The global IP video surveillance and VSaaS market size was valued at $28.39 billion in 2020, and is projected to reach $83.03 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030. Digital video surveillance systems can be used for nearly in any environment. Owing to increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. There has been an increase in demand for security applications, such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others.
Factors such as rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras, and rise in need of safety in high risk areas are expected to fuel growth of the IP video surveillance and VSaaS market. However, high installation investment and large data storage requirements are expected to hinder the market growth. Conversely, emerging trends toward development of smart cities are expected to offer lucrative opportunities for the market globally.
The global IP video surveillance & VSaaS market is analyzed by product type, application, and region. On the basis of product type, the market is analyzed across hardware, software, cloud-based solutions, and services. The hardware segment is further sub-segmented into impact camera, monitor, and storage. The software segment is bifurcated into video analytics software and video management system. The cloud-based solution is further bifurcated into cloud storage by product software and cloud storage by deployment.
By services, the market is analyzed across VSaaS, hosted VSaaS, managed VSaaS, hybrid VSaaS, and integrated services IP surveillance.
On the basis of application, the market is divided into banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, casino & entertainment, healthcare, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The major companies profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc.), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric).
Factors such as rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras, and rise in need of safety in high risk areas are expected to fuel growth of the IP video surveillance and VSaaS market. However, high installation investment and large data storage requirements are expected to hinder the market growth. Conversely, emerging trends toward development of smart cities are expected to offer lucrative opportunities for the market globally.
The global IP video surveillance & VSaaS market is analyzed by product type, application, and region. On the basis of product type, the market is analyzed across hardware, software, cloud-based solutions, and services. The hardware segment is further sub-segmented into impact camera, monitor, and storage. The software segment is bifurcated into video analytics software and video management system. The cloud-based solution is further bifurcated into cloud storage by product software and cloud storage by deployment.
By services, the market is analyzed across VSaaS, hosted VSaaS, managed VSaaS, hybrid VSaaS, and integrated services IP surveillance.
On the basis of application, the market is divided into banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, casino & entertainment, healthcare, and others. On the basis of region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.
The major companies profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc.), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric).
KEY MARKET SEGMENTS
By Product Type
- Hardware
- Impact Camera (IP Camera)
- Monitor
- Storage
- Software
- Video Analytics Software (VAS)
- Video Management System (VMS)
- Cloud Based Solutions
- Cloud Storage by Product Software
- Cloud Storage by Deployment
- Services
- Video Surveillance as a Service
- Hosted VSaaS
- Managed VSaaS
- Hybrid VSaaS
- Integrated Services IP Surveillance
By Application
- Banking & Financial Sector
- Retail
- Government & Higher Security
- Manufacturing & Corporate
- Residential
- Casino & Entertainment
- Healthcare
- Others
KEY MARKET PLAYERS
- Avigilon (Motorola Solutions)
- Axis Communications AB
- Bosch Security Systems GmbH
- Dahua Technology Co, Ltd
- D-Link Corporation
- Hangzhou Hikvision Digital Technology Co, Ltd
- Honeywell Security (Honeywell International Inc)
- The Infinova Group
- Panasonic Corporation
- Pelco (Schneider Electric)
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Table of Contents
Chapter 1: Introduction
Chapter 2: Executive Summary
Chapter 3: Market Overview
Chapter 4: Ip Video Surveillance & Vsaas Market, by Product Type
Chapter 5: Ip Video Surveillance & Vsaas Market, by Application
Chapter 6: Ip Video Surveillance & Vsaas Market, by Region
Chapter 7: Company Profiles
List of Tables
List of Figures
Executive Summary
According to a new report titled, IP Video Surveillance and VSaaS Market by Product Type and Application: Global Opportunity Analysis and Industry Forecast, 2021 - 2030, the global IP video surveillance and VSaaS market size was valued at $28.39 billion in 2020, and is projected to reach $83.03 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030 Asia-Pacific is expected to be the leading contributor to the global IP video surveillance and VSaaS market, followed by Europe and North AmericaA video surveillance system is a surveillance system that captures images and videos that can be compressed, stored, or sent over communication networks. Digital video surveillance systems can be used in nearly any environment. Security and surveillance are required for all organizations globally.
Owing to increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. IP security cameras send their signal over a network, allowing greater information transfer than an analog signal sent to a DVR, which act as major IP video surveillance and VSaaS market trends.
North America is one of the key contributors to the IP video surveillance and VSaaS market owing to the increase in number of applications in commercial, industrial, and residential sectors, which fuels the demand for IP video surveillance & VSaaS in the region. For instance, Mount Royal University in Canada is turning to artificial intelligence to strengthen its security across its campus.
The university replaced their old CCTV cameras with 360-degree high-resolution cameras and a software system enabled with AI. The three components of the project have been funded by three different revenue sources, including the University’s operating budget, the library project fund, and the provincial government’s Infrastructure Maintenance Act. In addition, an app called MRU is also available for download on iTunes and the Google Play store that alerts users about safety concerns on campus and will allow them to report an emergency from their phones.
On the basis of the IP video surveillance and VSaaS market analysis, by application, the banking & financial sector segment generated the highest revenue in 2018 followed by the retail segment, which is estimated to witness rapid growth among the other applications mentioned in the report.
The U.S. is also one of the major contributors to the IP video surveillance and VSaaS market growth. U.S Department of Homeland Security’s Transportation Security Administration (TSA) agency has an authority over the security of the public travelling in the U.S. On November 19, 2018, the U.S. Secret Service started testing a facial recognition system that uses security cameras to capture images of people outside the White House and match their respective identity. This is expected to increase the demand for video surveillance in the U.S. during the forecast period.
COVID-19 Impact Analysis
The COVID-19 pandemic has significantly impacted global economies, resulting in workforce & travel restrictions, supply chain & production disruptions, and reduced demand & spending across many sectors. Sudden decline in infrastructure development and installation projects is expected to hamper the IP video surveillance and VSaaS market for commercial and industrial sectors. The IP video surveillance and VSaaS industry witnessed dip in its growth rate, owing to delayed construction projects, which led to a substantial impact. However, the demand for IP video surveillance and VSaaS from the medical industry accelerated during the pandemic.
Key Findings Of The Study
- By product, the hardware segment generated the highest revenue in the global IP video surveillance and VSaaS market in 2020
- In 2020, the banking & financial segment garnered the highest revenue among the application segment
- The key players profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric)
These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration. These key players adopt several strategies such as, new product launch and development, acquisition, partnership and collaboration and business expansion to increase the IP video surveillance and VSaaS market share during the forecast period
Companies Mentioned
- Avigilon (Motorola Solutions)
- Axis Communications AB
- Bosch Security Systems GmbH
- Dahua Technology Co., Ltd.
- D-Link Corporation
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell Security (Honeywell International Inc.)
- The Infinova Group
- Panasonic Corporation
- Pelco (Schneider Electric)
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 230 |
| Published | March 2022 |
| Forecast Period | 2020 - 2030 |
| Estimated Market Value ( USD | $ 28.39 billion |
| Forecasted Market Value ( USD | $ 83.03 billion |
| Compound Annual Growth Rate | 11.3% |
| Regions Covered | Global |
| No. of Companies Mentioned | 10 |
