Video Surveillance And VSaaS Market (2024 - 2030) Size, Share & Trends Analysis Report By Type (Analog Video Surveillance, IP Video Surveillance), By Vertical (Commercial, Industrial, Residential), By Region, And Segment Forecasts

Video Surveillance And VSaaS Market Summary

The scalability offered by video surveillance-as-a-service to organizations allows them to scale up or down surveillance systems easily. Remote accessibility, cloud-based VSaaS provides remote access to surveillance footage, improving monitoring. Analytics & AI-based VSaaS solutions benefit from integrating analytics and AI, such as facial recognition, object detection, and others.

VSaaS is one of the fastest-growing verticals in the video surveillance market. Technology is advancing rapidly, security threats are increasing, and the demand for cost-effective, scalable video surveillance solutions is rising. Key trends boosting the market growth include Cloud VSaaS, one of the fastest-growing cloud-based software-as-a-service (SaaS) solutions. This is largely due to cloud-based solutions' scalability benefits, remote access capabilities, and low infrastructure costs. Cloud-based software as a service provider offers end-to-end solutions that are easy to deploy and implement for businesses of all sizes.

Type Insights

The IP video surveillance systems segment accounted for the largest revenue share in 2023. Customers' requirements for superior image quality, higher scalability, and flexibility drive the demand for IP video surveillance systems. IP cameras provide more apparent video footage in high definition compared to traditional analog systems, improving evidence collection and identification.

The hybrid video surveillance systems segment is anticipated to register the fastest CAGR over the forecast period. Hybrid systems combine traditional analog cameras with modern IP technology. This enables organizations to utilize their current infrastructure while upgrading digital capabilities. The increasing use of wireless and spy cameras in hybrid systems enhances covert surveillance services and flexibility, driving market growth.

Vertical Insights

The commercial segment accounted for the largest market share in 2023 due to increasing theft, unauthorized access, vandalism, and employee misconduct, and security risk in retail stores, banks, corporations, & other industries. Video surveillance serves as a preventive measure and aids in the examination of incidents. These factors are creating a strong demand for video surveillance solutions within the commercial segment.

The industrial segment is anticipated to register the fastest CAGR over the forecast period. The emergence of Industry 4.0 is promoting the merging of video surveillance with other automation systems to foster security and provide a broader operational overview.

Regional Insights

North America video surveillance and VSaaS market was identified as a lucrative region in 2023. The early adoption of new technologies, rising security concerns, and the presence of major market players in this region are driving the market growth. Various video surveillance and VSaaS firms are based in North America leading to innovative research and development in the video surveillance market.

U.S. Video Surveillance and VSaaS Market Trends

The U.S. video surveillance and VSaaS market has significantly grown during the forecast period. The massive investment by the government in security infrastructure, including video surveillance systems for public spaces and critical infrastructure, is one of the key drivers attributing to the market growth. Moreover, governmental grants or incentives also contribute to expanding the market for security solutions. The commercial sector, including retail, banking, and hospitality, increasingly adopts video surveillance for loss prevention, fraud detection, and customer safety.

Asia Pacific Video Surveillance and VSaaS Market Trends

Asia Pacific video surveillance and VSaaS market dominated the global Video Surveillance and VSaaS market in 2023. Rapid urbanization in this region is resulting in the emergence of cities and the development of infrastructure. This expansion requires strong security measures to protect public areas, essential facilities, and companies. Additionally, rising crime rates and security risks in the retail, manufacturing, and transportation industries drive the need for video surveillance solutions. In March 2024, Transline Technologies Limited collaborated with RailTel Corporation of India Ltd and Telecommunications Consultants India Limited (TCIL) to integrate its Integrated Control and Command Center (ICCC) in Indian railway as a part of the video surveillance system project.

The video surveillance and VSaaS market in the China accounted for considerable share in 2023. The imposition of various policies by the government is making it mandatory for customers to incorporate them in their settings.

Key Video Surveillance And VSaaS Company Insights

Some of the key companies in the video surveillance and VSaaS market include Robert Bosch GmbH, Motorola Solutions, Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB., TKH GROUP, and others. Businesses in the video surveillance and VSaaS sectors are focusing on creating new components and expanding their distribution networks. Strategic partnerships are also utilized to expand business operations.

• Hangzhou Hikvision Digital Technology Co., Ltd. offers a wide variety of physical security products, including video security, access control, and alarm systems. It offers AI-powered integrated security solutions to aid end-users in safety management and business intelligence with new applications and opportunities.

Recent Developments

• In July 2024, Arcules and Milestone Systems announced that they would merge, and the deal is anticipated to be finalized by the end of 2024. The deal will unite them in video surveillance as a service (VSaaS), video management software (VMS), and video analytics, thereby offerinf comprehensive video technology solutions.

• In June 2024, Hanwha Vision Co., Ltd. launched two new high-performance AI PTZ Plus cameras, namely the XNP-C9310R and XNP-C7310R. These cameras use AI technology to quickly zoom and focus, allowing for better awareness of situations and faster response. It ensures cybersecurity, high resolutions offered by the cameras, and easy installation.

• In October 2023, Milestone Systems announced the upcoming launch of Camera to Cloud Milestone Kite VSaaS software. The new option is projected to offer cost efficiency and simplicity to customers. 

Video Surveillance and VSaaS Market Report Scope

Global Video Surveillance And VSaaS Market Report Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global video surveillance and VSaaS market report based on type, vertical and region:

• Type Outlook (Revenue, USD Million, 2018 - 2030)

  • Analog Video Surveillance Systems

  • IP Video Surveillance Systems

  • Hybrid Video Surveillance Systems

• Vertical Outlook (Revenue, USD Million, 2018 - 2030)

  • Commercial

  • Industrial

  • Residential

  • Government

• Regional Outlook (Revenue, USD Million, 2018 - 2030)

  • North America

    • U.S.

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

  • Asia Pacific

    • China

    • Japan

    • India

    • South Korea

    • Australia

  • Latin America

    • Brazil

  • Middle East and Africa (MEA)

    • South Arabia

    • UAE

    • South Africa