VSaaS Market Competitive Insights and Opportunities in Grooming Regions (2023-2031)

The global VSaaS market size was US$ 3.5 billion in 2021. The global VSaaS market is forecast to grow to US$ 6.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 11.7% during the forecast period from 2022 to 2030.

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Factors Influencing the Market
There is a significant rise in demand for cloud-based services from various end users, basically for faster response times and remote monitoring. As a result, it will fuel the growth of the VSaaS market during the study period. In addition, growing strategic steps to boost research and technology advancements are expected to bring out lucrative growth opportunities for the market during the study period.
Video data is managed by service providers in VSaaS at a very low cost. Physical data storage equipment and workers are also not required in data processing, which significantly reduces the cost of recruiting IT staff. Apart from that, it also results in better performance and brings out the return on investment (RoI). End-users can save a significant amount by deducting the cost of buying servers, hard drives, and camera licenses. Therefore, the VSaaS market will witness ample growth opportunities during the study period.
On the flip side, privacy and hacking concerns related to data usage may restrict the growth of the VSaaS market during the study period.

COVID-19 Impact Analysis
The VSaaS market witnessed a reasonable impact of the COVID-19 pandemic, which is expected to recover soon. The electronics industry was drastically hit in the wake of the pandemic, causing disruptions in the supply chain. As a result, it negatively affected the VSaaS market. Apart from that, the production facility's suspension in China due to the COVID-19 epidemic hampered the growth of the VSaaS market.

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Regional Analysis
VSaaS market in North America held the largest market share and is expected to record high growth during the study period primarily owing to the presence of a vast number of industry players such as Genetec, Inc., Homeboy, Inc., etc.
Asia-Pacific is projected to lay hold of highest market share, mainly due to the rising installation of surveillance equipment in countries like China and India. Apart from that, other factors like the growing population and the presence of a large number of camera manufacturers in the region are expected to have a significant contribution to the market growth during the study period. Initiatives by the governments to improve regional infrastructure and public safety also enhances the demand for VSaaS. As developing technologies like automatic number plate identification, facial recognition, people counting, retail management, remote asset management, and crowd management becomes more prevalent, there are also prospects for the businesses to grow in the region.

Competitors in the Market
• Panasonic System Networks Co. Ltd.
• Genetec, Inc.
• D-Link Systems, Inc.
• GeoVision, Inc.
• Agent Video Intelligence Ltd.
• Pelco, Inc.
• Robert Bosch GmbH
• Axis Communications AB
• FLIR Systems, Inc.
• NETGEAR Inc.
• Homeboy, Inc.
• Canary Connect, Inc.
• Other Prominent Players

Market Segmentation
The global VSaaS market segmentation focuses on Type, Industry, and Region.
By Type:
• Hosted
• Managed
• Hybrid

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By Industry:
• Commercial
o Retail Stores & Malls
 Enterprises
 Banking & Financial Buildings
 Hospitality Centers
 Warehouses
• Infrastructure
• Transportation & City Surveillance
o Transportation
 City Surveillance
 Public Places
o Utilities
• Residential
• Military & Defense
• Public Facilities
o Healthcare Buildings
o Educational Buildings
o Religious Places
o Government Buildings
• Industrial
By Regional Outlook
● North America
o The U.S.
o Canada
o Mexico
● Europe
▪ Western Europe
o The UK
o Germany
o France
o Italy
o Spain
o Rest of Western Europe
▪ Eastern Europe
o Poland
o Russia
o Rest of Eastern Europe

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● Asia Pacific
o China
o India
o Japan
o Australia & New Zealand
o ASEAN
o Rest of Asia Pacific
● Middle East & Africa (MEA)
o UAE
o Saudi Arabia
o South Africa
o Rest of MEA
● South America
o Brazil
o Argentina
o Rest of South America

Table of Content

Chapter 1: Global VSaaS Industry Overview

Chapter 3: Market Dynamics

Chapter 4: Top Company Profiles

Chapter 5: Global VSaaS market Competition, by Players

Chapter 6: Global Market Size by Regions

Chapter 7: Global Market Segment by Application

Chapter 8: Global VSaaS Industry Segment by Type

Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers

Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders

Chapter 11: Key Marketing Strategy Analysis, by Market Vendors

Chapter 12: Market Effect Factors Analysis

Chapter 13: Global VSaaS market Size Forecast (2023-2031).

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This release was published on openPR.