Product Code: BWC23481
Global Video Surveillance and VSaaS Market Size Set to Grow at Steady CAGR of 13.95% to Reach USD 152.3 Billion by 2029
Global video surveillance and VSaaS market is rapidly growing due to increasing concerns regarding public safety, rising demand for advanced surveillance systems, technological advancements in cameras and analytics, and the growing adoption of cloud-based services for video surveillance management.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated global video surveillance and VSaaS market size at USD 61.61 billion in 2022. During the forecast period between 2023 and 2029, global video surveillance and VSaaS market size is to grow at a robust CAGR of 13.95% reaching a value of USD 152.3 billion by 2029. The growing demand for cloud-based video surveillance systems, which offer scalability, remote accessibility, and cost-effectiveness, is a major driver driving the growth of the global video surveillance and VSaaS market. Also, artificial intelligence (AI) and machine learning (ML) technologies are increasingly being used in video surveillance systems, enabling advanced analytics, facial recognition, and behavior analysis. Another emerging trend is the combination of video surveillance and other technologies, such as Internet of Things (IoT) sensors, to create full security ecosystems. Enhancing video analytics capabilities, such as real-time monitoring, predictive analytics, and preemptive threat detection, is becoming increasingly important. Finally, privacy concerns and the need for data security are pushing the development of regulatory-compliant privacy-centric video surveillance solutions.
Global Video Surveillance and VSaaS Market - Overview:
Electrical equipment called power and distribution transformers are used to move electrical energy from one circuit to another, usually at various voltage levels. To step up or step down voltages for effective transmission and distribution over long distances, power transformers are generally used in power-producing plants and substations. They can sustain high voltage levels and can manage high power levels. The delivery of electrical energy to end consumers at lower voltage levels, often in residential, commercial, and industrial settings, is accomplished by distribution transformers. By controlling voltage and minimizing electrical losses during distribution, they play a critical part in preserving a secure and dependable electricity supply.
Impact of COVID-19 on Global Video Surveillance and VSaaS Market
The COVID-19 pandemic significantly impacted the global video surveillance and VSaaS (Video Surveillance as a Service) market. With the implementation of lockdowns and social distancing measures, the demand for video surveillance has surged across various sectors such as healthcare, retail, and transportation. The need to monitor and enforce safety protocols, track occupancy levels, and ensure public safety has driven the adoption of video surveillance solutions. Also, the shift towards remote working has increased the demand for VSaaS, allowing businesses to monitor their premises and assets remotely. However, supply chain disruptions and economic uncertainties have affected the market growth to some extent. Overall, the pandemic has accelerated the adoption of video surveillance and VSaaS solutions worldwide.
Global Video Surveillance and VSaaS Market - By Component:
On the basis of component, global video surveillance and VSaaS market is divided into Hardware, Software, and Services. The largest segment in the Global Video Surveillance and VSaaS (Video Surveillance as a Service) market is the hardware segment. This segment includes the physical equipment required for video surveillance systems, such as cameras, recorders, storage devices, and monitors. With the increasing demand for video surveillance solutions in various industries, the hardware segment has experienced significant growth. Technological advancements, such as the development of high-resolution cameras and network-based video surveillance systems, have further boosted the demand for hardware components. Also, the hardware segment is expected to continue its dominance in the market due to the continuous need for upgrading and replacing outdated surveillance equipment.
Competitive Landscape:
Global video surveillance and VSaaS market is fiercely competitive. Major companies in the market include Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., Axis Communications AB, Hanwha Techwin Co., Ltd., Avigilon Corporation, Bosch Security Systems, Inc., Honeywell International Inc., Pelco, Inc., Panasonic Corporation, FLIR Systems, Inc., Genetec Inc., Milestone Systems A/S, Verint Systems Inc., Zhejiang Uniview Technologies Co., Ltd., and March Networks Corporation. Companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in global video surveillance and VSaaS market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of Global Video Surveillance and VSaaS Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in Global Video Surveillance and VSaaS Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Global Video Surveillance and VSaaS Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. The growing need for enhanced security measures across various sectors
- 3.2.1.2. Advancements in technology such as high-definition cameras, video analytics, artificial intelligence (AI), and cloud-based solutions lead to increased adoption.
- 3.2.1.3. Government initiatives: Governments worldwide are implementing regulations and initiatives to enhance public safety and security, which often include the deployment of video surveillance systems.
- 3.2.1.4. VSaaS offers cost advantages over traditional surveillance systems
- 3.2.2. Restraints
- 3.2.2.1. The increasing use of video surveillance raises concerns about data security and privacy
- 3.2.2.2. High initial implementation costs, including cameras, software, and network infrastructure for large-scale deployments.
