GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET FORECAST 2021-2028

Inkwood Research anticipates that the Global Video Surveillance as a Service Market will reach $9.24 billion by 2028, growing at a CAGR of 18.55% during the forecast period.

Video surveillance is an important industry to ensure security in key infrastructure and commercial spaces. It not only helps the constant monitoring of the infrastructure but also forms proof of what happened during a mishap. Video Surveillance as a Service, as the name suggests, is an extension of the video surveillance market that uses cloud technology to provide remote storage, viewing, management, and security services to the user.

video-surveillance-as-a-service-market

Key market drivers of the Global Video Surveillance as a Service Market are:

  • Declining prices of cameras
    • The drop in prices of IP cameras is increasing their adoption by companies and institutions.
    • With innovations in surveillance technology, it is expected that there will be a further decline in the price of security solutions.
    • Since Video Surveillance as a Service depends on the video surveillance industry, the price drop is expected to drive the market.
  • Shifting trend from Analog to IP cameras
  • Increasing demand for real time access
  • Complexity of cabling in the use of Analog camera systems

Key factors restraining market growth:

  • Slow internet speed affects the usability
    • Video Surveillance as a Service solution is highly dependent on fast internet to transfer data to the cloud.
    • Many regions in the world face the problem of low-speed internet.
    • This results in a lower adoption of VSaaS solutions in these regions.
  • Lack of common standards cause integration issues
  • Privacy and security concerns for the collected data

The report scope of the Global Video Surveillance as a Service Market covers the segmentation analysis of service and application.

Market by Service:

  • Hosted
  • Managed
    • The segment is gaining higher traction in the service category of the VSaaS market.
    • It entails the maintenance of hardware, upgrades surveillance software, OS user training, and other services, provided by the vendor.
    • The managed VSaaS always delivers additional services to companies who install surveillance software.
    • It is a system suitable for businesses that want to outsource the management of the system to a third party.
  • Hybrid

Geographically, the Global Video Surveillance as a Service Market has been segmented on the basis of four major regions, which includes:

  • North America: The United States and Canada
  • Europe: The United Kingdom, Germany, France, Italy, Russia, Belgium, Poland, and Rest of Europe
  • Asia Pacific: China, Japan, India, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific
    • The Asia Pacific region harbors the largest market share, along with the highest CAGR.
    • In China and India, the expanding infrastructure has given a big boost to video monitoring.
    • Many product releases and technology advances in the security sector for surveillance are expected to aid market growth.
    • Furthermore, the growing transport infrastructure and the rising security standards in various industry modes, drive market growth.
  • Rest of World: Latin America, the Middle East & Africa

The major players in the Global Video Surveillance as a Service Market are:

  • ADT Security Services
  • Cisco
  • Mobotix AG
  • Honeywell International Inc
  • Genetec Inc
  • Others

Key strategies adopted by some of these companies;

ADT purchased CellBounce in December 2020. IndigoVision was purchased by Motorola Solutions Inc in June 2020. Axis Communications released the first cardiovascular camera solution for use by the law and private security forces in March 2020.

Key trends of the Global Video Surveillance as a Service Market:

  • The demand for video surveillance in educational institutions is on the rise.
  • There are higher demands in the banking sector.
  • The retail sector entails ample growth opportunities.
  • The lack of awareness reduces the market potential.

 

Frequently Asked Questions (FAQs):

One of the major benefits of having surveillance data feeds stored in the cloud is the ease of access to the data from anywhere. Also, in the case of a mishap, the stored videos are not destroyed since they are stored in the cloud.
The banking & financial sector garnered the largest share in the VSaaS market.
The United States harbored the largest share in Video Surveillance as a Service market.
TABLE OF CONTENTS
  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
  3. MARKET DYNAMICS
    1. PARENT MARKET ANALYSIS: VIDEO SURVEILLANCE
    2. MARKET DEFINITION
    3. KEY DRIVERS
      1. DECLINING PRICES OF CAMERAS
      2. SHIFTING TREND FROM ANALOG TO IP CAMERAS
      3. INCREASING DEMAND FOR REAL TIME ACCESS BY CONSUMERS
      4. COMPLEXITY OF CABLING IN THE USE OF ANALOG CAMERA SYSTEMS
    4. KEY RESTRAINTS
      1. SLOW INTERNET SPEED AFFECTS THE USABILITY
      2. LACK OF COMMON STANDARDS CAUSE INTEGRATION ISSUES
      3. PRIVACY AND SECURITY CONCERNS FOR THE COLLECTED DATA
  4. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON VIDEO SURVEILLANCE AS A SERVICE MARKET
    2. KEY INVESTMENT INSIGHTS
    3. PORTER’S FIVE FORCE ANALYSIS
      1. BUYER POWER
      2. SUPPLIER POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. OPPORTUNITY MATRIX
    5. VENDOR LANDSCAPE
    6. KEY BUYING CRITERIA
      1. REAL TIME ACCESS TO DATA
      2. COMPLEXITY
      3. COMPATIBILITY WITH EXISTING NETWORK
      4. SCALABILITY
      5. VIDEO MANAGEMENT SOFTWARE
  5. MARKET BY SERVICE
    1. HOSTED
    2. MANAGED
    3. HYBRID
  6. MARKET APPLICATION
    1. BANKING & FINANCIAL SECTOR
    2. RETAIL
    3. GOVERNMENT & HIGHER SECURITY
    4. MANUFACTURING & CORPORATE
    5. RESIDENTIAL
    6. ENTERTAINMENT
    7. HEALTHCARE
    8. OTHERS
  7. GEOGRAPHICAL ANALYSIS
    1. NORTH AMERICA
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. COUNTRY ANALYSIS
        1. UNITED STATES
        2. CANADA
    2. EUROPE
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. COUNTRY ANALYSIS
        1. UNITED KINGDOM
        2. GERMANY
        3. FRANCE
        4. ITALY
        5. RUSSIA
        6. BELGIUM
        7. POLAND
        8. REST OF EUROPE
    3. ASIA PACIFIC
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. COUNTRY ANALYSIS
        1. CHINA
        2. JAPAN
        3. INDIA
        4. SOUTH KOREA
        5. INDONESIA
        6. THAILAND
        7. VIETNAM
        8. AUSTRALIA & NEW ZEALAND
        9. REST OF ASIA PACIFIC
    4. REST OF WORLD
      1. KEY GROWTH ENABLERS
      2. KEY CHALLENGES
      3. KEY PLAYERS
      4. REGIONAL ANALYSIS
        1. LATIN AMERICA
        2. MIDDLE EAST & AFRICA
  8. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. MERGER & ACQUISITIONS
      2. PRODUCT LAUNCH & DEVELOPMENTS
      3. PARTNERSHIP, CONTRACT/AGREEMENT & COLLABORATION
    2. COMPANY PROFILES
      1. ADT SECURITY SERVICES
      2. AXIS COMMUNICATIONS AB
      3. BOSCH SECURITY SYSTEM
      4. CISCO SYSTEMS
      5. CLOUDASTRUCTURE INC
      6. CONTROLBYNET
      7. DURANC
      8. ENVYSION
      9. GENETEC INC
      10. HONEYWELL SECURITY GROUP
      11. INDIGOVISION LTD
      12. IVIDEON
      13. MOBOTIX AG
      14. PACIFIC CONTROLS
      15. VERINT SYSTEMS INC
LIST OF TABLES

