Latest News- Video Surveillance As A Service (VSaaS) Market: Hosted is expected to lead the Solution segment during 2025-2029

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. The video surveillance market has experienced significant evolution with the integration of Artificial Intelligence (AI) technology. AI brings intelligent automation to video surveillance, enabling the analysis of vast amounts of data to generate valuable insights in real time. Movidius, a leading technology company, utilizes AI and deep learning to make video surveillance more proactive. Through partnerships with Hangzhou Hikvision Digital Technology and Dahua Technology, Movidius aims to increase the adoption of AI-based video surveillance. By offering superior facial, faceless, behavioral, and object detection capabilities, AI can mitigate human errors and enhance overall surveillance effectiveness during the forecast period. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Solution
  • Hosted
  • Managed
  • Hybrid
• End-user
  • Commercial
  • Industrial
  • Residential
• Technology
  • IP-based surveillance
  • Analog surveillance
• Deployment
  • Cloud based
  • On-premises
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in urbanization and infrastructure development
• Suitability of video surveillance for smart cities
• Ease of accessibility and remote monitoring

However, the market also witnesses some limitations, which are as follows:

• Rising privacy and security concerns
• Slow internet speed
• Security of surveillance data

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Market Scope in Video Surveillance As A Service (VSaaS) Market Research Report

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Research Analysis Overview

The Video Surveillance as a Service (VSaaS) market encompasses solutions that offer 'video recording' and 'playback' capabilities, along with 'event recording' and 'time-lapse recording' for monitoring and analysis. 'Video archiving' ensures the retention of 'video evidence' for 'video forensics' and 'behavior analysis' using AI-driven technologies like 'object detection', 'people counting', 'crowd management', and 'heat mapping'. 'Business intelligence' and 'predictive analytics' enhance 'operational efficiency' and 'staff management', while 'customer experience', 'security awareness', and 'cybersecurity threats' are addressed through 'physical security', 'perimeter security', and 'building security' solutions. Advanced features include 'AI-powered surveillance', 'machine learning', 'deep learning', 'computer vision', 'image processing', 'edge computing', '5G connectivity', 'cloud migration', 'managed security services', and 'security consulting'. The market also confronts challenges such as 'ransomware attacks' and 'data breaches'.

Market Research Overview

The Video Surveillance as a Service (VSaaS) market is a segment of the expansive IT services industry, specifically focusing on cloud-based video surveillance solutions. VSaaS providers offer remote monitoring, live video streaming, and advanced video analytics as part of their comprehensive services. These offerings enable businesses to enhance security and operational efficiency without the need for on-premises infrastructure. The VSaaS market falls under the broader umbrella of the global Internet services and infrastructure market, which encompasses companies providing hosting, data center, cloud networking and storage infrastructure, IT security, and cloud computing services. The market size is determined by the combined revenue generated by these entities.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
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