Video Surveillance As A Service (VSaaS) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 5.70 Billion |
| Market Size (2029) | USD 11.87 Billion |
| CAGR (2024 - 2029) | 15.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Video Surveillance As A Service (VSaaS) Market Analysis
The Video Surveillance As A Service Market size is estimated at USD 5.70 billion in 2024, and is expected to reach USD 11.87 billion by 2029, at a CAGR of 15.80% during the forecast period (2024-2029).
- The VSaaS market is witnessing a surge driven by heightened security demands, cost efficiencies, technological innovations, and the emergence of smart cities. The infusion of Artificial Intelligence (AI) and Internet of Things (IoT) into VSaaS platforms is amplifying the prowess of video surveillance systems. Features like facial recognition, anomaly detection, and real-time threat identification powered by AI are becoming pivotal market drivers.
- Stringent government regulations and compliance mandates across sectors like retail, transportation, and healthcare are bolstering the VSaaS market. These regulations necessitate monitoring and recording activities for safety, positioning VSaaS as a compliant and cost-effective solution.
- As global security threats escalate, the demand for robust surveillance systems intensifies. This urgency propels the uptake of VSaaS solutions across commercial, industrial, and residential domains. The scalability, ease of deployment, and real-time monitoring capabilities of VSaaS effectively tackle contemporary security challenges.
- Cloud computing has transformed how video surveillance data is stored and managed. With VSaaS, cloud storage of surveillance footage enhances accessibility from any location, boosting flexibility and efficiency. This shift not only curtails the need for costly on-site storage hardware but also streamlines data management.
- As surveillance expands, so do privacy apprehensions. Certain regions impose stringent regulations on the collection, storage, and utilization of video footage. Navigating these compliance challenges can be daunting, leading some businesses to hesitate in adopting VSaaS, wary of legal consequences and potential fines.
- Global supply chain disruptions, notably semiconductor shortages, pose challenges to the availability of surveillance hardware essential for VSaaS. Yet, the increasing dependence on software-centric surveillance services, which demand minimal hardware, may mitigate this challenge.
Video Surveillance As A Service (VSaaS) Market Trends
Commercial Segment is Expected to Witness Remarkable Growth
- Commercial enterprises are increasingly concerned about security threats like theft, vandalism, workplace violence, and data breaches. Given the potential impact of these incidents on revenue and reputation, businesses across various sectors are turning to surveillance systems. These systems aim to protect assets, employees, and customers. Video surveillance as a service (VSaaS) emerges as a cost-effective and flexible solution, enabling businesses to monitor their premises remotely and mitigate potential losses.
- In the retail sector, for instance, theft can lead to substantial financial losses. A report from the National Association for Shoplifting Prevention (NASP) highlights that shoplifting costs U.S. retailers an estimated USD 13 billion annually. Such figures underscore the pressing need for efficient, real-time surveillance systems.
- As security concerns mount, commercial enterprises grapple with heightened regulatory demands related to monitoring and data protection. These regulations often encompass monitoring customer interactions, safeguarding assets, and ensuring employee safety. For instance, the European Union's General Data Protection Regulation (GDPR) imposes stringent security mandates on businesses handling personal data. This underscores the necessity for reliable video surveillance systems that ensure secure data storage and management. With their cloud-based features and robust security protocols, VSaaS solutions simplify compliance with such regulations.
- The adoption of video surveillance as a service (VSaaS) in commercial settings is being propelled by the integration of AI and machine learning into video surveillance solutions. Features powered by AI, including facial recognition, behavior analysis, motion detection, and object detection, are markedly enhancing the efficacy of surveillance systems.
- As remote work becomes more prevalent, businesses seek ways to oversee their premises even in their absence. VSaaS facilitates this by allowing surveillance footage to be monitored remotely from any internet-enabled device. This capability proves invaluable for commercial enterprises with multiple locations or those managing several branches from a central headquarters.
