Video Surveillance-as-a-Service Market Analysis

Video Surveillance-as-a-Service Market Analysis

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Based on type, the hosted segment is expected to register at a CAGR of around 13.5% during the forecast period, due to its robust security measures and seamless integration capabilities. Cloud-based hosting ensures data integrity through encryption and reliable backup solutions, enhancing system reliability for businesses. Additionally, hosted VSaaS platforms easily integrate with various security systems, access control, and business intelligence tools. This integration not only bolsters security but also streamlines operations, making it a preferred choice for businesses seeking scalable, secure & seamlessly integrated surveillance solutions.
 

Based on end user, the commercial segment size dominated around USD 1.1 billion in 2022. Partnerships between firms for cloud and AI innovation in surveillance services are propelling the commercial end-user segment growth. Moreover, collaborations between tech companies enhance cloud-based solutions and implement AI algorithms, providing businesses with advanced analytics & efficient security measures.

For instance, in August 2023, Eagle Eye Networks, a cloud video surveillance company, teamed up with a prominent security integration company, ESSCOR to offer cloud video surveillance services. These services provide AI insights, security, cybersecurity assurance, and a positive return on investment for commercial businesses. Furthermore, businesses are also embracing digital transformation, favoring cloud solutions and managed services to enhance their security measures.
 

North America video surveillance-as-a-service market share of over 35% in 2022, owing to rapid technological advancements in the region. The region serves as a focal point for innovation, fostering the development of cutting-edge cloud-based surveillance systems. These systems incorporate features such as artificial intelligence analytics and real-time monitoring, catering to the sophisticated demands of businesses & organizations. The continuous evolution of technology in North America also ensures that VSaaS solutions remain at the forefront, offering advanced capabilities that align with the dynamic security requirements of the market.