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The global VSaaS market was valued at USD 6 billion in 2023 and grew at a CAGR of 15% from 2024 to 2033. The market is expected to reach USD 24.47 billion by 2033. The growing security concerns will drive the growth of the global VSaaS market.
VSaaS stands for Video Surveillance as a Service (VSaaS). Video surveillance as the world used to understand it is the use of cameras and other equipment to monitor surroundings for security purposes. It requires installation of cameras, monitors and other necessary equipment along with integrating these into existing security infrastructure. VSaaS transfers this video surveillance system to cloud. It does not require on-premises deployment of monitors or other equipment for storing footage. The footage or recordings are stored on cloud-based platforms. VSaaS is scalable and this scalability can be achieved in no time. It is flexible and cost effective. It is cost effective and accessible. It simplifies video surveillance by improving access to cameras on a click of a button through web and mobile applications. recordings can be accessed in a similar manner. Managing recordings and accessing footage as and when required also becomes easy and quick. It can be used by both individual consumers or businesses according to their needs and requirements. It can be customised and scaled according to the demands of consumers. furthermore, these applications are smart. For instance, motion detection and facial recognition features of cameras are integrated with software applications that notify users when anything or anyone is captured in the footage. encryption and access controls further security for the user which is often missing in conventional video surveillance systems.
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The growing security concerns – The increasing crime rates and need to offer a safe and secure neighbourhood to citizens and residents have increased the need for video surveillance among other security measures. government institutions are investing heavily in ramping up video surveillance infrastructure as it effectively helps them in monitoring public places, thereby offering secure spaces to residents. Robust video surveillance infrastructure also assists the justice system. Furthermore, individuals are moving towards advanced security systems to secure their houses, businesses are also moving towards similar security measures. security and safety are cornerstones of any society. Widespread availability, easy access and affordability of security measures is a must in the contemporary world. VSaaS services offer accessible and affordable video surveillance capabilities. It is equally effective for small homes and big businesses. it is cost-effective, flexible, versatile, customizable, scalable and user friendly. Therefore, the growing security concerns will drive the global VSaaS market’s growth.
Data privacy and security concerns – cloud computing is still developing and faces several challenges. These challenges increase risks associated with VSaaS. For instance, lack of robust encryption can lead to invasion of privacy, data theft and unauthorized data transfer and sharing. Proper access control protocols can also lead to privacy invasion and unauthorized viewing and sharing of data. This can cause severe damage to the parties involved. It can impede justice in case of footage is leaked to media leading to media trials and biased opinions hindering the court of law. Some recordings can cause reputational damage. additionally, cyberattacks can delete crucial recordings or implant footage with malicious intents. All of these concerns will hamper the market’s growth. Furthermore, Regulations governing the storage, access and transfer of data are complex and different in different region which leads to complications. This will also impede the market’s growth.
Technological advancements – Technological advancements have effectively eliminated several drawbacks of VSaaS services. for instance, footage quality has improved with HD and UHD cameras. Smart features that detect movements along with facial recognition and behavioural analysis features enable identification of any malicious activities and alerts the users. Advancements in data connectivity has enhanced data transfer speeds, which improves real time monitoring and reduces any lags. Advanced encryption technologies, access controls and other security measures have improved safety of VSaaS. Advanced computing systems have improved scalability. Similarly, software applications have facilitated customization, ease of use and user-friendly systems. Therefore, technological advancements will continue to contribute to the global VSaaS market’s growth and development during the forecast period.
The regions analysed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the most significant global VSaaS market, with a 39% market revenue share in 2023.
The presence of top industry players of the market in the region drives innovation, accessibility and early adoption of new technologies like VSaaS contributing to the dominance of North America in the global market. a well-established and advanced economy facilitates the adoption and integration of VSaaS, thereby contributing to the market’s growth. strong market demand from residential and commercial users from various sectors also contribute to the regional market’s growth. the increasing crime rates and rising citizen expectations from governments for a safer country and region also augment the market’s growth. residential security is an established norm in the region with each house having its own security.
North America Region VSaaS Market Share in 2023 - 39%
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The product type segment is divided into hosted, managed, and hybrid. The hosted segment dominated the market, with a market share of around 44% in 2023. Hosted VSaaS means that a third party manages the system. It is highly cost-effective as it does not require investments in hardware of any other physical infrastructure. it is also scalable and offers flexibility to accommodate the needs and demands of the consumers. furthermore, the third party manages maintenance which also increases its appeal. They have robust security measures and provide ease of use for consumers through their user-friendly applications. they also have fail-safe measures. they comply with regulations and other guidelines sparing consumers to navigate this complex territory.
The vertical segment is divided into commercial, infrastructure, residential, military and defense, public facilities, and industrial. The commercial segment dominated the market, with a market share of around 38% in 2023. A significant number of commercial users do not have the necessary capital to build and install an in-house video surveillance infrastructure. VSaaS is a cost-effective product that is flexible, customizable and highly secure. It is ideal for commercial users with less capital. Scalablity of VSaaS services without significant costs and downtime also adds to its appeal for commercial users. They can scale as and when they need it. it can also be scaled down. They can opt for features that suit their needs. VSaaS enables commercial users to focus on their core competencies by freeing up their resources involved in surveillance. Furthermore, compliance with regulations and guidelines is also taken care through VSaaS, reducing the burden on commercial users.
Report Description:
| Attribute | Description |
|---|---|
| Market Size | Revenue (USD Billion) |
| Market size value in 2023 | USD 6 Billion |
| Market size value in 2033 | USD 24.47 Billion |
| CAGR (2024 to 2033) | 15% |
| Historical data | 2020-2022 |
| Base Year | 2023 |
| Forecast | 2024-2033 |
| Region | The regions analysed for the market are Asia Pacific, Europe, South America, North America, and Middle East and Africa. Furthermore, the regions are further analysed at the country level. |
| Segments | Product Type and Vertical |
As per The Brainy Insights, the size of the metal expansion joints market was valued at USD 1.22 billion in 2023 to USD 2.04 billion by 2033.
The global metal expansion joints market is growing at a CAGR of 5.28% during the forecast period 2024-2033.
The North American region emerged as the largest market for the metal expansion joints.
The market's growth will be influenced by increase in the usage of advanced metal expansion joints.
Limitations in the movement and higher replacement costs could hamper the market growth.
Increasing awareness and industry demand will provide huge opportunities to the market.
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. The Brainy Insights has segmented the global VSaaS market based on below mentioned segments:
Global VSaaS Market by Product Type:
Global VSaaS Market by Vertical:
Global VSaaS Market by Region:
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