Asia Pacific is Expected to Witness a High Market Growth Rate
- Rapid urbanization is reshaping the Asia Pacific region, with cities expanding and infrastructure projects emerging at an unprecedented pace. This urban growth amplifies the demand for security and surveillance solutions essential for monitoring public spaces, commercial properties, transportation hubs, and residential areas. As urban areas expand, the imperative to ensure public safety, manage traffic, prevent crime, and maintain order in crowded spaces intensifies. Video Surveillance as a Service (VSaaS) solutions, known for their scalability and remote monitoring capabilities, are particularly suited for these urban challenges.
- Concerns over crime, terrorism, and public safety threats are fueling the demand for advanced surveillance systems. Consequently, governments, businesses, and consumers are increasingly turning to video surveillance as a proactive measure against security risks. In nations such as India, China, and Indonesia, incidents ranging from theft and violence to industrial espionage are driving businesses to invest in more reliable and flexible real-time video surveillance systems, notably VSaaS.
- Asian Pacific governments are prioritizing the development of smart cities, necessitating integrated surveillance solutions for safety and efficient management. Video surveillance is pivotal in these smart city ecosystems, influencing areas like traffic management, public safety, and waste management.
- Cloud deployment not only minimizes the need for on-premise storage but also empowers businesses to oversee video surveillance footage from any internet-connected location. This flexibility is especially beneficial for businesses and government entities overseeing extensive networks of surveillance cameras. As part of their smart city initiatives, cities such as Singapore, Seoul, and Hong Kong are rolling out advanced surveillance systems, bolstering the region's VSaaS growth. Singapore's government, under its “Smart Nation” initiative, is harnessing technology, including video surveillance, to enhance urban safety, security, and efficiency.
Video Surveillance As A Service (VSaaS) Industry Overview
The video surveillance as a service (VSaaS) market is highly fragmented, with global and local conglomerates and specialized players operating across various segments. While several large multinational companies dominate specific high-value segments, numerous regional and niche players contribute to the overall competition, making the market highly diverse. This fragmentation is driven by the demand for video surveillance as a service across a wide range of end-user verticals, allowing both large and small companies to coexist and thrive in the market.
Leading companies in the video surveillance as a service (VSaaS) market include ADT Inc., Johnson Controls International Plc, Axis Communications AB, Avigilon, Motorola Solutions Company, Alarm.com, Eagle Eye Networks, Inc., and Others. These companies have established strong brand recognition and extensive global operations, enabling them to command significant market share. Their strengths lie in innovation, broad product portfolios, and strong distribution networks. These leaders often engage in strategic acquisitions and partnerships to maintain their competitive edge and expand their market reach.
Key players in the video surveillance as a service (VSaaS) sector are pouring significant investments into Artificial Intelligence (AI) and Machine Learning (ML) to bolster their surveillance systems' effectiveness. Additionally, several of these players are weaving the Internet of Things (IoT) and edge computing into their video surveillance offerings. This integration facilitates swifter data processing and real-time analytics right at the camera level, thereby minimizing latency and boosting overall efficiency.
Video Surveillance As A Service (VSaaS) Market Leaders
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ADT Inc.
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Johnson Controls International Plc
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Axis Communications AB
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Avigilon
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Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
Video Surveillance As A Service (VSaaS) Market News
- November 2024: Yotta Data Services has unveiled Drishticam, a cutting-edge, AI-driven, cloud-based surveillance and video management platform. Leveraging Videonetics' software, Drishticam caters to enterprise surveillance needs. With its advanced algorithms, computer vision, and machine learning capabilities, the platform ensures precise monitoring and analysis. Drishticam excels in real-time threat detection, significantly boosting the accuracy of risk identification.
- June 2024: Milestone Systems unveiled Milestone Kite, a cloud-based Video Surveillance as a Service (VSaaS) software. This scalable application boasts compatibility with over 25,000 devices and offers global accessibility. With its straightforward installation and minimal infrastructure needs, Milestone Kite empowers businesses to streamline their security management, allowing them to concentrate on core operations.
