Connect with us

Technology

Video Surveillance as a Service (VSaaS) Market size is set to grow by USD 8.01 billion from 2024-2028, Rise in urbanization and infrastructure development boost the market, Technavio

Published

on

NEW YORK, June 25, 2024 /PRNewswire/ — The global video surveillance as a service (VSaaS) market size is estimated to grow by USD 8.01 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  23.51%  during the forecast period. Rise in urbanization and infrastructure development is driving market growth, with a trend towards adoption of artificial intelligence and video analytics. However, rising privacy and security concerns  poses a challenge. Key market players include ADT Inc., Advanced Control Corp., Avid Communications LLC, Camcloud Inc., Canon Inc., Cisco Systems Inc., Cloudastructure Inc., ControlByNet LLC, D Link Corp., Drive Headquarters Inc., Eagle Eye Networks Inc., Genetec Inc., Honeywell International Inc., Iveda Solutions Inc., Motorola Solutions Inc., Napco Security Technologies Inc., NW Security Group Ltd., Pacific Control Systems, Robert Bosch GmbH, and VIVOTEK Inc..

Get a detailed analysis on regions, market segments, customer landscape, and companies- View the snapshot of this report

Video Surveillance As A Service (VSaaS) Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 23.51%

Market growth 2024-2028

USD 8018.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

18.72

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

North America at 34%

Key countries

US, China, Germany, Japan, and UK

Key companies profiled

ADT Inc., Advanced Control Corp., Avid Communications LLC, Camcloud Inc., Canon Inc., Cisco Systems Inc., Cloudastructure Inc., ControlByNet LLC, D Link Corp., Drive Headquarters Inc., Eagle Eye Networks Inc., Genetec Inc., Honeywell International Inc., Iveda Solutions Inc., Motorola Solutions Inc., Napco Security Technologies Inc., NW Security Group Ltd., Pacific Control Systems, Robert Bosch GmbH, and VIVOTEK Inc.

Market Driver

Artificial intelligence (AI) and video analytics are revolutionizing the Video Surveillance as a Service (VSaaS) market. These technologies enhance cloud-based surveillance solutions, offering advanced features, insights, and automation. AI identifies objects, faces, license plates, and anomalous behaviors in real time, enabling proactive threat detection and prevention. Facial recognition technology matches faces against databases, enhancing access control and security protocols. AI-driven analytics track objects and people across multiple cameras, providing a comprehensive view of incidents. The integration of AI and video analytics transforms traditional video surveillance into intelligent systems, offering valuable insights and automated responses. As AI technology advances, it will further impact the VSaaS market, enabling more sophisticated security, operational, and business intelligence applications. 

The Video Surveillance as a Service (VSaaS) market is experiencing significant growth, with various businesses adopting cloud-based video surveillance solutions. VSaaS offers benefits such as cost savings, scalability, and advanced analytics. The use of artificial intelligence and machine learning technologies in VSaaS solutions enables businesses to enhance security and improve operational efficiency. The integration of video analytics and business intelligence tools allows organizations to gain valuable insights from video data. Additionally, the integration of access control and identity management systems ensures secure access to video footage. Overall, VSaaS is a trending solution for businesses seeking to enhance their security and gain valuable insights from video data. 

Research report provides comprehensive data on impact of trend. For more details- Download a Sample Report

Market Challenges

The implementation of Video Surveillance as a Service (VSaaS) raises privacy concerns due to potential infringement on individuals’ constitutional rights. Unauthorized coverage of private areas and extensive surveillance can breach privacy and challenge the right to anonymity. This could impact individuals’ democratic rights to express views freely. Misuse of VSaaS for voyeurism further complicates matters, potentially exploiting women and infringing on their moral rights. These concerns may hinder the growth of the VSaaS market during the forecast period.The Video Surveillance as a Service (VSaaS) market is experiencing significant growth, with an increasing number of businesses adopting cloud-based video surveillance solutions. However, this market also presents several challenges. One challenge is ensuring data security and privacy, as video data can be sensitive. Another challenge is ensuring reliable and high-quality video streaming, especially in areas with poor internet connectivity. Additionally, integrating VSaaS with other business systems and processes can be complex. Furthermore, costs, such as bandwidth and storage, can add up quickly. Lastly, choosing the right VSaaS provider and solution can be a daunting task, as the market is highly competitive. Overcoming these challenges requires careful planning, research, and collaboration with VSaaS providers.

For more insights on driver and challenges – Request a sample report!

