Global Video Surveillance and VSaaS Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz delivers in-depth insights on the global video surveillance and VSaaS market in its upcoming report titled, “Global Video Surveillance and VSaaS Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global video surveillance and VSaaS market is estimated to register a CAGR more than 19% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global video surveillance and VSaaS market report has been segmented on the basis of product, component, application, and region.
This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.
Video surveillance system monitors behavior, activities, or other changing information by using electronic equipment. Video surveillance as a service (VSaaS) is offered with cloud technology and video surveillance devices along with use of multi-mega pixel HD cameras and vast amounts of video surveillance data are being generated.
Increasing number of terrorist attacks and overall security concerns across the globe are the major factors expected to drive growth of the market over the forecast period. In addition, rising adoption of advanced surveillance by various industries, government sectors, and manufacturers, owing to increasing awareness about the benefits of optimum IP surveillance systems such as improved video content analysis, enhanced system health management, and easy video information retrieval are other factors expected to boost growth of the global market over the forecast period. Furthermore, increasing multi-brand retail and infrastructure spending are factors expected to propel growth of this market in the near future. Moreover, increasing demand for storage systems, remote monitoring, improvements in high definition (HD) and megapixel cameras, and cloud services are other factors expected to further fuel growth of the target market over the forecast period.
However, data privacy and safety and lack of technology awareness are major concern expected to restrain growth of the global market, owing to these systems are directly connected to internet.
Ongoing trend observed in the target market is increasing demand for improved storage technologies by various organizations.
Technological advancement and artificial intelligence are expected to create lucrative opportunities for players operating in the target market over the forecast period.
The market in North America is expected to dominate the target market in terms of revenue over the forecast period, owing to technological advancements in security services in various countries in this region. In addition, the market in Asia Pacific is expected to project for healthiest CAGR over the forecast period, owing to increasing construction activities such as smart cities and improved infrastructure in various countries in this region.
Global video surveillance and VSaaS market segmentation:
Segmentation by product:
Segmentation by component:
Segmentation by application:
- Military and defense
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Honeywell Security Group
- Zhejiang Dahua Technology Co. Ltd.
- Pelco, Inc.
- Cisco Systems, Inc.
- Panasonic System Networks Co., Ltd.
- Genetec Inc.
- GeoVision Inc.
- Agent Video Intelligence Ltd.
- Bosch Security Systems, Inc.
- Axis Communications AB
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