Global Video Surveillance as a Service Market
The Global Video Surveillance as a Service Market was valued at USD 1.68 billion in 2016 and is projected to reach USD 10.03 billion by 2025, growing at a CAGR of 21.96% from 2017 to 2025.
Video Surveillance-as-a-Service (VSaaS) is a managed data service that transfers the monitoring and storage of video to the cloud. The service typically includes video recording, storage, remote viewing, management alerts, and cyber security. Benefits of VSaaS include - always on access, remote maintenance, more storage, regular updates, highly scalable, upgradeable, increased stability, cost effective, compact and convenient.
1. Market Drivers
1.1 Flexible scalability offered by VSaaS
1.2 Rising demand for real-time and remote access for video surveillance data
1.3 Rising use of smart devices
1.4 Low initial investment
1.5 Easy integration of VSaaS with access control and alarm systems
2. Market Restraints
2.1 Concerns for data privacy
2.2 Lack of awareness about the benefits of VSaaS
The Global Video Surveillance as a Service Market is segmented on the basis of vertical, type, and region.
1.1 Military and defense
2. By Type:
3. By Region:
3.1 North America (U.S., Canada, Mexico)
3.2 Europe (Germany, UK, France, Rest of Europe)
3.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
3.4 Latin America (Brazil, Argentina, Rest of Latin America)
3.5 Middle East & Africa
The major players in the market are as follows:
2. Genetec Inc.
3. ADT Security Services
6. Pacific Controls
7. Smartvue Corporation
8. Axis Communications AB
10. Honeywell Security Group
11. Cloudastructure Inc.
13. Nest Labs, Inc.
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Global Video Surveillance as a Service Market was performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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