Segment Overview 

This video surveillance as a service (vsaas) market report extensively covers market segmentation by  

Solution 1.1 Hosted1.2 Managed1.3 HybridEnd-user 2.1 Commercial2.2 Industrial2.3 ResidentialGeography 3.1 North America3.2 APAC3.3 Europe3.4 South America3.5 Middle East and Africa

1.1 Hosted-  The VSaaS market was dominated by the hosted segment in 2023, as it provided an affordable solution for SMEs to upgrade their video surveillance infrastructure. Hosted solutions offer benefits such as scalability, accessibility, and reduced maintenance. These solutions can easily adapt to changing needs by adding or removing cameras and storage capacity. Remote access to video footage and monitoring interfaces is a significant advantage for businesses with multiple locations or for remote monitoring. Robust security measures, including encryption, authentication, and redundancy, ensure the protection of video data. The scalability and reduced maintenance of hosted solutions will drive the growth of the global VSaaS market.

For more information on market segmentation with geographical analysis including forecast (2024-2028) and historic data (2017-2021) – Download a Sample Report

Research Analysis

The Video Surveillance as a Service (VSaaS) market is experiencing significant growth in various sectors, particularly in the retail industry. VSaaS solutions enable organizations to store and manage video-based data from their surveillance systems in a central cloud storage. This approach offers several benefits, including scalability, remote accessibility, and cost-effectiveness. The use of AI-based technologies such as facial recognition and object detection enhances security and threat detection capabilities. However, the internet-reliant nature of VSaaS solutions raises security concerns. On-premises infrastructure can provide an alternative for those with specific requirements. The fastest-growing verticals in VSaaS are driven by the need for advanced security features and the ability to access video data from anywhere. Cloud VSaaS solutions offer scalability benefits, allowing businesses to easily expand their surveillance systems as needed.

Market Research Overview

The Video Surveillance as a Service (VSaaS) market refers to the provision of video monitoring services over the internet. VSaaS solutions enable businesses and organizations to access real-time and historical video footage from remote locations. These services offer benefits such as cost savings, increased security, and scalability. VSaaS providers offer various features including motion detection, facial recognition, and analytics. The market is driven by the growing need for security and the increasing adoption of cloud-based services. The market is expected to grow at a significant rate due to the increasing demand for advanced security solutions and the proliferation of the Internet of Things (IoT) devices. VSaaS solutions are used across various industries including retail, healthcare, education, and transportation.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

SolutionHostedManagedHybridEnd-userCommercialIndustrialResidentialGeographyNorth AmericaAPACEuropeSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/video-surveillance-as-a-service-vsaas-market-size-is-set-to-grow-by-usd-8-01-billion-from-2024-2028–rise-in-urbanization-and-infrastructure-development-boost-the-market-technavio-302180161.html

SOURCE Technavio

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

SecurityGen and NEC Team Up to Strengthen Cybersecurity Operations for Indonesian Telcos

Published

on

By

Harnessing future-ready solutions and expertise to safeguard Telecom networks against emerging threats

JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — In a significant development for telecom cybersecurity, SecurityGen, an award-winning global leader in telecom cybersecurity, and PT NEC Indonesia, a leader in IT, network and AI technologies and a multi-vendor system integrator, have announced a partnership to strengthen telecom network defences across Indonesia. This alliance brings together SecurityGen’s cutting-edge security solutions and NEC’s extensive expertise in telecom infrastructure in a bid to combat a spectrum of increasingly advanced cyber threats.

The partnership aims to enhance the performance, reliability, and security of telecom networks throughout the region with SecurityGen providing future-ready threat-informed defence platform, comprising its Breach Attack platform and Monitoring system, and NEC offering crucial professional services to support and optimize these advanced security solutions. SecurityGen will also ensure rapid, effective deployments through comprehensive training and onboarding. By focusing on future-proofed solutions and fostering local talent, this partnership supports NEC’s vision of bolstering its security-as-a-service offering and solidifying its position as a trusted partner for Indonesian telcos.

This collaboration becomes even more vital given the speed with which telecom networks are evolving – making them increasingly complex and vulnerable. Unfortunately, traditional security measures are not effective enough anymore. By integrating advanced, AI-powered threat intelligence with automated security systems, this partnership aims to provide telco SOCs with unprecedented visibility into signalling traffic and robust validation against real-world attacks. This proactive approach, with in-built remediation, will not only mitigate breach risks but also equip security teams with the essential tools and expertise to counteract sophisticated cyber threats and maintain business resilience.

Amit Nath, Co-Founder & CEO of SecurityGen, said, “Our partnership with NEC is a crucial step towards fortifying Indonesia’s telecom sector with the expertise and tools essential for securing modern networks and operations. Together, we’re committed to building local competencies and implementing advanced, research-driven strategies to ensure the long-term security and resilience of the telecom infrastructure.”

Joji Yamamoto, President Director of NEC Indonesia said, “”In Indonesia, we have seen rapidly increasing growth of cloud services, and connected devices and subscribers for IoT use cases. NEC Indonesia welcomes the partnership with SecurityGen to join forces in advancing network security in Indonesia to protect information assets through the introduction and operation of measures against cyber-attacks.”

