IP Video Surveillance and VSaaS Market Key Players Analysis and Growth Forecast by 2031

The IP video surveillance and VSaaS market is expected to register a CAGR of 14.2% during 2023–2031. The shift from analog to IP-based systems and the rise of edge computing in surveillance devices are likely to remain key trends in the market.

IP Video Surveillance and VSaaS Market Analysis

• Its increased adoption, especially by SMEs is mainly due to its affordability and extendibility, while large enterprises adopt VSaaS for multi-site operations centralized management.
• Early adopters in retail, health, education and other sectors that emigrated to the cloud are enthusiastic about the flexibility and elimination of infrastructure costs.
• Despite the growing flexibility of cloud-based solutions, industries such as health, government, police and others are holding back from fully embracing VSaaS due to security of data and bandwidth issues. There is no doubt that the market is going to grow in the upcoming years.

IP Video Surveillance and VSaaS Market Overview

• It is crucial to note that the IP video surveillance and VSaaS market is growing rapidly worldwide. The main reason behind this growing trend is increasing security concerns and enhanced technological innovations along with the transition from legacy analog systems to innovative IP-based digital systems.
• In terms of regional market adoptions, North America and Europe are the forerunners in the market (in adoption), while Asia-Pacific is showing the highest market growth rate. The market for IP-based video surveillance has been showing constant innovations with three primary trends: AI integration, cloud services and edge computing. The market is continuing to exert robust growth despite some of the challenges such as cybersecurity concerns.
• The future of the IP video surveillance and VSaaS market is poised to remain strong and could even surpass the expected growth.

IP Video Surveillance and VSaaS Market: Strategic Insights

IP Video Surveillance and VSaaS Market Drivers and Opportunities

Increasing Security Concerns to Favor the Market

• The increasing security threats are accelerating the demand for the IP video surveillance and VSaaS market. Across the globe, crimes, terrorism and public safety problems are on the rise and have heightened the security threat perception. Therefore, governments and private organizations are investing in security surveillance systems.
• Superior image quality, remote view access and advanced analytics are reasons why IP video surveillance and VSaaS are preferred over any analogous system. The systems also offer better monitoring, faster response and effective crime prevention.
• IP video surveillance and VSaaS are also compatible with many other security systems. What’s more, being a cloud-based service, VSaaS offers easy expansion, where more and more cameras can be added with time.
• Commercial establishments such as shopping malls are adopting it rapidly, followed by critical infrastructure facilities like power stations and telecommunication towers. In public spaces such as roads, streets, bridges and railways, authorities are increasing surveillance and monitoring systems mandatorily owing to security considerations.

Integration with AI and Machine Learning for Advanced Analytics

• The opportunities that come with the integration of AI and machine learning into the IP video surveillance and VSaaS market are spurring new technologies to analyze and exploit video data in revolutionary ways.
• Enhanced capabilities are available, such as facial recognition, object detection, behavioral analysis or anomaly detection, which help surveillance systems become proactive at detecting and preventing threats. An example of this is an AI-powered system that might alert a human monitor to suspicious activity, such as following an unauthorized person through a restricted area by automatically detecting the behavior and identifying the malefactor.
• The advantage of machine learning is that it can improve as applications grow in use and reduce false alarms. Such analytics capabilities contribute to improving the efficacy of security operations.

IP Video Surveillance and VSaaS Market Report Segmentation Analysis

Key segments that contributed to the derivation of the IP video surveillance and VSaaS market analysis are product and end user.

• Based on product, the IP video surveillance and VSaaS market is divided into hardware, software, cloud-based solutions, and services.
• Based on the end user, the IP video surveillance and VSaaS market is divided into BFSI, retail, government, entertainment and media, and others.

IP Video Surveillance and VSaaS Market Share Analysis by Geography

• IP Video Surveillance and VSaaS Market Report comprises a detailed analysis of five major geographic regions, which includes current and historical market size and forecasts for 2021 to 2031, covering North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South & Central America.
• Each region is further sub-segmented into respective countries. This report provides analysis and forecasts of 18+ countries, covering IP Video Surveillance and VSaaS market dynamics, such as drivers, trends, and opportunities that are impacting the markets at the regional level.
• Also, the report covers PEST analysis, which involves the study of major factors that influence the IP Video Surveillance and VSaaS market in these regions.

The regional trends and factors influencing the IP Video Surveillance and VSaaS Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses IP Video Surveillance and VSaaS Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

IP Video Surveillance and VSaaS Market Report Scope

IP Video Surveillance and VSaaS Market Players Density: Understanding Its Impact on Business Dynamics

The IP Video Surveillance and VSaaS Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

IP Video Surveillance and VSaaS Market News and Recent Developments

The IP video surveillance and VSaaS market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the IP video surveillance and VSaaS market are listed below:

• Axis Communications introduces Axis Cloud Connect, an open hybrid cloud platform designed to provide customers with more secure, flexible, and scalable security solutions. Together with Axis devices, this platform enables a range of managed services to support system and device management, video and data delivery and meet high demands in cybersecurity. (Source: Axis Communications AB, Press Release, April 2024)

IP Video Surveillance and VSaaS Market Report Coverage and Deliverables

The “IP Video Surveillance and VSaaS Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• IP video surveillance and VSaaS market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• IP video surveillance and VSaaS market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST/Porter’s Five Forces and SWOT analysis
• IP video surveillance and VSaaS market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the IP video surveillance and VSaaS market
• Detailed company profiles