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Growing focus on infrastructure protection, government regulations regarding public safety and increasing demand for high-resolution imaging are some of the key factors driving the market growth.
Technological advancements have led to enhanced cyber security system and efficient remote monitoring, leading to burgeoning demand for these systems over the forecast period. By Application By application, commercial segment accounted for significant market share in and is expected to grow at a high rate over the projected period.
Moreover, increasing investment in building security coupled with a strict regulatory framework is also significantly contributing to the demand for these solutions over the forecast period.
By Geography North America accounted for the largest market share inas the region has been a leading adopter of security technologies. Moreover, increase in the number of terrorist attacks over the years coupled with strict building security regulation propelling the adoption of VSaaS while augmenting its market growth in this region.
However, favourable government policies and robust market growth coupled with low exit barriers are attracting new players in the market while enhancing the competitive rivalry. The VSaaS market is highly competitive in terms of price and additional services being offered.
The players are largely focusing on maximizing the efficiency and minimizing cost in order to be ahead of competition. Segmentation Video surveillance as a service market has been segmented by product, application, and geography as below:Video Surveillance and VSaaS Market to Top US$ Bn by Globally projects Transparency Market Research Market Research "Video Surveillance and VSaaS the latest .
global video surveillance as a service (vsaas) market forecast Information contained on this page is provided by an independent third-party content provider.
ELMHURST, Ill. – The global video surveillance as a service market is expected to grow at a compound annual growth rate (CAGR) of more than 27% during the forecast period of , according to the latest market study released by urbanagricultureinitiative.com market size of the VSaaS sector is expected to grow to $ billion by This research report provides in-depth analysis of the global video surveillance and VSaaS market on the basis of type, components, and end-use industry.
The video surveillance and VSaaS market based on type includes analog and IP-based urbanagricultureinitiative.comon: State Tower, 90 State Street, Suite , Albany, The commercial vertical is expected to lead the Video Surveillance as a Service market during the forecast period due to the increasing adoption of VSaaS in retail chains, residential apartments, small businesses, healthcare organizations, banks, government buildings, city surveillance and manufacturing sites, among others.
Global IP Video Surveillance & VSaaS Market ( The IP surveillance market is in its nascent stage of adoption and it is expected that it would yield significant revenues with the rising awareness level and favorable regulations adopted by the regulatory bodies, globally.