Market Research Report
North America Video Surveillance As A Service (VSaaS) Market Forecast 2019-2027
|Published by||Inkwood Research||Product code||523674|
|Published||Content info||73 Pages
Delivery time: 1-2 business days
|North America Video Surveillance As A Service (VSaaS) Market Forecast 2019-2027|
|Published: November 12, 2018||Content info: 73 Pages||
The North America video surveillance as a service market is expected to grow at a CAGR of 21.23% for the forecast years of 2019-2027 and is estimated to be worth $ xx million by 2027. A growing implementation of security solutions by the commercial sector, falling prices of cameras, and a shift from analog to IP cameras have all acted as major drivers for the expansion of the market.
The North America video surveillance market is segmented by type into IP-based and analog. In recent times, an increased preference amongst the users for the IP-based system has been observed, which is expected to continue its dominance in the coming years. On the basis of service, the market can be categorized into three types such as hosted, managed and hybrid. The video surveillance market is finding increasing application in commercial, industrial as well as residential sectors. Of these, the commercial application is expected to lead the VSAAS market during the forecast years. The residential application is also expected to grow faster because of the security concerns amongst owners regarding an increasing number of criminal activities, thefts, and unauthorized access in residences. However, factors such as asymmetric internet speed connections, lack of awareness among end-users, integration issues and privacy and security concerns may inhibit the market growth in this region.
The companies dominating the market include Verint Systems Inc., Axis Communications Ab, Cisco Systems, Envysion Inc., Bosch Security Systems, Genetec Inc., ADT Security Corporation, Indigo vision Ltd, Mobotix Ag, Honeywell Security Group, Neovsp and others.