***

About SecurityGen
Founded in 2022, SecurityGen is a global leader in telecom security. We provide a solid security foundation to drive secure telecom digital transformations and ensure safe and robust network operations. Our extensive product and service portfolio offers complete protection against existing and advanced telecom security threats. www.secgen.com

About PT. NEC Indonesia

NEC first established its Jakarta Representative Office in 1968. Through the years, PT. NEC Indonesia recognized the importance of instituting telecommunications infrastructure for the country and has introduced several NEC technologies and solutions. This has resulted in PT. NEC Indonesia achieving the market leader position of being a total solutions provider for the Indonesian telecommunications industry.

Today, with its headquarters in Jakarta, PT. NEC Indonesia continues to play a significant role in providing total telecommunications and IT business solutions to its customers in the government and enterprise businesses. For more information, please visit http://id.nec.com/ 

 

 

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/securitygen-and-nec-team-up-to-strengthen-cybersecurity-operations-for-indonesian-telcos-302256352.html

SOURCE PT. NEC Indonesia

Continue Reading

Technology

Patricia Calderon, Global Head of Water of CDP: How to drive water action across supply chains

Published

on

By

JAKARTA, Indonesia, Sept. 24, 2024 /PRNewswire/ — This is an article from Patricia Calderon, Global Head of Water of CDP:

Supply chains are the knots that tie our global economy together and allow it to operate as it does.

In recent years those knots have become more complex and fragile.

Major trade routes can be held up by conflict, politics, or simply a container ship running aground. The world is deeply dependent on pinch points functioning with high volumes of traffic and little to no barriers. Below that level exist smaller, more intricate threads which have built up over time, across borders and through river basins.

The fragility now baked into the system is, in part, a result of our changing climate and the unsustainable nature of supply chains. Building resilience within supply chains to adapt to frequent extreme weather events is now crucial. Lessening their environmental impact is part of the same equation.

Deep dive

New research from CDP, the global non-profit leading the world’s environmental disclosure system for companies, cities, states, and regions, has examined the problem using data directly from companies.

We looked at 3,163 large companies with an annual revenue of more than EUR/ US$250 million. These companies disclosed to CDP’s annual water security questionnaire. A total of 1,542 companies – 50% – responded that they are engaging their supply chain on water risks. This includes inserting water requirements into supplier contracts, collecting water data, raising awareness of water issues, or collaborating on innovation.

Further analysis provides a unique insight into how some of the world’s largest brands are grappling with water issues. 1 in 5 companies are facing supply chain risks which could have a substantive financial or strategic impact on their business. These risks were estimated to total US$77 billion. And according to 79 businesses, a total of US$7 billion was deemed to be at immediate risk due to urgent water scarcity, food, regulatory and reputational issues.

Stem the tide

The data is clearly telling us our water supplies are becoming ever more fragile and the financial toll is mounting up. It’s down to large companies with the biggest water impacts to take immediate action, working with their suppliers to stem the tide of water risk.

Our research points to some of the tools currently being used by responsible companies – financial incentives, stricter contracts, and closer engagement are key. A group of forward-thinking businesses are already working on the problem. 443 businesses – 14% – offer their senior leaders, including the board, incentives to improve water management across the supply chain. A smaller group provide direct financial incentives to their chief procurement or purchasing officers.

Buyers and suppliers need to collaborate to ensure sustainability is a business norm. Recognizing it as a key differentiator among suppliers will be essential going forward. If we fail to address these issues the mounting financial impact of water risks will become all too apparent.

Going beyond

The report makes a strong case for companies to take immediate action on water issues in their supply chain and offers six key steps for companies. Each one of these indicators follows from the next: assess supply chain risks and impacts; set global targets; incentivize executives to act; include water in supplier requirements; engage with suppliers; and incentivize and support suppliers.

Ensuring supply chains can build resilience, reduce water risks, and keep our economies going is within reach. But to do so quickly and comprehensively we need to go beyond voluntary measures. The bar should be raised much higher in order to close the gap between where we are now and need to be.

Stronger regulation for mandatory disclosure and transparent reporting mechanisms are imperative to drive progress. This requires a combined approach with government policy, industry standards, and stakeholder engagement all playing a role.

