The IP video surveillance and VSaaS market is expected to register a CAGR of 14.2% during 2023–2031. The shift from analog to IP-based systems and the rise of edge computing in surveillance devices are likely to remain key trends in the market.
IP Video Surveillance and VSaaS Market Analysis
- Its increased adoption, especially by SMEs is mainly due to its affordability and extendibility, while large enterprises adopt VSaaS for multi-site operations centralized management.
- Early adopters in retail, health, education and other sectors that emigrated to the cloud are enthusiastic about the flexibility and elimination of infrastructure costs.
- Despite the growing flexibility of cloud-based solutions, industries such as health, government, police and others are holding back from fully embracing VSaaS due to security of data and bandwidth issues. There is no doubt that the market is going to grow in the upcoming years.
IP Video Surveillance and VSaaS Market Overview
- It is crucial to note that the IP video surveillance and VSaaS market is growing rapidly worldwide. The main reason behind this growing trend is increasing security concerns and enhanced technological innovations along with the transition from legacy analog systems to innovative IP-based digital systems.
- In terms of regional market adoptions, North America and Europe are the forerunners in the market (in adoption), while Asia-Pacific is showing the highest market growth rate. The market for IP-based video surveillance has been showing constant innovations with three primary trends: AI integration, cloud services and edge computing. The market is continuing to exert robust growth despite some of the challenges such as cybersecurity concerns.
- The future of the IP video surveillance and VSaaS market is poised to remain strong and could even surpass the expected growth.
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IP Video Surveillance and VSaaS Market: Strategic Insights
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IP Video Surveillance and VSaaS Market: Strategic Insights
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IP Video Surveillance and VSaaS Market Drivers and Opportunities
Increasing Security Concerns to Favor the Market
- The increasing security threats are accelerating the demand for the IP video surveillance and VSaaS market. Across the globe, crimes, terrorism and public safety problems are on the rise and have heightened the security threat perception. Therefore, governments and private organizations are investing in security surveillance systems.
- Superior image quality, remote view access and advanced analytics are reasons why IP video surveillance and VSaaS are preferred over any analogous system. The systems also offer better monitoring, faster response and effective crime prevention.
- IP video surveillance and VSaaS are also compatible with many other security systems. What’s more, being a cloud-based service, VSaaS offers easy expansion, where more and more cameras can be added with time.
- Commercial establishments such as shopping malls are adopting it rapidly, followed by critical infrastructure facilities like power stations and telecommunication towers. In public spaces such as roads, streets, bridges and railways, authorities are increasing surveillance and monitoring systems mandatorily owing to security considerations.
Integration with AI and Machine Learning for Advanced Analytics
- The opportunities that come with the integration of AI and machine learning into the IP video surveillance and VSaaS market are spurring new technologies to analyze and exploit video data in revolutionary ways.
- Enhanced capabilities are available, such as facial recognition, object detection, behavioral analysis or anomaly detection, which help surveillance systems become proactive at detecting and preventing threats. An example of this is an AI-powered system that might alert a human monitor to suspicious activity, such as following an unauthorized person through a restricted area by automatically detecting the behavior and identifying the malefactor.
- The advantage of machine learning is that it can improve as applications grow in use and reduce false alarms. Such analytics capabilities contribute to improving the efficacy of security operations.
IP Video Surveillance and VSaaS Market Report Segmentation Analysis
Key segments that contributed to the derivation of the IP video surveillance and VSaaS market analysis are product and end user.
- Based on product, the IP video surveillance and VSaaS market is divided into hardware, software, cloud-based solutions, and services.
- Based on the end user, the IP video surveillance and VSaaS market is divided into BFSI, retail, government, entertainment and media, and others.
IP Video Surveillance and VSaaS Market Share Analysis by Geography
- IP Video Surveillance and VSaaS Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
- Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering IP Video Surveillance and VSaaS market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
- Also, the report covers PEST analysis, which involves the study of major factors that influence the IP Video Surveillance and VSaaS market in these regions.
IP Video Surveillance and VSaaS Market Regional Insights
The regional trends and factors influencing the IP Video Surveillance and VSaaS Market throughout the forecast period have been thoroughly explained by the analysts at Insight Partners. This section also discusses IP Video Surveillance and VSaaS Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.
- Get the Regional Specific Data for IP Video Surveillance and VSaaS Market
IP Video Surveillance and VSaaS Market Report Scope
| Report Attribute | Details |
|---|---|
| Market size in 2023 | US$ XX Million |
| Market Size by 2031 | US$ XX Million |
| Global CAGR (2023 - 2031) | 14.2% |
| Historical Data | 2021-2023 |
| Forecast period | 2024-2031 |
| Segments Covered |
By Product
|
| Regions and Countries Covered | North America
|
| Market leaders and key company profiles |
IP Video Surveillance and VSaaS Market Players Density: Understanding Its Impact on Business Dynamics
The IP Video Surveillance and VSaaS Market market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.
Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.
Major Companies operating in the IP Video Surveillance and VSaaS Market are:
- Axis Communications AB
- Bosch Security and Safety Systems
- D-Link Corporation
- Genetec Inc.
- GeoVision Inc.
- Honeywell International Inc
Disclaimer: The companies listed above are not ranked in any particular order.
- Get the IP Video Surveillance and VSaaS Market top key players overview
IP Video Surveillance and VSaaS Market News and Recent Developments
The IP video surveillance and VSaaS market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the IP video surveillance and VSaaS market are listed below:
- Axis Communications introduces Axis Cloud Connect, an open hybrid cloud platform designed to provide customers with more secure, flexible, and scalable security solutions. Together with Axis devices, this platform enables a range of managed services to support system and device management, video and data delivery and meet high demands in cybersecurity. (Source: Axis Communications AB, Press Release, April 2024)
IP Video Surveillance and VSaaS Market Report Coverage and Deliverables
The “IP Video Surveillance and VSaaS Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- IP video surveillance and VSaaS market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- IP video surveillance and VSaaS market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- IP video surveillance and VSaaS market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the IP video surveillance and VSaaS market
- Detailed company profiles
- Historical Analysis (2 Years), Base Year, Forecast (7 Years) with CAGR
- PEST and SWOT Analysis
- Market Size Value / Volume - Global, Regional, Country
- Industry and Competitive Landscape
- Excel Dataset
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
The global IP Video Surveillance and VSaaS market is expected to grow at a CAGR of 14.2% during the forecast period 2023 - 2031.
Increasing security concerns and technological advancements in camera resolution and analytics are expected to drive the IP video surveillance and VSaaS market.
The shift from analog to IP-based systems and the rise of edge computing in surveillance devices are likely to remain key trends in the market.
The leading players operating in the IP video surveillance and VSaaS market are Axis Communications AB, Bosch Security and Safety Systems, D-Link Corporation, Genetec Inc., GeoVision Inc., Honeywell International Inc, March Networks, Milestone Systems, and Mobotix AG.
The report can be delivered in PDF/PPT format; we can also share an Excel dataset based on the request.
Some of the customization options available based on request are additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
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The List of Companies
1. Axis Communications AB
2. Bosch Security and Safety Systems
3. D-Link Corporation
4. Genetec Inc.
5. GeoVision Inc.
6. Honeywell International Inc
7. March Networks
8. Milestone Systems
9. Mobotix AG
10. Panasonic Corporation
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