A newly released VSaaS Market analysis report by Future Market Insights reveals that global sales of the VSaaS Market in 2021 were held at USD 7.6 Billion. With 9.6% projected growth from 2022 to 2032, the market is expected to reach a valuation of USD 21.1 Billion by 2032. Hosted VSaaS is expected to be the highest revenue-generating category, projected to register a CAGR of 9.1% from 2022 to 2032.
| Attributes | Details |
|---|---|
| Global VSaaS Market Size (2022) | USD 8.5 Billion |
| Global VSaaS Market Size (2032) | USD 21.1 Billion |
| Global VSaaS Market CAGR (2022 to 2032) | 9.6% |
| USA VSaaS Market Size (2032) | USD 7.4 Billion |
| USA VSaaS Market CAGR (2022 to 2032) | 9.3% |
| Key Companies Profiled | Genetec Inc.; D-Link Systems Inc.; GeoVision Inc.; Agent Video Intelligence Ltd.; Pelco Inc.; Robert Bosch GmbH; Axis Communications AB; FLIR Systems Inc.; NETGEAR Inc.; Homeboy Inc.; Canary Connect Inc. |
As per the VSaaS Market research by Future Market Insights - a market research and competitive intelligence provider, historically, from 2015 to 2021, the market value of the VSaaS Market increased at around 10.6% CAGR.
The expanding prevalence of do-it-yourself surveillance footage for home safety, along with the increasing usage of smart devices, is offering significant potential for VSaaS service providers in the market. Smartphone prevalence has increased in recent years in China, the USA, the United Kingdom, India, and Japan, owing to lower prices, technological breakthroughs, and enhanced usefulness. The growing utilization of smart devices has opened up new prospects for VSaaS providers. By providing VSaaS compatible with various devices, service providers are expected to expand their market share. The introduction of innovative Internet protocol digital technologies to identify and prevent undesired behavior such as stealing, robberies, vandalism, and terror acts is predicted to boost the expansion of the video surveillance market.
Axis Communications confirmed the delivery of a standard open-source platform as part of a video authentication initiative, which would bring accessible authentication & video validation capabilities to the video surveillance sector. Axis uses signed video to achieve this approach in its cameras. The open-sourced reference design may be utilized by security camera makers and video software solution suppliers as a simple way to verify the validity of video footage without having accessibility to the camera and operating even when the camera is turned off.
One of the primary drivers of VSaaS market growth is the growing need for actual monitoring data throughout commercial and infrastructural sectors. Users with different company locations also require real-time network connectivity to surveillance data in order to maintain an eye on the location from afar. Smart cities also use systems of sensing devices to collect data and arrange system reactions to issues as they happen, as well as to optimize operations like traffic flow. The growing desire for remote monitoring for monitoring data at any time is allowing the VSaaS industry to expand globally since it provides real-time access to video footage on any device located anywhere.
Neurala, a provider of visual AI software, formed a partnership alongside FLIR Systems Inc. to develop an AI-based industrial image solution that includes both software and hardware. Neurala and FLIR have teamed together to provide businesses wishing to apply deep learning to the production process with a speedier, and more cost-effective entry point. This happened at a time when businesses are looking to AI and automation to help them deal with production restrictions, supply chain interruptions, and sporadic worker availability. Customers may use Neurala's Brain Builder on the VIA network to quickly develop deep neural networks without any data and any AI experience. By using the free FLIR Spinnaker SDK, the models may be instantly attached to a FLIR Firefly DL camera.
The latest Autodome IP starlight 5100i IR motion camera from Bosch does have new 1/1.8-inch sensors with 4-megapixel quality and 30x optical zoom. It has HDR X, starlight technologies, and dual illumination using IR and white lighting to capture photographs that may identify people or things for identification or evidence. When not in use, the camera's built-in artificial intelligence assists operators with object recognition in areas of interest, enhancing safety in city monitoring and perimeter security applications. It is designed for outdoor use and incorporates an automated rain-sensing wiper to keep pictures clear in rainy circumstances. It is weatherproof (IP66) and vandal-resistant (IK10).
During the projected timeframe, the VSaaS market in Asia Pacific is expected to develop at the fastest rate. The growth of smart cities in the region will promote the regional adoption of VSaaS solutions. To improve efficiency, advanced video surveillance systems have been integrated with city management. Yinchuan, China, is an innovative smart city where everything is connected to a uniform system, from buses to trash cans. In China, over 1.65 Million theft offenses were reported in 2020. In China, cameras are typically installed in public settings and are subsidized by the government in order to provide comprehensive video surveillance coverage.
