Global Video Surveillance as a Service Market Size Was Valued at USD 3.87 Billion In 2022 And Is Projected to Reach USD 12.35 Billion By 2030, Growing at A CAGR of 15.6% From 2023 To 2030.
Video Surveillance as a Service is also referred to as hosted or managed video surveillance and this surveillance is used through cloud-based solutions. The acceptance of cloud-based services is rapidly increased by users in the surveillance industry. The video surveillance solution includes a complex ecosystem that consists of cameras, software, storage, and miscellaneous hardware and services. This service includes video recording, storage, management alert, remote viewing, and cyber security.
Top Key Players Covered in The Video Surveillance as a Service Market
Bosch Security Systems (Germany),Brivo Inc (U.S.),Hangzhou Hikvision Digital Technology Co. Ltd (China),Cisco Systems Inc. (U.S.),Honeywell International Inc. (U.S.),Cloudastructure Inc (U.S.),Genetec (Canada),Neo Solutions Inc (U.S.)
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With In-Depth examination of several affecting internal and external factors such as supply and sales channels, including upstream and downstream fundamentals, this report presents a complete analysis on the Video Surveillance as a Service market ecosystem. To ensure the utmost accuracy and reliability, we draw upon numerous primary and secondary sources. Employing industry-standard tools such as Porter’s Five Forces Analysis, SWOT Analysis, and Price Trend Analysis, our research provides a comprehensive evaluation of the market segments and market landscape. This research study goes beyond conventional boundaries with extensive geographical coverage, allowing for a comprehensive understanding of regional trends.
Market Dynamics And Factors Of The Video Surveillance as a Service Market
Growing Demand for Real-Time Surveillance Data
Stringent Government Regulations Regarding Data Security and Privacy
Opportunity in Growing Use of Smart Devices
Lack of Knowledge About the Benefits of VSaaS Services
Global Video Surveillance as a Service Market Based On Below Mentioned Segments:
- Military & Defense
Geographic Segment Covered in the Report
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
- Asia-Pacific (China, India, Japan, Southeast Asia, Rest of APAC)
- Middle East & Africa (GCC Countries, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
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COVID-19 Impact On The Video Surveillance as a Service Market
The recent outbreak of coronavirus has proven to be a bane for the market. The pandemic has led to the suspension of business activity on account of the coronavirus pandemic and has resulted in disruptions in global supply chains, border restrictions, and travel restrictions by government bodies. Mandatory containment measures and health safety compliances have put huge pressure on remote operations across a wide array of industry verticals which further derailed the market growth rate.
Video Surveillance as a Service Market Highlights
- Detailed information on factors that will assist Video Surveillance as a Service market growth during the next five years
- Estimation of the Video Surveillance as a Service market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behaviour
- The growth of the Video Surveillance as a Service market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of Video Surveillance as a Service market vendors
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