August 7 2020
Market Research Future published a research report on “Video Surveillance as a Service Market Research Report- Forecast 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.
Video surveillance as a Service (VSaaS) is the process of monitoring & observing the activities at a location, along with the behavior and movements of an individual or a group to provide improved security, for a client. Market Research Future (MRFR) has published and released a research report about the global Video Surveillance as a Service Market that anticipates growth for this market with 19% CAGR (Compound Annual Growth Rate) during the forecast period between 2016 and 2022. In terms of cash, the market is expected to rise to the US $ 2.7 bn during the forecast period.
Analyzing the market structure, this report assays the future growth potential of the market. It observes the strategies of the key players in the market and follows the competitive developments like joint ventures, new product developments, mergers and acquisitions, research and developments (R & D) in the market.
The key drivers that drive the market growth for video surveillance as a service include the emergence of advanced video surveillance technologies, increasing adoption of high-end cameras, the growing internet of things (IoT) technology in various sectors, rapid technological advancement. High cameras such as HD camera and IP camera can capture clear, and accurate images that can be further be utilized for analysis. However, high infrastructure cost related to installation, network security issues, and corporate protocols can hamper the growth of this market.
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The global video surveillance as a service market has been segmented on the basis of application, component, end user, service and lastly region. The application-based segmentation segments this market into commercial, industrial, infrastructure, residential, and others. On the basis of components, the market got segmented into hardware and software/analytics. By end-users, the market has been segmented into commercial, industrial, infrastructure, and residential. As per services, the market segmentation covers managed services, hosted services, and others.
The regional segmentation of the global video surveillance as a service market segments the market into continent-based regional markets namely North America, Europe, Asia Pacific, and rest of the world (RoW). North America is the biggest regional market. The strongest country-specific market in this region is the United States of America (USA). Many key players in the market are based in the USA. The factors driving the growth of North American market include advancements in the Information Technologies (IT) industry, adoption of the security technology, rapid technological advancement, strict government regulations, and growing focus on critical infrastructure protection. Another important country-specific market in this region is Canada.
The key players of VSaaS Market report include, Brivo Inc, (U.S.) Bosch Security Systems (Germany),, Cisco Systems, Inc. (U.S.) Hangzhou Hikvision Digital Technology Co.,Ltd (China), Honeywell international Inc. (U.S.),, Panasonic System Networks Co. Ltd (Japan), Genetec (Canada), Cloudastructure Inc, (U.S.) , Neo Solutions, Inc (U.S.) and others.
According to the report, the Asia Pacific region has been expected to be rise as the fastest growing market during the forecast period. The primary market drivers in this region include awareness about video surveillance, the growth of technology, government initiatives, increasing demand for smart cities, increasing need for the cloud service, and safety regulations. The most important country-specific markets in this region include China, India, Japan, and South Korea, followed by the rest of the Asia Pacific region.
Europe has been anticipated to grow steadily over the forecast period. In this region, the market is expected to grow due to factors including advancements in the technology sector, increased adoption of cloud-enabled video surveillance, and government policies. In Europe, the significant country-specific markets include France, Germany, Russia, and the United Kingdom (UK), followed by the rest of Europe.
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TABLE OF CONTENTS
2.1 Scope Of The Study
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Value Chain Analysis
3.4 Porter’s Five Forces Analysis
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