VSaaS Market

VSaaS Market with COVID-19 Impact by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Region-Global Forecast to 2025

Report Code: SE 1236 Oct, 2020, by marketsandmarkets.com

[180 Pages Report] The VSaaS market is  expected to grow from USD 2.2 billion in 2020 and is projected to reach USD 4.7 billion by 2025; it is expected to grow at a CAGR of 16.0% from 2020 to 2025.

Some of the key driving factors of the VSaaS market are Low cost of investment, rise in demand for real-time surveillance data, and flexible scalability offered by VSaaS.

Video Surveillance As A Service (VSaaS) Market

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VSaaS market

The VSaaS market includes major Tier I and II players like ADT (US), Johnson Controls (Ireland), Axis Communications AB (Sweden), Avigilon, a Motorola Solutions Company (Canada), Stanley Black & Decker, Inc. (US), and others. Some of COVID-19 related developments are as below.

  • In July 2020, Johnson Controls launched OpenBlue – a complete suite of connected solutions and services that combines its 135 years of building expertise with cutting-edge technology. OpenBlue connects Johnson Controls products, technologies, and services to help customers get back to work safely and as efficiently as possible. These solutions and services include contact tracing, social distance monitoring, thermal cameras, clean air, touchless environments, compliance and reporting management, energy optimization, and advanced safety monitoring.
  • In August 2020, Motorola Solutions announced the availability of the newest addition to its video security and analytics portfolio, the H4 Thermal Elevated Temperature Detection (ETD) Solution. It can be used to detect elevated body temperature in a person and focus on the key elements of safety and security around COVID-19, including prevention, protection, and response.
  • Axis Communications offers several products and solutions to fight the COVID-19 pandemic, such as AXIS Visitor Access for touchless access control, public address systems for managing messages and updates in the public environment, Axis network door stations for remote communication, and AXIS People Counter & AXIS Occupancy Estimator for crowd monitoring and occupancy estimation.
  • In May 2020, Motorola Solutions announced several additions to its video security and analytics portfolio designed to support organizations as they explore options for moving staff safely back into their offices or facilities. Motorola Solutions’ video security and analytics portfolio will offer Avigilon security cameras with analytics to help organizations keep employees safe by adhering to health guidelines around protective face masks and physical social distancing.

VSaaS market Dynamics

Driver: Low cost of investment

In VSaaS, video data is managed by service providers at a significantly low cost. The data is stored on the cloud. Thus, physical data storage devices and personnel are not required, which reduces a substantial amount of IT staffing cost, including salaries, benefits, and other associated costs. Service providers manage all surveillance-related activities, including recording, monitoring, and maintenance, which helps reduce the expenses associated with the staff required to monitor the system. Since minimal hardware is used, it helps companies to leverage the solution’s cost efficiency, achieve better results, and gain a better return on investment (RoI). By removing the expense of purchasing servers, hard drives, and camera licenses, end users can save hundreds of dollars on equipment and invest that money into additional cameras or other aspects of their business. Therefore, VSaaS reduces upfront capital costs.

Restraint: Privacy and security concerns regarding data usage

VSaaS offers the storage of data in the cloud. The cloud is a multi-tenant environment where resources are shared. It is also an outside party with the potential to access a customer’s data. There have been concerns among the users about who watches the video and as to how the video might be used or misused, as people expect their personal information to be used only for legitimate and specific purposes. Moreover, cloud services are designed to encourage users to back up their data in real-time, which can be viewed or misused by unauthorized personnel, leaked, or stolen. This may limit the growth of the VSaaS market.

Opportunity: Integration of VSaaS with access control and alarm systems

A VSaaS system is primarily used to monitor the security in a user’s premises. A VSaaS system can be more effective if it is used with access control and alarm systems. The integration of VSaaS with access control systems is likely to enhance the safety of end users since only authorized personnel will be allowed to enter the premises. With the help of VSaaS and access control systems, any unusual event, such as break-ins and unauthorized entry, can be identified, recorded, and notified to the concerned personnel. A VSaaS system can be integrated with the alarm system to alert an unusual event in the manufacturing factory, misconduct by the staff, criminal activity, and so on.

Challenge: Lack of awareness about benefits of VSaaS

Although the market for VSaaS is growing significantly in many countries, there are still some pain points, e.g., less adoption of VSaaS in developing or underdeveloped countries. The lack of awareness about the benefits of VSaaS and making people aware of the benefits are the key challenges for VSaaS providers. The lack of knowledge of advantages of VSaaS among end users may result in less penetration of VSaaS in various applications areas. Hence, it is necessary to increase awareness about VSaaS among end users, as sometimes people are not ready to switch to VSaaS over their traditional approach of surveillance.

Hosted VSaaS to dominate the VSaaS market during the forecast period

Hosted VSaaS is expected to lead the market during the forecast period. The growing concern among users toward enhancing security, surging number of government initiatives for increasing public security, and continuous developments in infrastructure, including transportation hubs, are driving the market for VSaaS. Additionally, the increasing number of smart cities and the growing importance of VSaaS for retail, SMBs, and residential applications are also propelling the growth of the VSaaS market. The increasing penetration of smartphones in countries such as South Korea, China, Germany, the UK, France, and the US; technological advancements in telecom networks such as the availability of LTE and emerging trend of 5G; and availability of high-speed Internet are helping the market for hosted VSaaS to grow further, as high Internet speed is one of the basic requirements of service providers and customers.

