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Rising Crime Rates Fueling The Surge In Demand For IP Video Surveillance And VSaaS Solutions: A Key Catalyst Accelerating IP Video Surveillance And VSaaS Market Growth in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsIP Video Surveillance And VSaaS Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The expansion of the IP video surveillance and vsaas market has been swift in the past few years. The market size, which was $36.8 billion in 2024, is expected to rise to $40.94 billion in 2025, reflecting a compound annual growth rate (CAGR) of 11.3%. The significant growth during the previous years could be credited to the shift from analog to IP-based systems, increased security concerns after 9/11, standardization of internet protocol (IP), fall in storage prices, and a growing understanding of video analytics.
IP Video Surveillance And VSaaS Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the IP video surveillance and vsaas market is predicted to witness substantial growth, eventually reaching a market size of $59.55 billion in 2029 with a compound annual growth rate (CAGR) of 9.8%. The growth during the forecast period is due to the increasing demands in emerging markets, requirements for remote monitoring, an emphasis on cybersecurity, advancements in cloud computing, the spread of smart cities, and IoT development. The forecast period is characterized by major trends such as solutions specific to vertical sectors, integration with access control, technologies enhancing privacy, reinforcement on cybersecurity, and hybrid cloud deployments.
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What Are the Drivers Transforming the IP Video Surveillance And VSaaS Market?
The projected increase in crime levels is expected to spur the expansion of the IP video surveillance and VSaaS sectors in the upcoming years. The term crime rates denotes the statistical tool employed to gauge the frequency of illegal activities in a specified geographical location over a set timeframe. IP video surveillance and VSaaS systems are utilized mainly to prevent criminal acts, gather evidence, enable live monitoring, enhance public safety, and aid law enforcement operations. For example, data obtained from the Bureau of Justice Statistics, a federal agency based in the US, indicated that the violent victimization rate in the US surged to 23.5 instances per 1,000 individuals aged 12 and older in 2022. The year 2022 also witnessed an increase in this rate from 7.5 per 1,000 in 2021 to 9.7 reported violent victimizations per 1,000 individuals. Hence, these escalating crime rates are fueling the growth of the IP video surveillance and VSaaS industries.
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What Long-Term Trends Will Define the Future of the IP Video Surveillance And VSaaS Market?
Key players in the IP video surveillance and VSaaS sectors are keen on crafting technologically sophisticated products such as Edge AI surveillance cameras. These cameras serve to augment surveillance capabilities and furnish advanced security across different industries. Edge AI surveillance cameras denote those fitted with edge AI functionalities which allow them to process and analyze data in situ, rather than primarily relying on a central network of cloud-based processing. For instance, in February 2023, the surveillance technology firm from South Korea, IDIS, unveiled its easy-to-use, yet robust series of Edge AI cameras. These leverage their exclusive IDIS Deep Learning Engine to cater to the security, safety, and operational needs of businesses across diverse sectors. These innovative 5MP dome and bullet models, armed with the advanced processing prowess of the IDIS Deep Learning Engine, offer high-level performance at the edge. This enhances IDIS' repertoire of high-definition direct IP cameras, giving users the advantage of correct object detection and classification in order to reduce false alarms, boost security and safety protocols, and add value to their overall security operations.
Which Segments in the IP Video Surveillance And VSaaS Market Offer the Most Profit Potential?
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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Which Firms Dominate the IP Video Surveillance And VSaaS Market by Market Share and Revenue in 2025?
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.
Which Regions Offer the Highest Growth Potential in the IP Video Surveillance And VSaaS Market?
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.
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