Video Surveillance As A Service (VSaaS) Market Size, Regional Overview, Competitive Landscape, Business Growth, Share Analysis And Forecast To 2033

"The new report published by The Business Research Company, titled ""Video Surveillance As A Service (VSaaS) Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033"", delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the video surveillance as a service (VSaaS) market size has grown rapidly in recent years. It will grow from $3.97 billion in 2023 to $4.56 billion in 2024 at a compound annual growth rate (CAGR) of 14.9%. The video surveillance as a service (VSaaS) market size is expected to see rapid growth in the next few years. It will grow to $8.44 billion in 2028 at a compound annual growth rate (CAGR) of 16.6%.

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Smart City Development Fuels Growth In Video Surveillance As A Service (VSAAS) Market
The development of smart cities is expected to propel the growth of the video surveillance as a service (VSaaS) market in the coming years. A smart city employs information and communication technology (ICT) to boost operational performance, exchange data with the public, and enhance government service and resident protection. Governments all over the world have lofty goals for making communities smarter and better for people and travelers. Smart cities are implementing intelligent video monitoring to help emergency responders respond more quickly in real-time or to detect and handle possible accidents to minimize crime. For instance, in August 2023, according to the Press Information Bureau (PIB), an India-based nodal agency of the Government of India, 100 Smart Cities issued work orders for a total of 7,978 projects, out of which 5,909 projects (74%) have been completed. An amount of ₹73,454 crore ($0.8 billion) was allocated for these Smart Cities, with 90% having been effectively utilized so far. Therefore, the development of smart cities drives the video surveillance as a service (VSaaS) market growth.

Cloud-Based VSaaS Solution For Enhancing Security
Major companies in the video surveillance as a service (VSaaS) market are focused on developing cloud-based VSaaS solutions that utilize AI, such as edge AI analytics, to enhance security and gain a competitive edge in the market. Edge AI analytics refers to the processing and analysis of data directly on a local device or sensor, enabling real-time insights and decision-making without reliance on centralized cloud servers. For instance, in August 2022, VIVOTEK, a Taiwan-based IP surveillance solution provider, launched VORTEX, a cloud-based Video Surveillance as a Service (VSaaS) solution. VORTEX integrates camera, app, web, cloud, and deep learning technology to offer a cohesive AI surveillance solution. VORTEX features a hybrid cloud architecture, enabling storage and analysis directly within the camera, reducing time, cost, and bandwidth limitations. The solution offers a wide camera selection, crystal-clear image quality, edge AI analytics, and hassle-free configuration for Small and Medium-sized Business (SMB) expansion.

The video surveillance as a service (VSaaS) market covered in this report is segmented -

1) By Type: IP-Based, Analog
2) By Service: Managed, Hybrid, Hosted
3) By End User: Industrial, Residential, Military and Defense, Institutional, Public Facilities, Commercial, Other End Users

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Major companies operating in the video surveillance as a service (VSaaS) market report are Cisco Systems Inc., Honeywell International Inc., Johnson Controls International plc, Hikvision Digital Technology Co Ltd., ADT Security Services Inc., Bosch Security Systems GmbH, Alarm.com, Axis Communications AB, Avigilon A Motorola Solutions Company, Verint Systems Inc., VIVOTEK Inc., Genetec Inc., Pelco, Eagle Eye Networks Inc., Brivo Systems Inc., Salient Systems Inc., Mobotix AG, Ozvision Inc., March Networks Corp, IndigoVision Group plc, CameraFTP Service, Timetec Cloud Sdn Bhd, 3xLOGIC Inc., MIRASYS Inc., Duranc Inc., Camcloud Inc., Cloudastructure Inc., Hanwha Techwin Co Ltd., IVIDEON Inc., Pacific Control Systems LLC, Panasonic Corporation, Securitas AB, Stanley Black & Decker Inc., Verkada Inc.

Contents of the report:
1. Executive Summary
2. Video Surveillance As A Service (VSaaS) Market Report Structure
3. Video Surveillance As A Service (VSaaS) Market Trends And Strategies
4. Video Surveillance As A Service (VSaaS) Market - Macro Economic Scenario
5. Video Surveillance As A Service (VSaaS) Market Size And Growth
…..
27. Video Surveillance As A Service (VSaaS) Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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