Rising Crime Rates Fueling The Surge In Demand For IP Video Surveillance And VSaaS Solutions Emerges as a Core Driver of the IP Video Surveillance And VSaaS Market in 2025

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What Will the IP Video Surveillance And VSaaS Industry Market Size Be by 2025?
The market size of IP video surveillance and VSaaS has seen a rapid expansion in the recent past. The market, which stood at $36.8 billion in 2024, is projected to escalate to $40.94 billion in 2025 at a compound annual growth rate (CAGR) of 11.2%. Factors that have triggered the growth during the historical period include the shift from analog to IP-based systems, heightened security concerns following the 9/11 incident, standardization of internet protocol (IP), reduction in storage costs, and increased acknowledgment of video analytics.

What's the Long-Term Growth Forecast for the IP Video Surveillance And VSaaS Market Size Through 2029?
The market size for IP video surveillance and VSaaS is projected to experience robust expansion in the coming years, escalating to $59.37 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 9.7%. The propelling factors for growth during this prediction period can be linked to increased demand from developing markets, requirements for remote surveillance, emphasis on cybersecurity, advancements in cloud computing, and the expansion of smart cities and IoT. The forecast period is also expected to see dominant trends like vertical-specific solutions, integration with access control, technologies enhancing privacy, a continued focus on cybersecurity, and hybrid cloud deployments.

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What Are the Key Growth Drivers Fueling the IP Video Surveillance And VSaaS Market Expansion?
The rise in crime rates is predicted to spur the expansion of the IP video surveillance and VSaaS markets in the forthcoming years. Crime rates are statistical measures that determine the prevalence of illegal activities within a specified geographical area over a set timeframe. IP video surveillance and VSaaS play a key role in crime prevention, evidence collection, real-time monitoring, and bolstering public safety in support of legal enforcement initiatives. For example, data from the Bureau of Justice Statistics - a US federal agency, reveal a surge in violent victimization rates in the United States, hitting 23.5 victimizations per 1,000 persons aged 12 or older in 2022, up from January 2023. This rate increased to 9.7 reported violent victimizations per 1,000 individuals from 7.5 per 1,000 in the previous year. Consequently, the escalating crime rates are fueling the growth of the IP video surveillance and VSaaS markets.

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What Are the Key Trends Driving IP Video Surveillance And VSaaS Market Growth?
Leaders in the IP video surveillance and VSaaS markets are concentrating on generating cutting-edge products like Edge AI surveillance cameras. These cameras feature advanced technology that makes surveillance more effective, providing in-depth perception for heightened security across myriad industries. Specifically, Edge AI surveillance cameras are cameras fitted with locally run artificial intelligence capabilities that analyze and process data directly on the camera, eliminating sole reliance on central cloud-based processing. An example of this is a product launched in February 2023 by IDIS, a surveillance tech firm from South Korea. They rolled out a series of edge AI cameras that are easy to use yet highly proficient, leveraging their inherent Idis Deep Learning Engine to meet the diverse security, safety, and functional necessities of many organizations. The newly introduced 5MP dome and bullet varieties come with the high-end processing capacity of the Idis Deep Learning Engine, ensuring superior performance at the edge. These additions to IDIS's high-definition direct IP cameras allow accurate detection and classification of objects, lessen false alarms, boost safety and security protocols, and give more value to their overall security arrangements.

How Is the IP Video Surveillance And VSaaS Market Segmented?
The ip video surveillance and vsaasmarket 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 Companies Are Leading the Charge in IP Video Surveillance And VSaaS Market Innovation?
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 Are Leading the Global IP Video Surveillance And VSaaS Market in Revenue?
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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