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Rising Crime Rates Fueling The Surge In Demand For IP Video Surveillance And VSaaS Solutions: A Key Factor Shaping the Future of the IP Video Surveillance And VSaaS Market in 2025
IP Video Surveillance And VSaaS Market
The IP video surveillance and vsaas market will grow from $36.8 billion in 2024 to $40.94 billion in 2025, reflecting a CAGR of 11.3%. Growth factors include the transition from analog to IP-based systems, rising security concerns post-9/11, IP standardization, decreasing storage costs, and increased awareness of video analytics.
The IP Video Surveillance and VSaaS market will grow to $59.55 billion by 2029 at a CAGR of 9.8%, driven by demand in emerging markets, remote monitoring, cybersecurity focus, smart cities, and IoT. Trends include vertical-specific solutions, access control integration, privacy technologies, and hybrid cloud deployments.
What Are the Main Catalysts for Growth in the IP Video Surveillance And VSaaS Market?
Increasing crime rates are projected to drive the growth of the IP video surveillance and VSaaS markets. Crime rates are statistical measures that quantify the occurrence of criminal activities in a specific geographic area over time. IP video surveillance and VSaaS are key tools in deterring crimes, collecting evidence, facilitating real-time monitoring, enhancing public safety, and supporting law enforcement efforts. For example, in September 2023, the Bureau of Justice Statistics reported that the rate of violent victimization in the U.S. rose to 23.5 per 1,000 persons aged 12 or older in 2022, an increase from 7.5 per 1,000 in 2021. This rise in crime rates is contributing to the growth of the IP video surveillance and VSaaS markets.
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Which Businesses Are at the Forefront of IP Video Surveillance And VSaaS Market Development?
Major companies operating in the IP video surveillance and VSaaS market are Panasonic Corporation, Cisco Systems Inc., Honeywell International Inc., Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security Systems, Axis Communications AB, Avigilon Corporation, NETGEAR Inc., D-Link Corporation, Vivotek Inc., Zhejiang Dahua Technology Co. Ltd., Genetec Inc., Milestone Systems AS, Pelco by Schneider Electric, Eagle Eye Networks Inc., Vista IT Solutions LLC, Securens Systems Pvt. Ltd., MOBOTIX AG, Costar Technologies Inc., Infinova Group, IndigoVision Group PLC, Ivideon LLC, Arecont Vision Costar LLC, Salient Systems Corporation, Qognify Limited, Camcloud Inc., Cloudview Ltd., Arcules Inc.
How Is the IP Video Surveillance And VSaaS Market Evolving?
Businesses in the IP video surveillance and VSaaS market are creating cutting-edge security solutions such as Edge AI surveillance cameras to enhance monitoring capabilities. In February 2023, IDIS, a South Korean surveillance technology firm, introduced AI-powered 5MP dome and bullet cameras using the Idis Deep Learning Engine, offering advanced security with real-time object detection and classification.
How Is the IP Video Surveillance And VSaaS Market Segmented?
The IP video surveillance and vsaas market covered in this report is segmented -
1) By Product: Hardware, Software, Service
2) By Type: Hosted, Managed, Hybrid
3) By Application: Banking And Financial Sector, Retail, Government And Higher Security, Manufacturing And Corporate, Residential, casino* And Entertainment, Healthcare, Other Applications
Subsegments:
1) By Hardware: IP Cameras, Video Recorders (NVRs), Video Encoders And Decoders, Storage Devices, Accessories
2) By Software: Video Management Software (VMS), Analytics Software, Access Control Software, Cloud-Based Surveillance Software, Mobile Applications
3) By Service: Installation Services, Maintenance And Support Services, Monitoring Services, Consulting Services, Managed Services
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Where Is the IP Video Surveillance And VSaaS Market Growth Most Prominent?
North America was the largest region in the IP video surveillance and VSaaS market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ip video surveillance and vsaas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The IP Video Surveillance And VSaaS Global Market Report?
- Market Size Analysis: Analyze the IP Video Surveillance And VSaaS Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the IP Video Surveillance And VSaaS Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall IP Video Surveillance And VSaaS Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the IP Video Surveillance And VSaaS Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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