PUBLISHER: The Business Research Company | PRODUCT CODE: 1464119
PUBLISHER: The Business Research Company | PRODUCT CODE: 1464119
IP Video Surveillance and VSaaS encompass advanced digital video surveillance systems utilizing internet protocol (IP) cameras for capturing and transmitting video footage, with VSaaS offering cloud-based solutions for storage, analytics, and management of surveillance data.
The primary products within IP Video Surveillance and VSaaS include hardware, software, and services. Hardware comprises tangible devices such as IP cameras and network video recorders, essential for capturing and processing video data. These components are classified into various types, including hosted, managed, and hybrid, and are deployed across diverse applications such as banking, retail, government, manufacturing, residential, entertainment, healthcare, and more.
The IP video surveillance and VSaaS research report is one of a series of new reports from The Business Research Company that provides IP video surveillance and VSaaS market statistics, including the IP video surveillance and VSaaS industry's global market size, regional shares, competitors with an IP video surveillance and VSaaS market share, detailed IP video surveillance and VSaaS market segments, market trends and opportunities, and any further data you may need to thrive in the IP video surveillance and VSaaS industry. This IP video surveillance and VSaaS market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The IP video surveillance and VSaaS market size has grown rapidly in recent years. It will grow from $33.01 billion in 2023 to $36.8 billion in 2024 at a compound annual growth rate (CAGR) of 11.5%. The growth observed during the historic period can be attributed to several factors, including the transition from analog to IP-based surveillance systems, heightened security concerns following events such as 9/11, standardization of internet protocol (IP), decreasing costs of storage solutions, and increasing awareness of the benefits of video analytics technologies.
The IP video surveillance and VSaaS market size is expected to see rapid growth in the next few years. It will grow to $54.44 billion in 2028 at a compound annual growth rate (CAGR) of 10.3%. The forecasted growth is driven by several factors, including increasing demand in emerging markets, growing requirements for remote monitoring capabilities, heightened focus on cybersecurity measures, advancements in cloud computing technologies, and the expansion of smart cities and Internet of Things (IoT) initiatives. Major trends anticipated during this period include the development of vertical-specific solutions tailored to specific industries, integration of video surveillance systems with access control technologies, implementation of privacy-enhancing technologies, a continued emphasis on cybersecurity measures, and the adoption of hybrid cloud deployment models.
The anticipated surge in crime rates is poised to drive growth within the IP video surveillance and VSaaS sectors in the forthcoming years. Crime rates, a pivotal metric quantifying criminal activities within defined regions and timeframes, underscore the necessity for enhanced security measures. IP video surveillance and VSaaS solutions serve as indispensable tools in deterring crimes, gathering evidential data, enabling real-time monitoring, bolstering public safety, and supporting law enforcement initiatives. Notably, in September 2023, the Bureau of Justice Statistics reported a notable uptick in violent victimization rates in the United States, escalating to 23.5 victimizations per 1,000 individuals aged 12 or older in 2022 from 9.7 per 1,000 in 2021 and 7.5 per 1,000 in 2020. This upward trend underscores the pivotal role of surveillance technologies in addressing evolving security challenges.
Prominent entities within the IP video surveillance and VSaaS domains are actively engaged in advancing their product portfolios with cutting-edge innovations such as Edge AI surveillance cameras. These sophisticated solutions, integrated with edge artificial intelligence (AI) capabilities, empower localized data processing and analysis directly within the camera infrastructure, thereby reducing reliance on centralized cloud-based systems. For example, in February 2023, IDIS, a leading surveillance technology firm headquartered in South Korea, unveiled a comprehensive range of user-friendly yet powerful edge AI cameras. Leveraging their proprietary Idis Deep Learning Engine, these new 5MP dome and bullet models exhibit advanced processing capabilities, facilitating highly efficient performance at the edge. With features such as accurate object detection and classification, these cameras minimize false alarms, fortify security measures, and deliver substantial value to organizations across diverse industries.
In October 2021, Delta, a prominent American provider of power and thermal management solutions, completed the acquisition of March Networks from Infinova (Canada) Ltd. for a sum of $114 million. This strategic move by Delta is geared towards enhancing its foothold in the video surveillance sector and enriching its range of building automation offerings. By joining forces with March Networks, Delta aims to broaden its market reach and reinforce its involvement in the expanding video market. March Networks, a subsidiary of Infinova (Canada) Ltd., specializes in video surveillance and business intelligence solutions and is headquartered in Canada.
Major companies operating in the ip video surveillance and vsaas market report are Panasonic Corporation, Cisco Systems Inc., Honeywell International Inc., Johnson Controls International PLC, Hangzhou Hikvision Digital Technology Co. Ltd., Bosch Security Systems, Axis Communications AB, Avigilon Corporation, NETGEAR Inc., D-Link Corporation, Vivotek Inc., Zhejiang Dahua Technology Co. Ltd., Genetec Inc., Milestone Systems AS, Pelco by Schneider Electric, Eagle Eye Networks Inc., Vista IT Solutions LLC, Securens Systems Pvt. Ltd., MOBOTIX AG, Costar Technologies Inc., Infinova Group, IndigoVision Group PLC, Ivideon LLC, Arecont Vision Costar LLC, Salient Systems Corporation, Qognify Limited, Camcloud Inc., Cloudview Ltd., Arcules Inc.
North America was the largest region in the IP video surveillance and VSaaS market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ip video surveillance and vsaas market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ip video surveillance and vsaas market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The IP video surveillance and VSaaS market consists of revenues earned by entities by providing services such as remote video monitoring, cloud-based storage, real-time analytics, and centralized management of security camera systems over the internet. The market value includes the value of related goods sold by the service provider or included within the service offering. The IP video surveillance and VSaaS market also includes sales of IP cameras and network video recorders (NVRs), video management tools, and remote monitoring tools. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
IP Video Surveillance And VSaaS Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on IP video surveillance and VSaaS market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for IP video surveillance and VSaaS ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The IP video surveillance and VSaaS market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.