IP Video Surveillance and VSaaS Market By Product Type (Hardware, Software, Cloud Based Solutions, and Services) and Application (Banking & Financial Sector, Retail, Government & Higher Security, Manufacturing & Corporate, Residential, Entertainment, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2021-2030
The global IP video surveillance and VSaaS market size was valued at $28.39 billion in 2020, and is projected to reach $83.03 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030. Digital video surveillance systems can be used for nearly in any environment. Owing to increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. There has been an increase in demand for security applications, such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others.
Factors such as rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras, and rise in need of safety in high risk areas are expected to fuel growth of the IP video surveillance and VSaaS market. However, high installation investment and large data storage requirements are expected to hinder the market growth. Conversely, emerging trends toward development of smart cities are expected to offer lucrative opportunities for the market globally.
The global IP video surveillance & VSaaS market is analyzed by product type, application, and region. On the basis of product type, the market is analyzed across hardware, software, cloud-based solutions, and services. The hardware segment is further sub-segmented into impact camera, monitor, and storage. The software segment is bifurcated into video analytics software and video management system. The cloud-based solution is further bifurcated into cloud storage by product software and cloud storage by deployment.
By services, the market is analyzed across VSaaS, hosted VSaaS, managed VSaaS, hybrid VSaaS, and integrated services IP surveillance.
On the basis of application, the market is divided into banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, casino & entertainment, healthcare, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The major companies profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc.), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric).
KEY MARKET SEGMENTS
By Product Type
Hardware
Impact Camera (IP Camera)
Monitor
Storage
Software
Video Analytics Software (VAS)
Video Management System (VMS)
Cloud Based Solutions
Cloud Storage by Product Software
Cloud Storage by Deployment
Services
Video Surveillance as a Service
Hosted VSaaS
Managed VSaaS
Hybrid VSaaS
Integrated Services IP Surveillance
By Application
Banking & Financial Sector
Retail
Government & Higher Security
Manufacturing & Corporate
Residential
Casino & Entertainment
Healthcare
Others
Key Market Players
Avigilon (Motorola Solutions)
Axis Communications AB
Bosch Security Systems GmbH
Dahua Technology Co., Ltd.
D-Link Corporation
Hangzhou Hikvision Digital Technology Co., Ltd.
Honeywell Security (Honeywell International Inc.)
The Infinova Group
Panasonic Corporation
Pelco (Schneider Electric)
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