Video Surveillance and VSaaS Market worth 16.1% CAGR by 2027
" COVID-19 Impact on Video Surveillance and VSaaS Market, size, share, growth, industry analysis, and forecast 2021-2027 "
Video surveillance systems incorporate video cameras on a network that shares the captured video or audio information to a particular place. The captured images are monitored live or transmitted to a central location for recording and saving. Video surveillance as a service (VSaaS) is delivered with cloud technology and video surveillance devices coupled with the utilization of multi-megapixel HD cameras, and huge amounts of video surveillance data are being generated.
In VSaaS, video data is controlled by service providers at an exceptionally low cost. The data is saved on the cloud. Hence, physical data storage devices and workforce are not required, which minimizes a major IT staffing cost, including salaries, benefits, and other related costs. Service providers manage all surveillance-associated activities, including monitoring, recording, and maintenance, which aids in reducing the expenses related to the staff required to monitor the system. Since minimum hardware is used, it favors companies to leverage the solution’s cost efficiency, obtain better results, and better return on investment. Therefore, VSaaS minimizes the upfront capital costs, which eventually impacts the market growth positively.
Request for sample copy of the report @ https://www.infoholicresearch.com/request-a-sample-report/?repid=14663
In addition, combining VSaaS with access control and alarm systems, increasing adoption of smart devices worldwide, and elevating demand for VSaaS across commercial vertical due to the COVID-19 Pandemic are the factors generating prospective growth for the video surveillance and VSaaS market.
The Video Surveillance and VSaaS Market research report titled “Video Surveillance and VSaaS Market based on the Product, Component, Application, and Geography – Global Forecast up to 2027.”
Prominent players of the market are Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems Inc., Zhejiang Dahua Technology Co. Ltd., and Honeywell Security Group.
North America is leading the market whereas, Asia Pacific is projected to grow at the highest CAGR. This is because of the rising economy and huge construction projects in China and India, and the demand from the public sector are estimated to be the major factors propelling the growth of the video surveillance and VSaaS market in this region.
Access full report summary @ https://www.infoholicresearch.com/report/video-surveillance-as-a-service-market/
The report consists of 95 Tables and 65 charts depicting the in-depth market study and the impact analysis of COVID-19. View detailed TOC here.
Video Surveillance and VSaaS Market based on the Product
Video Surveillance and VSaaS Market based on the Component
Video Surveillance and VSaaS Market based on the Application
- Military and defense
Video Surveillance and VSaaS Market based on the Geography
- North America
- Asia Pacific
- Rest of the World