PUBLISHER: Grand View Research | PRODUCT CODE: 1571561
PUBLISHER: Grand View Research | PRODUCT CODE: 1571561
The global video surveillance & VSaaS market size is expected to reach USD 148.68 billion by 2030, registering to grow at a CAGR of 12.5% from 2024 to 2030 according to a new report by Grand View Research, Inc. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market. Increased demand for traffic surveillance and intrusion detection is also expected to propel market growth over the next six years.
Technological advancement has led to the development of improved surveillance cameras and related devices. Declining IT costs and centralized data management are expected to positively impact the video surveillance & VSaaS market. Privacy concerns associated with public surveillance may restrain the market growth. Implementing big data analytics solutions is expected to provide viable growth opportunities to companies operating in the market. Mobile video surveillance allows real-time data viewing, which presents growth potential to the video surveillance market.