Global VSaaS Market Size, Share & Industry Trends Analysis Report By Vertical (Commercial, Infrastructure, Residential, Military & Defense, Public Facilities, and Industrial), By Type, By Regional Outlook and Forecast, 2022 – 2028

Global VSaaS Market Size, Share & Industry Trends Analysis Report By Vertical (Commercial, Infrastructure, Residential, Military & Defense, Public Facilities, and Industrial), By Type, By Regional Outlook and Forecast, 2022 – 2028

The Global VSaaS Market size is expected to reach $8.6 billion by 2028, rising at a market growth of 18.2% CAGR during the forecast period.

VSaaS is a cloud-based surveillance service which allows users to operate video surveillance devices remotely for a more inventive and scalable security solution. Secure remote monitoring features, real-time updates, a substantially reduced footprint, and full control of surveillance data on a unified platform are all advantages of VSaaS over conventional on-premise Video Management Systems (VMSs).

Businesses can reimagine their surveillance systems using VSaaS without having to worry about unexpected maintenance costs or pricey system changes. The analytics and machine-learning algorithms in VSaaS are powered by the newly updated artificial intelligence technologies, providing important insights and actionable feedback for the organization. Furthermore, VSaaS is a far more cheap solution than conventional on-premise VMSs because to fewer hardware and software needs, lower energy consumption, and complete system scalability.

Numerous commercially hosted Video Management Systems employ an on-site appliance that enables users to connect and record a variety of current third-party cameras. Such open VSaaS providers provide customers the freedom to choose from a variety of hardware vendors or just use current surveillance hardware to create a security solution that meets corporate needs and budget. Although, some VSaaS providers only provide closed video access through proprietary gear, necessitating the replacement of any current video surveillance hardware in order to switch to this service model.

To mitigate the cost of financing a completely different system, these VSaaS providers would frequently provide to rebuild the entire system at a lesser cost. While the low initial cost of such plans may appear tempting, they might be overly restrictive and provide little to no flexibility in terms of hardware selections that best meet business needs. In many circumstances, whatever money saved initially on these services is wasted tenfold over time.

COVID-19 Impact

This is owing to supply chain interruptions and cross-border trade restrictions, which have caused delays in the delivery of hardware components, primarily cameras, especially from China. Due to the limited operations of companies or facilities, COVID-19 spread to a variety of industries, including automotive, electronics, and hospitality. In addition, many governments postponed new infrastructure projects, which had a negative impact on the security equipment and software (including VSaaS) market in 2020. The market has begun to recover, and demand for select products from sectors like healthcare, smart cities, retail, and public facilities has recovered, as video surveillance systems are critical in combating COVID-19.

Market Growing Factors

Rising demand for real-time surveillance data

One of the primary drivers of VSaaS market growth is the growing demand for actual surveillance data throughout commercial and infrastructure sectors. End customers such as retail establishments, manufacturing sites, corporations, warehouses, and banks need real-time remote monitoring on every device at any time to notice unexpected events on their premises due to security concerns and technological improvements. Users with different business locations also require real-time and remote access to surveillance data in order to keep an eye on the location from afar.

Growing utilization of smart gadgets along with increasing investments in IT infrastructure

The growing prevalence of do-it-yourself (DIY) video surveillance for home security, along with the increasing use of smart devices, is providing attractive potential for VSaaS service providers in the market. Smartphone prevalence has increased in recent years in China, the United States, the United Kingdom, India, and Japan, owing to lower prices, technological breakthroughs, and enhanced usefulness. The growing use of smart devices has opened up new prospects for VSaaS providers. By providing VSaaS compatible with various devices, service providers can expand their market share. Over the years, global infrastructure investments have increased.

Market Restraining Factors

Strict government rules about privacy and data security

The Federal Information Security Management Act (FISMA) in the United States and the General Data Protection Regulation (GDPR) in Europe have been enacted in response to growing privacy and security concerns. These rules are being imposed on VSaaS providers in order to prevent the misuse of a user's personal data, particularly in the area of face recognition technology. Furthermore, as IT companies become more aware of the dangers of personal data bridges, they are becoming more cautious when picking a VSaaS solution. Along with that, governments are widely investing in strengthening the security systems across the world due to the rising incidents like terrorist attacks.

Vertical Outlook

Based on Vertical, the market is segmented into Commercial, Infrastructure, Residential, Military & Defense, Public Facilities, and Industrial. Infrastructure segment recorded a substantial revenue share in the VSaaS market in 2021. The market is predicted to develop due to rising demand for VSaaS solutions in the public spaces, transportation, and municipal surveillance segments. New prospects for VSaaS providers will arise as a result of favourable government initiatives to establish smart city projects. Several countries, including China, India, and South Korea, are heavily investing in the development of smart cities.

