Video Surveillance-as-a-Service Market Size - By Type (Hosted, Managed, Hybrid), Organization Size (SMEs, Large Enterprises), Application (Security, Monitoring & Management, Smart City & IoT, Industrial & Critical Infrastructure), End User, Forecast, 2023-2032
Published Date: March - 2025 | Publisher: MIR | No of Pages: 240 | Industry: Media and IT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationVideo Surveillance-as-a-Service Market Size - By Type (Hosted, Managed, Hybrid), Organization Size (SMEs, Large Enterprises), Application (Security, Monitoring & Management, Smart City & IoT, Industrial & Critical Infrastructure), End User, Forecast, 2023-2032
Video Surveillance-as-a-Service Market Size
Video Surveillance-as-a-Service Market was USD 3.5 billion in 2022 and is anticipated to grow with a CAGR of more than 14.5% during 2023-2032, owing to growing investments in video surveillance system businesses. Video surveillance businesses are gaining substantial investments, which is allowing them to come up with innovative technologies and scale their offerings. For example, in July 2023, Solink raised USD 60 million in funding in its Series C funding round. The funding was led by Goldman Sachs Asset Management's growth equity business with active involvement from Solink's existing investors, OMERS Ventures, and the BDC IT Ventures.
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Remote accessibility is a driving factor behind the growth of the video surveillance-as-a-service market. VSaaS allows users to view live or stored video streams from their surveillance cameras remotely over the internet. Remote viewing empowers individuals and organizations to see what is happening on their grounds in real-time, improving security and situational awareness. In addition, the market is also experiencing a growing demand, fueled by the accelerated expansion of the wireless video surveillance market and the growing use of surveillance radar system solutions.
| Report Attribute | Details |
|---|---|
| Base Year | 2022 |
| Video Surveillance-as-a-Service Market Size in 2022 | USD 3.5 Billion |
| Forecast Period | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR | 14.5% |
| 2032 Value Projection | USD 13.9 Billion |
| Historical Data for | 2018 to 2022 |
| No. of Pages | 277 |
| Tables, Charts & Figures | 334 |
| Segments covered | Type, Organization Size, Application, End User, and Region |
| Growth Drivers |
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| Pitfalls & Challenges |
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What are the growth opportunities in this market?
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Wireless technology has revolutionized the deployment and management of surveillance systems, offering enhanced convenience. Furthermore, the collaboration between VSaaS and surveillance radar systems has resulted in more comprehensive security solutions, enabling real-time monitoring and threat detection. This synergy underscores the market's growth, providing efficient, scalable, and versatile security options.
Security concerns are a significant challenge hindering the VSaaS market demand. Potential breaches, unauthorized access, or data theft incidents can erode user trust in cloud-based surveillance solutions. Ensuring robust encryption, data security protocols, and compliance with stringent privacy standards is essential for VSaaS providers. Building and maintaining customer confidence in the safety & integrity of their stored surveillance data is crucial to overcoming these security challenges and encouraging wider adoption of VSaaS technologies.
COVID-19 Impact
The COVID-19 pandemic had positively impacted the video surveillance-as-a-service (VSaaS) market. With the increased focus on health and safety protocols, businesses & public spaces have turned to VSaaS solutions to monitor occupancy, enforce social distancing, and enhance security measures. Remote access features have become crucial, enabling real-time monitoring of compliance. The pandemic accelerated the adoption of cloud-based surveillance as organizations started prioritizing flexible, scalable & contactless security solutions in the new normal, thereby driving market size.
Video Surveillance-as-a-Service Market Trends
The growing need for flexible and scalable solutions is driving significant growth in the video surveillance-as-a-service market. Companies are increasingly looking for flexible surveillance solutions that can scale up or down with changing requirements. For example, in October 2023, Milestone Systems, a provider of video technology, announced a future feature in its Milestone Kite VSaaS software, a new camera-to-cloud deployment option. This new innovation echoes Milestone's focus on flexible and scalable solutions that address evolving needs in the surveillance market. VSaaS responds to this need by providing adjustable camera installations and scalable cloud storage.
