IP Video Surveillance and VSaaS Market Developments by 2031
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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Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
IP Video Surveillance and VSaaS Market: Strategic Insights
Naveen
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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 Report Scope
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
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.
TABLE OF CONTENTS
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 IP Video Surveillance And VSaaS Market - By Product
1.3.2 IP Video Surveillance And VSaaS Market - By End-user
1.3.3 IP Video Surveillance And VSaaS Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. IP VIDEO SURVEILLANCE AND VSAAS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. IP VIDEO SURVEILLANCE AND VSAAS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. IP VIDEO SURVEILLANCE AND VSAAS MARKET - GLOBAL MARKET ANALYSIS
6.1. IP VIDEO SURVEILLANCE AND VSAAS - GLOBAL MARKET OVERVIEW
6.2. IP VIDEO SURVEILLANCE AND VSAAS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. IP VIDEO SURVEILLANCE AND VSAAS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
7.1. OVERVIEW
7.2. PRODUCT MARKET FORECASTS AND ANALYSIS
7.3. HARDWARE
7.3.1. Overview
7.3.2. Hardware Market Forecast and Analysis
7.3.3. Camera Market
7.3.3.1. Overview
7.3.3.2. Camera Market Forecast and Analysis
7.3.4. Storage Market
7.3.4.1. Overview
7.3.4.2. Storage Market Forecast and Analysis
7.4. SOFTWARE
7.4.1. Overview
7.4.2. Software Market Forecast and Analysis
7.4.3. Video Management Market
7.4.3.1. Overview
7.4.3.2. Video Management Market Forecast and Analysis
7.4.4. Video Analytics Market
7.4.4.1. Overview
7.4.4.2. Video Analytics Market Forecast and Analysis
7.5. CLOUD BASED SOLUTIONS
7.5.1. Overview
7.5.2. Cloud Based Solutions Market Forecast and Analysis
7.6. SERVICES
7.6.1. Overview
7.6.2. Services Market Forecast and Analysis
7.6.3. Hosted Market
7.6.3.1. Overview
7.6.3.2. Hosted Market Forecast and Analysis
7.6.4. Managed Market
7.6.4.1. Overview
7.6.4.2. Managed Market Forecast and Analysis
8. IP VIDEO SURVEILLANCE AND VSAAS MARKET - REVENUE AND FORECASTS TO 2028 - END-USER
8.1. OVERVIEW
8.2. END-USER MARKET FORECASTS AND ANALYSIS
8.3. BFSI
8.3.1. Overview
8.3.2. BFSI Market Forecast and Analysis
8.4. RETAIL
8.4.1. Overview
8.4.2. Retail Market Forecast and Analysis
8.5. GOVERNMENT
8.5.1. Overview
8.5.2. Government Market Forecast and Analysis
8.6. ENTERTAINMENT AND MEDIA
8.6.1. Overview
8.6.2. Entertainment and Media Market Forecast and Analysis
8.7. OTHERS
8.7.1. Overview
8.7.2. Others Market Forecast and Analysis
9. IP VIDEO SURVEILLANCE AND VSAAS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. IP VIDEO SURVEILLANCE AND VSAAS MARKET, KEY COMPANY PROFILES
11.1. AXIS COMMUNICATIONS AB
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. BOSCH SECURITY AND SAFETY SYSTEMS
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. D-LINK CORPORATION
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. GENETEC INC.
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. GEOVISION INC.
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. HONEYWELL INTERNATIONAL INC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. MARCH NETWORKS
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. MILESTONE SYSTEMS
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. MOBOTIX AG
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. PANASONIC CORPORATION
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
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
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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