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Global Video Surveillance-as-a-Service Market to reach USD 13.68 billion by the end of 2030

Global Video Surveillance-as-a-Service Market Size study & Forecast, by Type (Hosted, Managed, Hybrid), by Vertical (Commercial, Industrial, Residential, Government) and Regional Analysis, 2023-2030

Product Code: ICTICTS-16535440
Publish Date: 29-02-2024
Page: 200

Global Video Surveillance-as-a-Service Market is valued at approximately USD 3.69 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 17.8% during the forecast period 2023-2030. Video Surveillance-as-a-Service Video Surveillance-as-a-Service (VSaaS) is a cloud-based service that provides remote video monitoring and management capabilities to individuals, businesses, or organizations. Instead of hosting video surveillance infrastructure on-premises, users can leverage the cloud to store, manage, and access their video footage. The Video Surveillance-as-a-Service market is expanding because of factors such as the increasing penetration of cloud computing and the rising number of Smart City projects. As a result, the demand for Video Surveillance-as-a-Service has progressively increased in the international market during the forecast period 2023-2030.

Cloud-based Video Surveillance-as-a-Service solutions offer scalability that allows businesses to easily expand or reduce their surveillance infrastructure based on changing needs. This flexibility is particularly beneficial for growing businesses or those with fluctuating surveillance requirements. According to Statista, investment in cloud infrastructure services by enterprises reached a substantial USD 64 billion in the first quarter of 2023. This marked a consistent upward trend in quarter-over-quarter sales, surpassing the significant milestone of USD 50 billion in 2021. Another important factor that drives the Video Surveillance-as-a-Service Market is the increasing number of Smart City projects. Smart City projects typically involve the integration of various technologies and systems, including video surveillance, IoT devices, and data analytics. Video Surveillance-as-a-Service can seamlessly integrate with other smart city components, creating a cohesive and interconnected ecosystem. In addition, as per Statista, the global Smart Cities market is anticipated to reach USD 104.80 billion by the year-end of 2024. On a global scale, the United States is anticipated to lead the global Smart Cities Market, with a projected value of USD 12.74 billion by the year-end 2024. Moreover, the growing demand for IoT devices and technological advancement in video analytics are anticipated to create lucrative growth opportunities for the market over the forecast period. However, the high cost associated with Video Surveillance-as-a-Service and the threat of surveillance data breaches are going to impede overall market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Video Surveillance-as-a-Service Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the widespread adoption of cloud computing, the increasing embrace of omnichannel strategies, and the surging demand for analytics and insights across various industries are contributing factors in the region. Cloud-based Video Surveillance services eliminate the need for organizations to invest heavily in on-premises infrastructure. This cost-effective approach allows businesses to leverage video surveillance capabilities without the burden of upfront hardware expenses. The region’s dominant performance is anticipated to propel the overall demand for Video Surveillance-as-a-Service. Furthermore, Asia Pacific is expected to grow fastest over the forecast period, owing to factors such as growing demand for cloud-based services from small and medium-sized enterprises in the region. Cloud-based VSaaS offers SMEs access to advanced features such as video analytics, AI-powered insights, and real-time monitoring. This empowers smaller businesses with tools that are primarily available to larger enterprises.

Major market player included in this report are:
Johnson Controls International PLC
Axis Communications AB
Avigilon Corporation
Alarm.com, Inc
Eagle Eye Networks, Inc
Honeywell International Inc
Securitas AB
Genetec Inc
Neo Solutions, Inc
Cisco Systems, Inc

Recent Developments in the Market:
Ø In December 2023, Milestone Systems, a prominent video technology provider, launched a camera-to-cloud deployment option within its Milestone Kite Video Surveillance as a Service (VSaaS) software. The Milestone Kite Camera to Cloud solution aims to provide enhanced simplicity and cost-effectiveness for customers. Serving as an alternative or expansion to gateway installations, Camera to Cloud reflects Milestone’s commitment to delivering flexible and scalable solutions that cater to evolving customer requirements.

