Video Surveillance as a Service Market Size 2024-2028 

The video surveillance as a service market size is forecast to increase by USD 8.02 billion at a CAGR of 23.51% between 2023 and 2028. The market is experiencing significant growth due to the rising trend of urbanization and infrastructure development, leading to increased demand for advanced surveillance capabilities. Anomaly detection and predictive maintenance are key features driving market growth, enabled by IoT sensors and intelligent analytics tools. Internet connectivity is essential for VSaaS, ensuring uninterrupted surveillance and real-time monitoring. However, challenges such as potential outages due to internet connectivity issues and bandwidth requirements remain. To mitigate these challenges, advancements in IoT technology and AI-driven video analytics are crucial, providing enhanced security and reliability. Overall, the VSaaS market is poised for growth, with the integration of IoT-enabled sensors, intelligent analytics tools, and internet connectivity playing a pivotal role.

What will be the Size of the Video Surveillance as a Service Market During the Forecast Period?

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The market is witnessing significant growth due to the increasing adoption of cloud-based solutions such as cloud computing in various industries, particularly in the retail sector. VSaaS allows organizations to access video-based data from their surveillance systems through the internet, eliminating the need for on-premises infrastructure. Central cloud storage ensures scalability benefits and remote access capabilities, making it a cost-effective solution for businesses. However, the shift to VSaaS comes with security concerns, as the data is stored off-site. To mitigate these concerns, AI-based VSaaS solutions are being adopted, offering advanced features like facial recognition and object detection. These solutions enhance security by providing real-time alerts and improving threat identification.

The fastest-growing verticals for VSaaS include healthcare, education, and transportation. The market is expected to grow further due to the scalability benefits and cost savings offered by cloud VSaaS. Despite these advantages, organizations must ensure proper security measures are in place to protect their video data from potential threats.

Video Surveillance as a Service Market Segmentation

The VSaaS market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Solution
  • Hosted
  • Managed
  • Hybrid
• End-user
  • Commercial
  • Industrial
  • Residential
• Geography
  • North America
    • US
  • APAC
    • China
    • Japan
  • Europe
    • Germany
    • UK
  • South America
  • Middle East and Africa

By Solution Insights

The hosted segment is estimated to witness significant growth during the forecast period. The VSaaS market witnessed significant growth in the hosted segment in 2023, as it catered to the security needs of various organizations across retail, healthcare, transportation, and other sectors. Hosted VSaaS solutions offer numerous advantages, including scalability, remote accessibility, and reduced maintenance burden. These solutions allow small and medium enterprises (SMEs) to access high-quality camera footage and advanced security systems without the need for expensive on-premises infrastructure. The hosted model enables businesses to easily scale their surveillance systems by adding or removing security cameras and storage capacity as needed, without the need for significant infrastructure changes. Furthermore, the ability to access video footage and monitoring interfaces from anywhere with an internet connection enhances operational efficiency and ensures round-the-clock security.

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The hosted segment accounted for USD 1.26 billion in 2018 and showed a gradual increase during the forecast period.

Regional Insights

North America is estimated to contribute 34% to the growth of the global VSaaS market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The video surveillance as a service market in North America is experiencing significant growth due to increasing security concerns and the early adoption of advanced technologies such as video surveillance in various sectors, including retail, healthcare, and transportation. Cities such as Houston, Chicago, and New York City are leading the way in deploying public video surveillance solutions, driven by the need for counter-terrorism measures and rapid urbanization and industrialization. Organizations in these industries are utilizing VSaaS to safeguard their assets, ensure a secure and compliant working environment, and enhance productivity. The on-premises infrastructure in North America is well-established, providing the necessary foundation for the implementation of scalable surveillance systems.

Remote accessibility offered by VSaaS solutions enables organizations to monitor their premises from anywhere, providing an added layer of security and convenience.

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Market Driver

Rise in urbanization and infrastructure development is the key driver of the video surveillance as a service market. The VSaaS market has experienced notable growth due to the increasing demand for advanced surveillance and monitoring solutions in urban areas. Urbanization and infrastructure development have been key drivers of this trend, as cities expand and new projects are initiated. VSaaS plays a pivotal role in enhancing security and efficiency in these areas by providing real-time video monitoring of public spaces, traffic management, and emergency response systems. With the adoption of smart city platforms, cloud-based platforms have become increasingly popular, enabling security operatives to manage and deploy cameras across various premises from a central cloud storage location.