The USA is expected to account for the highest market of USD 7.4 Billion by the end of 2032. The existence of a wide number of camera manufacturers, as well as the relatively inexpensive video surveillance systems, give chances for the VSaaS industry to grow. Government measures to improve safety and infrastructural development in the region are also driving demand for VSaaS.
Eagle Eye LPR is a real cloud-based system that uses artificial intelligence for high accuracy in a variety of challenging circumstances. Eagle Eye LPR is based on common security cameras, making it both inexpensive and useful for today's company owners. Many manufacturers' LPR equipment, including cameras, are supported by Eagle Eye Networks. Eagle Eye Networks uses an open approach that allows clients to make their own decisions. Cameras and other LPR technology will continue to be supported by the Eagle Eye Cloud VMS.
Hosted VSaaS segment is forecasted to grow at the highest CAGR of over 9.1% from 2022 to 2032. An increasing concern amongst users about enhancing security, growing government efforts to promote public security, and continuous improvements in infrastructure, especially transportation hubs, is driving the use of hosted VSaaS. The rise of smart cities as well as the growing relevance of VSaaS for commercial, SMBs, and household applications are further propelling the VSaaS market forward.
In the last several years, hosted VSaaS has seen a substantial improvement in terms of usage. This is owing to the fact that IP camera sales have penetrated the market. The Hosted VSaaS segment's growth is aided by significant causes such as IT controlling costs by large IT firms, the rise of data centers, and better features connected with centralized data.
Wasabi Technologies, a cloud-based business, announced a partnership with Axis Communication, the company in network video, to provide cloud services to AXIS Cameras Stations VMS. This solution combines the power of Axis' business video technology with Wasabi's virtually limitless application performance and disruptively low, dependable cost to assist organizations in optimizing their modern surveillance camera deployments and managing evolving elevated environments and longer storage periods. Efficient network cameras and analytical applications are recording more video than ever before, necessitating a storage capacity expansion. However, many firms struggle to secure the resources and connectivity required to properly and cost-effectively preserve their video.
The Commercial segment is forecasted to grow at the highest CAGR of over 9.1% from 2022 to 2032. In 2021, the commercial vertical held a significant share of the VSaaS demand. The rising usage of VSaaS in warehousing, hospitality centers, banks & financial institutions, companies, malls, and retail outlets is credited with a large market share. The strong adoption is attributed to a growing need for VSaaS services across business sectors to prevent thefts, improve security, and reduce inventory losses.
Among the leading players in the global VSaaS market are ADT Inc, ALARM.COM, Arcules, Arlo Technologies, Avigilon, a Motorola Solutions Company, Axis Communications AB, Bosch Security Systems, LLC, Brivo, Inc., Cisco Systems, Inc., Comcast Corporation, Duranc Inc, Eagle Eye Networks, Inc, and Genetec Inc.
Similarly, recent developments related to companies in VSaaS services have been tracked by the team at Future Market Insights, which are available in the full report.