Commercial vertical to hold the largest share of VSaaS market during the forecast period

The commercial vertical of the VSaaS market is expected to hold the largest share from 2020 to 2025. The increasing adoption of VSaaS in retail chains, residential apartments, small businesses, healthcare organizations, banks, government buildings, city surveillance, and manufacturing sites drives the VSaaS market. The demand for VSaaS in the commercial vertical is increasing to enhance security, reduce robbery, and minimize inventory loss. The adoption of VSaaS in financial institutions and banks to monitor customers and staff activities is increasing since the last few years, due to the advantages offered by VSaaS, such as less initial investment, flexibility in adding devices, and remote access to surveillance data. The increasing adoption of VSaaS in the hospitality industry to detect potential threats also drives the VSaaS market in the commercial vertical. VSaaS solutions are being used in retail stores, hospitality, and small businesses to increase security and reduce thefts. Owners can monitor the stores from a remote location with the help of VSaaS and avail advantages such as flexibility in payment structure, low cost of ownership, and scalability in data storage. The increasing number of retail stores and small business offices creates opportunities for VSaaS providers. Also, the data is secured in the cloud during emergencies such as fire and flood.

VSaaS in APAC to grow at highest CAGR from 2020 to 2025

The VSaaS market in APAC is expected to grow at the highest CAGR during the forecast period. In APAC, the increasing number of retail chains, small businesses, residential apartments, and hospitality businesses drives the market’s growth. The increasing population in China and India is also creating significant demand for smart video surveillance solutions. The presence of a substantial number of camera manufacturers and low cost of video surveillance systems are providing opportunities for the VSaaS market to grow in the region. Government initiatives to increase public safety and increasing infrastructural developments in the region also create demand for VSaaS. The growing penetration of new technologies such as automatic number plate recognition, facial recognition, people counting, retail management, remote asset management, and crowd management also provides opportunities for the market.

Video Surveillance As A Service (VSaaS) Market by Region

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The VSaaS market is dominated by players such as ADT (US), Johnson Controls (Ireland), Axis Communications AB (Sweden), Avigilon, a Motorola Solutions Company (Canada), and Stanley Black & Decker, Inc. (US).

Scope of the report

Report Metric

Details

Market size available for years

2017-2025

Base year considered

2017

Forecast period

2020-2025

Forecast units

Value (USD Million/Billion)

Segments covered

By Type, By Vertical

Geographies covered

North America, Europe, APAC, Rest of the World

Companies covered

The major market players include ADT (US), Johnson Controls (Ireland), Axis Communications AB (Sweden), Avigilon, a Motorola Solutions Company (Canada), Stanley Black & Decker, Inc. (US), Alarm.com (US), Arcules (US), Comcast (US), Duranc (US), Eagle Eye Networks (US), Genetec Inc. (Canada), Honeywell Commercial Security (US), Pacific Controls (UAE)  (Total 25 players are profiled)

The study categorizes the VSaaS market based on type and vertical at the regional and global level.

VSaaS market, By Type

  • Hosted
  • Managed
  • Hybrid

VSaaS Market, By Vertical

  • Commercial
    • Retail Stores & Malls
    • Enterprises
    • Banking & Financial Buildings
    • Hospitality Centers
    • Warehouses
  • Infrastructure
    • Transportation & City Surveillance
      • Transportation
      • City Surveillance
    • Public Places
    • Utilities
  • Residential
  • Military & Defense
  • Public Facilities
    • Healthcare Buildings
    • Educational Buildings
    • Religious Places
    • Government Buildings
  • Industrial

