Video Surveillance As A Service (VSaaS) Market Poised to Hit $9.96 Billion by 2029 with Accelerating Growth Trends

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Video Surveillance As A Service (VSaaS) Market Size Growth Forecast: What to Expect by 2025?
The market size of video surveillance as a service (vsaas) has seen a significant increase in the last few years. The market is projected to escalate from $4.47 billion in 2024 to $5.04 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 12.8%. The surge in previous periods can be accredited to factors such as cost-effectiveness, the ability to monitor from a distance and attainability, its scalable and adaptable nature, compatibility with other systems and minimal maintenance costs.

How Will the Video Surveillance As A Service (VSaaS) Market Size Evolve and Grow by 2029?
The market for video surveillance as a service (VSaaS) is anticipated to experience a swift expansion in the coming years. By 2029, it is projected to be worth $9.96 billion, generating a compound annual growth rate (CAGR) of 18.6%. The projected growth in this period can be linked to the heightened focus on data protection, remote workforce supervision, and industry-specific solutions. Key trends for the forecast period encompass IoT integration, subscription-based service structures, high-definition and megapixel cameras, along with data storage and management solutions.

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What Drivers Are Propelling the Growth of Video Surveillance As A Service (VSaaS) Market Forward?
The proliferation of smart cities is forecasted to be a significant driver for the expansion of the video surveillance as a service (VSaaS) market in the next few years. These technologically advanced cities leverage information and communication technology (ICT) to uplift operational efficiency, communicate seamlessly with its citizens, improve the standard of government services and safeguard the residents. Worldwide governments aim high to turn their cities into smarter places, more conducive to its citizens and visitors. Key to this transformation is the implementation of intelligent video surveillance, aimed at empowering emergency teams to react faster in a crisis situation or to identify and manage potential incidents to reduce crime rate. For example, in August 2023, the Press Information Bureau (PIB), a nodal agency of the Indian Government, shared that work orders for 7,978 projects were issued across 100 Smart Cities, out of which 74% or 5,909 projects were successfully executed. A sum of ?73,454 crore ($0.8 billion) was set aside for these smart city projects, and 90% allocation has been efficiently utilized till date. The evolution of smart cities thus acts as a substantial propeller for the progress of the video surveillance as a service (VSaaS) market.

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Which Emerging Trends Are Transforming the Video Surveillance As A Service (VSaaS) Market in 2025?
Prominent players in the Video Surveillance as a Service (VSaaS) market are concentrating on the evolution of cloud-based VSaaS innovations that use artificial intelligence (AI), including edge AI analytics, to improve security measures and secure a market advantage. Edge AI analytics denotes the immediate processing and scrutiny of data on a localized device or sensor, granting instant insights and facilitating decision-making free from centralized cloud servers' dependence. As an illustration, VIVOTEK, an IP surveillance solution firm headquartered in Taiwan, unveiled VORTEX, a cloud-driven VSaaS solution in August 2022. By merging camera, application, web, cloud, and advanced learning technologies, VORTEX delivers a comprehensive AI surveillance solution. It encompasses a hybrid cloud structure, allowing in-camera storage and analysis, thereby saving on time, financial resources, and bandwidth constraints. VORTEX also comes with an extensive camera selection, high-definition image quality, edge AI analytics, and a simplified setup for Small and Medium-sized Business (SMB) growth.

What Are the Key Segments in the Video Surveillance As A Service (VSaaS) Market?
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

Subsegments:
1) By IP-Based: Cloud-Based IP Surveillance, On-Premises IP Surveillance
2) By Analog: Traditional Analog Cameras, Hybrid Systems (Analog And IP)

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Who Are the Key Players Shaping the Video Surveillance As A Service (VSaaS) Market's Competitive Landscape?
Major companies operating in the video surveillance as a service (VSaaS) market include 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.

What Geographic Markets Are Powering Growth in the Video Surveillance As A Service (VSaaS) Market?
Asia-Pacific was the largest region in the video surveillance as a service (VSaaS) market in 2024. The regions covered in the video surveillance as a service (vsaas) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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