Global Video Surveillance As A Service Market (VSaaS) : Global Industry Analysis and Forecast (2018-2026) – By Type, Components, End-User, and Geography

Global Video Surveillance As A Service Market (VSaaS) was valued US$ 1.25 Bn in 2017 and is expected to reach US$ 6.34 Bn by 2026, at a CAGR of 12.96% during a forecast period.

Global Video Surveillance As A Service Market (VSaaS) is segmented into type, components, End-user, and region. Based on type, the video surveillance as a service (VSaaS) market is divided into analog and IP-based. On the basis of components, video surveillance as a service (VSaaS) market is categorized into hardware, software, and services. In terms of End-user, the video surveillance as a service (VSaaS) market is classified into residential, retail, business organizations, transportation, government buildings, hospitality, industrial, stadiums, and healthcare organizations. Region wise into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

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The major driver is the declining prices of I.P. cameras. The prices of security solutions, such as IP cameras, are quickly dropping and with a new array of technologies, there is no need of an internal server to store the camera data as it will be stored in the cloud. This will make it easier and cost-effective to install security solutions. A growing focus on infrastructure protection, government regulations regarding public safety and rising demand for high-resolution imaging are some of the key factors driving market growth.

The restraints of the VSaaS market are slow internet speed, lack of common standards that cause integration issues, development in fear for privacy, low awareness about the market, and privacy and security concerns for the data collected. The key restraint in growth is the fear of privacy. A surveillance system monitors every activity of the location where it is installed.

Based on type, IP-based surveillance systems have quickly gained the larger share in the market due to their inherent advantages of quality, scalability, better resolution, and built-in analytics engines, as compared to analog video surveillance.

In terms of end-user, the transportation and retail segments will account for the prominent market shares through the forecast period. The threat to public security will continue to increase, which will raise the use of video surveillance systems. Moreover, these systems help protect innocent civilians from terrorist attacks and maintain a safe and secure environment.

In terms of region, Asia Pacific will emerge as the prominent contributor to the global video surveillance as a service (VSaaS) market. The increasing crime rate, terrorism, and threats from external intruders entering illegally in the countries, along with the rising security needs, are some of the factors driving the growth of video surveillance in the Asia Pacific.

Some of the key players in the global video surveillance as a service (VSaaS) market are ADT Security Services, Cisco, Bosch Security System, Axis Communications, Panasonic, Honeywell, Smartvue Corporation, Brivo, and Hikvision.

For more information about Report visit:https://www.maximizemarketresearch.com/market-report/video-surveillance-and-vsaas-market/13944/

Scope of the Global Video Surveillance As A Service Market (VSaaS)

Global Video Surveillance As A Service Market (VSaaS) by Type

• Analog
• IP-based

Global Video Surveillance As A Service Market (VSaaS) by Components

• Hardware
• Software
• Services

Global Video Surveillance As A Service Market (VSaaS) by End-User

• Residential
• Retail
• Business Organizations
• Transportation
• Government Buildings
• Hospitality
• Industrial
• Stadiums
• Healthcare Organizations
Global Video Surveillance As A Service Market (VSaaS) by Geography

• North America
• Europe
• Asia-Pacific
• Middle East & Africa
• South America

Key Players operating in the Global Video Surveillance As A Service Market (VSaaS)

• ADT Security Services
• Cisco
• Bosch Security System
• Axis Communications
• Panasonic
• Honeywell
• Smartvue Corporation
• Brivo
• Hikvision
• IndigoVision Group plc.
• Verint Systems, Inc.
• MIRASYS

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