The global "IP video surveillance and Video Surveillance as a Service (VSaaS) Market" is set to experience substantial growth, projected to reach USD 77.06 billion by 2029, with a compound annual growth rate (CAGR) of 13.12% during the forecast period. This growth trajectory is driven by various factors that are reshaping the landscape of video surveillance.
Report Coverage Details
• Base Year: 2021
• Forecast Period: 2022-2029
• Historical Data: 2017 to 2021
• Market Size in 2021: US $ 28.74 Bn.
• Forecast Period 2022 to 2029 CAGR: 13.12%
• Market Size in 2029: US $ 77.06 Bn.
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Market Dynamics
The rise in market size is largely attributed to the increasing flexibility and scalability offered by IP video surveillance systems. These systems reduce cabling complexities, enhance intelligence services, and provide real-time video access, all contributing to their growing adoption. Additionally, their compatibility with existing networks and the ability to operate remotely have further bolstered their appeal.
The Asia-Pacific region, in particular, is anticipated to witness remarkable growth due to the rapid development of technology and the increasing demand for cloud-based solutions. The expansion of retail and IT sectors in this region is also a significant growth driver. However, challenges such as system vulnerabilities to cyber-attacks and limited channel partner support pose hurdles to market advancement.
Key Market Segments
- By Type:
- IP Cameras
- Monitors
- Storage
- Video Management Systems (VMS)
- Video Analytics
- Cloud Storage
- Video Surveillance as a Service (VSaaS) including Hosted, Managed, and Hybrid VSaaS
- Integration Services
- By Application:
- Banking & Financial
- Retail
- Healthcare
- Government & Higher Education
- Security
- Manufacturing & Corporate
- Residential
- Entertainment & Casino
- By Region:
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- South America
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Key Players
The competitive landscape of the IP video surveillance and VSaaS market is marked by the presence of several prominent players:
- Avigilon Corporation
- Axis Communications AB
- D-Link
- Genetec Inc.
- Infinova Group
- Milestone Systems
- Panasonic Corporation
- Mobotix AG
- Geovision Inc.
- Arecont Vision
- Hikvision Ltd.
Scope of the Report
The report provides a comprehensive assessment of the IP video surveillance and VSaaS market, covering:
- Historical Data and Forecast: Analysis from 2017 to 2021 with projections up to 2029.
- Segmentation: Detailed insights by type, application, and region.
- Competitive Analysis: Strategic perspectives and market positioning of key players.
- Market Trends: Development strategies, challenges, and opportunities.
- Impact of COVID-19: Evaluation of the pandemic's effect on market dynamics.
The study equips stakeholders with valuable insights into market drivers, constraints, and future growth potential, making it a vital resource for decision-making and strategic planning in the evolving field of video surveillance and VSaaS.
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