PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1084081
PUBLISHER: Bizwit Research & Consulting LLP | PRODUCT CODE: 1084081
Global VSaaS Market is valued at approximately USDXX million in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2028. Video Surveillance as a Service (VSaaS) is a cloud-based service that allows its users to remotely record, play, manage, store, and monitor all the CCTV footage in the cloud. The rising adoption of smart devices like smartphones, the growing need for real-time surveillance data, and the low cost of investment are certain factors bourgeoning the market demand across the globe. For instance, according to Statista analysis, the total number of smartphone subscriptions was anticipated to be 6,269 million in 2021, and this number is expected to expand to 7,690 million by the year 2027. Consequentially, the rapid proliferation of the internet is propelling the demand for VSaaS, which, in turn, accelerates market growth. However, growing privacy and security concerns regarding data usage and a lack of awareness about the benefits of VSaaS impede the growth of the market over the forecast period of 2022-2028. Also, the increasing demand for big data and IoT technologies and the growing integration of VSaaS with alarm systems and access control are anticipated to act as catalyzing factors for the market demand during the forecast period.
The key regions considered for the global VSaaS Market study include: Asia Pacific, North America, Europe, Latin America, and the Rest of the World. North America is the leading region across the world in terms of market share owing to the increasing expenditure on technological developments and rising government support. Whereas, Asia-Pacific is anticipated to exhibit the highest CAGR over the forecast period 2022-2028. Factors such as the growing investment in the smart city initiatives, as well as increasing security concerns among population, would create lucrative growth prospects for the VSaaS Market across the Asia-Pacific region.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
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