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The Global Video surveillance as a service (VSaaS) market is expected to grow from $ 31093 million in 2017 to $106294.89 million by 2025, at a CAGR of 16.6% between 2017 and 2025. The base year considered for the study is 2016 and the forecast period is between 2017 and 2025. Globally, all the governments are investing heavily in video surveillance equipment to counter the risks of terrorism.

The Commercial application is expected to dominate the Global Video surveillance as a service market whereas Residential application is anticipated to grow at a faster CAGR of 16.66%. Among all the formations in the commercial segment, retail firms will be the crucial providers to the global Video surveillance as a service market during the forecast period. Retail establishments employ security technologies, such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems, for the protection of their assets. The rise in the number of criminal activities, thefts, and unauthorized access to residences has increased the security concerns among owners. Hence, residential buildings are being equipped with a special platform that will help residents remotely control electronic devices at home with the help of mobile devices such as smartphones, tablets, and laptops. The Industrial VSAAS application is anticipated to grow at a CAGR of 15.82%. Video surveillance cameras in the industrial sector are often used in extreme environments.

By type usage, the IP-Based video surveillance market is anticipated to generate revenue of $74,406 million by 2025 and is also expected to grow at a faster CAGR of 18.88% during the forecast period. The video surveillance industry received the fillip of unprecedented power and accessibility of the Internet which resulted from the convergence of IP video surveillance and IP infrastructure leading to a tremendous acceleration in its growth and features. The Analogue Video Surveillance market is anticipated to grow at a CAGR of 12.49% during the forecast period. On the other hand, the Hosted service market held the largest market share of 42.50% in 2016. VSaaS is made available by service providers as a hosted solution and is called Hosted Surveillance Solution (HSS). This service is especially suited to smaller businesses with less than five cameras as the cost of setting up the entire system for handling only a few cameras does not make sense.  The Hybrid service market is anticipated to grow at a faster CAGR of 24.89%. The managed service market is anticipated to generate revenue of $26574 million by 2025.

The Video surveillance as a service market in Asia Pacific is anticipated to grasp the major share by 2025 due to the emergence of SMEs in the region. This would help the market, as consumers prefer cost-effective video surveillance solutions to secure their premises. China video surveillance market has generated the revenue of $ 2976 million in 2017 whereas India video surveillance market is anticipated to grow at a faster CAGR of 18.1%. As the security market is expanding globally, more security solution manufacturers are expanding their business in the overseas markets. However, expanding business across different European countries is still proving problematic for many. This is due to the complex and restrictive nature of security product certification in some of the European countries. The Europe video surveillance market is anticipated to grow at a CAGR of 15% during the forecast period. The North America video surveillance market has generated revenue of $9950 million in 2017 as several international retailers are expanding in the US. The US retailers are using several tools, such as video surveillance and security guards, to combat retail shrinkages.

Declining prices of cameras, rise in adoption of security solutions by the commercial sector, and a shift from analog to IP cameras are the major drivers for the Video surveillance system market. The charges of security resolutions, such as IP cameras, are rapidly dropping and with a novel assortment of technologies, there is no necessity of an inner server to store the camera data as it will be warehoused in the cloud. Conversely, factors inhibiting the market growth are asymmetric internet speed connections, lack of awareness among end-users, integration issues, and privacy and security concerns. Video surveillance cameras have been employed in establishments ranging from retail to industries. Over the past few years, there has been an increasing trend in the adoption of video surveillance technology for educational institutions. The adoption of video surveillance cameras in these institutions is in response to the rising number of attacks taking place in schools. Wireless IP surveillance is an extremely reasonable and easily deployable technology that syndicates IP video surveillance technology and wireless data transmission to overcome various challenges such as the lack of network infrastructure and connectivity in remote locations.

Major players for the video surveillance system market are Verint Systems Inc. , Agent Video Intelligence, Avigilon, Axis Communications Ab, Bosch Security Systems, Brivo Systems Llc, Canon Inc., ADT Security Corporation, Cisco Systems, Controlbynet, Dvtel Inc., Envysion Inc., Genetec Inc, Geovision, Hikvision, Indigovision Ltd, Intransa Inc, March Networks Corps., Mirasys Ltd., Mobotix Ag, Neovsp, Objectvideo, Pelco Corporation, Honeywell Security Group , Salient Systems Corporation, Stanley Black And Decker and Panasonic Systems Networks Company Of America. The major vendors in video surveillance solutions, such as Axis Communications, will continue to develop and launch several innovative products, refine the partner network, recruit more employees, and continue to expand globally to meet the market demand. The vendors in the market are competing to provide the best products and end-users have the freedom to choose from various security solutions.

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