Table 1: Global Market Value (US$ Million), By Type, 2015 to 2021
Table 2: Global Market Value (US$ Million), By Type, 2022 to 2032
Table 3: Global Market Value (US$ Million), By Vertical, 2015 to 2021
Table 4: Global Market Value (US$ Million), By Vertical, 2022 to 2032
Table 5: Global Market, By Region, 2015 to 2021
Table 6: Global Market, By Region, 2022 to 2032
Table 7: North America Market Value (US$ Million), By Type, 2015 to 2021
Table 8: North America Market Value (US$ Million), By Type, 2022 to 2032
Table 9: North America Market Value (US$ Million), By Vertical, 2015 to 2021
Table 10: North America Market Value (US$ Million), By Vertical, 2022 to 2032
Table 11: North America Market, By Country, 2015 to 2021
Table 12: North America Market, By Country, 2022 to 2032
Table 13: Latin America Market Value (US$ Million), By Type, 2015 to 2021
Table 14: Latin America Market Value (US$ Million), By Type, 2022 to 2032
Table 15: Latin America Market Value (US$ Million), By Vertical, 2015 to 2021
Table 16: Latin America Market Value (US$ Million), By Vertical, 2022 to 2032
Table 17: Latin America Market, By Country, 2015 to 2021
Table 18: Latin America Market, By Country, 2022 to 2032
Table 19: Europe Market Value (US$ Million), By Type, 2015 to 2021
Table 20: Europe Market Value (US$ Million), By Type, 2022 to 2032
Table 21: Europe Market Value (US$ Million), By Vertical, 2015 to 2021
Table 22: Europe Market Value (US$ Million), By Vertical, 2022 to 2032
Table 23: Europe Market, By Country, 2015 to 2021
Table 24: Europe Market, By Country, 2022 to 2032
Table 25: Asia Pacific Market Value (US$ Million), By Type, 2015 to 2021
Table 26: Asia Pacific Market Value (US$ Million), By Type, 2022 to 2032
Table 27: Asia Pacific Market Value (US$ Million), By Vertical, 2015 to 2021
Table 28: Asia Pacific Market Value (US$ Million), By Vertical, 2022 to 2032
Table 29: Asia Pacific Market, By Country, 2015 to 2021
Table 30: Asia Pacific Market, By Country, 2022 to 2032
Table 31: Middle East and Africa Market Value (US$ Million), By Type, 2015 to 2021
Table 32: Middle East and Africa Market Value (US$ Million), By Type, 2022 to 2032
Table 33: Middle East and Africa Market Value (US$ Million), By Vertical, 2015 to 2021
Table 34: Middle East and Africa Market Value (US$ Million), By Vertical, 2022 to 2032
Table 35: Middle East and Africa Market, By Country, 2015 to 2021
Table 36: Middle East and Africa Market, By Country, 2022 to 2032
Table 37: Global Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 38: Global Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 39: Global Market Incremental $ Opportunity, By Region, 2022 to 2032
Table 40: North America Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 41: North America Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 42: North America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 43: Latin America Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 44: Latin America Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 45: Latin America Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 46: Europe Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 47: Europe Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 48: Europe Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 49: Asia Pacific Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 50: Asia Pacific Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 51: Asia Pacific Market Incremental $ Opportunity, By Country, 2022 to 2032
Table 52: Middle East and Africa Market Incremental $ Opportunity, By Type, 2015 to 2021
Table 53: Middle East and Africa Market Incremental $ Opportunity, By Vertical, 2022 to 2032
Table 54: Middle East and Africa Market Incremental $ Opportunity, By Country, 2022 to 2032
Figure 1: Global Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 2: Global Market Absolute $ Historical Gain (2015 to 2021) and Opportunity (2022 to 2032), US$ Million
Figure 3: Global Market Share, By Type, 2022 & 2032
Figure 4: Global Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 5: Global Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 6: Global Market Share, By Vertical, 2022 & 2032
Figure 7: Global Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 8: Global Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 9: Global Market Share, By Region, 2022 & 2032
Figure 10: Global Market Y-o-Y Growth Projections, By Region - 2022 to 2032
Figure 11: Global Market Attractiveness Index, By Region - 2022 to 2032
Figure 12: North America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 13: North America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 14: North America Market Share, Buyer Type, 2022 & 2032
Figure 15: North America Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 16: North America Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 17: North America Market Share, By Vertical, 2022 & 2032
Figure 18: North America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 19: North America Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 20: North America Market Share, By Country, 2022 & 2032
Figure 21: North America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 22: North America Market Attractiveness Index, By Country - 2022 to 2032
Figure 23: Latin America Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 24: Latin America Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 25: Latin America Market Share, Buyer Type, 2022 & 2032
Figure 26: Latin America Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 27: Latin America Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 28: Latin America Market Share, By Vertical, 2022 & 2032
Figure 29: Latin America Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 30: Latin America Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 31: Latin America Market Share, By Country, 2022 & 2032
