Video Surveillance And VSaaS Market Trends

Segmentation Analysis:

The Video Surveillance And VSaaS Market is segmented by Product Insights, Component Insights, Application Insights. We are analyzing the market of these segments to identify which segment is the largest now and in the future, which segment has the highest growth rate, and the segment which offers the opportunity in the future.

• Based on Product Insights the market is segmented as, The video surveillance & VSaaS market is bifurcated into IP-based and analog video surveillance. The IP-based surveillance segment is expected to witness high growth over the next six years. This can be attributed to high scalability and flexibility features offered as compared to the conventional analog surveillance. In addition, penetration of internet protocol in surveillance and mounting installations of IP cameras with enhanced video quality has created the significant potential for IP-based systems.
• Based on Component Insights the market is segmented as, On the basis of the component, the market is segmented into hardware, software, and services. The hardware sub-segment includes recorders, encoders, monitors, and cameras. The surveillance cameras market is estimated to exhibit high growth, which can be attributed to growing sales of IP cameras with in-built recorders. Services sub-segment comprises hybrid, managed, and hosted services. Technological innovation such as increasing storage capacities to petabytes (PBs) coupled with the reducing cost of storing surveillance data is expected to drive demand for VSaaS services.
• Based on Application Insights the market is segmented as, Video surveillance & VSaaS application segments mainly include residential, corporate, retail, transportation, government, hospitality, industrial, and healthcare. Retail and transportation are expected to be the largest markets in the forecast period. This is primarily due to the increasing demand for cloud services and increasing awareness about video surveillance application management. Home offices, residential and commercial real estate projects are expected to adopt VSaaS services along with the banking sector. Decreasing IT costs, need for centralized data & application management, and technological advancement in high-resolution video and imaging analytics is expected to drive video surveillance & VSaaS acceptance in various industry verticals., Regional Insights