TABLE 1: MARKET SNAPSHOT - VIDEO SURVEILLANCE AS A SERVICE

TABLE 2: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY SERVICE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY SERVICE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL HOSTED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL HOSTED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL MANAGED MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL MANAGED MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL HYBRID MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL HYBRID MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY APPLICATION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY APPLICATION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL BANKING & FINANCIAL SECTOR MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL BANKING & FINANCIAL SECTOR MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL RETAIL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL RETAIL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL GOVERNMENT & HIGHER SECURITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL GOVERNMENT & HIGHER SECURITY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL MANUFACTURING & CORPORATE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL MANUFACTURING & CORPORATE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL RESIDENTIAL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL RESIDENTIAL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL ENTERTAINMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL ENTERTAINMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL OTHERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL OTHERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: NORTH AMERICA VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: NORTH AMERICA VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: LEADING PLAYERS OPERATING IN NORTH AMERICA VIDEO SURVEILLANCE AS A SERVICE MARKET

TABLE 33: EUROPE VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 34: EUROPE VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 35: LEADING PLAYERS OPERATING IN EUROPE VIDEO SURVEILLANCE AS A SERVICE MARKET

TABLE 36: ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 37: ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 38: LEADING PLAYERS OPERATING IN ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET

TABLE 39: REST OF WORLD VIDEO SURVEILLANCE AS A SERVICE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 40: REST OF WORLD VIDEO SURVEILLANCE AS A SERVICE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 41: LEADING PLAYERS OPERATING IN REST OF THE WORLD VIDEO SURVEILLANCE AS A SERVICE MARKET

LIST OF FIGURES

FIGURE 1: KEY INVESTMENT INSIGHTS

FIGURE 2: PORTER’S FIVE FORCE ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: KEY BUYING CRITERIA

FIGURE 6: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, GROWTH POTENTIAL, BY SERVICE, IN 2020

FIGURE 7: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY HOSTED, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY MANAGED, 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY HYBRID, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2020

FIGURE 11: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY BANKING & FINANCIAL SECTOR, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY RETAIL, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY GOVERNMENT & HIGHER SECURITY, 2021-2028 (IN $ MILLION)

FIGURE 14: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY MANUFACTURING & CORPORATE, 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY RESIDENTIAL, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY ENTERTAINMENT, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

FIGURE 18: GLOBAL VIDEO SURVEILLANCE AS A SERVICE MARKET, BY OTHERS, 2021-2028 (IN $ MILLION)

FIGURE 19: NORTH AMERICA VIDEO SURVEILLANCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 20: UNITED STATES VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 21: CANADA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: EUROPE VIDEO SURVEILLANCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 23: UNITED KINGDOM VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 24: GERMANY VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: FRANCE VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: ITALY VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: RUSSIA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: BELGIUM VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: POLAND VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: REST OF EUROPE VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 32: CHINA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 33: JAPAN VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: INDIA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: SOUTH KOREA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: INDONESIA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: THAILAND VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: VIETNAM VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: AUSTRALIA & NEW ZEALAND VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: REST OF ASIA PACIFIC VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 41: REST OF WORLD VIDEO SURVEILLANCE AS A SERVICE MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 42: LATIN AMERICA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

FIGURE 43: MIDDLE EAST & AFRICA VIDEO SURVEILLANCE AS A SERVICE MARKET, 2021-2028 (IN $ MILLION)

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