Figure 32: Latin America Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 33: Latin America Market Attractiveness Index, By Country - 2022 to 2032
Figure 34: Europe Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 35: Europe Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 36: Europe Market Share, Buyer Type, 2022 & 2032
Figure 37: Europe Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 38: Europe Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 39: Europe Market Share, By Vertical, 2022 & 2032
Figure 40: Europe Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 41: Europe Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 42: Europe Market Share, By Country, 2022 & 2032
Figure 43: Europe Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 44: Europe Market Attractiveness Index, By Country - 2022 to 2032
Figure 45: Middle East and Africa Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 46: Middle East and Africa Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 47: Middle East and Africa Market Share, Buyer Type, 2022 & 2032
Figure 48: Middle East and Africa Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 49: Middle East and Africa Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 50: Middle East and Africa Market Share, By Vertical, 2022 & 2032
Figure 51: Middle East and Africa Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 52: Middle East and Africa Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 53: Middle East and Africa Market Share, By Country, 2022 & 2032
Figure 54: Middle East and Africa Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 55: Middle East and Africa Market Attractiveness Index, By Country - 2022 to 2032
Figure 56: Asia Pacific Market Value (US$ Million) and Year-on-Year Growth, 2015 to 2032
Figure 57: Asia Pacific Market Absolute $ Opportunity Historical (2015 to 2021) and Forecast Period (2022 to 2032), US$ Million
Figure 58: Asia Pacific Market Share, Buyer Type, 2022 & 2032
Figure 59: Asia Pacific Market Y-o-Y Growth Projections, Buyer Type - 2022 to 2032
Figure 60: Asia Pacific Market Attractiveness Index, Buyer Type - 2022 to 2032
Figure 61: Asia Pacific Market Share, By Vertical, 2022 & 2032
Figure 62: Asia Pacific Market Y-o-Y Growth Projections, By Vertical - 2022 to 2032
Figure 63: Asia Pacific Market Attractiveness Index, By Vertical - 2022 to 2032
Figure 64: Asia Pacific Market Share, By Country, 2022 & 2032
Figure 65: Asia Pacific Market Y-o-Y Growth Projections, By Country - 2022 to 2032
Figure 66: Asia Pacific Market Attractiveness Index, By Country - 2022 to 2032
Figure 67: United States of America market Value (US$ Million) and Forecast, 2022 to 2032
Figure 68: United States of America market Share, Buyer Type, 2021
Figure 69: United States of America market Share, By Vertical, 2021
Figure 70: Canada Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 71: Canada Market Share, Buyer Type, 2021
Figure 72: Canada Market Share, By Vertical, 2021
Figure 73: Brazil Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 74: Brazil Market Share, Buyer Type, 2021
Figure 75: Brazil Market Share, By Vertical, 2021
Figure 76: Mexico Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 77: Mexico Market Share, Buyer Type, 2021
Figure 78: Mexico Market Share, By Vertical, 2021
Figure 79: Germany Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 80: Germany Market Share, Buyer Type, 2021
Figure 81: Germany Market Share, By Vertical, 2021
Figure 82: United Kingdom Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 83: United Kingdom Market Share, Buyer Type, 2021
Figure 84: United Kingdom Market Share, By Vertical, 2021
Figure 85: France Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 86: France Market Share, Buyer Type, 2021
Figure 87: France Market Share, By Vertical, 2021
Figure 88: Italy Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 89: Italy Market Share, Buyer Type, 2021
Figure 90: Italy Market Share, By Vertical, 2021
Figure 91: BENELUX Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 92: BENELUX Market Share, Buyer Type, 2021
Figure 93: BENELUX Market Share, By Vertical, 2021
Figure 94: Nordic Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 95: Nordic Countries Market Share, Buyer Type, 2021
Figure 96: Nordic Countries Market Share, By Vertical, 2021
Figure 97: China Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 98: China Market Share, Buyer Type, 2021
Figure 99: China Market Share, By Vertical, 2021
Figure 100: Japan Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 101: Japan Market Share, Buyer Type, 2021
Figure 102: Japan Market Share, By Vertical, 2021
Figure 103: South Korea Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 104: South Korea Market Share, Buyer Type, 2021
Figure 105: South Korea Market Share, By Vertical, 2021
Figure 106: GCC Countries Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 107: GCC Countries Market Share, Buyer Type, 2021
Figure 108: GCC Countries Market Share, By Vertical, 2021
Figure 109: South Africa Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 110: South Africa Market Share, Buyer Type, 2021
Figure 111: South Africa Market Share, By Vertical, 2021
Figure 112: Turkey Market Value (US$ Million) and Forecast, 2022 to 2032
Figure 113: Turkey Market Share, Buyer Type, 2021
Figure 114: Turkey Market Share, By Vertical, 2021
The global VSaaS Market is worth more than USD 7.6 Billion at present.
The value of the VSaaS Market is projected to increase at a CAGR of around 9.5% from 2022 to 2032.
The value of the VSaaS Market increased at a CAGR of around 10.6% from 2015 to 2021.
Key drivers fueling multi-brand retail industry development are greater infrastructure expenditure, as well as growing usage of enhanced surveillance in the government and manufacturing sectors.
The market for VSaaS Market in the USA is projected to expand at a CAGR of around 9.3% from 2022 to 2032.
VSaaS Market
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