VSaaS Market, By Region

  • North America
  • Europe
  • APAC
  • Rest of the World

Recent Developments

  • In September 2020, Blue by ADT, the recently introduced DIY smart home security brand from ADT, expanded its product lineup to offer fully customizable DIY smart home security solutions. Blue by ADT is a flexible, expandable DIY system that allows customers to design a smart home security system customizable to their individual needs while simultaneously offering the peace of mind that comes with ADT’s professional monitoring capabilities.
  • AXIS Live Privacy Shield, an edge analytics software by Axis Communications introduced in March 2020, will be supporting mosaic (pixel) masking, in addition to the currently available color masking. AXIS Live Privacy Shield compares a live camera view to a set background scene and applies dynamic masking to areas of change—essentially, moving people and objects.
  • In March 2020, Avigilon announced the newest addition to its video security and analytics portfolio, Avigilon Control Center (ACC) 7.6. ACC 7.6 is the company’s most recent video management software release, enabling enterprise customers to better monitor their facilities through new AI-powered facial recognition features and analytics
  • ADT unveiled Blue by ADT, the company’s new DIY smart home security brand, at CES January 2020. Founded on the pioneering work of LifeShield and acquired by ADT in 2019, Blue by ADT fulfills the company’s mission to provide lifestyle-driven security solutions to more segments of the smart home market.
  • In August 2019, Johnson Controls launched Tyco Cloud, a new cloud-based security suite developed to help customers move costly and complex security infrastructure for access control and video surveillance to the cloud. With Tyco Cloud, organizations can reduce costs, improve enterprise security management, and scale security operations on demand, providing unlimited possibilities to deliver security services over the Internet.
  • In June 2019, Axis Communications launched AXIS Guardian, which is designed to allow security service providers and alarm monitoring companies to offer an end-to-end managed service with remote monitoring. AXIS Guardian has been created in close collaboration with several alarm and security service companies to specifically meet the needs of their customers.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 24)
    1.1 STUDY OBJECTIVES
    1.2 DEFINITION
    1.3 STUDY SCOPE
           1.3.1 MARKETS COVERED
                 FIGURE 1 VSAAS MARKET SCOPE
           1.3.2 GEOGRAPHIC SCOPE
    1.4 INCLUSIONS AND EXCLUSIONS
    1.5 YEARS CONSIDERED
    1.6 CURRENCY
    1.7 STAKEHOLDERS
    1.8 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA
        FIGURE 2 VSAAS MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key industry insights
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key data from primary sources
    2.2 MARKET SIZE ESTIMATION
        FIGURE 3 FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach for estimating market size by bottom-up analysis (demand side)
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach for capturing market size by top-down analysis (supply side)
                            FIGURE 4 SUPPLY SIDE ESTIMATION TO ARRIVE AT MARKET SIZE
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
        FIGURE 5 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS
        FIGURE 6 ASSUMPTIONS FOR RESEARCH STUDY

3 EXECUTIVE SUMMARY (Page No. - 36)
  FIGURE 7 HOSTED VSAAS TO DOMINATE VSAAS MARKET DURING FORECAST PERIOD
  FIGURE 8 COMMERCIAL VERTICAL TO HOLD LARGEST SHARE OF VSAAS MARKET DURING FORECAST PERIOD
  FIGURE 9 VSAAS MARKET IN APAC TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

4 PREMIUM INSIGHTS (Page No. - 39)
    4.1 ATTRACTIVE OPPORTUNITIES IN VSAAS MARKET
        FIGURE 10 GOVERNMENT INITIATIVES IN VARIOUS COUNTRIES TO MOVE TOWARD CLOUD VIDEO SURVEILLANCE SOLUTIONS WILL DRIVE MARKET GROWTH
    4.2 VSAAS MARKET IN NORTH AMERICA, BY TYPE AND VERTICAL
        FIGURE 11 HOSTED AND COMMERCIAL SEGMENTS HELD LARGEST SHARE OF NORTH AMERICAN VSAAS MARKET IN 2019
    4.3 VSAAS MARKET FOR COMMERCIAL VERTICAL, BY TYPE
        FIGURE 12 RETAIL STORES & MALLS TO LEAD COMMERCIAL SEGMENT OF VSAAS MARKET DURING FORECAST PERIOD
    4.4 VSAAS MARKET, BY COUNTRY
        FIGURE 13 VSAAS MARKET IN CHINA TO GROW AT HIGHEST CAGR FROM 2020 TO 2025

5 MARKET OVERVIEW (Page No. - 41)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
        FIGURE 14 LOW COST OF INVESTMENT TO DRIVE VSAAS MARKET
        FIGURE 15 VSAAS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES IMPACT ANALYSIS
           5.2.1 DRIVERS
                    5.2.1.1 Low cost of investment
                    5.2.1.2 Increasing demand for real-time surveillance data
                    5.2.1.3 Flexible scalability offered by VSaaS
           5.2.2 RESTRAINTS
                    5.2.2.1 Privacy and security concerns regarding data usage
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Integration of VSaaS with access control and alarm systems
                    5.2.3.2 Increasing use of smart devices
                    5.2.3.3 Rising demand for VSaaS across commercial vertical owing to COVID-19
           5.2.4 CHALLENGES
                    5.2.4.1 Lack of awareness about benefits of VSaaS
    5.3 VALUE CHAIN ANALYSIS
    5.4 GOVERNMENT REGULATIONS AND STANDARDS RELATED TO VIDEO SURVEILLANCE DATA
    5.5 TECHNOLOGY ANALYSIS
        TABLE 1 TECHNOLOGY ANALYSIS FOR VSAAS MARKET
    5.6 ASP ANALYSIS FOR VSAAS MARKET
        FIGURE 16 ASP ANALYSIS FOR VSAAS MARKET
    5.7 PATENT ANALYSIS
    5.8 USE CASES FOR VSAAS MARKET
    5.9 VIDEO SURVEILLANCE ECOSYSTEM

