Video Surveillance And VSaaS Market Size, Share & Trends Analysis Report By Type (Analog Video Surveillance, IP Video Surveillance), By Vertical (Commercial, Industrial, Residential), By Region, And Segment Forecasts, 2024 - 2030

Video Surveillance And VSaaS Market Size, Share & Trends Analysis Report By Type (Analog Video Surveillance, IP Video Surveillance), By Vertical (Commercial, Industrial, Residential), By Region, And Segment Forecasts, 2024 - 2030

Video Surveillance & VSaaS Market Growth & Trends

The global video surveillance & VSaaS market size is expected to reach USD 148.68 billion by 2030, registering to grow at a CAGR of 12.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market. Increased demand for traffic surveillance and intrusion detection is also expected to propel market growth over the next six years.

Technological advancement has led to the development of improved surveillance cameras and related devices. Declining IT costs and centralized data management are expected to positively impact the video surveillance & VSaaS market. Privacy concerns associated with public surveillance may restrain the market growth. Implementing big data analytics solutions is expected to provide viable growth opportunities to companies operating in the market. Mobile video surveillance allows real-time data viewing, which presents growth potential to the video surveillance market.

Video Surveillance & VSaaS Market Report Highlights

• The IP video surveillance systems segment accounted for the largest revenue share in 2023. Customers' requirements for superior image quality, higher scalability, and flexibility drive the demand for IP video surveillance systems.
• The commercial segment accounted for the largest market share in 2023 due to increasing theft, unauthorized access, vandalism, and employee misconduct, and security risk in retail stores, banks, corporations, & other industries. Video surveillance serves as a preventive measure and aids in the examination of incidents.
• North America video surveillance and VSaaS market was identified as a lucrative region in 2023. The early adoption of new technologies, rising security concerns, and the presence of major market players in this region are driving the market growth.

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