Global Video Surveillance-as-a-Service Market Size study & Forecast, by Type (Hosted, Managed, Hybrid), by Vertical (Commercial, Industrial, Residential, Government) and Regional Analysis, 2023-2030

Global Video Surveillance-as-a-Service Market Size study & Forecast, by Type (Hosted, Managed, Hybrid), by Vertical (Commercial, Industrial, Residential, Government) and Regional Analysis, 2023-2030

Global Video Surveillance-as-a-Service Market is valued at approximately USD 3.69 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.8% during the forecast period 2023-2030. Video Surveillance-as-a-Service Video Surveillance-as-a-Service (VSaaS) is a cloud-based service that provides remote video monitoring and management capabilities to individuals, businesses, or organizations. Instead of hosting video surveillance infrastructure on-premises, users can leverage the cloud to store, manage, and access their video footage. The Video Surveillance-as-a-Service market is expanding because of factors such as the increasing penetration of cloud computing and the rising number of Smart City projects. As a result, the demand for Video Surveillance-as-a-Service has progressively increased in the international market during the forecast period 2023-2030.

Cloud-based Video Surveillance-as-a-Service solutions offer scalability that allows businesses to easily expand or reduce their surveillance infrastructure based on changing needs. This flexibility is particularly beneficial for growing businesses or those with fluctuating surveillance requirements. According to Statista, investment in cloud infrastructure services by enterprises reached a substantial USD 64 billion in the first quarter of 2023. This marked a consistent upward trend in quarter-over-quarter sales, surpassing the significant milestone of USD 50 billion in 2021. Another important factor that drives the Video Surveillance-as-a-Service Market is the increasing number of Smart City projects. Smart City projects typically involve the integration of various technologies and systems, including video surveillance, IoT devices, and data analytics. Video Surveillance-as-a-Service can seamlessly integrate with other smart city components, creating a cohesive and interconnected ecosystem. In addition, as per Statista, the global Smart Cities market is anticipated to reach USD 104.80 billion by the year-end of 2024. On a global scale, the United States is anticipated to lead the global Smart Cities Market, with a projected value of USD 12.74 billion by the year-end 2024. Moreover, the growing demand for IoT devices and technological advancement in video analytics are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with Video Surveillance-as-a-Service and the threat of surveillance data breaches are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Video Surveillance-as-a-Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the widespread adoption of cloud computing, the increasing embrace of omnichannel strategies, and the surging demand for analytics and insights across various industries are contributing factors in the region. Cloud-based Video Surveillance services eliminate the need for organizations to invest heavily in on-premises infrastructure. This cost-effective approach allows businesses to leverage video surveillance capabilities without the burden of upfront hardware expenses. The region’s dominant performance is anticipated to propel the overall demand for Video Surveillance-as-a-Service. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as growing demand for cloud-based services from small and medium-sized enterprises in the region. Cloud-based VSaaS offers SMEs access to advanced features such as video analytics, AI-powered insights, and real-time monitoring. This empowers smaller businesses with tools that are primarily available to larger enterprises.

Major market player included in this report are:
Johnson Controls International PLC
Axis Communications AB
Avigilon Corporation
Alarm.com, Inc
Eagle Eye Networks, Inc
Honeywell International Inc
Securitas AB
Genetec Inc
Neo Solutions, Inc
Cisco Systems, Inc

Recent Developments in the Market:
 In December 2023, Milestone Systems, a prominent video technology provider, launched a camera-to-cloud deployment option within its Milestone Kite Video Surveillance as a Service (VSaaS) software. The Milestone Kite Camera to Cloud solution aims to provide enhanced simplicity and cost-effectiveness for customers. Serving as an alternative or expansion to gateway installations, Camera to Cloud reflects Milestone's commitment to delivering flexible and scalable solutions that cater to evolving customer requirements.

Global Video Surveillance-as-a-Service Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Vertical, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type
Hosted
Managed
Hybrid

By Vertical
Commercial
Industrial
Residential
Government

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Johnson Controls International PLC
Axis Communications AB
Avigilon Corporation
Alarm.com, Inc
Eagle Eye Networks, Inc
Honeywell International Inc
Securitas AB
Genetec Inc
Neo Solutions, Inc
Cisco Systems, Inc

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.