- 3.2.3. Opportunities
- 3.2.3.1. Increasing demand from emerging economies
- 3.2.4. Challenges
- 3.2.4.1. Compatibility and interoperability issues due to integrating video surveillance systems with existing infrastructure and third-party systems
- 3.3. Component Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Global Video Surveillance and VSaaS Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share and Forecast
- 4.2.1. By Product
- 4.2.1.1. Analog
- 4.2.1.2. IP-based
- 4.2.2. By Component
- 4.2.2.1. Hardware
- 4.2.2.2. Software
- 4.2.2.3. Services
- 4.2.3. By Application
- 4.2.3.1. Residential
- 4.2.3.2. Retail
- 4.2.3.3. Transportation
- 4.2.3.4. Industrial
- 4.2.3.5. Healthcare
- 4.2.3.6. Others
- 4.2.4. By Region
- 4.2.4.1. North America
- 4.2.4.2. Europe
- 4.2.4.3. Asia Pacific (APAC)
- 4.2.4.4. Latin America (LATAM)
- 4.2.4.5. Middle East and Africa (MEA)
5. North America Video Surveillance and VSaaS Market
- 5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
- 5.2. Market Share & Forecast
- 5.2.1. By Product
- 5.2.2. By Component
- 5.2.3. By Application
- 5.2.4. By Country
- 5.2.4.1. United States
- 5.2.4.1.1. By Product
- 5.2.4.1.2. By Component
- 5.2.4.1.3. By Application
- 5.2.4.2. Canada
- 5.2.4.2.1. By Product
- 5.2.4.2.2. By Component
- 5.2.4.2.3. By Application
6. Europe Video Surveillance and VSaaS Market
- 6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
- 6.2. Market Share & Forecast
- 6.2.1. By Product
- 6.2.2. By Component
- 6.2.3. By Application
- 6.2.4. By Country
- 6.2.4.1. Germany
- 6.2.4.1.1. By Product
- 6.2.4.1.2. By Component
- 6.2.4.1.3. By Application
- 6.2.4.2. United Kingdom
- 6.2.4.2.1. By Product
- 6.2.4.2.2. By Component
- 6.2.4.2.3. By Application
- 6.2.4.3. Italy
- 6.2.4.3.1. By Product
- 6.2.4.3.2. By Component
- 6.2.4.3.3. By Application
- 6.2.4.4. France
- 6.2.4.4.1. By Product
- 6.2.4.4.2. By Component
- 6.2.4.4.3. By Application
- 6.2.4.5. Spain
- 6.2.4.5.1. By Product
- 6.2.4.5.2. By Component
- 6.2.4.5.3. By Application
- 6.2.4.6. Belgium
- 6.2.4.6.1. By Product
- 6.2.4.6.2. By Component
- 6.2.4.6.3. By Application
- 6.2.4.7. Russia
- 6.2.4.7.1. By Product
- 6.2.4.7.2. By Component
- 6.2.4.7.3. By Application
- 6.2.4.8. Netherlands
- 6.2.4.8.1. By Product
- 6.2.4.8.2. By Component
- 6.2.4.8.3. By Application
- 6.2.4.9. Rest of Europe
- 6.2.4.9.1. By Product
- 6.2.4.9.2. By Component
- 6.2.4.9.3. By Application
7. Asia Pacific Video Surveillance and VSaaS Market
- 7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
- 7.2. Market Share & Forecast
- 7.2.1. By Product
- 7.2.2. By Component
- 7.2.3. By Application
- 7.2.4. By Country
- 7.2.4.1. China
- 7.2.4.1.1. By Product
- 7.2.4.1.2. By Component
- 7.2.4.1.3. By Application
- 7.2.4.2. India
- 7.2.4.2.1. By Product
- 7.2.4.2.2. By Component
- 7.2.4.2.3. By Application
- 7.2.4.3. Japan
- 7.2.4.3.1. By Product
- 7.2.4.3.2. By Component
- 7.2.4.3.3. By Application
- 7.2.4.4. South Korea
- 7.2.4.4.1. By Product
- 7.2.4.4.2. By Component
- 7.2.4.4.3. By Application
- 7.2.4.5. Australia & New Zealand
- 7.2.4.5.1. By Product
- 7.2.4.5.2. By Component
- 7.2.4.5.3. By Application
- 7.2.4.6. Indonesia
- 7.2.4.6.1. By Product
- 7.2.4.6.2. By Component
- 7.2.4.6.3. By Application
- 7.2.4.7. Malaysia
- 7.2.4.7.1. By Product
- 7.2.4.7.2. By Component
- 7.2.4.7.3. By Application
