The global video surveillance and VSaaS market revenue is expected to expand at a lucrative CAGR over the forecast period. Infrastructural development, technological advancements in real-time access, video analytics, and wireless technologies are the major factors expected to drive growth of the global market over the forecast period. Rising preference towards smart city surveillance, especially in developing countries along with challenging security conditions, are expected to create various opportunities for players operating in the target market over the forecast period.
The global video surveillance and VSaaS market report has been segmented on the basis of product, component, application, and region. On the basis of product, the target market is segmented into analog and IP-based. The IP-based surveillance product segment is expected to register significant share in terms of revenue over the forecast period, owing to its high scalability and flexibility features. On the basis of component, the target market is segmented into hardware, software, and services. On the basis of application, the target market is segmented into commercial, infrastructure, residential, military and defense, institutional, and industrial.
Request for the Sample Report Here: https://marketresearch.biz/report/video-surveillance-and-vsaas-market/request-sample/
Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is estimated to be highest share in terms of revenue over the forecast period, owing to technological advancements, new product launched, and government initiative for public safety in various countries in this region. The market in Asia Pacific is expected to register highest CAGR in terms of revenue, owing increasing infrastructural projects, construction and manufacturing sites in various countries in this region.
Key players operating in the global video surveillance and VSaaS market include Honeywell Security Group, Zhejiang Dahua Technology Co. Ltd., Pelco, Inc., Cisco Systems, Inc., Panasonic System Networks Co., Ltd., Genetec Inc., GeoVision Inc., Agent Video Intelligence Ltd., Bosch Security Systems, Inc., and Axis Communications AB