VSaaS Market worth $10.7 billion by 2029 – Exclusive Report by MarketsandMarkets™

CHICAGO, April 18, 2024 /PRNewswire/ — 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 according to a new report by MarketsandMarkets™. The scalability and flexibility offered by VSaaS solutions enable businesses to expand their surveillance systems as needed, making it an attractive option for organizations of all sizes and industries seeking to enhance security and operational efficiency.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=773
Browse in-depth TOC on “VSaaS Market” 199 – Tables60 – Figures232 – Pages
VSaaS Market Report Scope:
Report Coverage
Details
Market Revenue in 2024
$ 5.0 billion
Estimated Value by 2029
$ 10.7 billion
Growth Rate
Poised to grow at a CAGR of 16.1%
Market Size Available for
2020–2029
Forecast Period
2024–2029
Forecast Units
Value (USD Million/Billion)
Report Coverage
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered
By Type, Feature, AI Visual Analysis, Vertical & Region
Geographies Covered
North America, Europe, Asia Pacific, and Rest of World
Key Market Challenge
Lack of knowledge regarding benefits of VSaaS services pose a major challenge
Key Market Opportunities
Increasing use of smart devices
Key Market Drivers
Increasing demand for real-time surveillance data
The VSaaS market for hybrid type will hold the highest CAGR during the forecast period.
The VSaaS market for hybrid services is experiencing notable growth due to its ability to offer a flexible and customizable approach to video surveillance. Hybrid services combine the benefits of cloud-based and on-premises solutions, allowing businesses to leverage local infrastructure for high-resolution video storage and cloud services for remote access, scalability, and redundancy. This hybrid model addresses businesses’ diverse needs and preferences, particularly those with stringent security requirements or limited bandwidth availability. Additionally, hybrid VSaaS solutions offer seamless integration with existing surveillance infrastructure, allowing businesses to modernize their systems gradually while maximizing the value of their investments in legacy equipment. 
VSaaS market for AI-enabled VSaaS to hold the highest CAGR during the forecast period.
The VSaaS market for AI-enabled VSaaS is experiencing rapid growth due to the transformative impact of artificial intelligence on video surveillance capabilities. AI-powered VSaaS offers advanced features such as real-time object detection, facial recognition, and behavior analysis, enabling businesses to enhance security, optimize operations, and extract valuable insights from video data. Integrating AI algorithms allows for more accurate and efficient detection of threats and anomalies, reducing false alarms and enabling proactive responses to security incidents.
VSaaS market for object detection & recognition AI visual analysis to hold the highest CAGR during the forecast period.
The VSaaS market for object detection and recognition is experiencing significant growth due to its ability to enhance security, operational efficiency, and customer experience across various industries. Object detection and recognition technologies leverage advanced algorithms, such as deep learning and computer vision, to accurately identify and classify objects in real-time video streams. This enables businesses to detect and respond to security threats more effectively, whether identifying unauthorized individuals, detecting intrusions, or recognizing suspicious behavior.
VSaaS market for infrastructure vertical to hold the highest CAGR during the forecast period.
The VSaaS market for the infrastructure vertical is experiencing notable growth due to several key factors. Firstly, infrastructure assets such as transportation networks, utilities, and critical facilities require robust surveillance solutions to ensure safety, security, and operational efficiency. VSaaS offers infrastructure operators the ability to remotely monitor and manage vast and often remote or hard-to-reach areas, improving incident response times and reducing operational costs. Additionally, as governments and organizations worldwide invest in modernizing and expanding infrastructure, there is a growing emphasis on incorporating smart technologies, including video surveillance, to enhance resilience and sustainability.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=773
VSaaS market for Asia Pacific to hold the highest CAGR during the forecast period.
The growth of the VSaaS industry in the Asia Pacific region is particularly pronounced due to several key factors. Firstly, the region’s rapid urbanization and economic development have increased security and surveillance infrastructure investments across various industries. Additionally, the widespread adoption of digital technologies, coupled with advancements in cloud computing and internet connectivity, has made VSaaS more accessible and cost-effective for businesses of all sizes. Furthermore, rising concerns about safety, security, and regulatory compliance drive demand for modern surveillance solutions, including VSaaS, to address evolving security threats and operational challenges.
Key Players
The VSaaS Companies includes significant Tier I and II players like ADT (US), Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden), and others. These players have a strong market presence for VSaaS across various North America, Europe, Asia Pacific, and RoW countries.
Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=773
Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting
Related Reports: 
Security Solutions Market by Systems (Video Surveillance, Access Control, Thermal Imaging, Fire Protection, Entrance Control, Intruder Alarm), Services (Security Systems Integration, Remote Monitoring, VSaaS, ACaaS), Vertical – Global Forecast to 2029
Video Surveillance Market by Offering (Camera, Storage Devices, Monitors, AI-Based VMS, Non AI-Based VMS, Video Content Analysis, AI-Driven Video Analytics, VSaaS), System (IP, Analog, Hybrid), Resolution, Vertical and Region – Global Forecast to 2028
Access Control as a Service Market (ACaaS) by Access Control Models (RBAC, DAC), Service Type (Hosted, Managed, Hybrid), Cloud Deployment (Public Cloud, Private Cloud), Vertical (Commercial, Residential, Government, Retail) Region – Global Forecast to 2027
Home Security Systems Market Size, Share, Industry Growth Analysis Report by Home Type (Independent Homes, Apartments), Security (Professionally Installed & Monitored, Do-It-Yourself), Systems (Access Control Systems), Services (Security System Integration Services), Global Growth Driver and Industry Forecast To 2027
Fire Protection System Market by Fire Suppression, Smoke Detector (Photoelectric, Ionization, Beam), Flame Detector (IR, UV), Heat Detector, Sprinkler (Wet, Dry, Deluge), Fire Response & Analysis, Service, Vertical and Region – Global Forecast to 2029
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.
Contact: Mr. Aashish MehraMarketsandMarkets™ INC. 630 Dundee RoadSuite 430Northbrook, IL 60062USA: +1-888-600-6441Email: sales@marketsandmarkets.comVisit Our Web Site: https://www.marketsandmarkets.com/Research Insight: https://www.marketsandmarkets.com/ResearchInsight/video-surveillance-as-a-service-market.aspContent Source: https://www.marketsandmarkets.com/PressReleases/vsaas.asp
Logo: https://mma.prnewswire.com/media/2297424/MarketsandMarkets_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/vsaas-market-worth-10-7-billion-by-2029—exclusive-report-by-marketsandmarkets-302120785.html