The internet enables the real-time transmission of video-based data, allowing law enforcement agencies to effectively respond to incidents as they occur. As urban populations continue to grow, ensuring public safety remains a top priority, and VSaaS offers a scalable and cost-effective solution for meeting these needs.

Market Trends

The adoption of artificial intelligence and video analytics is the upcoming trend in the market. Video surveillance-as-a-service (VSaaS) is revolutionizing the realm of surveillance and monitoring through advanced cloud-based platforms. Security operatives no longer need to manage and maintain on-premises cameras and video-based data. Instead, they can leverage central cloud storage and the internet to access real-time footage and insights. Artificial intelligence (AI) and video analytics are transformative technologies in the VSaaS market, enhancing capabilities and effectiveness. AI-powered video analytics enable accurate detection and recognition of objects, faces, license plates, and other entities. This improves security by enabling real-time identification and tracking of individuals, vehicles, and objects of interest.

AI can analyze patterns and behaviors captured in video feeds, detecting unusual or suspicious activities such as loitering, abandoned objects, or crowd anomalies. Proactive threat detection and prevention are thus made possible. The global VSaaS market is experiencing significant growth due to these advancements.

Market Challenge

Rising privacy and security concerns are a key challenge affecting video surveillance as a service market growth. VSaaS refers to the delivery of video surveillance and monitoring services through a cloud-based platform. This solution enables businesses and organizations to access video-based data from their cameras in real-time, allowing for effective security measures. VSaaS employs central cloud storage, ensuring the security of video data over the internet. However, the implementation of VSaaS raises privacy concerns. Extensive video surveillance may capture footage in private areas without consent, infringing on individuals' right to privacy. The right to anonymity is a constitutionally protected right that could be challenged by extensive video surveillance.

For instance, individuals visiting sensitive locations such as infertility clinics or psychiatrist offices may prefer to remain anonymous. The line between legitimate monitoring and intrusion is often blurred, making it essential to establish clear guidelines and regulations for the use of VSaaS.

Customer Landscape

The video surveillance as a service market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the VSaaS market growth analysis report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

 Customer Landscape

Key Video Surveillance as a Service Market Companies & Insights

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

ADT Inc. - The company offers video surveillance such as retail security and restaurant security that helps small businesses with their security cameras and flexible video storage.

The video surveillance as a service market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Advanced Control Corp.
• Avid Communications LLC
• Camcloud Inc.
• Canon Inc.
• Cisco Systems Inc.
• Cloudastructure Inc.
• ControlByNet LLC
• D Link Corp.
• Drive Headquarters Inc.
• Eagle Eye Networks Inc.
• Genetec Inc.
• Honeywell International Inc.
• Iveda Solutions Inc.
• Motorola Solutions Inc.
• Napco Security Technologies Inc.
• NW Security Group Ltd.
• Pacific Control Systems
• Robert Bosch GmbH
• VIVOTEK Inc.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Video surveillance-as-a-service is a cloud-based solution that offers organizations remote access to surveillance and monitoring capabilities. By utilizing a central cloud storage system, VSaaS allows security operatives to view real-time and historical video-based data from cameras installed on premises, anywhere and anytime via the internet. Retail, healthcare, and transportation industries are among the fastest-growing verticals adopting VSaaS due to its cost-effective and scalability benefits. VSaaS provides advanced features such as AI-based solutions, facial recognition, and object detection, enhancing security and monitoring capabilities. However, security concerns, including data protection, encryption, and secure access, are essential considerations. VSaaS offers on-demand access to video surveillance footage, enabling organizations to respond to security threats promptly.

Moreover, the use of IoT-enabled sensors and intelligent analytics tools further enhances the performance of cloud VSaaS solutions. Scalability benefits, including low infrastructure costs and remote access capabilities, make it an attractive option for organizations. However, concerns regarding video data streaming, bandwidth, and storage, as well as potential network resource outages, can impact VSaaS performance. VSaaS solutions offer end-to-end surveillance capabilities, including anomaly detection, predictive maintenance, and AI-driven analytics, providing valuable insights for organizations. Despite its advantages, it requires reliable internet connectivity and addressing data security concerns to ensure the integrity and protection of sensitive information.

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What are the Key Data Covered in this Video Surveillance as a Service Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market  and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, APAC, Europe, South America, and Middle East and Africa
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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