Home > Media & Technology > Security and Surveillance > IT Security > Video Surveillance-as-a-Service Market

Video Surveillance-as-a-Service Market Trends

Report ID: GMI7318
Published Date: Nov 2023
Report Format: PDF

Download Free Sample

Video Surveillance-as-a-Service Market Trends

The escalating demand for adaptable and scalable solutions is fueling substantial growth in the video surveillance-as-a-service industry. Businesses are gradually seeking flexible surveillance options that can expand or contract based on evolving needs. For instance, in October 2023, Milestone Systems, a video technology provider, revealed plans for an upcoming feature in its Milestone Kite VSaaS software, a new camera-to-cloud deployment option. This innovation aligns with Milestone’s commitment to adaptable and scalable solutions, catering to changing requirements in the surveillance industry. VSaaS addresses this demand by offering easily adjustable camera deployments and scalable cloud-based storage.

The demand for real-time analytics is driving the adoption of video surveillance-as-a-service market. Businesses are increasingly relying on VSaaS solutions with advanced video analytics capabilities to gain actionable insights from surveillance data. These insights empower organizations to enhance operational efficiency, understand customer behavior, and make data-driven decisions. Real-time analytics enable businesses to respond promptly to security incidents, optimize workflows & improve overall productivity, making VSaaS an essential tool for businesses looking to leverage valuable insights from their surveillance systems.

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of video surveillance-as-a-service reached USD 3.5 billion in 2022 and may record over 14.5% CAGR between 2023 and 2032, due to the increasing investments in video surveillance system companies worldwide.

The commercial end user segment exceeded USD 1.1 billion in 2022, owing to rising collaborations between tech companies to enhance cloud-based solutions and implement AI algorithms.

North America held over 35% of the market share in 2022, attributed to the rapid technological advancements in the region.

Some of the major video surveillance-as-a-service companies include Axis Communications, Dahua, Eagle Eye Networks, Genetec, Hikvision, Ivideon, Mobotix, Nest (by Google), Netgear (Arlo), Verkada, and VIVOTEK.