View original content:https://www.prnewswire.com/apac/news-releases/patricia-calderon-global-head-of-water-of-cdp-how-to-drive-water-action-across-supply-chains-302254990.html

SOURCE CDP

Continue Reading

Technology

J-Stories launches special page to report on largest Japan-Taiwan summit bringing together startups and investors in the region

Published

on

By

This year’s event in Tokyo expanded to its largest scale yet amid growing interest in Taiwan’s dominant semiconductor and AI sectors

Japan’s solutions-focused news service J-Stories is an official media partner of the 2024 Japan-Taiwan Innovations Summit. Here’s J-Stories’ special page where summit-related stories are featured in partnership with Startup Island TAIWAN, Taiwan’s national startup brand. J-Stories is run by Tokyo-based media agency Pacific Bridge Media & Consulting.

TOKYO, Sept. 23, 2024 /PRNewswire/ — The 2024 Japan-Taiwan Innovation Summit, the largest startup event to date featuring Japanese and Taiwanese aspiring to expand overseas, was held this month (Sept.17-18) in central Tokyo. Over 1,000 participants from various sectors – including politics, academia, large business and media – engaged with approximately 70 innovative startups over the two days.

The annual summit, which started two years ago, expanded further from previous years, incorporating cutting-edge industries, including AI, biomedical science, cybersecurity, digital services, fintech, defense and aerospace.

The two-day event was co-hosted by Taiwan’s National Development Council (NDC), a government body of Taiwan, and the Tokyo Metropolitan Government. Tokyo-based media agency Pacific Bridge Media & Consulting also supported the event as the official media partner, featuring various reports and videos about the event on a special online page, bridging the gap between Taiwan’s top entrepreneurs and the startup community in Japan.

Discussed among the main topics were Taiwan’s booming semiconductor supply chain and its uninhibited growth potential within the next decade. Taiwan’s leading chipmaker, TSMC, was launched as a startup more than three decades ago with the support of the Taiwanese government. Now, the international company is building factories in southern Japan, giving those in Tokyo high hopes for Taiwan’s investments in bumping up semiconductor production capabilities and building more factories in Japan.

At this year’s summit, it was not only Taiwanese entrepreneurs who took the floor, but also Japanese startups. The summit featured a significant number of Japanese participants from financial institutions, venture capitalists, and trading companies. This increased Japanese involvement is expected to strengthen the JapanTaiwan network and contribute to the development of a thriving international ecosystem.

To start Day 1, Taiwan’s NDC Minister Liu Chin-Ching (Paul Liu), the Taiwanese delegation leader for this summit, took the stage. Minister Liu stated: “We are implementing the ‘Bridge Plan’ to expand innovation internationally. While we have been advancing innovation domestically in Taiwan, our future goal is to pursue international collaboration, with Japan being our first partner.” He emphasized the significance of Japan and Taiwan’s collaborative efforts. 

A video message from Tokyo Gov. Yuriko Koike was shown following Liu’s speech. She emphasized, “Taiwan and Japan have built a strong cooperative relationship. Let’s join forces between Tokyo and Taiwan to launch significant innovation.”

Among the speakers was Kei Furukawa, an Investment Partner at UTokyo IPC, who gave a lecture titled “Innovation and Startup Development Systems at the University of Tokyo VC,” discussing the advancement of innovation and entrepreneurship through collaboration between government and universities in Japan.

Additionally, there were presentations from Japanese and Taiwanese startups and innovation companies, speeches by notable guests, and more. The summit concluded with an invitation-only opening ceremony for the Taiwan Startup Tokyo office and a gala dinner with investors.

Visit J-Stories’ special page here:
https://jstories.media/jp/specials/jtis

Event Overview:

Name: 2024 Japan-Taiwan Innovation SummitDate: September 17 (Tuesday) – 18 (Wednesday), 2024, 10:00 AM – 5:00 PMVenue: Tokyo Innovation Base (TiB) 2nd Floor (3-8-3 Marunouchi, Chiyoda-ku, Tokyo, in front of Yurakucho Station)Format: On-site participationLanguages: Chinese, Japanese, and English (with simultaneous interpretation)Organizer: Startup Island TAIWAN

For more information on the Japan-Taiwan Innovation Summit 2024, please click here:

https://togethergobig.jp/en-summit

About J-Stories:

J-Stories is an online news platform that communicates innovative ideas, products, and technologies from Japan that address global issues to audiences and investors worldwide in Japanese, English, and Chinese. As the media partner for the “2024 Japan-Taiwan Innovation Summit,” J-Stories will be publishing articles about the summit before and after the event. J-Stories is run by Tokyo-based multilingual media agency Pacific Bridge Media & Consulting.

To receive the latest articles from J-Stories, please subscribe to our newsletter by emailing: jstories@pacificbridge.jp

View original content to download multimedia:https://www.prnewswire.com/news-releases/j-stories-launches-special-page-to-report-on-largest-japan-taiwan-summit-bringing-together-startups-and-investors-in-the-region-302256454.html

SOURCE PACIFIC BRIDGE MEDIA AND CONSULTING

Continue Reading

Trending