Video Surveillance As A Service (VSaaS) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Threat of New Entrants
4.2.2 Bargaining Power of Buyers/Consumers
4.2.3 Bargaining Power of Suppliers
4.2.4 Threat of Substitute Products
4.2.5 Intensity of Competitive Rivalry
4.3 Impact of COVID-19 Aftereffects and Other Macroeconomic Factors on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increased Adoption of AI and IoT in Surveillance
5.1.2 Increasing Security Concerns
5.2 Market Restraints
5.2.1 Inflation and Cost of Technology
6. MARKET SEGMENTATION
6.1 By Deployment
6.1.1 Hosted
6.1.2 Managed
6.1.3 Hybrid
6.2 By Vertical
6.2.1 Commercial
6.2.2 Industrial
6.2.3 Residential
6.2.4 Infrastructure
6.2.5 Public Facilities & Government
6.2.6 Defense and Military
6.3 By Geography***
6.3.1 North America
6.3.2 Europe
6.3.3 Asia
6.3.4 Australia and New Zealand
6.3.5 Middle East and Africa
6.3.6 Latin America
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 ADT Inc.
7.1.2 Johnson Controls International Plc
7.1.3 Axis Communications AB
7.1.4 Avigilon
7.1.5 A Motorola Solutions Company
7.1.6 Alarm.com
7.1.7 Eagle Eye Networks, Inc.
7.1.8 Honeywell International Inc.
7.1.9 Securitas AB
7.1.10 Genetec Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OUTLOOK OF THE MARKET
Video Surveillance As A Service (VSaaS) Industry Segmentation
Video Surveillance as a Service (VSaaS) is a cloud-based solution enabling users to remotely access, store, and manage surveillance footage over the internet, moving away from traditional on-premise hardware. This service integrates video cameras, cloud storage, and management software, all accessible via web portals or mobile apps.
The study tracks the revenue accrued through the sale of video surveillance as a service (VSaaS) by various players across the globe. It also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The video surveillance as a service (VSaaS) market is segmented by deployment (hosted, managed, and hybrid), vertical (commercial, industrial, residential, infrastructure, public facilities & government, and defense and military), and geography (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America). The market sizes and forecasts regarding value (USD) for all the above segments are provided.
| By Deployment | |
| Hosted | |
| Managed | |
| Hybrid |
| By Vertical | |
| Commercial | |
| Industrial | |
| Residential | |
| Infrastructure | |
| Public Facilities & Government | |
| Defense and Military |
| By Geography*** | |
| North America | |
| Europe | |
| Asia | |
| Australia and New Zealand | |
| Middle East and Africa | |
| Latin America |
Video Surveillance As A Service (VSaaS) Market Research FAQs
How big is the Video Surveillance As A Service Market?
The Video Surveillance As A Service Market size is expected to reach USD 5.70 billion in 2024 and grow at a CAGR of 15.80% to reach USD 11.87 billion by 2029.
What is the current Video Surveillance As A Service Market size?
In 2024, the Video Surveillance As A Service Market size is expected to reach USD 5.70 billion.
Who are the key players in Video Surveillance As A Service Market?
ADT Inc., Johnson Controls International Plc, Axis Communications AB, Avigilon and Honeywell International Inc. are the major companies operating in the Video Surveillance As A Service Market.
Which is the fastest growing region in Video Surveillance As A Service Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Video Surveillance As A Service Market?
In 2024, the North America accounts for the largest market share in Video Surveillance As A Service Market.
What years does this Video Surveillance As A Service Market cover, and what was the market size in 2023?
In 2023, the Video Surveillance As A Service Market size was estimated at USD 4.80 billion. The report covers the Video Surveillance As A Service Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Video Surveillance As A Service Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Video Surveillance As A Service (VSaaS) Industry Report
Statistics for the 2024 Video Surveillance As A Service (VSaaS) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Video Surveillance As A Service (VSaaS) analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