6 VSAAS MARKET, BY TYPE (Page No. - 53)
    6.1 INTRODUCTION
    6.2 WORKING OF VSAAS
        FIGURE 17 HOSTED VSAAS TO DOMINATE VSAAS MARKET DURING FORECAST PERIOD
        TABLE 2 VSAAS MARKET, BY TYPE, 2017–2025 (USD MILLION)
        TABLE 3 VIDEO SURVEILLANCE CAMERA MARKET, 2017–2025 (MILLION UNITS)
    6.3 HOSTED
           6.3.1 LOW COST OF INVESTMENT DRIVE GROWTH OF HOSTED VSAAS MARKET
                 TABLE 4 HOSTED VSAAS MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
                 FIGURE 18 HOSTED VSAAS MARKET TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
                 TABLE 5 HOSTED VSAAS MARKET, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 6 HOSTED VSAAS MARKET, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 7 HOSTED VSAAS MARKET, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 8 HOSTED VSAAS MARKET, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 9 HOSTED VSAAS MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 FIGURE 19 HOSTED VSAAS MARKET FOR INFRASTRUCTURE VERTICAL TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
                 TABLE 10 HOSTED VSAAS MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 11 HOSTED VSAAS MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 12 HOSTED VSAAS MARKET FOR PUBLIC FACILITIES VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 13 HOSTED VSAAS MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 14 HOSTED VSAAS MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
    6.4 MANAGED
           6.4.1 REDUCED OPERATIONAL COSTS DRIVE GROWTH OF MANAGED VSAAS MARKET
                 TABLE 15 MANAGED VSAAS MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 16 MANAGED VSAAS MARKET, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 17 MANAGED VSAAS MARKET, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 18 MANAGED VSAAS MARKET, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 19 MANAGED VSAAS MARKET, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 20 MANAGED VSAAS MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 21 MANAGED VSAAS MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 22 MANAGED VSAAS MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 23 MANAGED VSAAS MARKET FOR PUBLIC FACILITIES VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 24 MANAGED VSAAS MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 25 MANAGED VSAAS MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
    6.5 HYBRID
           6.5.1 HYBRID MODEL IS EXPECTED TO GROW AT HIGHEST RATE OWING TO COMBINED BENEFITS OF ON-PREMISE VIDEO RECORDING AND MANAGED VIDEO SERVICES
                 FIGURE 20 COMMERCIAL APPLICATION TO LEAD HYBRID VSAAS MARKET DURING FORECAST PERIOD
                 TABLE 26 HYBRID VSAAS MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
                 TABLE 27 HYBRID VSAAS MARKET, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 28 HYBRID VSAAS MARKET, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
                 TABLE 29 HYBRID VSAAS MARKET, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
                 FIGURE 21 NORTH AMERICA TO LEAD HYBRID VSAAS MARKET DURING FORECAST PERIOD
                 TABLE 30 HYBRID VSAAS MARKET, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 31 HYBRID VSAAS MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 32 HYBRID VSAAS MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 33 HYBRID VSAAS MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 34 HYBRID VSAAS MARKET FOR PUBLIC FACILITIES VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 35 HYBRID VSAAS MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
                 TABLE 36 HYBRID VSAAS MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
    6.6 IMPACT OF COVID-19

