VSaaS Market Outlook 2030: Industry Insights & Opportunity Evaluation, 2019-2030

VSaaS Market: Market Segments: By Type (Hosted, Managed, and Hybrid); By Product (IP-Based and Analog); By Industry (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial); and Region – Analysis of Market Size, Share & Trends for 2014 – 2019 and Forecasts to 2030

Product Overview

Video surveillance as a service (VSaaS) relates to cloud-based video surveillance that is hosted. Usually, the service includes video recording, storage, remote viewing, warnings for management, and cybersecurity. Video processing and management are carried out off-site using the cloud, although the VSaaS system can have a simple on-site interface that serves as a communication conduit to communicate with the cameras and the cloud.

Market Highlights

VSaaS Market is expected to project a notable CAGR of 16.7% in 2030.

VSaaS Market to surpass USD 6.7 Billion by 2030 from USD 2.7 billion in 2018 at a CAGR of 16.7% throughout the forecast period, i.e., 2019-30. The market is expected to be driven by a growing number of security issues at a global level, coupled with increased investment in sophisticated surveillance network growth. It is also expected that increased demand for traffic monitoring and intrusion detection will fuel market growth over the next six years.

VSaaS Market: Segments

Hosted Segment to grow with the highest CAGR of XX.X% during 2019-30

VSaaS Market is segmented by Type into Hosted, Managed, and Hybrid. The greater market share in 2018 was accounted by Hosted VSaaS due to the demand for VSaaS is driven by a growing concern among users about improving security, a rising number of government measures to improve public security, and ongoing improvements in infrastructure, including transport hubs. Furthermore, the growth of the VSaaS market is also driven by the rising number of smart cities and the growing importance of VSaaS for retail, SMBs, and residential applications. Growing mobile penetration in developing countries, coupled with technological developments in telecom networks, such as LTE availability and the growing 5G trend, and high-speed Internet access, are helping the host VSaaS market to expand further as high Internet speed is one of the fundamental requirements of service providers and consumers.

VSaaS Market: Market Dynamics

Drivers

Advancements in Video Analytics and AI Transforming

Within the VSaaS industry, there is a huge increase in demand for cloud-based services from different end users. The growth can be attributed to various advantages of cloud-based systems, including among others, faster response times and remote monitoring. A development that is expected to continue throughout the forecast period is the adoption of cloud-based services.

Restraints

Privacy and hacking concerns regarding data usage

VSaaS provides information storage in the cloud. A multi-tenant network in which resources are shared is the cloud. It is also an external entity with the ability to access the data of a client. Users have been concerned about who is watching the video and how the video might be used or misused, as individuals expect their personal information to be used for legitimate and unique purposes only.

VSaaS Market: Regions

VSaaS Market is segmented based on regional analysis into five major regions. These include North America, Latin America, Europe, APAC and MENA.

VSaaS Market in North America held the largest market share of XX.X% in the year 2018 and is characterized by the presence of several industry participants. Over the forecast period, Asia Pacific is expected to gain market share, mainly due to the increasing installation of surveillance equipment in China and India, as well as increased infrastructure expenditure in the region. In China and India, the rising population is also generating a significant demand for smart video surveillance solutions. The presence of a large number of camera manufacturers and the low cost of video surveillance systems provide opportunities for the area to develop in the VSaaS market. Demand for VSaaS is also created by government initiatives to increase public safety and to increase the development of infrastructure in the region. There are also opportunities for the industry due to the rising penetration of emerging technology such as automated number plate recognition, facial recognition, people counting, retail management, remote asset management and crowd management.

VSaaS Market: Key Players

• Panasonic System Networks Co. Ltd.

o Company Overview

o Business Strategy

o Key Product Offerings

o Financial Performance

o Key Performance Indicators

o Risk Analysis

o Recent Development

o Regional Presence

o SWOT Analysis

• Genetec, Inc.,

• D-Link Systems, Inc.,

• GeoVision, Inc.,

• Agent Video Intelligence Ltd.,

• Pelco, Inc.,

• Robert Bosch GmbH,

• Axis Communications AB,

• FLIR Systems, Inc.,

• NETGEAR Inc.,

• Homeboy, Inc., and

• Canary Connect, Inc.

VSaaS Market report also contains analysis on:

VSaaS Market Segments:

By Type:

• Hosted

• Managed

• Hybrid

By Industry:

• Commercial

o Retail Stores & Malls

o Enterprises

o Banking & Financial Buildings

o Hospitality Centers

o Warehouses

• Infrastructure

o Transportation & City Surveillance

 Transportation

• City Surveillance

o Public Places

o Utilities

• Residential

• Military & Defense

• Public Facilities

o Healthcare Buildings

o Educational Buildings

o Religious Places

o Government Buildings

• Industrial

• VSaaS Market Dynamics

• VSaaS Market Size

• Supply & Demand

• Current Trends/Issues/Challenges

• Competition & Companies Involved in the Market

• Value Chain of the Market

• Market Drivers and Restraints