Adoption of video surveillance-as-a-service market is being propelled by the need for real-time analytics. Companies are increasingly depending on VSaaS offerings with sophisticated video analytics capabilities to obtain usable information from surveillance. These findings allow organizations to make data-driven decisions, improve customer behavior understanding, and increase operation efficiency. VSaaS makes businesses able to instantly react to security breaches, automate workflows & maximize overall productivity. Therefore, it is a mandatory tool for any business seeking valuable insights from the surveillance system.
Video Surveillance-as-a-Service Market Analysis
Discover more about the most relevant segments defining this market
By type, the hosted segment is anticipated to grow at a CAGR of approximately 13.5% over the forecast period, attributable to its strong security features and smooth integration support. Cloud hosting supports data reliability with encryption and robust backup options, improving system dependability for organizations. Hosted VSaaS solutions also integrate smoothly with multiple security solutions, access control, and business analytics products. This integration not only enhances security but also simplifies operations, making it the preferred option for companies looking for scalable, secure & integrated surveillance solutions.
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Based on end user, the commercial segment size dominated around USD 1.1 billion in 2022. Partnerships between firms for cloud and AI innovation in surveillance services are propelling the commercial end-user segment growth. Moreover, collaborations between tech companies enhance cloud-based solutions and implement AI algorithms, providing businesses with advanced analytics & efficient security measures.
For instance, in August 2023, Eagle Eye Networks, a cloud video surveillance company, teamed up with a prominent security integration company, ESSCOR to offer cloud video surveillance services. These services provide AI insights, security, cybersecurity assurance, and a positive return on investment for commercial businesses. Furthermore, businesses are also embracing digital transformation, favoring cloud solutions and managed services to enhance their security measures.
Looking for region specific data?
North America video surveillance-as-a-service market share of over 35% in 2022, owing to rapid technological advancements in the region. The region serves as a focal point for innovation, fostering the development of cutting-edge cloud-based surveillance systems. These systems incorporate features such as artificial intelligence analytics and real-time monitoring, catering to the sophisticated demands of businesses & organizations. The continuous evolution of technology in North America also ensures that VSaaS solutions remain at the forefront, offering advanced capabilities that align with the dynamic security requirements of the market.
Video Surveillance-as-a-Service Market Share
Major companies operating in the video surveillance-as-a-service industry are
- Axis Communications
- Dahua
- Eagle Eye Networks
- Genetec
- Hikvision
- Ivideon
- Mobotix
- Nest (by Google)
- Netgear (Arlo)
- Verkada
- VIVOTEK
Hikvision and Axis Communications are prominent players in VSaaS market due to their extensive global presence, robust financial expertise, and comprehensive service offerings. Both companies are dedicated to advancing the capabilities of VSaaS, ensuring that clients have access to cutting-edge technology for their security and surveillance requirements. Their contributions include innovative product development, comprehensive system integration, and robust cloud-based solutions, thus playing a significant role in shaping the future of the market.
Video Surveillance-as-a-Service Industry News
- In September 2023, Verkada, a leading provider of cloud-managed enterprise building security, has joined forces with Convergint, a global service-based systems integration pioneer. Their collaboration, rooted in a mutual dedication to safety and customer satisfaction, leverages Convergint's extensive global presence and Verkada's top-notch technology. This partnership enables both entities to extend their services to a wider international customer audience, capitalizing on their combined strengths in the security and management solutions domain.
The video surveillance-as-a-service (VSaaS) market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) from 2018 to 2032, for the following segments
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Market, By Type
- Hosted
- Managed
- Hybrid
Market, By Organization Size
- SMEs
- Large enterprises
Market, By Application
- Security
- Monitoring & management
- Smart city & IoT
- Industrial & critical infrastructure
- Others
Market, By End User
- Residential
- Commercial
- Enterprise
- Government & public sector
The above information has been provided for the following regions and countries
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Italy
- Spain
- Nordics
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Southeast Asia
- Latin America
- Brazil
- Mexico
- Argentina
- MEA
- UAE
- South Africa
- Saudi Arabia
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