Global Video Content Analytics (VCA) and Video Surveillance as a Service (VSaaS) Market, Analysis and Forecast, 2017 – 2022

The global video surveillance as a service market was worth XX million in FY 2016 and is expected to witness a tremendous growth, growing at a CAGR of XX.XX% during the forecast period of 2016-2022.  The increasing adoption of advanced video surveillance solutions coupled with the innovations in data storage technologies and need for centralized storage has led to the strong growth of market globally. The report is a compilation of various segments including market dynamics, market breakdown by service type, by geography and by applications. The report also includes a detailed section on the Video Content Analytics along with its market estimation and analysis.  Moreover, each technology type in VCA is further mapped as per their geographical markets and application verticals.

The report provides a comprehensive market analysis and forecast along with the recent trends influencing the markets. While highlighting the key driving and restraining forces for this market, the report also provides a detailed study of the future trends and developments of the market. It also examines the role of the leading market players involved in the industry including their corporate overview, financials, financial summary and SWOT analysis.

The company profiles section includes highlights of significant information about the key companies involved along with their corporate overview, financial summary, SWOT analysis, key strategies & developmental activities of recent years (2014-2016). Some of the key players are Avigilon Corporation, Cisco, ADT Security, Mobotix AG and Verint systems.

Security and surveillance industry holds paramount importance across various application verticals. The surveillance industry has seen a paradigm shift with the development of smarter and advanced IP/network camera. Increasing initiatives taken by the government of different regions to develop a strong infrastructure to prevent crimes and raise security awareness is leading to increased adoption of Video Surveillance as a Service (VSaaS) technology. 

Video surveillance as a service (VSaaS) offers viewing and recording of the video through the web, thus providing the organizations an optimum way of data storage. The adoption of the VSaaS technology provides several other advantages such as low initial investment, and instant access of the data or video stream.  The VSaaS technology can be integrated with cloud based Video Content Analytics (VCA) software, thus providing a better and efficient security system.

The VCA technology proves to be very advantageous when incorporated with various software like recognition software or detection software by adding value to safety, operations and security. This factor has driven the market to a great extent to utilize the software for purposes such as motion detection, intrusion detection, facial recognition, and traffic management among others. Among the different software being used in the market, detection holds the largest market share owing to its wide range of application in both governmental as well as nongovernmental application.

The VSaaS technology finds application in a number of fields including Commercial, Residential, industrial, infrastructure and institutional. Infrastructure segment holds the largest share in terms of adoption whereas commercial segment is expected to witness a strong growth rate during the forecast period.

In terms of geography, North America region is geographically the largest in terms of revenue generation, however the Asia-Pacific (APAC) region is expected to witness a strong growth rate during the forecast period. This growth can be attributed to the fast development of Asian economies such as India and China, each of which have undertaken various schemes for adoption of new technologies and security systems to protect public spaces against crimes and attacks.

Some of the key companies in the market are Avigilon Corporation, Cisco, ADT Security, Mobotix AG and Verint Systems. These companies are actively aiming for an increased participation through partnerships and collaborations in order to expand their operations and offerings to target potential clientele.