Video surveillance as a service (VSaaS) refers to the provision of remote monitoring and video management services in exchange of a timely fee. Traditional deployments of video surveillance systems included installations of various components such as analog or network cameras, video encoders and decoders, storage devices, network infrastructure and video management software, among others. Traditional deployment video surveillance systems provided end-users with a higher degree of control over monitoring and recording capabilities. However, technological advancements in the camera and network technology along with increasing need to adapt to the latest market offerings made it cumbersome to maintain on-site video surveillance systems. Video surveillance as a service (VSaaS) has offered a viable solution for end-users to stay updated with the latest technological development in the field of video surveillance without incurring high investment costs. In addition, with the use of video surveillance as a service (VSaaS), customers are no longer required to maintain on-site skilled team of technicians. Thereby, video surveillance as a service (VSaaS) has gained immense popularity among various organizations for the purpose of remote monitoring and security provision.

Some of the key driving factors in the video surveillance as a service (VSaaS) market include constant technological advancements in the field of cameras, storage, and IP networks, among others. With video surveillance as a service (VSaaS), end-users can ensure the deployment of latest technologies to provide on-site security and safety. Other factors driving the growth of this market include the subscription based models which enable end-users to deploy customized video surveillance systems in exchange of a monthly or yearly fee instead of direct investments towards various equipment and software. Rising security threats and increasing need to provide safe and secured environment have led to the higher adoption of video surveillance as a service (VSaaS) in the recent years. However, lack of awareness among users and concerns related to information security pose as major challenges in the growth of the video surveillance as a service (VSaaS) market across the world.

The report titled “Global Video Surveillance as a Service (VSaaS) Market- Growth, Future Prospects and Competitive Analysis, 2016 – 2024” offers strategic insights into the global video surveillance as a service (VSaaS) market along with the market size and estimates for the duration 2014 to 2024. The said research study covers in-depth analysis of multiple market segments based on mode of type, end-use industry and cross-sectional study across different geographies and sub-geographies. The study covers the comparative analysis of different segments for the years 2015 & 2024. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities. In addition, the report covers a section providing analysis on the key market trends including switch from analog to digital systems, high-definition cameras, and integrated security applications based on video surveillance in various end-use industries.

In order to help strategic decision makers, the report also includes competitive profiling of the leading providers of video surveillance as a service (VSaaS), market positioning and key developments. Some of the major players profiled in the report are Axis Communications AB, ADT LLC dba ADT Security Services, Bosch Security Systems, Brivo Systems LLC, Cisco Systems, Inc., Honeywell International, Inc., IndigoVision Group plc., Verint Systems, Inc., MIRASYS LTD., Smartvue Corporation, OZVISION, Inc., Cameramanager B.V., MOBILE VIDEO SOLUTIONS INC (IVIDEON), and Genetec Inc.

Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the video surveillance industry
• Market fuelers, market impediments, and their impact on the market growth
  In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis

Overall, the research study provides a holistic view of the global video surveillance as a service (VSaaS) market, offering market size and estimates for the period from 2016 to 2024, keeping in mind the above mentioned factors.

The global video surveillance as a service (VSaaS) market is segmented, based on type, into following categories

• Hosted
• Managed
• Hybrid

In 2015, hosted video surveillance as a service (VSaaS) solutions remained the dominant type in the global video surveillance as a service (VSaaS) market. With the convenience of maintaining video files off-site and easy access through any internet connected device led to the higher adoption of hosted solutions across the world. In addition, preference of hosted solutions in various end-use industries including residential and transportation has led to the higher adoption of hosted video surveillance as a service (VSaaS) solutions until 2015.

The rise of various integrated applications based on video surveillance has led to the growing demand for storage of video files at the end-user premises. In addition, on-site storage eliminates concerns pertaining to data security and misuse of video files created during video surveillance. However, storage of entire video data on the customer’s site has led to additional costs associated with video storage solutions. Thereby, there has been a rising trend of deploying hybrid video surveillance as a service (VSaaS) solutions wherein end-users can store critical or usable video content on-site for further analysis with rest of the data store at the VSaaS provider’s data center. The hybrid video surveillance as a service (VSaaS) segment is expected to witness the fastest growth in the overall video surveillance as a service (VSaaS) market across the world.

In 2015, Asia Pacific led the overall video surveillance as a service (VSaaS) market across the world. The segment contributed to more than half of the total revenue generated globally in 2015. Increasing penetration of the Internet and smartphones along with growing efforts made by governments towards security provision in developing countries such as China, India, and Thailand, among others have led to the higher adoption of video surveillance as a service (VSaaS) solutions in the Asia Pacific region.

North America and Europe followed the Asia Pacific region in the global video surveillance as a service (VSaaS) market in terms of revenue. With rising security threats and increasing vulnerability of various sites all across Europe, the market for Europe video surveillance as a service (VSaaS) solutions is expected to witness the highest growth rate during the forecast period. Factors such as cross border migration and increasing instances of terror attacks are further expected to fuel the need to deploy video surveillance in most of the countries in the European region. With continued demand from the hotels and leisure industry in some of the tourist countries in the Middle East, the MEA video surveillance as a service (VSaaS) market is expected to witness sustained growth during the forecast period.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Video Surveillance As A Service (VSaaS) market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Video Surveillance As A Service (VSaaS) market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Video Surveillance As A Service (VSaaS) market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Video Surveillance As A Service (VSaaS) market?
• Which is the largest regional market for Video Surveillance As A Service (VSaaS) market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Video Surveillance As A Service (VSaaS) market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Video Surveillance As A Service (VSaaS) market worldwide?