VSaaS Industry worth $10.7 billion by 2029
The report "VSaaS Market by Type (Hosted, Managed, Hybrid), Feature (AI-enabled VSaaS, Non-AI VSaaS), AI Visual Analysis (Object Detection & Recognition, Intrusion Detection, Facial Recognition, Anomaly Detection), Vertical & Region - Global Forecast to 2029" The global VSaaS market is expected to be valued at USD 5.0 billion in 2024 and is projected to reach USD 10.7 billion by 2029; it is expected to grow at a CAGR of 16.1% from 2024 to 2029. The scalability and flexibility offered by VSaaS solutions enable businesses to expand their surveillance systems as needed, making it an attractive option for organizations of all sizes and industries seeking to enhance security and operational efficiency.
Browse 142 market data Tables and 58 Figures spread through 235 Pages and in-depth TOC on "VSaaS Market"
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/video-surveillance-as-a-service-market-773.html
The VSaaS industry for hybrid type will hold the highest CAGR during the forecast period.
The VSaaS industry for hybrid services is experiencing notable growth due to its ability to offer a flexible and customizable approach to video surveillance. Hybrid services combine the benefits of cloud-based and on-premises solutions, allowing businesses to leverage local infrastructure for high-resolution video storage and cloud services for remote access, scalability, and redundancy. This hybrid model addresses businesses' diverse needs and preferences, particularly those with stringent security requirements or limited bandwidth availability. Additionally, hybrid VSaaS solutions offer seamless integration with existing surveillance infrastructure, allowing businesses to modernize their systems gradually while maximizing the value of their investments in legacy equipment.
VSaaS industry for AI-enabled VSaaS to hold the highest CAGR during the forecast period.
The VSaaS industry for AI-enabled VSaaS is experiencing rapid growth due to the transformative impact of artificial intelligence on video surveillance capabilities. AI-powered VSaaS offers advanced features such as real-time object detection, facial recognition, and behavior analysis, enabling businesses to enhance security, optimize operations, and extract valuable insights from video data. Integrating AI algorithms allows for more accurate and efficient detection of threats and anomalies, reducing false alarms and enabling proactive responses to security incidents.
VSaaS industry for object detection & recognition AI visual analysis to hold the highest CAGR during the forecast period.
The VSaaS industry for object detection and recognition is experiencing significant growth due to its ability to enhance security, operational efficiency, and customer experience across various industries. Object detection and recognition technologies leverage advanced algorithms, such as deep learning and computer vision, to accurately identify and classify objects in real-time video streams. This enables businesses to detect and respond to security threats more effectively, whether identifying unauthorized individuals, detecting intrusions, or recognizing suspicious behavior.
VSaaS industry for infrastructure vertical to hold the highest CAGR during the forecast period.
The VSaaS industry for the infrastructure vertical is experiencing notable growth due to several key factors. Firstly, infrastructure assets such as transportation networks, utilities, and critical facilities require robust surveillance solutions to ensure safety, security, and operational efficiency. VSaaS offers infrastructure operators the ability to remotely monitor and manage vast and often remote or hard-to-reach areas, improving incident response times and reducing operational costs. Additionally, as governments and organizations worldwide invest in modernizing and expanding infrastructure, there is a growing emphasis on incorporating smart technologies, including video surveillance, to enhance resilience and sustainability.
VSaaS industry for Asia Pacific to hold the highest CAGR during the forecast period.
The growth of the VSaaS market in the Asia Pacific region is particularly pronounced due to several key factors. Firstly, the region's rapid urbanization and economic development have increased security and surveillance infrastructure investments across various industries. Additionally, the widespread adoption of digital technologies, coupled with advancements in cloud computing and internet connectivity, has made VSaaS more accessible and cost-effective for businesses of all sizes. Furthermore, rising concerns about safety, security, and regulatory compliance drive demand for modern surveillance solutions, including VSaaS, to address evolving security threats and operational challenges.
Top VSaaS industry companies - Key Players
The VSaaS industry includes significant Tier I and II players like ADT (US), Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden), and others. These players have a strong market presence for VSaaS across various North America, Europe, Asia Pacific, and RoW countries.
About MarketsandMarkets™
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the VSaaS Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
