Video Surveillance and VSaaS Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 02/10/2015 -- Transparency Market Research, a U.S.-based intelligence firm, recently published a report titled "Video Surveillance and VSaaS Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 – 2019". The market research report states the global market for video surveillance and VSaaS market was valued at US$12.58 billion in 2012 and is expected to reach US$42.81 billion by 2019, growing at a CAGR of 19.1% from 2013 to 2019. The report on global video surveillance and VSaaS market provides an insight into the strengths, weaknesses, opportunities, and threats the market faces.
Video surveillance is a method of monitoring of activities in a given space by HD, IP, or analog cameras in real-time or to view them later. Furthermore, the method of managing, saving, and archiving this footage is called video surveillance-as-a-service (VSaaS) on cloud systems. As security threats, acts of terrorism, vandalism, and petty crimes continue to be on the rise, governments and business owners are trying every possible way to avert these issues. This is leading to growth in the global video surveillance and VSaaS market. Additionally, as the need for video surveillance grows the market for its storage devices also continues to expand.
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The introduction of IP video surveillance systems has led to a demand for high-quality videos, thus increasing the demand for storage. This has given rise of the VSaaS industry, which helps in saving the captured footage in a structured way on cloud that can be retrieved at any time for any purpose.
The global video surveillance and VSaaS market is segmented by components, systems, applications, and geography. The component segment includes hardware, software, and services. The hardware segment of the global video surveillance and VSaaS market is further fragmented into cameras, recorders and storage, encoders, and monitors; the software segment includes video analytics and video management software (VMS); and the services segment includes hosted, managed, and hybrid.
On the basis of system the global video surveillance and VSaaS market is broken down into analog video surveillance and IP-based video surveillance. Main applications of the global video surveillance and VSaaS market are residential, business organizations, retail, transportation, government buildings, hospitality, healthcare, stadiums, and others such as educational buildings and critical infrastructures. Geographically, the global video surveillance and VSaaS market includes North America, Asia Pacific, Europe, and Rest of the World.
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The report on the global video surveillance and VSaaS market also profiles some of the key players such as Hikvision Digital Technology Co., Ltd, Zhejiang Dahua Technology Co. Ltd., Axis Communications AB, Panasonic Corporation, Honeywell Security Group, Pelco Inc., Bosch Security Systems, Cisco Systems Inc., Genetec Inc., and Geovision Inc.
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