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Video Surveillance and Vsaas Market, (By Product Type: Analog, IP-Based. By Components: Hardware. Software, Services. By End-Users: Government, Transportation, Banking and Finance, Utility and Energy, Residential, Commercial, Retail, Hospitality, Stadiums & Others. By Region - North America, Europe, Asia Pacific, and LAMEA) – Global Industry Insights, Analysis, Trends, and Forecast 2022-2032

Published Date : April 2022 | Report Id : TECIT 220 | Format : PDF,PPT | Slides : 220
Report Type : Syndicate Report

The global video surveillance and vsaas market was valued at $20.4 billion in 2021 and it is expected to reach $71.3 billion at a CAGR of 11.5% between 2022 and 2032. Video surveillance and VSaaS services are mainly used to observe scenes and specific behaviors that are unusual or improper, which might need immediate action due for the safety of people. The service provides video cameras, audio recording systems, and other various tools or systems. Security cameras are common components and are widely used in various locations or places across the regions.

By region, Asia-Pacific holds the largest revenue share in the video surveillance and vsaas market across the globe.   

Video surveillance is widely used for remote video monitoring, facility protection, monitor operations, loss prevention, parking lots, public safety, and many more. Thus, the increasing demand for video surveillance systems and solutions is driving the growth of the market. The video surveillance system is provided to capture and store video footage in a digital storage and format. Therefore, the system eliminates the need for any conversion. The system can be managed from anywhere and all the footage is digitally archived. Moreover, a video surveillance system with advanced technologies has several features such as integration with apps to access the control system. However, the adoption of advanced video surveillance systems is gradually increasing in many sectors such as manufacturing industries, government sectors, small, medium, and large enterprises, among others, which is expected to propel the growth opportunities for the global video surveillance and VSaaS market during the forecast period.

Video Surveillance and Vsaas Market

Source: SAI Research

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Based on product type, the market is segmented into analog and IP-based. Among these, the IP-based surveillance category holds the maximum revenue share and it is estimated to witness significant growth during the forecast period from 2022 to 2032 due to better flexibility features with advanced technologies. Additionally, the adoption of IP-based video surveillance camera is increasing, which provide the camera with the enhanced video quality. Based on components, the global video surveillance and VSaaS market are categorized into software, hardware, and other services. The hardware segment is expected to witness huge growth throughout the upcoming years due to its increasing services such as cameras, monitors, encoders, and recorders, among others.

Based on end-users, the global market is segmented into government, transportation, banking and finance, utility and energy, residential, commercial, retail, hospitality, and stadiums, among other sectors. Among these, the retail and transportation categories are estimated to witness significant growth in upcoming years due to the increasing demand for cloud-based services and awareness and promotion of advanced video surveillance application management and solutions. Along with these, residential, commercial, corporate offices, and baking sectors are also expected to drive the growth of the global video surveillance and VSaaS market during the forecast period. VSaaS is becoming more popular due to technological advancements which provide facilities such as H.264 video compression with high-speed internet connections. Additionally, the video quality can be converted into JPEG motion. Based on the region, the Asia-Pacific is expected to drive market growth during the forecast period. The region also held more than 35% market share in the last couple of years. In developing countries such as India and China, the adoption of VSaaS services is growing. For instance, the Indian Institute of Technology, and Indian based Railway Company named RailTail Corporation of India Limited developed artificial intelligence and video surveillance system respectively, which is mainly used on railway platforms for security reasons. Other regions such as North America and Europe are also expected to dominate the market with a significant growth rate throughout the upcoming years.

According to the study, key players such as SASAC Company (China), Dahua Technology Publicly Traded Company (China), Canon Optical Products Company (Japan), Bosch Security and Safety System Company (Germany), Genetec Company (Canada), Huawei Investment and Holding Private Limited Company (China), Motorola Solutions Telecommunications and Equipment Company (U.S), Western Electric Company (U.S), NICE Systems Software Company (Israel), Qognify Inc Software Company (U.S), Tianjin Tiandy Digital Technology Co. Ltd (China), VIVOTEK Inc Company (Taiwan), MOBOTIX Company (Germany), CP PLUS Company (India), SureKAM Corporation IT Service Management Company (China), Teledyne Technologies Industrial Conglomerate Company (U.S), Ivideon Company (U.S), D-Link Network Equipment Company (Taiwan), GeoVision Inc Company (Taiwan), Infinova Corporation Company (U.S), Transom Capital group, LLC Company (U.S), Alarm.com Home Automation Company (U.S), Eagle Eye Networks Video Surveillance Company (U.S), Pacific Controls Company (UAE), Stanley Black and Decker Manufacturing Company (U.S), among others are leading the global video surveillance and vsaas market.

Scope of the Report:

Report Coverage Details
Market Size in 2021 US$ 20.4 Billion
Market Volume Projection by 2023 US$ 71.3 Billion
Forecast Period 2022 to 2032 CAGR 11.5%
Base Year: 2021
Historical Data  2019, 2020 and 2021
Forecast Period 2022 to 2032
Segments covered

By Product Type:  Analog, IP-Based

By Components:  Hardware. Software, Services

By End-Users: Government, Transportation, Banking and Finance, Utility and Energy, Residential, Commercial, Retail, Hospitality, Stadiums & Others

Geographies covered

North America, Europe , Asia-Pacific , LAMEA 

Companies covered SASAC Company (China), Dahua Technology Publicly Traded Company (China), Canon Optical Products Company (Japan), Bosch Security and Safety System Company (Germany), Genetec Company (Canada), Huawei Investment and Holding Private Limited Company (China), Motorola Solutions Telecommunications and Equipment Company (U.S), Western Electric Company (U.S), NICE Systems Software Company (Israel), Qognify Inc Software Company (U.S), Tianjin Tiandy Digital Technology Co. Ltd (China), VIVOTEK Inc Company (Taiwan), MOBOTIX Company (Germany), CP PLUS Company (India), SureKAM Corporation IT Service Management Company (China), Teledyne Technologies Industrial Conglomerate Company (U.S), Ivideon Company (U.S), D-Link Network Equipment Company (Taiwan), GeoVision Inc Company (Taiwan), Infinova Corporation Company (U.S), Transom Capital group, LLC Company (U.S), Alarm.com Home Automation Company (U.S), Eagle Eye Networks Video Surveillance Company (U.S), Pacific Controls Company (UAE), Stanley Black and Decker Manufacturing Company (U.S), among others

The Global Video Surveillance and Vsaas Market Has Been Segmented Into:

The Global Video Surveillance and Vsaas Market – By Product Type:

  • Analog
  • IP-Based

The Global Video Surveillance and Vsaas Market – By Components: 

  • Hardware
  • Software
  • Services

The Global Video Surveillance and Vsaas Market – By End-Users:

  • Government
  • Transportation
  • Banking and Finance
  • Utility and Energy
  • Residential
  • Commercial
  • Retail
  • Hospitality
  • Stadiums
  • And Others

The Global Video Surveillance and Vsaas Market – By Regions:       

North America 

  • U.S.
  • Canada
  • Mexico

Europe

  • Germany
  • France
  • Italy
  • U.K.
  • Russia
  • Rest of Europe Countries

Asia-Pacific

  • India
  • China
  • Japan
  • South Korea
  • North Korea
  • Rest of Asian Countries

LAMEA

  • Brazil
  • Saudi Arabia
  • Rest of LAMEA
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