Type Outlook

Based on Type, the market is segmented into Hosted, Managed, and Hybrid. Hosted VSaaS segment acquired the largest revenue share in the VSaaS market in 2021. The significant market share can be attributed to rising VSaaS use in the residential, SMB, and retail sectors, as well as increased smart city penetration in various regions. Furthermore, as fast internet speed is one of the essential criteria of service providers and customers, growing smartphone penetration, commercialization of 5G services, and affordability of high Internet are assisting the market for hosted VSaaS to expand.

Regional Outlook

Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. North America emerged as a leading region in the VSaaS market with the maximum revenue share in 2021. The governments of North America, particularly the United States, have made a number of steps to establish sophisticated surveillance systems in public spaces and official buildings. The government is also putting a lot of effort into increasing the adoption of VSaaS solutions in the defense and infrastructure sectors.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Johnson Controls International PLC, Honeywell International, Inc., Robert Bosch GmbH, Axis Communications AB (Canon, Inc.), Comcast Corporation, Arlo Technologies, Inc., Vivint Smart Home, Inc., ADT, Inc. (Apollo Global Management, Inc.), Genetec, Inc., and Pacific Controls Systems.

Strategies deployed in VSaaS Market

Partnerships, Collaborations and Agreement:

Jan-2022: Axis Communications came into a partnership with Wasabi Technologies, the hot cloud storage company. This partnership aimed to provide cloud storage for AXIS Camera Station (ACS) VMS. This advanced solution would integrate the strength of Axis’ top video technology and Wasabi’s unlimited scalability and disruptively low, low cost to assist companies to optimize their advanced video surveillance implementations and more efficiently operate in developing high-definition environments and longer retention periods.

Oct-2021: Genetec teamed up with TELUS, a Canadian national telecommunications company. This collaboration aimed to streamline video surveillance for small and medium-sized businesses in Canada via the flexibility and cost-efficiency of the cloud.

Product Launches and Product Expansions:

Nov-2022: Bosch launched INTEOX, a new camera platform. This platform of its kind, INTEOX provides customers, system integrators, and application developers unprecedented freedom for innovation and personalization. This platform would pave the way for future solutions due to an open platform that integrates built-in Intelligent Video Analytics from Bosch. In addition, the INTEOX platform would empower a comprehensive line-up of MIC, FLEXIDOME, AUTODOME, and DINION fixed and moving cameras that would support by an open IoT infrastructure.

May-2022: Bosch expanded the Inteox open camera portfolio by launching two fixed cameras: The Flexidome and Dinion inteox 7100i IR cameras. The cameras provide a menu of video analytics, built-in infrared illumination, 4K resolution, and durable housing to execute in rugged environments to fulfill different customer needs around the clock.

Mar-2022: Comcast Technology Solutions introduced a new service, Video Artificial Intelligence (VideoAI), for customers around the world. VideoAI is a software-as-a-service (SaaS), which would assist enterprises to understand and evaluate video (live and on-demand), audio, and closed captions to develop actionable metadata across content assets, generate and maintain new content, enhance advertising effectiveness, and simplify operations.

Nov-2021: Johnson Controls launched six new additions to the Cloudvue camera portfolio. Through this launch, Johnson Controls would provide customers with one of the most robust portfolios of cloud-enabled cameras, which are in high demand.

Apr-2021: Axis Communications launched all-in-one access control and video management, AXIS Camera Station Secure Entry. This latest capability would make sure trouble-free management of a site by offering video-verified access control. Along with access control management and live video monitoring, the latest & improved software provide secure access to door control logs and connects them to video recordings for simpler and more efficient incident investigation.

Nov-2020: Axis Communications unveiled AXIS Q6100-E, a high-resolution multidirectional camera. This camera is developed for operation with any AXIS Q61 PTZ Network Camera. In addition, this camera would enable total situational awareness in huge open spaces or narrow streets and zoomed-in details with the PTZ camera. Providing 360° overviews in 20 MP resolution, this camera is developed for use with any PTZ camera in AXIS Q61 Series to deliver one-click PTZ control for all the details.

Acquisitions and Mergers:

Apr-2022: Johnson Controls completed the acquisition of Security Enhancement Systems (SES), a provider of mobile-based, keyless access control solutions. Under this acquisition, SES's technology would enable to own the overall experience of secure and comprehensive access to remote sites and important infrastructure by service providers.

Apr-2018: Johnson Controls took over Smartvue, a leading IoT and video provider. This acquisition aimed to improve Johnson Controls’ portfolio of an end-to-end, smart cloud-based solution, which would offer superior business data and intelligence to customers and add value to partners.