- 7.2.4.8. Singapore
- 7.2.4.8.1. By Product
- 7.2.4.8.2. By Component
- 7.2.4.8.3. By Application
- 7.2.4.9. Vietnam
- 7.2.4.9.1. By Product
- 7.2.4.9.2. By Component
- 7.2.4.9.3. By Application
- 7.2.4.10. Rest of APAC
- 7.2.4.10.1. By Product
- 7.2.4.10.2. By Component
- 7.2.4.10.3. By Application
8. Latin America Video Surveillance and VSaaS Market
- 8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
- 8.2. Market Share & Forecast
- 8.2.1. By Product
- 8.2.2. By Component
- 8.2.3. By Application
- 8.2.4. By Country
- 8.2.4.1. Brazil
- 8.2.4.1.1. By Product
- 8.2.4.1.2. By Component
- 8.2.4.1.3. By Application
- 8.2.4.2. Mexico
- 8.2.4.2.1. By Product
- 8.2.4.2.2. By Component
- 8.2.4.2.3. By Application
- 8.2.4.3. Argentina
- 8.2.4.3.1. By Product
- 8.2.4.3.2. By Component
- 8.2.4.3.3. By Application
- 8.2.4.4. Peru
- 8.2.4.4.1. By Product
- 8.2.4.4.2. By Component
- 8.2.4.4.3. By Application
- 8.2.4.5. Rest of LATAM
- 8.2.4.5.1. By Product
- 8.2.4.5.2. By Component
- 8.2.4.5.3. By Application
9. Middle East & Africa Video Surveillance and VSaaS Market
- 9.1. Market Size & Forecast, 2019-2029
- 9.1.1. By Value (USD Million)
- 9.2. Market Share & Forecast
- 9.2.1. By Product
- 9.2.2. By Component
- 9.2.3. By Application
- 9.2.4. By Country
- 9.2.4.1. Saudi Arabia
- 9.2.4.1.1. By Product
- 9.2.4.1.2. By Component
- 9.2.4.1.3. By Application
- 9.2.4.2. UAE
- 9.2.4.2.1. By Product
- 9.2.4.2.2. By Component
- 9.2.4.2.3. By Application
- 9.2.4.3. Qatar
- 9.2.4.3.1. By Product
- 9.2.4.3.2. By Component
- 9.2.4.3.3. By Application
- 9.2.4.4. Kuwait
- 9.2.4.4.1. By Product
- 9.2.4.4.2. By Component
- 9.2.4.4.3. By Application
- 9.2.4.5. South Africa
- 9.2.4.5.1. By Product
- 9.2.4.5.2. By Component
- 9.2.4.5.3. By Application
- 9.2.4.6. Nigeria
- 9.2.4.6.1. By Product
- 9.2.4.6.2. By Component
- 9.2.4.6.3. By Application
- 9.2.4.7. Algeria
- 9.2.4.7.1. By Product
- 9.2.4.7.2. By Component
- 9.2.4.7.3. By Application
- 9.2.4.8. Rest of MEA
- 9.2.4.8.1. By Product
- 9.2.4.8.2. By Component
- 9.2.4.8.3. By Application
10. Competitive Landscape
- 10.1. List of Key Players and Their Product
- 10.2. Global Video Surveillance and VSaaS Market Share Analysis, 2022
- 10.3. Competitive Benchmarking, By Operating Parameters
- 10.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
11. Impact of Covid-19 on Global Video Surveillance and VSaaS Market
12. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 12.1. Hangzhou Hikvision Digital Technology Co., Ltd.
- 12.2. Dahua Technology Co., Ltd.
- 12.3. Axis Communications AB
- 12.4. Hanwha Techwin Co., Ltd.
- 12.5. Avigilon Corporation
- 12.6. Bosch Security Systems, Inc.
- 12.7. Honeywell International Inc.
- 12.8. Pelco, Inc.
- 12.9. Panasonic Corporation
- 12.10. FLIR Systems, Inc.
- 12.11. Genetec Inc.
- 12.12. Milestone Systems A/S
- 12.13. Verint Systems Inc.
- 12.14. Zhejiang Uniview Technologies Co., Ltd.
- 12.15. March Networks Corporation
- 12.16. Other Prominent Players
13. Key Strategic Recommendations
14. Research Methodology
- 14.1. Qualitative Research
- 14.1.1. Primary & Secondary Research
- 14.2. Quantitative Research
- 14.3. Market Breakdown & Data Triangulation
- 14.3.1. Secondary Research
- 14.3.2. Primary Research
- 14.4. Breakdown of Primary Research Respondents, By Region
- 14.5. Assumptions & Limitations