Video Surveillance and VSaaS Market

Video Surveillance and VSaaS Market Size Survey Report – In a Glance

As per the survey report on global Video surveillance and VSaaS market, the market is projected to foresee a CAGR of 12.2% between 2024-2033, and further generate a market size of USD 161.3 billion revenue by the end of 2033. In the year 2024, the market size was valued at USD 66.7 billion revenue.

• The global Video surveillance and VSaaS market is projected to grow on account of the increasing security concerns and government regulations.
• In Japan, the Video surveillance and VSaaS market growth can be attributed to the increasing crime rates.
• KDMI analyst’s growth analysis foresees data privacy and security concerns to challenge the market growth.
• Asia-Pacific (APAC), having the highest market share in the Video surveillance and VSaaS market, is projected to dominate the global market.

Video Surveillance and VSaaS Market Analysis

The video surveillance system is a setup of cameras, recording devices, and monitoring equipment designed for observation and to monitor or record activities of a particular area in real-time or for later reviews. On the other hand, video surveillance as a service (VSaaS) is a bit different from traditional video surveillance that uses on-site cameras and storage. VSaaS is a cloud-based monitoring system that offers remote monitoring, storage, and management using internet-connected gadgets. Nowadays, the rise in crime rates has become an alarming problem worldwide, adding to the increase in security concerns and government regulations. Here, video surveillance and VSaaS are essential to prevent or reduce unlawful actions, and governments around the world are devoting large amounts of capital in order to stop crimes and anti-terrorism activities, further driving the video surveillance and VSaaS market forward. According to the Global Terrorism Index (GTI) report, deaths from terrorism increased by 22 percent to 8,352 deaths in 2023 and are now at their topmost level since 2017. Also, the Global Organized Crime Index stated that near about 83% of the global population residing in crime-prone zones. Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), are some of the significant parties in the global market for Video surveillance and VSaaS.

Analyst’s Observation on Japan Video Surveillance and VSaaS Market Survey

In Japan, the market growth for Video surveillance and VSaaS can be attributed to the increasing crime rates. Handling criminal activities adds another hurdle to the security agencies of the country. The Japan’s National Police Agency (NPA) revealed that the number of crimes in Japan surged by 17 percent to 703,351 in 2023, highlighting an uptick in crimes and elevating the number near pre-pandemic levels. Furthermore, the Japan police have also raised the number of security cameras in the severely damaged cities, Wajima and Suzu, due to the series of strong quakes of up to 7.6 magnitude on New Year's Day this year 2024. Therefore, the installation of security cameras is increasing so as to elevate protection and deter criminal activities, ultimately expanding the market. The total number of security cameras installed is 200 million in China, 50 million in the U.S., 13.5 million in Russia, 5.2 million in Germany, and 5 million in the U.K. and Japan, as per a survey carried out in 2020. Panasonic System Networks Co. Ltd., Canon Inc., Sony Corporation, are some of the significant parties in the market for Video surveillance and VSaaS in Japan.

Video Surveillance and VSaaS Market Growth Driver and Challenges

Growth Driver

Increasing demand for remote monitoring across various industries:

Due to the increasing demand for effective monitoring and safety governance, the businesses of video surveillance and VSaaS are fueling, pushing the market ahead. In addition, the rise of remote work or telecommuting has also surged the demand for VSaaS across various sectors or industries, including healthcare. A large number of hospitals and clinics are adopting this technology to supervise patient safety and assure adherence to regulations. A 2020 American Association of Critical Care Nurses (AACN) journal study revealed that using digital tools, virtual patient rounds, enhanced cooperation with nursing professionals and remote intensive care unit nursing reduced the risk to bedside nurses while providing premium and high-quality patient care.

Restraint

Data privacy and security concerns:

Due to the data privacy and security concerns among consumers, the video surveillance and VSaaS market confronts substantial obstacles on its way to progression. As more businesses and organizations rely on cloud-based surveillance systems to supervise their premises and assets, there is rising anxiety and concern about the possible hazards linked with storing sensitive video data off-site and permitting third-party providers to access surveillance footage. Data leaks, unauthorized access, and privacy violations are among the main concerns that can restrain organizations from choosing VSaaS solutions, specifically in industries dealing with confidential information or stringent regulatory requirements. Despite efforts, personal data leaks by hackers are continuing to expand each year as there is a 20% increase in data breaches from 2022 to 2023. According to the 2023 Annual Data Breach Report, the total number of data breach notices without specific information almost doubled on a yearly basis.

Video Surveillance and VSaaS Market Segmentation

Our experts at KD Market Insights have segmented the global Video surveillance and VSaaS market research report as:

Video Surveillance and VSaaS Market Regional Synopsis

The Asia-Pacific (APAC) Video surveillance and VSaaS market are majorly driven by fast urbanization, internet infrastructure advancements rising economy, well-established infrastructure, increasing adoption of modern technologies and smart city initiatives. Moreover, the growing criminal activities across various industries in the region are also generating the requirement for video surveillance and VSaaS, eventually driving the market. Asia represents the pinnacle of criminality (at 5.47 out of 10) of all the continents. Precisely, human trafficking keeps being the most pervasive illicit market in Asia, largely taking shape as online sexual exploitation, bride trafficking, forced labour and domestic slavery. The region is also a global hub for financial crimes, earning the top position globally for this market (6.61).

North America is the fastest expanding region in the video surveillance and VSaaS market due to its advanced technological incorporation, advanced economy, well-established infrastructure, early adoption of new technologies and high-security demands. The U.S. and Canada emerged as thriving development areas in the region and its dominance can be credited to the extensive adoption of cloud computing, and the increasing acceptance of analytics and insights in various sectors. It has been found that hackers breached Microsoft Exchange and took tens of thousands of emails from the Outlook accounts of US State Department personnel.