Scope of the Study

Market Segments covered in the Report:

By Vertical

  • Commercial
  • Infrastructure
  • Residential
  • Military & Defense
  • Public Facilities
  • Industrial
By Type
  • Hosted
  • Managed
  • Hybrid
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • Johnson Controls International PLC
  • Honeywell International, Inc.
  • Robert Bosch GmbH
  • Axis Communications AB (Canon, Inc.)
  • Comcast Corporation
  • Arlo Technologies, Inc.
  • Vivint Smart Home, Inc.
  • ADT, Inc. (Apollo Global Management, Inc.)
  • Genetec, Inc.
  • Pacific Controls Systems
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global VSaaS Market, by Vertical
1.4.2 Global VSaaS Market, by Type
1.4.3 Global VSaaS Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 Market Share Analysis, 2021
3.2 Strategies deployed in VSaaS Market
Chapter 4. Global VSaaS Market by Vertical
4.1 Global Commercial Market by Region
4.2 Global Infrastructure Market by Region
4.3 Global Residential Market by Region
4.4 Global Military & Defense Market by Region
4.5 Global Public Facilities Market by Region
4.6 Global Industrial Market by Region
Chapter 5. Global VSaaS Market by Type
5.1 Global Hosted Market by Region
5.2 Global Managed Market by Region
5.3 Global Hybrid Market by Region
Chapter 6. Global VSaaS Market by Region
6.1 North America VSaaS Market
6.1.1 North America VSaaS Market by Vertical
6.1.1.1 North America Commercial Market by Country
6.1.1.2 North America Infrastructure Market by Country
6.1.1.3 North America Residential Market by Country
6.1.1.4 North America Military & Defense Market by Country
6.1.1.5 North America Public Facilities Market by Country
6.1.1.6 North America Industrial Market by Country
6.1.2 North America VSaaS Market by Type
6.1.2.1 North America Hosted Market by Country
6.1.2.2 North America Managed Market by Country
6.1.2.3 North America Hybrid Market by Country
6.1.3 North America VSaaS Market by Country
6.1.3.1 US VSaaS Market
6.1.3.1.1 US VSaaS Market by Vertical
6.1.3.1.2 US VSaaS Market by Type
6.1.3.2 Canada VSaaS Market
6.1.3.2.1 Canada VSaaS Market by Vertical
6.1.3.2.2 Canada VSaaS Market by Type
6.1.3.3 Mexico VSaaS Market
6.1.3.3.1 Mexico VSaaS Market by Vertical
6.1.3.3.2 Mexico VSaaS Market by Type
6.1.3.4 Rest of North America VSaaS Market
6.1.3.4.1 Rest of North America VSaaS Market by Vertical
6.1.3.4.2 Rest of North America VSaaS Market by Type
6.2 Europe VSaaS Market
6.2.1 Europe VSaaS Market by Vertical
6.2.1.1 Europe Commercial Market by Country
6.2.1.2 Europe Infrastructure Market by Country
6.2.1.3 Europe Residential Market by Country
6.2.1.4 Europe Military & Defense Market by Country
6.2.1.5 Europe Public Facilities Market by Country
6.2.1.6 Europe Industrial Market by Country
6.2.2 Europe VSaaS Market by Type
6.2.2.1 Europe Hosted Market by Country
6.2.2.2 Europe Managed Market by Country
6.2.2.3 Europe Hybrid Market by Country
6.2.3 Europe VSaaS Market by Country
6.2.3.1 Germany VSaaS Market
6.2.3.1.1 Germany VSaaS Market by Vertical
6.2.3.1.2 Germany VSaaS Market by Type
6.2.3.2 UK VSaaS Market
6.2.3.2.1 UK VSaaS Market by Vertical
6.2.3.2.2 UK VSaaS Market by Type
6.2.3.3 France VSaaS Market
6.2.3.3.1 France VSaaS Market by Vertical
6.2.3.3.2 France VSaaS Market by Type
6.2.3.4 Russia VSaaS Market
6.2.3.4.1 Russia VSaaS Market by Vertical
6.2.3.4.2 Russia VSaaS Market by Type
6.2.3.5 Spain VSaaS Market
6.2.3.5.1 Spain VSaaS Market by Vertical
6.2.3.5.2 Spain VSaaS Market by Type
6.2.3.6 Italy VSaaS Market
6.2.3.6.1 Italy VSaaS Market by Vertical
6.2.3.6.2 Italy VSaaS Market by Type
6.2.3.7 Rest of Europe VSaaS Market
6.2.3.7.1 Rest of Europe VSaaS Market by Vertical
6.2.3.7.2 Rest of Europe VSaaS Market by Type
6.3 Asia Pacific VSaaS Market