7 VSAAS MARKET, BY VERTICAL (Page No. - 71)
    7.1 INTRODUCTION
        FIGURE 22 COMMERCIAL VERTICAL TO LEAD VSAAS MARKET DURING FORECAST PERIOD
        TABLE 37 VSAAS MARKET, BY VERTICAL, 2017–2025 (USD MILLION)
    7.2 COMMERCIAL
        FIGURE 23 RETAIL STORES & MALLS SEGMENT OF VSAAS MARKET FOR COMMERCIAL VERTICAL TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
        TABLE 38 VSAAS MARKET, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 39 VSAAS MARKET FOR COMMERCIAL VERTICAL, BY TYPE, 2017–2025 (USD MILLION)
        FIGURE 24 APAC TO HOLD LARGEST SHARE OF VSAAS MARKET FOR COMMERCIAL VERTICAL DURING FORECAST PERIOD
        TABLE 40 VSAAS MARKET FOR COMMERCIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
           7.2.1 RETAIL STORES & MALLS
                    7.2.1.1 Retail stores & malls are benefitted by real-time surveillance data delivered by VSaaS
                            TABLE 41 VSAAS MARKET FOR RETAIL STORES & MALLS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 42 VSAAS MARKET FOR RETAIL STORES & MALLS, BY REGION, 2017–2025 (USD MILLION)
           7.2.2 ENTERPRISES
                    7.2.2.1 Increasing adoption of surveillance solutions across enterprises and data centers to ensure security provides opportunity for VSaaS market
                            TABLE 43 VSAAS MARKET FOR ENTERPRISES, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 44 VSAAS MARKET FOR ENTERPRISES, BY REGION, 2017–2025 (USD MILLION)
           7.2.3 BANKING & FINANCIAL BUILDINGS
                    7.2.3.1 Low cost and scalability offered by cloud VSaaS drives market growth
                            TABLE 45 VSAAS MARKET FOR BANKING & FINANCIAL BUILDINGS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 46 VSAAS MARKET FOR BANKING AND FINANCIAL BUILDINGS, BY REGION, 2017–2025 (USD MILLION)
           7.2.4 HOSPITALITY CENTERS
                    7.2.4.1 VSaaS solutions help reduce potential threats to security of guests, hotel premises, and employees across hospitality centers
                            TABLE 47 VSAAS MARKET FOR HOSPITALITY CENTERS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 48 VSAAS MARKET FOR HOSPITALITY CENTERS, BY REGION, 2017–2025 (USD MILLION)
           7.2.5 WAREHOUSES
                    7.2.5.1 Increasing demand to reduce thefts and vandalism will drive VSaaS market growth across warehouses
                            TABLE 49 VSAAS MARKET FOR WAREHOUSES, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 50 VSAAS MARKET FOR WAREHOUSES, BY REGION, 2017–2025 (USD MILLION)
           7.2.6 USE CASES FOR COMMERCIAL VERTICAL
    7.3 INFRASTRUCTURE
        FIGURE 25 TRANSPORTATION & CITY SURVEILLANCE SEGMENT OF INFRASTRUCTURE VERTICAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
        TABLE 51 VSAAS MARKET, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 52 VSAAS MARKET FOR INFRASTRUCTURE VERTICAL, BY TYPE, 2017–2025 (USD MILLION)
        FIGURE 26 INFRASTRUCTURE VERTICAL TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
        TABLE 53 VSAAS MARKET FOR INFRASTRUCTURE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
           7.3.1 TRANSPORTATION & CITY SURVEILLANCE
                    7.3.1.1 Transportation
                               7.3.1.1.1 Continuous development of transportation infrastructures, such as airports, railways, and roadways, creates significant opportunities for VSaaS providers
                    7.3.1.2 City surveillance
                               7.3.1.2.1 Government initiatives to develop smart city projects would create opportunities for VSaaS market
                                         TABLE 54 VSAAS MARKET FOR TRANSPORTATION & CITY SURVEILLANCE, BY TYPE, 2017–2025 (USD MILLION)
                                         TABLE 55 VSAAS MARKET FOR TRANSPORTATION & CITY SURVEILLANCE, BY REGION, 2017–2025 (USD MILLION)
           7.3.2 PUBLIC PLACES
                    7.3.2.1 VSaaS systems can recognize crowd behavior and facial expression of humans in public places
                            TABLE 56 VSAAS MARKET FOR PUBLIC PLACES, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 57 VSAAS MARKET FOR PUBLIC PLACES, BY REGION, 2017–2025 (USD MILLION)
           7.3.3 UTILITIES
                    7.3.3.1 Growing number of unlawful activities is leading to increasing demand for video surveillance solutions across utilities segment
                            TABLE 58 VSAAS MARKET FOR UTILITIES, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 59 VSAAS MARKET FOR UTILITIES, BY REGION, 2017–2025 (USD MILLION)
           7.3.4 USE CASES FOR INFRASTRUCTURE VERTICAL
    7.4 RESIDENTIAL
           7.4.1 GROWING CONCERN REGARDING SECURITY AMONG INDIVIDUALS IS DRIVING VSAAS MARKET GROWTH ACROSS RESIDENTIAL VERTICAL
                 TABLE 60 VSAAS MARKET FOR RESIDENTIAL VERTICAL, BY TYPE, 2017–2025 (USD MILLION)
                 FIGURE 27 VSAAS MARKET FOR RESIDENTIAL VERTICAL TO GROW AT HIGHEST CAGR IN APAC DURING FORECAST PERIOD
                 TABLE 61 VSAAS MARKET FOR RESIDENTIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
           7.4.2 USE CASE FOR RESIDENTIAL VERTICAL
    7.5 MILITARY & DEFENSE
           7.5.1 VSAAS SOLUTIONS ARE USED TO CREATE A SECURE ENVIRONMENT AND PREVENT UNLAWFUL ACTIVITIES
                 TABLE 62 VSAAS MARKET FOR MILITARY & DEFENSE VERTICAL, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 63 VSAAS MARKET FOR MILITARY & DEFENSE VERTICAL, BY REGION, 2017–2025 (USD MILLION)
    7.6 PUBLIC FACILITIES
        TABLE 64 VSAAS MARKET, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 65 VSAAS MARKET, FOR PUBLIC FACILITIES VERTICAL BY TYPE, 2017–2025 (USD MILLION)
        FIGURE 28 APAC TO HOLD LARGEST SHARE OF VSAAS MARKET FOR PUBLIC FACILITIES VERTICAL DURING FORECAST PERIOD
        TABLE 66 VSAAS MARKET FOR PUBLIC FACILITIES VERTICAL, BY REGION, 2017–2025 (USD MILLION)
           7.6.1 HEALTHCARE BUILDINGS
                    7.6.1.1 VSaas solutions ensure security of doctors, patients, and hospital staff in healthcare centers
                            TABLE 67 VSAAS MARKET FOR HEALTHCARE BUILDINGS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 68 VSAAS MARKET FOR HEALTHCARE BUILDINGS, BY REGION, 2017–2025 (USD MILLION)
           7.6.2 EDUCATIONAL BUILDINGS
                    7.6.2.1 Increasing number of potential threats across educational buildings is driving adoption of video surveillance solutions
                            TABLE 69 VSAAS MARKET FOR EDUCATIONAL BUILDINGS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 70 VSAAS MARKET FOR EDUCATIONAL BUILDINGS, BY REGION, 2017–2025 (USD MILLION)
           7.6.3 RELIGIOUS PLACES
                    7.6.3.1 Video surveillance services are used in religious buildings to avoid unlawful activities
                            TABLE 71 VSAAS MARKET FOR RELIGIOUS PLACES, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 72 VSAAS MARKET FOR RELIGIOUS PLACES, BY REGION, 2017–2025 (USD MILLION)
           7.6.4 GOVERNMENT BUILDINGS
                    7.6.4.1 VSaaS solutions are used to provide secure environment and real-time data
                            TABLE 73 VSAAS MARKET FOR GOVERNMENT BUILDINGS, BY TYPE, 2017–2025 (USD MILLION)
                            TABLE 74 VSAAS MARKET FOR GOVERNMENT BUILDINGS, BY REGION, 2017–2025 (USD MILLION)
           7.6.5 USE CASES FOR PUBLIC FACILITIES VERTICAL
    7.7 INDUSTRIAL
           7.7.1 RISING INCIDENCES OF THEFT AND INVENTORY LOSSES HAVE CONTRIBUTED TO GROWTH OF VSAAS SOLUTIONS IN INDUSTRIAL VERTICAL
                 TABLE 75 VSAAS MARKET FOR INDUSTRIAL VERTICAL, BY TYPE, 2017–2025 (USD MILLION)
                 TABLE 76 VSAAS MARKET FOR INDUSTRIAL VERTICAL, BY REGION, 2017–2025 (USD MILLION)
           7.7.2 USE CASES FOR INDUSTRIAL VERTICAL
    7.8 IMPACT OF COVID-19 ON VSAAS VERTICALS

