IP Video Surveillance and VSaaS Market by Global Demand, Latest Technology and Outlook 2021-2030

The global IP Video Surveillance and VSaaS Market was valued at $22.56 billion in 2019, and is projected to reach $71.81 billion by 2030, registering a CAGR of 11.1% from 2020 to 2030.

IP video surveillance is done to capture videos and images that can be compressed, stored or sent over communication networks. IP security cameras come with wide range of features such as HD video recording, auto adjustment to different light levels, and even focusing the camera on a particular object remotely. VSaaS, which stands for Video Surveillance as a Service means the hosting of cloud-based video surveillance. This includes video recording, storage, management alerts, cyber security and many others leveraging cloud platforms.

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Competitive Landscape :

The key players profiled in the IP video surveillance and VSaaS market report include HKVISION, Ltd., Bosch Security System, Honeywell Security Group, Dahua Technology, D-Link Corporation, Panasonic, Avigilon, Axis Communication, Infinova, and Mobotix AG. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market share.

Market Dynamics and Trends:

The demand for IP surveillance system has been rising due to the increasing emphasis on safety and security both by the government and private enterprises. IP surveillance systems plays a significant role in detecting and reducing activities like theft, burglary and vandalism. The accessibility of IP surveillance cameras through any device connected to the internet and its low maintenance cost are some factors driving the growth of IP surveillance system and VSaaS market. Also, features like PoE switch (power over ethernet), video sharing and high-resolution footage is expected to benefit its market growth. Moreover, the flexibility it offers such as reduction of the number of cables during installation and provision of seamlessly connecting more cameras in the network is further expected to boost the market growth.

However, factors such as privacy issues, high cost of installation and vulnerability act as restraints limiting the growth of IP Video Surveillance and VSaaS Market. On the contrary, with the advancements of technology in IP surveillance and VSaaS, such as wireless surveillance, reduced maintenance cost, 4k video quality and the introduction of 5G network allowing faster sharing of videos will create massive opportunities in the IP surveillance and VSaaS market.

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Market Segmentations and Scope of the Study:

The global IP video surveillance and VSaaS market size is segmented on the basis of product type, application, and geography. On the basis of product type, the market is segmented into hardware, software, cloud-based solutions, and services. The hardware is further sub-divided into impact camera, monitor, and storage. Also, the software segment is bifurcated into video analytics software and video management system. The cloud-based solution is bifurcated into cloud storage by product software and cloud storage by deployment. On the basis of services, the market is categorized into VSaaS, hosted VSaaS, managed VSaaS, hybrid VSaaS, and integrated services IP surveillance. By application, the market is divided into banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, entertainment, healthcare, and others. Based on geography, global IP video surveillance and VSaaS market is spread across North America, Europe, Asia-Pacific, and RoW.

Geographical Analysis:

North America holds the lion share in the global IP video surveillance and VSaaS market due to high security concerns, political unrest, significant budget pertaining to public infrastructure, and transition from analogue surveillance to IP cameras that leads to the growth of IP video surveillance and VSaaS market in this region.

However, Asia pacific is also expected to witness rapid growth owing to the increase in criminal activities and threat levels. Moreover, increasing number of smart cities, wide application, and various other advantages are expected to further enhance the growth of IP video surveillance and VSaaS market in this region.

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