VIDEO SURVEILLANCE AND VSAAS MARKET ANALYSIS

Video Surveillance And Vsaas MarketSize and Trends

The global video surveillance and VSaaS market is estimated to be valued at US$ 36.8 Billion in 2022 and is expected to exhibit a CAGR of 11.76 % over the forecast period (2023-2030).

Global Video Surveillance and VSaaS Market Analysis was valued at US$ 36.8 Bn in 2022 and is forecast to reach a value of US$ 89.57 Bn by 2030, exhibiting CAGR of 11.76% between 2023 and 2030.

Global Video Surveillance and VSaaS Market Analysis- Trends:

Growing Popularity of Motion-Activated Smart Surveillance Systems for Improved Efficiency and Cost Savings

Advent of smart surveillance system that assesses and captures video only when motion is detected in front of the camera has started to gain significant traction in the market. Although the current impact of smart surveillance systems is average, this impact is expected to increase during the forecast period, owing to rising demand for storage efficacy and cost-efficiency in video surveillance systems. For instance, in May, 2022 GJD Manufacturing an external detector equipment manufacturer launched their D-Tect 60 external motion sensor with included alarm trigger. 

Rising Adoption of Wireless Video Surveillance Systems Fueled by Cost Savings and Technological Advancements

A wireless video surveillance system includes a receiver and transmitter. These systems can encompass a wide range of areas and help save wiring and maintenance costs. Thus, this has led to an increase in wireless connection and easy availability of wireless infrastructure. Moreover, emergence of 4G LTE technology is expected to boost adoption of wireless video surveillance systems over the forecast period. For instance, Bharti Airtel a telecom provider launched home surveillance system Xsafe, which offer end to end home surveillance solutions, and provide their customers Wi-Fi based cameras whioch can be operated from far away.