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According to a new market research report published by Credence Research “Video Surveillance as a Service Market Size (Type – Hosted, Managed and Hybrid) - Growth, Future Prospects, Competitive Analysis and Forecast 2016 - 2024”, the global video surveillance as a service (VSaaS) market stood at US$ 842.5 Mn in 2015 and is estimated to expand with a CAGR of 19.3% from 2016 to 2024.

Market Insights

The video surveillance as a service (VSaaS) market is primarily driven by increasing penetration of the Internet and smartphones in developing economies such as China, India, and Brazil, among others. With the benefits of VSaaS such as reduced upfront costs and easy access to security footage, numerous small and medium enterprises have been able to adopt video surveillance for their premises. In addition, increasing security threats and rising need to provide safe and secured environment have led to the higher adoption of video surveillance solutions in the recent years. Other factors such as demand for integrated applications of video surveillance in end-use industries including retail, transportation, and leisure, among others have further fueled the growth in the global video surveillance as a service (VSaaS) market.

The complete report is available at http://www.credenceresearch.com/report/video-surveillance-as-a-service-vsaas-market

Some of the factors restraining the growth in the video surveillance as a service (VSaaS) market included lack of technological awareness among consumers and issues related to information security. Despite the lower costs associated with the subscription based model, numerous organizations are yet to realize the value proposition of adopting video surveillance as a service (VSaaS) for security purposes. However, with growing popularity of video surveillance as a service (VSaaS) solutions, the market is expected to witness significant growth during the forecast period.

Competitive Insights:

The video surveillance as a service (VSaaS) market is highly competitive in various markets across the world. The video surveillance as a service (VSaaS) market includes numerous providers in the video surveillance ecosystem including equipment manufacturers, network providers, software providers and system integrators, among others. Thereby, the market in most of the developed countries witnessed price-based competition leading to increased strain on the VSaaS providers. VSaaS providers have been engaged in design and development of various analytical solutions based on video surveillance to add value to their offerings. Thereby, the market is expected to witness rise of innovative applications which would further enable end-users to provide enhanced security and draw valuable insights from the surveillance videos.

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Key Trends:

  • Increasing use of video analytics such as facial recognition, behavior analysis, and event prediction, among others
  • Rise of integrated applications delivering increased value to the end-users
  • Growing interest in crowdsourcing video surveillance solutions
  • Increasing use of advanced cameras including thermal cameras, multi-megapixel cameras, super low-light cameras, and panoramic cameras, among others

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About Us:

Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task.

Who we are

Credence Research is a worldwide firm, containing more than 15 research consultants and almost 100 research and information professionals.

Our customers mirror our worldwide nature. Around 45% are in Europe, 30% in the Americas, 13% in Asia Pacific and 12% in the Middle East and Africa.

Our firm is intended to work as one. We are a solitary global research organization united by a solid arrangement of qualities, concentrated on customer effect.

What we do

We serve customers at each level of their organization, in whatever limit we can be most helpful, whether as a trusted counsel to top management or as a hands-on mentor for forefront representatives. For each engagement, we collect a group with the most suitable experience and ability.

No matter the challenge, we concentrate on delivering functional and persevering results, and preparing our customers to develop and lead. We join forces with customers to place suggestions into practice. Our research specialist work straightforwardly with customers over long stretches to create workforce aptitudes, drive operational change, and apply new working strategies.

Contact:

Name: Chris Smith

Designation: Global Sales Manager

E-mail: sales@credenceresearch.com

Ph: 1-800-361-8290

Web: http://www.credenceresearch.com

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