Market Overview
Video surveillance as a service is the process of observing & monitoring the behavior, movements, and activities of a group or an individual to offer enhanced security. Increasing demand of cloud technology assists the enterprises like large and small business units to preserve their data into cloud for tracking. The rising on-cloud deployment also plays a key role in attaining the largest share of the video surveillance by the conclusion of the estimated period. Verticals such as government departments, retail stores, transportation, hospitals, among others are some of the rapidly developing areas where video surveillance is widely employed as service.
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The incorporation of the video surveillance interfaces within a transportation sector is also considered as a key area interest owing to the existence of renowned players. Organizations like Hangzhou Hikvision Digital Technology Co., Ltd., a renowned supplier of pioneering video surveillance solutions and products, had teamed up with the Memphis Police Department (MPD) to safeguard the inhabitants of Memphis in Tennessee, the U.S. The region has also created a Real Time Crime Center where they can watch live video feeds and offer vital information to officials before they reach a crime scene. The dominant factors contributing to the development of the global video surveillance as a service market include the growing demand for internet of things (IoT) solutions coupled with the rising adoption of high end cameras in different industries. High end cameras help in capturing accurate and clear images which makes them extremely popular nowadays.
Market Segmentation
The global Video Surveillance as a Service Market is segmented based on component, application, service, end user, and region. Based on components, the market is categorized into analytics/software and hardware. According to application the market is classified into industrial, commercial, residential, infrastructure, and others. Based on services, the market is segmented into hosted services, managed services, and others. Based on end-users, the market is segmented into industrial, commercial, residential, and infrastructure.
Key Players
The key players of global video surveillance as a service 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.
Regional Analysis
According to the regional analysis, the global video surveillance as a service market is segmented into Asia Pacific, Europe, North America, and rest of the world (RoW). North America holds the largest regional market. The United States of America (USA) represents the strongest market within North America. Several key players are based in the USA market. The forces propelling the development of the North America market comprise progressions in the Information Technologies (IT) sector, spurring technological innovations, stringent government norms, and expanding focus on critical infrastructure protection. Canada can also be considered as a prominent market for the video surveillance solutions. Market Research Future reveals in its report that the APAC market is estimated to expand at a rapid rate throughout the estimation period. The major drivers existing within the APAC market include the technological progressions, rising awareness about video surveillance, spurring demand for the cloud services, expanding need for smart cities, government initiatives, and safety norms. The leading markets in this region constitutes India, China, South Korea, and Japan, followed by the rest of the APAC region. Europe is expected to develop consistently during the assessment period. The Europe market is estimated to thrive owing to the factors like progressions in the technology verticals, government regulations, and surged adoption of cloud-enabled video surveillance. Within Europe, the substantial country-specific markets consist of Germany, France, the United Kingdom (UK), and Russia, followed by the rest of Europe.
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Intended Audience
- Video Surveillance Manufacturers
- Video Surveillance Distributors
- Research firms
- Consultancy firms
- Software developers
- Vendors from various verticals such as Envision Inc, Axis Communications, Brivo Inc among others
- Semiconductor Manufacturers
- Stakeholders
- End-user sectors
- Investors
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