The Video Surveillance-as-a-Service (VSaaS) Market is projected to reach USD 13.47 billion by 2033, growing from USD 4.01 billion in 2023, with an impressive compound annual growth rate (CAGR) of 14.74% from 2023 to 2033. This growth is primarily driven by the increasing adoption of VSaaS in the commercial sector. Key factors contributing to this trend include the reduced maintenance, lower total installation, and ownership costs associated with VSaaS. By minimizing capital expenditures, power costs, and IT staffing requirements, VSaaS significantly lowers the cost of owning a comprehensive video surveillance system. Additionally, the rising incidence of cybercrimes has spurred the deployment of various surveillance techniques, further propelling the VSaaS market. Over the coming years, the cost advantages of VSaaS over traditional video surveillance solutions are expected to continue driving market expansion.
The latest research report by Evolve Business Intelligence explores the various factors influencing the global market. It includes an analysis of the current market size, forecasts for key segments and regions, and the driving forces behind market growth. The report examines the potential impacts of key trends on business strategies and provides a SWOT analysis of critical sectors for each major competitor and customer group. This valuable data highlights the conglomerates likely to impact the industry, crucial for any company planning to invest strategically over the next five years. These insights complement our initial quantitative study, aiding in new investments and strategic planning to mitigate threats in existing sectors.
Segments covered
By System Type (Hosted, Managed, Hybrid)
By Application (Commercial, Infrastructure, Residential, Military & Defense, Institutional, Industrial)
Key players
Axis Communications
Honeywell Security
ADT Security Services
Duranc
Cloudastructure
Genetec
Nest Labs
Pacific Controls
Ivideon
SMARTVUE CORPORATION
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