VSaaS Market Trends and Forecast
The future of the global VSaaS market looks promising with opportunities in the industrial temperature monitoring, smoke & fire detection, false alarm filtering, vehicle identification & number plate monitoring, parking monitoring, and gun detection markets. The global VSaaS market is expected to reach an estimated $13.1 billion by 2030 with a CAGR of 15.6% from 2024 to 2030. The major drivers for this market are increased demand for enhanced security and surveillance, rising preference for IoT devices and smart city, and ongoing advancements in video analytics.
• Lucintel forecasts that managed is expected to witness the highest growth over the forecast period.
• Within this market, industrial temperature monitoring is expected to witness the highest growth.
• North America is expected to witness highest growth over the forecast period.
United States: In the United States, major companies like Honeywell International and ADT Inc. have made significant strides in the VSaaS market. Honeywell implemented the Bangalore Safe City Project, aiming to enhance public safety through smart surveillance technologies. Additionally, ADT has partnered with Ford to launch the joint venture Canopy, combining AI-driven video cameras and professional security monitoring to secure vehicles. These initiatives reflect the growing focus on integrating advanced surveillance technologies to enhance security across various sectors.
India: India is witnessing substantial growth in the VSaaS market, driven by the governmentÄX%$%Xs push towards digitization and smart city projects. Notably, Honeywell has been involved in deploying smart surveillance solutions aimed at improving urban safety. The increasing adoption of VSaaS in commercial and residential sectors is also propelled by advancements in internet connectivity and cloud infrastructure. This development is aligned with the countryÄX%$%Xs broader goals of enhancing urban security and digital infrastructure.
China: ChinaÄX%$%Xs VSaaS market is expanding rapidly, fueled by the governmentÄX%$%Xs investment in smart city initiatives. Companies like Hikvision and Dahua Technology are at the forefront, introducing AI-powered surveillance systems. Hikvision recently launched a new range of AI-enabled cameras capable of advanced tracking and analytics, which are crucial for urban security and efficiency. These advancements are part of ChinaÄX%$%Xs broader strategy to integrate AI and cloud technologies into urban management systems.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
VSaaS by Segment
The study includes a forecast for the global VSaaS by type, application, end use, and region.
VSaaS Market by Type [Shipment Analysis by Value from 2018 to 2030]:
• Managed
• Hybrid
• Hosted
VSaaS Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Industrial Temperature Monitoring
• Smoke & Fire Detection
• False Alarm Filtering
• Vehicle Identification & Number Plate Monitoring
• Parking Monitoring
• Gun Detection
VSaaS Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Residential
• Industrial
• Infrastructure
• Military & Defense
• Public Facilities
• Commercial
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VSaaS Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of VSaaS Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies VSaaS companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the VSaaS companies profiled in this report include-
• Johnson Controls
• Axis Communication
• Motorola Solutions
• Securitas
• ADT
Recent Development in the VSaaS Market
Motorola Solutions: Motorola Solutions is enhancing its VSaaS offerings by integrating more form factors into their camera portfolios and expanding capabilities to address complex customer needs. They are focusing on optimizing alerting, verification, and incident management by leveraging advancements in video AI and data intelligence.
Genetec: Genetec is pushing the integration of video surveillance with broader communication tools to improve collaboration among security teams. They are focusing on enhancing video management systems (VMS) to unify communication, streamline data exchange, and support mobile operations. This approach aims to boost efficiency and response times in security operations.
i-PRO (formerly Panasonic i-PRO Sensing Solutions): i-PRO is emphasizing the growth of edge computing in surveillance, with AI-enabled cameras processing metadata on the edge becoming more common. They are also advocating for the use of containerization to optimize IoT technologies, allowing for more flexible and powerful edge computing capabilities.
Hikvision: Hikvision continues to lead in the development of advanced camera technologies, including 4K IP cameras with enhanced low-light performance and built-in audio streaming capabilities. They are also focusing on cybersecurity measures to protect video surveillance data and integrating AI-driven video analytics to improve real-time monitoring and security effectiveness.
Features of the Global VSaaS Market
Market Size Estimates: VSaaS market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: VSaaS market size by type, application, end use, and region in terms of value ($B).
Regional Analysis: VSaaS market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, end uses, and regions for the VSaaS market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the VSaaS market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the VSaaS market size?
Answer: The global VSaaS market is expected to reach an estimated $13.1 billion by 2030.
Q2. What is the growth forecast for VSaaS market?
Answer: The global VSaaS market is expected to grow with a CAGR of 15.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the VSaaS market?
Answer: The major drivers for this market are increased demand for enhanced security and surveillance, rising preference for IoT devices and smart city, and ongoing advancements in video analytics.
Q4. What are the major segments for VSaaS market?
Answer: The future of the VSaaS market looks promising with opportunities in the industrial temperature monitoring, smoke & fire detection, false alarm filtering, vehicle identification & number plate monitoring, parking monitoring, and gun detection markets.
Q5. Who are the key VSaaS market companies?
Answer: Some of the key VSaaS companies are as follows:
• Johnson Controls
• Axis Communication
• Motorola Solutions
• Securitas
• ADT
Q6. Which VSaaS market segment will be the largest in future?
Answer: Lucintel forecasts that managed is expected to witness the highest growth over the forecast period.
Q7. In VSaaS market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the VSaaS market by type (managed, hybrid, and hosted), application (industrial temperature monitoring, smoke & fire detection, false alarm filtering, vehicle identification & number plate monitoring, parking monitoring, and gun detection), end use (residential, industrial, infrastructure, military & defense, public facilities, and commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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