Global Video Surveillance-as-a-Service Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Vertical, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type

By Vertical

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Video Surveillance-as-a-Service Market, by Region, 2020-2030 (USD Billion)
1.2.2. Video Surveillance-as-a-Service Market, by Type, 2020-2030 (USD Billion)
1.2.3. Video Surveillance-as-a-Service Market, by Vertical, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Video Surveillance-as-a-Service Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Video Surveillance-as-a-Service Market Dynamics
3.1. Video Surveillance-as-a-Service Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing penetration of cloud computing Rising number of Smart City projects
3.1.2. Market Challenges High cost associated with Video Surveillance-as-a-Service Threat of surveillance data breach
3.1.3. Market Opportunities Growing demand for IoT devices Technological advancement in video analytics
Chapter 4. Global Video Surveillance-as-a-Service Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Video Surveillance-as-a-Service Market, by Type
5.1. Market Snapshot
5.2. Global Video Surveillance-as-a-Service Market by Type, Performance – Potential Analysis
5.3. Global Video Surveillance-as-a-Service Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Video Surveillance-as-a-Service Market, Sub Segment Analysis
5.4.1. Hosted
5.4.2. Managed
5.4.3. Hybrid
Chapter 6. Global Video Surveillance-as-a-Service Market, by Vertical
6.1. Market Snapshot
6.2. Global Video Surveillance-as-a-Service Market by Vertical, Performance – Potential Analysis
6.3. Global Video Surveillance-as-a-Service Market Estimates & Forecasts by Vertical 2020-2030 (USD Billion)
6.4. Video Surveillance-as-a-Service Market, Sub Segment Analysis
6.4.1. Commercial
6.4.2. Industrial
6.4.3. Residential
6.4.4. Government
Chapter 7. Global Video Surveillance-as-a-Service Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Video Surveillance-as-a-Service Market, Regional Market Snapshot
7.4. North America Video Surveillance-as-a-Service Market
7.4.1. U.S. Video Surveillance-as-a-Service Market Type breakdown estimates & forecasts, 2020-2030 Vertical breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Video Surveillance-as-a-Service Market
7.5. Europe Video Surveillance-as-a-Service Market Snapshot
7.5.1. U.K. Video Surveillance-as-a-Service Market
7.5.2. Germany Video Surveillance-as-a-Service Market
7.5.3. France Video Surveillance-as-a-Service Market
7.5.4. Spain Video Surveillance-as-a-Service Market
7.5.5. Italy Video Surveillance-as-a-Service Market
7.5.6. Rest of Europe Video Surveillance-as-a-Service Market
7.6. Asia-Pacific Video Surveillance-as-a-Service Market Snapshot
7.6.1. China Video Surveillance-as-a-Service Market
7.6.2. India Video Surveillance-as-a-Service Market
7.6.3. Japan Video Surveillance-as-a-Service Market
7.6.4. Australia Video Surveillance-as-a-Service Market
7.6.5. South Korea Video Surveillance-as-a-Service Market
7.6.6. Rest of Asia Pacific Video Surveillance-as-a-Service Market
7.7. Latin America Video Surveillance-as-a-Service Market Snapshot
7.7.1. Brazil Video Surveillance-as-a-Service Market
7.7.2. Mexico Video Surveillance-as-a-Service Market
7.8. Middle East & Africa Video Surveillance-as-a-Service Market
7.8.1. Saudi Arabia Video Surveillance-as-a-Service Market
7.8.2. South Africa Video Surveillance-as-a-Service Market
7.8.3. Rest of Middle East & Africa Video Surveillance-as-a-Service Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Johnson Controls International PLC Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Axis Communications AB
8.3.3. Avigilon Corporation
8.3.4. Alarm.com, Inc
8.3.5. Eagle Eye Networks, Inc
8.3.6. Honeywell International Inc
8.3.7. Securitas AB
8.3.8. Genetec Inc
8.3.9. Neo Solutions, Inc
8.3.10. Cisco Systems, Inc
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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