The key factors driving the video surveillance, and VSaaS market include development of data centers, IT cost suppression by major corporates, new technologies and features, like field of view (FOV) and IOT (internet of things), along with the need for consolidated application and data management.
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Video surveillance as a service is a cloud based internet recording of security camera video. It is delivered as a motion triggered digital video of 10-15 seconds, which are used during the day stamps for real time monitoring and forensics.
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The global video surveillance and VSaaS market can be categorized, on the basis of components, systems and by applications. On the basis of components, the global video surveillance and VSaaS market can be divided into hardware, cameras, recorders and storage, encoders, monitors, softwares, video management system, video analytics, services, managed, hosted, and hybrid components. Based upon systems, the market can be categorized, as IP based video surveillance, and analog video surveillance. The end use applications sector consists of residential, retail, business organizations, transportations, hospitality, industrial, government buildings, stadiums, healthcare, and others. Among the end user application areas, the largest segment in the video surveillance and VSaaS market is the transportation segment, which involves public transits, city surveillance, and highways.
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Due to the rising need for surveillance cameras with improved video quality, the demand for IP-based video surveillance systems is increasing, worldwide. Cameras held the largest share from the video surveillance hardware market, while hardware covered around 85% of the total video surveillance and video surveillance as software (VSaaS) market. Further, the market is undergoing substantial growth in demand for video analytics solutions and cloud-based surveillance solutions. Video analytics reduces the human need for analyzing and monitoring, video feeds in real time. There is rising demand for such intelligent surveillance organizations to provide real time understandings, with automatic alarm and event notifications.
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