8 CLOUD TYPES FOR VSAAS (Page No. - 96)
    8.1 INTRODUCTION
    8.2 PUBLIC CLOUD
    8.3 PRIVATE CLOUD
    8.4 HYBRID CLOUD

9 GEOGRAPHIC ANALYSIS (Page No. - 98)
    9.1 INTRODUCTION
        FIGURE 29 VSAAS MARKET IN APAC EXPECTED TO GROW AT HIGHEST RATE DURING FORECAST PERIOD
        TABLE 77 VSAAS MARKET, BY REGION, 2017–2025 (USD MILLION)
    9.2 NORTH AMERICA
        FIGURE 30 NORTH AMERICA VSAAS MARKET SNAPSHOT
        TABLE 78 VSAAS MARKET IN NORTH AMERICA, BY COUNTRY, 2017–2025 (USD MILLION)
        TABLE 79 VSAAS MARKET IN NORTH AMERICA, BY VERTICAL, 2017–2025 (USD MILLION)
        TABLE 80 VSAAS MARKET IN NORTH AMERICA, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 81 VSAAS MARKET IN NORTH AMERICA, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 82 VSAAS MARKET IN NORTH AMERICA, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 83 VSAAS MARKET IN NORTH AMERICA, BY TYPE, 2017–2025 (USD MILLION)
           9.2.1 US
                    9.2.1.1 VSaaS market growth in US is driven by retail, residential, and infrastructure segments
           9.2.2 CANADA
                    9.2.2.1 Government initiatives to increase surveillance infrastructure would provide opportunities for Canadian VSaaS market
           9.2.3 MEXICO
                    9.2.3.1 Increasing crime rate in Mexico would drive VSaaS market for city surveillance applications
    9.3 EUROPE
        FIGURE 31 EUROPE VSAAS MARKET SNAPSHOT
        TABLE 84 VSAAS MARKET IN EUROPE, BY COUNTRY, 2017–2025 (USD MILLION)
        TABLE 85 VSAAS MARKET IN EUROPE, BY VERTICAL, 2017–2025 (USD MILLION)
        TABLE 86 VSAAS MARKET IN EUROPE, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 87 VSAAS MARKET IN EUROPE, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 88 VSAAS MARKET IN EUROPE, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 89 VSAAS MARKET IN EUROPE, BY TYPE, 2017–2025 (USD MILLION)
           9.3.1 GERMANY
                    9.3.1.1 European Union’s initiatives to strengthen city surveillance to provide opportunities for VSaaS market
           9.3.2 UK
                    9.3.2.1 Increased efforts of government to ensure public safety would provide opportunity for VSaaS market
           9.3.3 FRANCE
                    9.3.3.1 Increased demand for surveillance across hospitality sector is driving market growth in France
           9.3.4 ITALY
                    9.3.4.1 Increased focus of Italian government to protect critical infrastructure would provide opportunities for VSaaS market
           9.3.5 REST OF EUROPE
    9.4 APAC
        FIGURE 32 APAC VSAAS MARKET SNAPSHOT
        TABLE 90 VSAAS MARKET IN APAC, BY VERTICAL, 2017–2025 (USD MILLION)
        TABLE 91 VSAAS MARKET IN APAC, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 92 VSAAS MARKET IN APAC, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 93 VSAAS MARKET IN APAC, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 94 VSAAS MARKET IN APAC, BY TYPE, 2017–2025 (USD MILLION)
        FIGURE 33 VSAAS MARKET IN CHINA TO GROW AT HIGHEST RATE CAGR FROM 2020 TO 2025
        TABLE 95 VSAAS MARKET IN APAC, BY COUNTRY, 2017–2025 (USD MILLION)
           9.4.1 CHINA
                    9.4.1.1 China has ample opportunities for VSaaS as it is among the largest consumers of video surveillance equipment
           9.4.2 JAPAN
                    9.4.2.1 Increasing deployment of video surveillance solutions across public infrastructure to drive VSaaS market in Japan
           9.4.3 SOUTH KOREA
                    9.4.3.1 Rising security concerns and need for remote monitoring will boost market growth in South Korea
           9.4.4 REST OF APAC (ROAPAC)
    9.5 REST OF THE WORLD
        TABLE 96 VSAAS MARKET IN ROW, BY VERTICAL, 2017–2025 (USD MILLION)
        TABLE 97 VSAAS MARKET IN ROW, BY COMMERCIAL VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 98 VSAAS MARKET IN ROW, BY INFRASTRUCTURE VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 99 VSAAS MARKET IN ROW, BY PUBLIC FACILITIES VERTICAL TYPE, 2017–2025 (USD MILLION)
        TABLE 100 VSAAS MARKET IN ROW, BY TYPE, 2017–2025 (USD MILLION)
        TABLE 101 VSAAS MARKET IN ROW, BY REGION, 2017–2025 (USD MILLION)
           9.5.1 SOUTH AMERICA
                    9.5.1.1 Growing number of infrastructural development projects and hospitality businesses creates significant opportunities for VSaaS providers
           9.5.2 MIDDLE EAST & AFRICA
                    9.5.2.1 Residential market to provide opportunities for video surveillance solutions across Middle East & Africa
           9.5.3 IMPACT OF COVID-19

