Press release
Sales of Video Surveillance and VSaaS Market Improve as Consumers Shift to IP-enabled Video Surveillance Devices
Two of the top trends among video surveillance technology and VSaaS providers are process automation and the introduction of smart surveillance systems. The former involves bridging the gap between the current building security needs and the technologies that are in effect in most modern buildings.
TMR has observed that companies are striving to bridge this gap while it keeps widening, as the advent of smart buildings and smart cities is showing a very high redundancy rate for conventional security systems. This works in favor of VSaaS providers as its increases the demand for security-critical services and remote surveillance with integrated systems.
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Smart Surveillance Solutions are the Need of the Hour
The companies for video surveillance and VSaaS need to quickly adapt to the upcoming smart city projects, especially in the developed economies of the world. Their goal is to incorporate high-end electronics to create tamper-proof wireless transmission and reception systems that can be used to survey wide areas. “A key advantage that smart video surveillance can provide is the significant reductions in hardware, wiring, and maintenance costs,” states a TMR expert. “This is working in cohesion with the 4G LTE upgrades to wireless network systems. Their incorporation in to wireless video surveillance can is already opening up larger scope of development and efficiency, and players need to follow up on that.”
AI Incorporation is the Way Ahead for VSaaS
One of the biggest opportunities that vendors of video surveillance and VSaaS can avail is the commencement of developments in the incorporation of artificial intelligence with video surveillance. Video surveillance is finding better avenues of use in non-conventional fields such as traffic monitoring. The next step is to build analytical solutions that drive artificial intelligence systems, where the developments in machine learning and information management can be highly beneficial.
View Report: http://www.transparencymarketresearch.com/video-surveillance-vsaas-market.html
The global video surveillance and VSaaS market is thus expanding at a CAGR of 17.0% from 2016 to 2024. By the end of 2024 it is expected to rise above US$88 bn, after being valued around US$21 bn in 2015. A large portion of this growth rate is being attributed to the end user segment of transportation, which is its largest segment and is expected to be valued over US$16 bn by the end of the report’s forecast period. The fastest-growing end user segment, however, is expected to be healthcare with a CAGR of 20% between 2016 and 2024.
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Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
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