6.3.1 Asia Pacific VSaaS Market by Vertical
6.3.1.1 Asia Pacific Commercial Market by Country
6.3.1.2 Asia Pacific Infrastructure Market by Country
6.3.1.3 Asia Pacific Residential Market by Country
6.3.1.4 Asia Pacific Military & Defense Market by Country
6.3.1.5 Asia Pacific Public Facilities Market by Country
6.3.1.6 Asia Pacific Industrial Market by Country
6.3.2 Asia Pacific VSaaS Market by Type
6.3.2.1 Asia Pacific Hosted Market by Country
6.3.2.2 Asia Pacific Managed Market by Country
6.3.2.3 Asia Pacific Hybrid Market by Country
6.3.3 Asia Pacific VSaaS Market by Country
6.3.3.1 China VSaaS Market
6.3.3.1.1 China VSaaS Market by Vertical
6.3.3.1.2 China VSaaS Market by Type
6.3.3.2 Japan VSaaS Market
6.3.3.2.1 Japan VSaaS Market by Vertical
6.3.3.2.2 Japan VSaaS Market by Type
6.3.3.3 India VSaaS Market
6.3.3.3.1 India VSaaS Market by Vertical
6.3.3.3.2 India VSaaS Market by Type
6.3.3.4 South Korea VSaaS Market
6.3.3.4.1 South Korea VSaaS Market by Vertical
6.3.3.4.2 South Korea VSaaS Market by Type
6.3.3.5 Singapore VSaaS Market
6.3.3.5.1 Singapore VSaaS Market by Vertical
6.3.3.5.2 Singapore VSaaS Market by Type
6.3.3.6 Malaysia VSaaS Market
6.3.3.6.1 Malaysia VSaaS Market by Vertical
6.3.3.6.2 Malaysia VSaaS Market by Type
6.3.3.7 Rest of Asia Pacific VSaaS Market
6.3.3.7.1 Rest of Asia Pacific VSaaS Market by Vertical
6.3.3.7.2 Rest of Asia Pacific VSaaS Market by Type
6.4 LAMEA VSaaS Market
6.4.1 LAMEA VSaaS Market by Vertical
6.4.1.1 LAMEA Commercial Market by Country
6.4.1.2 LAMEA Infrastructure Market by Country
6.4.1.3 LAMEA Residential Market by Country
6.4.1.4 LAMEA Military & Defense Market by Country
6.4.1.5 LAMEA Public Facilities Market by Country
6.4.1.6 LAMEA Industrial Market by Country
6.4.2 LAMEA VSaaS Market by Type
6.4.2.1 LAMEA Hosted Market by Country
6.4.2.2 LAMEA Managed Market by Country
6.4.2.3 LAMEA Hybrid Market by Country
6.4.3 LAMEA VSaaS Market by Country
6.4.3.1 Brazil VSaaS Market
6.4.3.1.1 Brazil VSaaS Market by Vertical
6.4.3.1.2 Brazil VSaaS Market by Type
6.4.3.2 Argentina VSaaS Market
6.4.3.2.1 Argentina VSaaS Market by Vertical
6.4.3.2.2 Argentina VSaaS Market by Type
6.4.3.3 UAE VSaaS Market
6.4.3.3.1 UAE VSaaS Market by Vertical
6.4.3.3.2 UAE VSaaS Market by Type
6.4.3.4 Saudi Arabia VSaaS Market
6.4.3.4.1 Saudi Arabia VSaaS Market by Vertical
6.4.3.4.2 Saudi Arabia VSaaS Market by Type
6.4.3.5 South Africa VSaaS Market
6.4.3.5.1 South Africa VSaaS Market by Vertical
6.4.3.5.2 South Africa VSaaS Market by Type
6.4.3.6 Nigeria VSaaS Market
6.4.3.6.1 Nigeria VSaaS Market by Vertical
6.4.3.6.2 Nigeria VSaaS Market by Type
6.4.3.7 Rest of LAMEA VSaaS Market
6.4.3.7.1 Rest of LAMEA VSaaS Market by Vertical
6.4.3.7.2 Rest of LAMEA VSaaS Market by Type
Chapter 7. Company Profiles
7.1 Johnson Controls International PLC
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Honeywell International, Inc.
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 SWOT Analysis
7.3 Robert Bosch GmbH
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Axis Communications AB (Canon, Inc.)
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Partnerships, Collaborations, and Agreements:
7.5 Comcast Corporation
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.6 Arlo Technologies, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Regional Analysis
7.6.4 Research & Development Expense
7.7 Vivint Smart Home, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.8 ADT, Inc. (Apollo Global Management, Inc.)
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Regional Analysis
7.9 Genetec, Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Partnerships, Collaborations, and Agreements:
7.10. Pacific Controls Systems
7.10.1 Company Overview

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