10 COMPETITIVE LANDSCAPE (Page No. - 119)
     10.1 OVERVIEW
     10.2 HISTORICAL REVENUE ANALYSIS
          FIGURE 34 HISTORICAL REVENUE ANALYSIS
     10.3 MARKET RANKING ANALYSIS: VSAAS MARKET, 2019
          FIGURE 35 GLOBAL VSAAS MARKET RANKING ANALYSIS, 2019
     10.4 MARKET SHARE ANALYSIS: VSAAS MARKET, 2019
          FIGURE 36 VSAAS MARKET SHARE FOR TOP 5 PLAYERS, 2019
     10.5 COMPANY EVALUATION MATRIX
             10.5.1 STAR
             10.5.2 EMERGING LEADER
             10.5.3 PERVASIVE
             10.5.4 PARTICIPANT
                    FIGURE 37 COMPANY EVALUATION MATRIX, 2019
     10.6 PRODUCT FOOTPRINT ANALYSIS OF TOP PLAYERS
     10.7 STARTUP EVALUATION MATRIX
             10.7.1 PROGRESSIVE COMPANIES
             10.7.2 RESPONSIVE COMPANIES
             10.7.3 DYNAMIC COMPANIES
             10.7.4 STARTING BLOCKS
                    FIGURE 38 STARTUP (SME) EVALUATION MATRIX, 2019
     10.8 KEY MARKET DEVELOPMENTS
             10.8.1 PRODUCT LAUNCHES & UPGRADES
                    TABLE 102 PRODUCT LAUNCHES & UPGRADES, 2019–2020
             10.8.2 PARTNERSHIPS & COLLABORATIONS
                    TABLE 103 PARTNERSHIPS & COLLABORATIONS, 2020
             10.8.3 ACQUISITIONS
                    TABLE 104 ACQUISITIONS, 2018–2020
             10.8.4 EXPANSIONS
                    TABLE 105 EXPANSIONS, 2018–2020

11 COMPANY PROFILES (Page No. - 130)
     11.1 INTRODUCTION
     11.2 KEY PLAYERS
(Business Overview, Solutions & services offered, COVID-19-related developments, SWOT Analysis, MnM View)*
             11.2.1 ADT
                    FIGURE 39 ADT: COMPANY SNAPSHOT
             11.2.2 JOHNSON CONTROLS
                    FIGURE 40 JOHNSON CONTROLS: COMPANY SNAPSHOT
             11.2.3 AXIS COMMUNICATIONS
                    FIGURE 41 AXIS COMMUNICATIONS: COMPANY SNAPSHOT
             11.2.4 AVIGILON, A MOTOROLA SOLUTIONS COMPANY
             11.2.5 STANLEY BLACK & DECKER, INC.
                    FIGURE 42 STANLEY BLACK & DECKER, INC.: COMPANY SNAPSHOT
             11.2.6 ALARM.COM
                    FIGURE 43 ALARM.COM: COMPANY SNAPSHOT
             11.2.7 ARCULES
             11.2.8 COMCAST
                    FIGURE 44 COMCAST: COMPANY SNAPSHOT
             11.2.9 DURANC
             11.2.10 EAGLE EYE NETWORKS
             11.2.11 GENETEC INC.
             11.2.12 HONEYWELL COMMERCIAL SECURITY
             11.2.13 PACIFIC CONTROLS
*Details on Business Overview, Solutions & services offered, COVID-19-related developments, SWOT Analysis, MnM View might not be captured in case of unlisted companies.
     11.3 RIGHT TO WIN
     11.4 OTHER KEY PLAYERS
             11.4.1 ARLO TECHNOLOGIES
             11.4.2 MOBOTIX
             11.4.3 MORPHEAN SA
             11.4.4 VERKADA INC.
             11.4.5 VIVINT
     11.5 EMERGING PLAYERS
             11.5.1 CAMCLOUD
             11.5.2 CAMIO
             11.5.3 IVIDEON
             11.5.4 IRONYUN
             11.5.5 SOLINK
             11.5.6 QUMULEX
             11.5.7 VCLOUDAI

