VSaaS Market To Generate $13,584.3 Million Revenue by 2030, says P&S Intelligence
Friday, June 24, 2022
NEW YORK, June 16, 2022 /PRNewswire/ -- According to the market research study published by P&S Intelligence, the VSaaS market accounted for $2,992.4 million in 2021, which is set to hit $13,584.3 million by 2030, growing at an 18.3% CAGR between 2021 and 2030. A video surveillance system coordinates the operation of several video systems, to collect, organize, and show footage clearly. With the integration of smart cameras and the numerous sensors that go into them, there has been a trend of more in-band analytics.
Cloud-Based Services Are Creating Opportunities
Cloud-based video surveillance systems are becoming increasingly popular. Cloud computing improvements and increased bandwidth availability make this type of deployment more desirable among end users and profitable for suppliers. Benefits of uploading locally recorded video data to the cloud include the simplicity with which security monitoring teams may gain access, thus ensuring wider coverage, preventing evidence tampering, and responding faster.
Get the sample pages of this report at: https://www.psmarketresearch.com/market-analysis/video-surveillance-as-a-service-market/report-sample
Hosted Category Accounted for 35% Market Share
In 2021, the hosted category held an over 35% share in the video surveillance as a service market because of the widespread use of hosted VSaaS in the retail and residential sectors and development of smart cities. Furthermore, the growing popularity of smartphones, availability of high-speed internet, and commercialization of 5G services are propelling the market globally. Furthermore, reduced subscription rates have come from the decreasing cloud storage costs, thus leading to an increase in the number of clients selecting hosted video services throughout sectors.
North America leads the market, with around 40% revenue share in 2021, due to the increasing terrorism, growing crime rates, and the government steps to install modern surveillance systems in public and commercial buildings. Furthermore, the rising popularity of the smart city idea would propel the video surveillance as a service market in APAC to new heights. Innovative video surveillance technologies are being incorporated into local administration ecosystems to improve security in the region.
Browse detailed report on Video Surveillance as a Service Market Analysis, Share, Size, Future Demand, Top Leading player, and Emerging Trends
BFSI Industry Increasingly Relying on VSaaS
Because of people's increasing spending power, the BFSI industry has boomed tremendously in recent years. The acceptance of VSaaS in financial institutions to monitor staff and customers has been growing over the last few years, owing to the benefits provided by VSaaS, including flexibility in adding devices, online access to surveillance data, and reduced initial investments. These services also serve to avoid kidnappings and robberies, identify damage and fraud at cash registers, and incorporate security and safety principles into banking procedures, which is why the video surveillance as a service market is expected to expand at a significant pace.
Video Surveillance as a Service Market Segmentation Analysis
-- Manufacturing & Corporate
-- Government & Security
-- North America
-- South Korea
-- Latin America
-- Middle East and Africa
-- Saudi Arabia
-- South Africa
Browse More Related Reports
Global OTT Services Market Recent Trends, Developments and Opportunities
Global Video Streaming Market Recent Trends, Developments and Opportunities
Global Metaverse Market Recent Trends, Developments and Opportunities
About P&S Intelligence
P&S Intelligence provides market research and consulting services to a vast array of industries across the world. As an enterprising research and consulting company, P&S believes in providing thorough insights on the ever-changing market scenario, to empower companies to make informed decisions and base their business strategies with astuteness. P&S keeps the interest of its clients at heart, which is why the insights we provide are both honest and accurate. Our long list of satisfied clients includes entry-level firms as well as multi-million-dollar businesses and government agencies.
Follow Us: LinkedIn Twitter
View original content:https://www.prnewswire.com/news-releases/vsaas-market-to-generate-13-584-3-million-revenue-by-2030--says-ps-intelligence-301568682.html
SOURCE P&S Intelligence
||Singapore Building Management System Market Report 2021-2027: Disruptive Technologies and Competition from Start-ups Stimulate the Progression of BMSs | Jun 29, 2022
||ACOMART Selects Intertrust ExpressPlay DRM to Distribute Protected African Content Worldwide | Jun 29, 2022
||Minors Use Discord Servers to Earn Extra Pocket Money Through Spreading Malware | Jun 29, 2022
||Bolster Inc. Attains SOC2 Type II Compliance | Jun 29, 2022
||DARA LESLIE APPOINTED AS SENIOR VICE PRESIDENT OF SALES AND MARKETING FOR SHENTEL | Jun 24, 2022
||Perception Point Ranks #1 and is Awarded AAA Rating for Email Security Services Protection in SE Labs Report | Jun 24, 2022
||Using More Complex IT Security Strategies Does Not Necessarily Increase Security, Survey Finds | Jun 24, 2022
||Content Services Platforms Market To Surpass $155.8 Billion Value by 2030, finds P&S Intelligence | Jun 24, 2022
||Global In-game Advertising Market Estimated to Reach $17,591.6 Million and Grow at 11.0% CAGR in the 2022-2030 Timeframe [245-Pages] | Report by Research Dive | Jun 24, 2022
||Outlook on the Network Detection and Response Global Market to 2026 - Rising E-commerce Sales and Increasing Digitalization is Driving Growth | Jun 24, 2022