As per our analysts at KD Market Insights, the following five players lead the Asia-Pacific (APAC) Video surveillance and VSaaS market growth:

• Hangzhou Hikvision Digital Technology Co., Ltd.
• Dahua Technology Co., Ltd
• Motorola Solutions, Inc.
• Zhejiang Uniview Technologies Co.,Ltd.
• Hanwha Vision Co., Ltd.

Video Surveillance and VSaaS Market Competitive Landscape

Some of the key players who top the global Video surveillance and VSaaS market share:

• Genetec Inc.
• Geovision
• Honeywell Security Group
• Axis Communications AB
• Bosch Security Systems Inc.
• Pelco Inc.
• Cisco Systems Inc.
• Canon Inc
• Panasonic System Networks Co. Ltd
• Agent Video Intelligence
• Zhejiang Dahua Technology Co. Ltd.
• HikVision Digital Technology Co. Ltd.

1. Executive Summary
   1. Market Overview
   2. Key Findings
   3. Market Trends
   4. Market Outlook
2. Introduction
   1. Scope of the Report
   2. Research Methodology
   3. Definitions and Assumptions
   4. Acronyms and Abbreviations
3. Market Dynamics
   1. Drivers
   2. Restraints
   3. Opportunities
   4. Challenges
4. Global Video Surveillance and VSaaS Market
   1. Market Overview
   2. Market Size and Forecast
   3. Market Segmentation
      1. By Type
      2. By Feature
      3. By AI visual analysis
      4. By Vertical
      5. By Region
5. Market Segmentation by Type
   1. 1. Hosted
      2. Managed
      3. Hybrid
6. Market Segmentation by Feature
   1. 1. AI-enabled VSaaS
      2. Non-AI VsaaS
7. Market Segmentation by AI visual analysis
   1. 1. Object Detection & Recognition
      2. Intrusion Detection
      3. Facial Recognition
      4. Anomaly Detection
8. Market Segmentation by Vertical
   1. 1. Commercial
      2. Residential
      3. Industrial
      4. Infrastructure
      5. Military & Defense
      6. Public Facilities

1. Regional Analysis
   1. North America
      1. United States
         1. Market Size and Forecast
         2. Key Trends and Developments
2. Market Analysis by Type, Feature, AI visual analysis and Vertical
   1. 1. 1.  
      2. Canada
         1. Market Size and Forecast
         2. Key Trends and Developments
      3. Market Analysis by Type, Feature, AI visual analysis and Vertical
      4. Mexico
         1. Market Size and Forecast
         2. Key Trends and Developments
   2. Market Analysis by Type, Feature, AI visual analysis and Vertical
   3. Europe
      1. United Kingdom
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Feature, AI visual analysis and Vertical
      3. Germany
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Feature, AI visual analysis and Vertical
      5. France
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Feature, AI visual analysis and Vertical
      7. Italy
         1. Market Size and Forecast
         2. Key Trends and Developments
      8. Market Analysis by Type, Feature, AI visual analysis and Vertical
      9. Spain
         1. Market Size and Forecast
         2. Key Trends and Developments
      10. Market Analysis by Type, Feature, AI visual analysis and Vertical
      11. Rest of Europe
          1. Market Size and Forecast
          2. Key Trends and Developments
   4. Market Analysis by Type, Feature, AI visual analysis and Vertical
   5. Asia Pacific
      1. China
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Feature, AI visual analysis and Vertical
      3. Japan
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Feature, AI visual analysis and Vertical
      5. India
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Feature, AI visual analysis and Vertical
      7. Australia
         1. Market Size and Forecast
         2. Key Trends and Developments
         3. Market Analysis by Type, Feature, AI visual analysis and Vertical
         4. South Korea
         5. Market Size and Forecast
         6. Key Trends and Developments
      8. Market Analysis by Type, Feature, AI visual analysis and Vertical
      9. Rest of Asia Pacific
         1. Market Size and Forecast
         2. Key Trends and Developments
   6. Market Analysis by Type, Feature, AI visual analysis and Vertical
   7. Latin America
      1. Brazil
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Feature, AI visual analysis and Vertical
      3. Argentina
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Feature, AI visual analysis and Vertical
      5. Colombia
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Feature, AI visual analysis and Vertical
      7. Rest of Latin America
         1. Market Size and Forecast
         2. Key Trends and Developments
   8. Market Analysis by Type, Feature, AI visual analysis and Vertical
   9. Middle East & Africa
      1. South Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
      2. Market Analysis by Type, Feature, AI visual analysis and Vertical
      3. Saudi Arabia
         1. Market Size and Forecast
         2. Key Trends and Developments
      4. Market Analysis by Type, Feature, AI visual analysis and Vertical
      5. UAE
         1. Market Size and Forecast
         2. Key Trends and Developments
      6. Market Analysis by Type, Feature, AI visual analysis and Vertical
      7. Rest of Middle East & Africa
         1. Market Size and Forecast
         2. Key Trends and Developments
3. Market Analysis by Type, Feature, AI visual analysis and Vertical
4. Competitive Landscape
   1. Market Share Analysis
   2. Company Profiles
   3. Medtronic (Ireland)
   4. IBM
   5. Apple Inc.
   6. Siemens Medical Solutions
   7. Pepperl+Fuchs
   8. Cisco
   9. GE Healthcare
5. Strategic Recommendations
6. Appendix
   1. List of Tables
   2. List of Figures
7. References