Video Surveillance-as-a-Service Market Size - By Type (Hosted, Managed, Hybrid), Organization Size (SMEs, Large Enterprises), Application (Security, Monitoring & Management, Smart City & IoT, Industrial & Critical Infrastructure), End User, Forecast, 2023

Video Surveillance-as-a-Service Market Size - By Type (Hosted, Managed, Hybrid), Organization Size (SMEs, Large Enterprises), Application (Security, Monitoring & Management, Smart City & IoT, Industrial & Critical Infrastructure), End User, Forecast, 2023-2032

Global Video Surveillance-as-a-Service Market will witness over 14.5% CAGR between 2023 and 2032, driven by heightened recognition and appreciation for industry players. Companies are increasingly valued for their innovative offerings, providing seamless, cloud-based surveillance solutions.

For instance, in March 2023, Motorola Solutions secured the title of Leader in the IDC MarketScape’s Worldwide Video Security as a Service (VSaaS) Vendor Assessment. Acknowledged as one of the most extensive evaluations of VSaaS providers, the IDC MarketScape applauded Motorola Solutions for its robust video security offerings, encompassing cloud-native, on-premise, and hybrid VSaaS capabilities. This surge in demand stems from a growing emphasis on security, remote monitoring, and scalability. As businesses and individuals prioritize safety, the convenience and efficiency of VSaaS solutions are becoming indispensable. The market expansion mirrors the industry's ability to cater to evolving security needs, propelling a greater reliance on surveillance-as-a-service models.

The overall Video Surveillance-as-a-Service Market share is classified based on type, application, and region.

Managed segment will undergo significant development from 2023 to 2032. The integration of RTVA within VSaaS solutions enhances security by enabling real-time monitoring and analysis. This sophisticated technology detects anomalies, ensuring proactive threat mitigation. Businesses prioritize managed RTVA as it offers a cost-effective, efficient approach to bolstering security measures. The growing reliance on these managed services signifies a shift towards smarter data-driven surveillance strategies, meeting the evolving needs for heightened security and proactive threat management.

Video surveillance-as-a-service market size from the monitoring and management segment will register a noteworthy CAGR from 2023 to 2032. Advanced VSaaS solutions offer centralized control, real-time monitoring, and streamlined management of surveillance systems. Businesses prioritize these services for their ability to ensure comprehensive security, operational efficiency, and remote access. The demand surge stems from the necessity to monitor diverse environments effectively while enabling seamless management from any location. VSaaS solutions cater to the evolving needs for efficient, scalable, and remotely accessible surveillance, driving their increasing adoption.

Europe video surveillance-as-a-service industry will showcase a commendable CAGR from 2023 to 2032. European nations prioritize safety, promoting VSaaS adoption through robust regulations and increased awareness. Cloud-based surveillance solutions offer scalable, cost-effective options that align with diverse security needs across industries.

With a focus on data protection and remote monitoring, VSaaS caters to the continent's evolving security landscape. The market expansion mirrors Europe's commitment to innovative surveillance technologies, ensuring safer environments and efficient monitoring systems. For instance, in October 2023, Milestone Systems, a video technology provider from Copenhagen, Denmark, unveiled plans for a fresh camera-to-cloud deployment feature within its Milestone Kite video surveillance as a service (VSaaS) software. Termed Milestone Kite Camera to Cloud, this upcoming option is set to deliver heightened simplicity and cost-effectiveness, aiming to provide customers with enhanced service levels.