12 APPENDIX (Page No. - 174)
     12.1 DISCUSSION GUIDE
     12.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     12.3 AVAILABLE CUSTOMIZATIONS
     12.4 RELATED REPORTS
     12.5 AUTHOR DETAILS

The study involved four major activities in estimating the VSaaS market. Secondary and primary sources have been used to identify and collect information for an extensive technical and commercial study of the VSaaS market.  Validating findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments. This research includes the study of annual reports of the market players to identify the top players, along with interviews of the key opinion leaders such as chief executive officers (CEOs), directors, and marketing personnel.

Secondary Research

Secondary sources used for this research study include government sources, corporate filings (such as annual reports, investor presentations, and financial statements), trade articles, white papers, industry news, and business and professional associations. The secondary data has been collected and analyzed to arrive at the overall market size, which has been further validated through primary research.

Primary Research

Extensive primary research has been conducted after understanding and analyzing the VSaaS market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from both demand- and supply-side vendors across 4 major regions—North America, Europe, APAC, and RoW. Approximately 30% of the primary interviews have been conducted with the demand side and 70% with the supply side. These primary data have been collected mainly through telephonic interviews, which consist of 80% of the overall primary interviews; questionnaires and emails have also been used to collect the data.

Video Surveillance As A Service (VSaaS) Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

The top-down and bottom-up approaches have been used to estimate and validate the overall size of the VSaaS market. These methods have also been used extensively to estimate the size of various market subsegments.

The research methodology used to estimate the market size by the top-down approach includes the following:

  • Focusing initially on top-line investments and expenditures being made in the ecosystem of the VSaaS market
  • Calculating the market size through the revenue generated by major market players
  • Estimating 2020 values by considering COVID-19 impact across the value chain of VSaaS; analyzing recovery scenarios across the world to further forecast values
  • Conducting multiple on-field discussions with key opinion leaders across major companies involved in offering VSaaS to understand the impact of COVID-19
  • Estimating the geographic split using secondary sources based on various factors, such as the adoption trends of VSaaS across each vertical, region, and country
  • Analyzing the role of major market players in the development of innovative VSaaS solutions and their strategies to expand market presence

The research methodology used to estimate the market size by the bottom-up approach includes the following:

  • Identifying entities in the VSaaS market that influence the entire market, along with the related hardware players
  • Analyzing the major VSaaS platform and service players, studying their portfolios, and understanding different types of services offered
  • Analyzing the developments pre- and post-COVID-19
  • Studying the measures/steps taken by companies to deal with the COVID-19 pandemic
  • Analyzing the anticipated change in demand in the post-COVID-19 scenario
  • Analyzing the trends pertaining to the use of VSaaS in different verticals
  • Tracking the ongoing and upcoming developments in the market, such as investments made, R&D activities, product launches, collaborations, and partnerships, and forecasting the market based on these developments and other critical parameters
  • Carrying out multiple discussions with key opinion leaders to understand different types of VSaaS, cloud types, and verticals, and the recent trends in the market, thereby analyzing the breakup of the scope of work carried out by major companies
  • Arriving at the market estimates by analyzing the revenue generated by companies and then combining it to get the market estimate
  • Segmenting the overall market into various segments
  • Verifying and cross-checking the estimates at every level through discussions with key opinion leaders such as CXOs, directors, and operations managers, and finally with the domain experts at MarketsandMarkets
  • Studying various paid and unpaid sources of information, such as annual reports, press releases, white papers, and databases

Data Triangulation

After arriving at the overall market size through the process explained above, the overall market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.

Report Objectives

  • To describe and forecast the video surveillance as a service (VSaaS) market, in terms of value, by type and vertical
  • To provide qualitative insights regarding the different cloud types used for offering VSaaS
  • To describe and forecast the market, in terms of value, by region—North America, Europe,
    Asia Pacific (APAC), and the Rest of the World (RoW)
  • To provide detailed information regarding the major factors (drivers, restraints, opportunities, and challenges) influencing the market growth
  • To provide a detailed overview of the value chain of the VSaaS ecosystem
  • To strategically analyze the ecosystem, patent landscape, and case studies pertaining to the VSaaS market
  • To strategically analyze micromarkets with regard to individual growth trends, prospects,
    and contributions to the total market
  • To strategically profile key players, comprehensively analyze their market position
    in terms of ranking and core competencies, and provide the competitive landscape of the market
  • To analyze strategic approaches such as product launches, acquisitions, agreements, and partnerships in the VSaaS market

Available Customizations

MarketsandMarkets offers the following customizations for this market report:

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COVID-19

Get in-depth analysis of the COVID-19 impact on the VSaaS Market

Benchmarking the rapid strategy shifts of the Top 100 companies in the VSaaS Market

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Published ON
Oct, 2020
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