The
key factors driving the video surveillance, and VSaaS market include
development of data centers, IT cost suppression by major corporates, new
technologies and features, like field of view (FOV) and IOT (internet of
things), along with the need for consolidated application and data management.
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Video
surveillance as a service is a cloud based internet recording of security
camera video. It is delivered as a motion triggered digital video of 10-15
seconds, which are used during the day stamps for real time monitoring and
forensics.
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The
global video surveillance and VSaaS market can be categorized, on the basis of
components, systems and by applications. On the basis of components, the global
video surveillance and VSaaS market can be divided into hardware, cameras,
recorders and storage, encoders, monitors, softwares, video management system,
video analytics, services, managed, hosted, and hybrid components. Based upon
systems, the market can be categorized, as IP based video surveillance, and
analog video surveillance. The end use applications sector consists of
residential, retail, business organizations, transportations, hospitality,
industrial, government buildings, stadiums, healthcare, and others. Among the
end user application areas, the largest segment in the video surveillance and
VSaaS market is the transportation segment, which involves public transits,
city surveillance, and highways.
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Due
to the rising need for surveillance cameras with improved video quality, the
demand for IP-based video surveillance systems is increasing, worldwide.
Cameras held the largest share from the video surveillance hardware market,
while hardware covered around 85% of the total video surveillance and video
surveillance as software (VSaaS) market. Further, the market is undergoing
substantial growth in demand for video analytics solutions and cloud-based
surveillance solutions. Video analytics reduces the human need for analyzing
and monitoring, video feeds in real time. There is rising demand for such
intelligent surveillance organizations to provide real time understandings,
with automatic alarm and event notifications.
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