VSaaS Market

VSaaS Companies - ADT (US) and Johnson Controls (Ireland) are the Key Players

The global VSaaS market is expected to be valued at USD 5.0 billion in 2024 and is projected to reach USD 10.7 billion by 2029; it is expected to grow at a CAGR of 16.1% from 2024 to 2029. Product launches, acquisitions, collaborations, partnerships, agreements, and expansions are the major growth strategies the market players adopt. These strategies have enabled them to efficiently fulfill the growing demand for VSaaS from different verticals and expand their global footprint by offering their products in all the major regions.

Key players operating in the VSaaS market are ADT (US), Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden), Honeywell International Inc (US), Robert Bosch GmbH (Germany), Alarm.com (US), Hangzhou Hikvision Digital Technology Co., Ltd. (China), Arcules Inc (US), Duranc (US), Eagle Eye Networks (US), Genetec Inc (Canada), Pacific Controls (UAE), Camcloud (Canada), Arlo (US), Mobotix (Germany), Morphean (Switzerland), Verkada Inc (US), Vivint, Inc. (US), Camiolog, Inc. (US), Ivideon (US), Ironyun USA, Inc. (US), Solink Corp. (Canada), and 3DEYE (Canada).

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Major Unmanned Underwater Vehicles companies include:

  • ADT (US)
  • Johnson Controls (Ireland)
  • Axis Communication AB (Sweden)
  • Motorola Solutions, Inc. (US)
  • Securitas AB (Sweden)

ADT (US)

ADT provides automation, security, and smart home solutions to business customers and consumers across the US. The company offers professional monitoring services and lifestyle-driven solutions via professionally installed, do-it-yourself (DIY), mobile, and digital-based offerings for consumers, small businesses, and larger commercial customers. ADT’s products and services include interactive and smart home solutions, allowing customers to monitor and manage their residential and commercial environments remotely. The company offers several video surveillance solutions to meet the needs of customers. ADT Commercial digital video solutions offer standard and advanced high-definition IP video security cameras, NVRs (Network Video Recorders), and enterprise-level servers to record and manage video operations. With remote web management and viewing, users can access real-time and recorded video to help make security decisions anytime and from anywhere.

Johnson Controls (Ireland)

Johnson Controls is a global leader in intelligent, healthy, and sustainable buildings, serving a range of customers in over 150 countries. The company is a worldwide leader in engineering, manufacturing, and commissioning building products and systems. This includes residential & commercial HVAC (Heating, Ventilation, and Air Conditioning) equipment, industrial refrigeration systems, security systems, fire detection systems, and fire suppression solutions. It also serves customers by providing technical services, including maintenance, repair, retrofit, and replacement of equipment (in the HVAC, industrial refrigeration, security, and fire-protection space) and energy-management consulting. Johnson Controls offers VSaaS solutions to address security issues in a new and effective way by using interactive video and optional audio capabilities. Several tailored and managed video solutions, such as video and audio alarm verification, video assistance, and video escort assistance, are also offered. It provides cloud security services for businesses. Tyco Cloud VMS, a cost-effective solution, offers unlimited flexibility for cloud recording in a simple interface.   

Axis Communications AB (Sweden)

Axis Communications AB is one of the market leaders in developing and marketing video surveillance and access control solutions. The company has over 90,000 partners in 179 countries across the Americas, Europe, Asia, the Middle East, and Africa. It continuously develops and launches innovative network products to retain its position as one of the market leaders in network and surveillance cameras. Its product portfolio comprises network cameras, intercoms, access controls, wearables, video recorders, workstations, and system devices. These products are targeted for applications across various industries, including industrial, banking & finance, public transport, retail, smart cities, commercial real estate, cargo and logistics, education, and healthcare.

Axis Communications AB offers a video management system (VMS), AXIS Companion, a flexible and reliable recording solution that provides effortless control from anywhere. AXIS Companion includes real-time alert notifications informing users of suspicious activity. It can be customized to suit the users’ needs.

Motorola Solutions, Inc. (US)

Motorola Solutions, Inc. provides communication infrastructure, accessories, devices, software, and services. It operates through the following segments: Products and Systems Integration and Software and Services. The Products and Systems Integration segment offers a portfolio of infrastructure, devices, accessories, and video security devices, as well as the implementation and integration of such systems, devices, and applications. The Software and Services segment provides a range of solution offerings, including public safety and enterprise Command Center Software, unified communications applications, and video software solutions.

In March 2018, Motorola Solutions, Inc. acquired Avigilon, a leading designer and manufacturer of video analytics, network video management software and hardware, surveillance cameras, and access control solutions. Avigilon provides video surveillance solutions across various applications such as agriculture, airports, education, banking, gaming, mining, government, healthcare, oil & gas, ports, retail, stadiums, and utilities. Avigilon manufactures various video surveillance products, including video management software, cameras, access control, and video analytics. Avigilon operates under Motorola Solutions, Inc.'s product and system integration segment.

Securitas AB (Sweden)

Securitas AB is one of the top VSaaS firms that serve a range of customers in various industry segments. The company operates under four segments: Securitas North America, Securitas Europe, Securitas Ibero-America, and Others. Its service portfolio comprises security guarding, remote video solutions, aviation security, electronic security, fire & safety, enterprise risk management, intelligent security, and home alarms. It offers these services to cater to various applications and industry verticals, including aviation, construction, critical infrastructure, data centers, industry/manufacturing, maritime, offices, retail, residential, and small & medium enterprises. It operates in 47 markets and has 1,300 branch offices. It has a strong operational presence across the US, Canada, Mexico, Germany, France, Sweden, Belgium, the Netherlands, the UK, Spain, Argentina, Australia, China, India, Saudi Arabia, the UAE, and Vietnam.

Securitas AB offers remote video solutions (RVS), such as alarm verification, access management, area protection, remote patrolling, video surveillance, and remote business intelligence. The Securitas RVS is a cost-efficient VSaaS. The RVS Go is an advanced video surveillance solution that offers its clients access to the full range of remote services and includes new camera hardware, maintenance, and monitoring. In addition, RVS Pro is a fully integrated solution compatible with a range of camera models managed on a video management platform.

Related Reports:

VSaaS Market by Type (Hosted, Managed, Hybrid), Feature (AI-enabled VSaaS, Non-AI VSaaS), AI Visual Analysis (Object Detection & Recognition, Intrusion Detection, Facial Recognition, Anomaly Detection), Vertical & Region - Global Forecast to 2029

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VSaaS Market Size,  Share & Growth Report
Report Code
SE 1236
RI Published ON
4/18/2024
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