Global Video Surveillance and VSaaS Market: Snapshot
The recent attacks to national security and the rising crime activities worldwide have compelled governments to scrutinize their existing security measures. The demand for resilient and secure infrastructure is therefore at all-time high. As governments and private organizations look for advanced technologies for improved security, the demand for video surveillance and VSaaS market will rise in response. Given the scenario, persisting investments in infrastructure such as railways, roads, airports, and communication networks are fuelling the demand for video surveillance and VSaaS solutions.
With recent advancements in high definition and megapixel cameras the market for video surveillance and VSaaS is likely to witness heightened opportunities. Furthermore, the rising popularity of do-it-yourself (DIY) video surveillance for home security, the market will gain increased momentum in the coming years. On the downside, privacy concerns and high cost of IP video surveillance market will continue creating bottlenecks for the market.
Overall, the global video surveillance and VSaaS market is expected to rise at a CAGR of 16.6% between 2017 and 2025. At this pace, the market’s valuation will reach US$101.70 bn by the end of 2025, from US$25.11 bn in 2017.
IP-based Surveillance Systems will Continue Witnessing Higher Demand
On the basis of type, the video surveillance and VSaaS market is bifurcated into analog and IP-based systems. Of these, IP-based surveillance systems have rapidly gained the larger share in the market due to their inherent advantages of quality, scalability, better resolution, and built-in analytics engines, as compared to analog video surveillance. Considering these, the IP-based surveillance systems segment will rise at a CAGR of 20.8% between 2017 and 2025.
On the basis of component, the video surveillance and VSaaS market is categorized into hardware, software, and services (VSaaS). Video surveillance hardware includes surveillance cameras for capturing video footages, recorders and storage, encoders, and monitors. The software segment includes video management software (VMS) and video analytics software. Based on the service delivery architecture, the VSaaS types include hosted, managed, and hybrid services. The increasing demand for IP cameras has led to the significant growth of the video surveillance hardware market. However, the VSaaS market is expected to grow the fastest due to rising demand for the storage of large volumes of data generated through IP cameras.
On the basis of end user, the video surveillance and VSaaS market is segmented into the residential, retail, business organizations, transportation, government buildings, industrial, and others segments. Of these, the transportation and retail segments will account for the leading market shares through the forecast period. The threat to public security will continue to rise, which will increase the use of video surveillance systems. Furthermore, these systems help protect innocent civilians from terrorist attacks and maintain a safe and secure environment.
Rising Construction Projects Seal Asia Pacific’s Lead in Global Market
Regionally, the global video surveillance and VSaaS market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East and Africa. Among these regions, Asia Pacific will emerge as the leading contributor to the global market, exhibiting a CAGR of 20.2% between 2017 and 2025. The regional market will continue offering lucrative opportunities on account of the growing economies and increasing construction projects in India and China. Also the Asia Pacific market is gradually shifting toward IP-based video surveillance systems from their analog counterparts to cater to the rising demand for improved image quality. This paradigm shift will enable the regional market exhibit steep growth through the forecast period.
Some of the most prominent vendors operating in the global video surveillance and VSaaS market are Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Inc., Canon, Inc., Cisco Systems Inc., Zhejiang Dahua Technology Co. Ltd., Honeywell Security Group, Agent Video Intelligence, Geovision, Inc., Genetec, Inc., Panasonic System Networks Co. Ltd., and Pelco, Inc.
Global Video Surveillance and VSaaS Market: Overview
This report on the global video surveillance and VSaaS market provides analysis for the period from 2015 to 2025, wherein 2016 is the base year and the years from 2017 to 2025 are the forecast period. Data for 2015 has been included as historical information. The report covers all the prevalent trends and technologies playing a major role in the growth of the video surveillance and VSaaS market over the forecast period from 2017 to 2025. It also highlights the various drivers, restraints, and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on market growth throughout the forecast period in terms of revenue estimates (in US$ Bn) across different geographies, which include North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and Latin America (LATAM).
Video surveillance means the possibility of visual surveillance without being directly on site. Surveillance can be performed not only on a real-time basis but also recorded for later viewing through data storage devices. Video surveillance technology may be also used for control and regulation purposes such as traffic regulation, production control, and quality assurance. It offers various other benefits, such as the detection of criminal offenses, documentation of security-related events, prevention of vandalism, tracing of offenders, monitoring of open-air grounds, and reduction of accidents. North America dominates the overall market for video surveillance and VSaaS globally, owing to surging terrorism threats and continuous technological advancements in technologies pertaining to security in this region.
Global Video Surveillance and VSaaS Market: Key Segments
This research report provides in-depth analysis of the global video surveillance and VSaaS market on the basis of type, components, and end-use industry. The video surveillance and VSaaS market based on type includes analog and IP-based systems. On the basis of components, the market is segmented into hardware, software, and VSaaS. The video surveillance hardware market is subdivided into cameras, recorders and storage, encoders, and monitors. Video surveillance software market is sub-segmented into video analytics software and video management software (VMS). The VSaaS market is segmented into hosted, managed, and hybrid services. The video surveillance and VSaaS end-use industry segment comprises residential, retail, business organizations, transportation, government buildings, industries, and others.
In terms of geographical regions, the report segments the global video surveillance and VSaaS market into North America, Europe, Asia Pacific, Middle East & Africa (MEA), and Latin America; the regions are analyzed in terms of revenue generation. The report provides cross-sectional analysis of the global video surveillance and VSaaS market in terms of market estimates and forecasts for all segments across different geographic regions.
Companies Mentioned in the Report
The report also includes competitive profiling of major players engaged in the development of video surveillance and VSaaS. The major business strategies adopted by these players, their market positioning, and their recent developments have also been identified in the research report. This report also provides market positioning analysis of major players in the video surveillance and VSaaS market based on their 2015 revenues. Some of the major players profiled in the report include Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Inc., Canon, Inc., Cisco Systems Inc., Zhejiang Dahua Technology Co. Ltd., Honeywell Security Group, Agent Video Intelligence, Geovision, Inc., Genetec, Inc., Panasonic System Networks Co. Ltd., and Pelco, Inc.
The global video surveillance and VSaaS market is segmented as below:
Video Surveillance and VSaaS Market: By Type
- Analog Video Surveillance and VSaaS
- IP-based Video Surveillance and VSaaS
Video Surveillance and VSaaS Market: By Component
- Video Surveillance Hardware
- By Technology
- By Power Source
- Solar Powered
- Recorders and Storage
- Video Surveillance Software
- Video Analytics
- Video Management Software (VMS)
- Video Surveillance as a Services (VSaaS)
- Hosted service
- Managed service
- Hybrid service
- By Technology
Video Surveillance and VSaaS Market: By End-use Industry
- Business Organizations
- Government Buildings
- Healthcare Organizations
- Others (Educational Institutions and Religious Buildings)
Video Surveillance and VSaaS Market: By Region
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Middle East & Africa
- South Africa
- Rest of Middle East & Africa
- Latin America
- Rest of Latin America