The Video Surveillance As A Service (VSaaS) Global Market Report 2023 by The Business Research Company, provides video surveillance as a service (vsaas) market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Video Surveillance As A Service (VSaaS) Global Market Report 2023, the market size will grow from $3.45 billion in 2022 to $4.02 billion in 2023 at a compound annual growth rate (CAGR) of 16.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the video surveillance as a service (vsaas) is expected to grow to $7.43 billion in 2027 at a CAGR of 16.6%.
The development of smart cities is expected to propel the growth of the video surveillance as a service (VSaaS) market in the coming years. A smart city employs information and communication technology (ICT) to boost operational performance, exchange data with the public, and enhance government service and resident protection. Governments all over the world have lofty goals for making communities smarter and better for people and travelers. Smart cities are implementing intelligent video monitoring to help emergency responders respond more quickly in real-time or to detect and handle possible accidents to minimize crime.
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The video surveillance as a service (vsaas) market is segmented:
1) By Type: IP-Based, Analog
2) By Service: Managed, Hybrid, Hosted
3) By End User: Industrial, Residential, Military and Defense, Institutional, Public Facilities, Commercial, Other End Users
The growing technological advancements are gaining popularity in the video surveillance as a service (VSaaS) market. Major companies operating in the VSaaS sector are focused on developing technological solutions for video surveillance as a service (VSaaS) to enhance security management. For instance, in 2020, US based data communications company, Motorola Solutions launched a new product in its video security and analytics portfolio, the H4 Thermal Elevated Temperature Detection (ETD) Solution, which can be used to detect elevated body temperature in a person and focus on the key elements of safety and security around COVID-19, including prevention, protection, and response.
The video surveillance as a service (vsaas) market report table of contents includes:
- Executive Summary
- Video Surveillance As A Service (VSaaS) Market Characteristics
- Video Surveillance As A Service (VSaaS) Market Trends And Strategies
- Video Surveillance As A Service (VSaaS) Market – Macro Economic Scenario
- Video Surveillance As A Service (VSaaS) Market Size And Growth
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- Africa Video Surveillance As A Service (VSaaS) Market
- Video Surveillance As A Service (VSaaS) Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Video Surveillance As A Service (VSaaS) Market
- Video Surveillance As A Service (VSaaS) Market Future Outlook and Potential Analysis
- Appendix
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