The Video Surveillance As A Service (Vsaas) Market is being driven by Rise in urbanization and infrastructure development
The Video Surveillance As A Service (Vsaas) Market is expected to grow at a CAGR of 26.5% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 11394.1 million. In the business world, Video Surveillance as a Service (VSaaS) market is experiencing a significant transformation due to the integration of Artificial Intelligence (AI) technology. AI brings advanced automation to video surveillance systems, enabling the analysis of vast amounts of data to generate insightful information. This technology can accurately analyze live video streams in real time with minimal human intervention. For instance, Intel's Movidius utilizes AI and deep learning to make video surveillance more proactive by detecting unattended objects and monitoring behavior. Movidius' strategic partnerships with industry leaders, such as Hangzhou Hikvision Digital Technology and Dahua Technology, will bolster the adoption of AI-based video surveillance during the forecast period. AI's ability to compensate for human errors by offering superior facial, faceless, behavioral, and object detection standards makes it an indispensable tool for businesses seeking enhanced security solutions.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
234 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 26.5% |
Market growth 2025-2029 |
USD 11394.1 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
20.6 |
Key countries |
US, China, Germany, Canada, Japan, UK, India, France, South Korea, and Brazil |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Video Surveillance as a Service (VSaaS) market encompasses solutions that offer functionalities such as video recording, playback, event recording, time-lapse recording, video archiving, and video evidence. Additionally, advanced features like video forensics, object detection, behavior analysis, people counting, crowd management, heat mapping, business intelligence, predictive analytics, operational efficiency, staff management, customer experience, security awareness, cybersecurity threats, ransomware attacks, data breaches, physical security, perimeter security, building security, home security, and smart home security are included. Leveraging AI-powered surveillance through machine learning, deep learning, computer vision, image processing, edge computing, 5G connectivity, cloud migration, managed security services, and security consulting further enhances the capabilities of VSaaS offerings.
The Video Surveillance as a Service (VSaaS) market is a segment of the expansive global Internet services and infrastructure market. This market encompasses businesses delivering cloud-based video surveillance solutions, enabling remote monitoring, live video streaming, and advanced video analytics. VSaaS providers contribute to the larger Internet services and infrastructure sector, which comprises companies offering a range of services and infrastructure for the Internet industry. This includes data centers, cloud networking and storage infrastructure, hosting services, IT security services, and cloud computing services. The size of the global Internet services and infrastructure market is determined by the consolidated revenue generated by all companies engaged in the provision of these various services and infrastructure solutions.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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