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Global VSaaS Market to Grow at 28%

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A report sold by Researchmoz predicts the Video Surveillance as a Service Market (VSaaS) will grow at an impressive CAGR of 28.22% between 2016 and 2020.

VSaaS means hosted cloud-based video surveillance and this type of service includes remote viewing, video recording, storage, cyber security, and management alerts. Video management and processing takes place offsite utilising the cloud, although the VSaaS system can also utilise a simple on-site device for communicating with the cloud and cameras.

The business models of VSaaS have also been highlighted in the findings. The study states that VSaaS is in high demand by companies, both small-scale as well as large-scale, and also by governments within numerous nations.

The key benefits of using VSaaS for companies include low initial investment, per-use payment, instant access, and easy deployment. The various services under VSaaS include cloud-based video content analytics, real-time monitoring via the internet, remote video monitoring, and on and off-site storage.

As per the report, the increasing demand for high-resolution imaging is a key factor stimulating the growth of the market. In addition, edge-based video surveillance has emerged as a major trend in the market. On the other hand, the rising concerns about security and privacy are amongst the chief factors that may restrain the growth of the market in forthcoming years.

The market is segmented into industrial sector, commercial sector, infrastructure sector, and residential sector. Key vendors found to be prominent in the market are Axis Communications, Cisco, Bosch Security Systems, Honeywell, Hikvision, and Panasonic, Dvtel, Idefigo, Moonblink Communications, and Genetec, among others.

Go Video Surveillance as a Service Market 2016-2020