Video Surveillance as a Service Market to Reach $5.9 Billion by 2022 - Analysis By Type & Vertical - Research and Markets

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Jun 06, 2017, 14:45 ET

DUBLIN, June 6, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Video Surveillance as a Service Market - Global Forecast to 2022" report to their offering.

The Video Surveillance as a Service (VSaaS) market is expected to be worth USD 5.93 Billion by 2022, at a CAGR of 22.0% between 2017 and 2022. Factors such as low initial investment required to avail VSaaS services, increasing demand for real-time and remote access for video surveillance data, and flexible scalability offered by VSaaS would provide ample growth opportunities for the Video Surveillance as a Service market in the future.

The market for the hybrid VSaaS is expected to grow at a significant rate during the forecast period. Hybrid VSaaS offers data storage at the customer's site as well as in the cloud at the service provider's end, which enhances data security, brings flexibility in data storage capacity, provides remote access to the surveillance data. This helps hybrid VSaaS to become more popular among verticals such as commercial, infrastructure, and industrial, among others.

The commercial vertical is expected to lead the Video Surveillance as a Service market during the forecast period due to the increasing adoption of VSaaS in retail chains, residential apartments, small businesses, healthcare organizations, banks, government buildings, city surveillance and manufacturing sites, among others. The demand for VSaaS in the commercial vertical is increasing to enhance the security, reduce robbery and inventory loss. Moreover, the adoption of VSaaS in financial institutions and banks to monitor customers and staff activities is increasing from the recent past, which has helped the VSaaS market to grow.

The market in APAC is expected to grow at the highest rate during the forecast period. Increasing retail chains, small businesses, residential apartments, and hospitality businesses drives the VSaaS market growth in the APAC region. Presence of several camera manufacturers and availability of low-cost video surveillance systems and services helped the VSaaS market to grow. Government initiatives to increase public safety and increasing infrastructural developments in the region create opportunities for the VSaaS market in this region. Moreover, increased adoption of consumer devices such as mobiles, tablets, and laptops in China is one of the important parameters which spurs the growth of the VSaaS market in China as VSaaS offers a remote view to live video footages on consumer devices.

Companies Mentioned

ADT Security Services
Alarm.Com
Axis Communications AB
Bosch Security Systems
Brivo
Camcloud Inc.
Cameraftp
Cameramanager
Cloudastructure, Inc.
Controlbynet
Duranc
Eagle Eye Networks, Inc.
Envysion, Inc.
Eyecast Inc.
Genetec Inc.
Geovision Inc.
Honeywell Security Group
Ivideon
March Networks Corporation
Multisight
Napco Security Technologies, Inc.
Neovsp
Nest Labs, Inc.
Pacific Controls
Smartvue Corporation
Start Up Ecosystem
Timetec Cloud Sdn BHD
Tyco Integrated Fire & Security

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Video Surveillance as a Service Market, By Type

7 Video Surveillance as a Service Market, By Vertical

8 VSaaS Cloud Storage Type

9 Geographic Analysis

10 Competitive Landscape

11 Company Profile

For more information about this report visit http://www.researchandmarkets.com/research/fp2m6m/video

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

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SOURCE Research and Markets