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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

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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/

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SOURCE Technavio

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Aprecomm Upends the CX Industry with Appointment of Philippe Alcaras to its Advisory Board

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Industry leader Philippe Alcaras, former CEO of Airties, has joined Aprecomm as an advisor, bringing unparalleled knowledge and experience to guide its leadership team.

BANGALORE, India, April 28, 2025 /PRNewswire/ — Today, Aprecomm, the intuitive network and customer experience platform provider, announced a major coup by appointing former Airties CEO and highly experienced telecom leader Philippe Alcaras as an advisor. Presiding over Airties during a time of substantial growth, when the company expanded its footprint into new markets, Philippe brings the experience and business acumen necessary to support and advise Aprecomm’s Executive Team as global demand for its AI-driven customer experience (CX) platform continues to grow at pace.

“Aprecomm has already secured over 20% of the Indian fixed broadband market and is supplying close to 50 service providers with its customer experience optimization software,” said Philippe Alcaras, Aprecomm’s latest advisor. “With the penetration of managed WiFi estimated at only 15-30% globally [1], Aprecomm has a huge opportunity to disrupt the market with its AI data-driven approach and fast speed to market—I’m excited to join Pramod and his Team and support this high-growth phase.”

Among several key focus areas, Philippe will bring extensive experience to help guide the company’s positioning and narrative for investor outreach and fundraising initiatives, support engagement with strategic customers and partnerships, ⁠and provide ongoing input and feedback on corporate governance, product strategy, and roadmap development.

“I’m thrilled to welcome Philippe, who will provide his expertise and advice to the Company during our next growth phase,” said Pramod Gummaraj, Founder & CEO, Aprecomm. “Philippe’s knowledge will be invaluable as we continue to disrupt the industry, helping service providers harness AI’s power to serve their subscribers better, bringing joy to online experiences while achieving significant operational savings through our intuitive and self-healing approach to network management.”

Serving both residential and business subscribers, Aprecomm’s CX suite helps broadband service providers (BSPs) transform their connectivity approaches. By utilizing sophisticated artificial intelligence, including a unique quality of experience algorithm, Aprecomm is paving the way for intuitive zero-touch networks. Aprecomm adopts a self-optimizing and self-healing approach to managed WiFi, adjusting the network to accommodate the unique needs of each user and the application they are using. Aprecomm’s advanced analytics and automated support tools provide access to real-time data, enabling service providers to monitor end-to-end network performance. Its CX suite is field-proven [2] for enhancing subscriber satisfaction and reducing operational costs.

About Philippe Alcaras
Based in Dubai (UAE), Philippe Alcaras holds non-executive positions as Chairman of OnRobot (Odense, Denmark), Chair of the Advisory Board at Vianeos (Paris, Dubai), and Board Member at S3 Connected Health (Dublin). From 2012 to 2022, Philippe was the CEO of Airties, leading the company to become a global leader in home network WiFi performance. He also served as the General Manager of Philips Home Networks, CEO of Nagra France, and General Manager of Digital TV Devices at Vantiva. Philippe graduated with an MBA from KEDGE (Marseille) and is certified as an INSEAD International Director.

Aprecomm harnesses the power of AI to provide a unique applications suite that enables service providers to create self-optimizing and self-healing broadband networks.

Our quality-of-experience engine monitors and optimizes WiFi performance to ensure consumers enjoy the best possible internet experience. At the same time, our cloud-based support applications leverage real-time data to predict and resolve customer service issues before they happen, saving providers time and money.

Aprecomm manages over 7 million home and business locations, partnering with more than 45 service providers worldwide.

We’re making intuitive, self-healing networks a reality.

Follow Aprecomm on LinkedIn here.

#IntuitiveNetworks
#BringingJoyToOnline

Visit www.aprecomm.ai to discover more.

Press contact:

corporatecomms@aprecomm.ai

[1] Various industry estimates
[2] Excitel case study

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SOURCE Aprecomm

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Centric PLM for Food & Beverage and Grocery Tackle Tariffs Head-On

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Real-time data, cost simulation and supplier management are all strategies employed by Centric PLM to combat tariff uncertainty

CAMPBELL, Calif., April 28, 2025 /PRNewswire-PRWeb/ — Centric Software provides the most innovative enterprise solutions to plan, formulate, develop, procure, manufacture and sell consumer goods products in food & beverage, grocery, fashion and multi-category retail to achieve strategic and operational digital transformation goals.

With the recent burst of tariff activity, food & beverage companies and grocery retailers are faced with widely fluctuating ingredient costs. Changes in regulations are happening day-by-day and consumer response is also factoring into sales, so there is no time for consultation and lengthy analyses; response to tariffs must be reactive and swift.

Real-time access to data becomes crucial in today’s circumstances. A modern PLM solution has modules that can facilitate agile product development, enabling companies to quickly adapt to market changes. By streamlining collaboration and workflow processes, food & beverage and grocery companies can revamp their offerings or develop new products that cater to evolving consumer demands and benefit from AI-functionalities like least cost formulation to protect margins. Agility is necessary for maintaining market relevance amid shifting market conditions.

With Centric PLM, companies can evaluate and compare suppliers, simulate costing scenarios, adjust landed cost calculations, support multi-sourcing strategies and facilitate quick supplier revision requests. With AI formula matching, developers get a head start in formulating the next new product. Centric PLM also manages packaging: from briefs, to specifications to artwork and labeling. Ingredient and nutrition label information is pulled directly from PLM into packaging, eliminating the chance for error when transferring data manually between systems.

To improve consumer experience across all touchpoints, Centric PXMTM, Centric product experience management, combines product information management (PIM), digital asset management (DAM), content syndication to e-comm sites, marketplaces and social media and digital shelf analytics (DSA). It captures demand signals from digital sales channels and shows consumer behavior in real-time, creating a continuous feedback loop, so brands can quickly adjust products, pricing and inventory to personalize customer experiences and increase sell-through in response to whatever the current conditions are.

Traditional ways of managing tariffs, often siloed within finance or sourcing teams no longer provide the visibility or speed businesses need to stay competitive. Navigating tariffs involves more than understanding costs; it also requires compliance with evolving international trade regulations. Non-compliance can lead to penalties and operational disruptions. Being aware of the latest regulatory changes through a comprehensive tech platform is key. Centric PLM integrates with regulatory databases like USDA FoodData Central, SR Legacy and CIQUAL. A partnership with the global regulatory and food safety service provider FoodChain ID, provides users with access to 220 global regulatory libraries.

“Completely market-driven, the breadth of Centric Software’s AI-powered technology solutions covers the end-to-end product lifecycle,” says Chris Groves, CEO of Centric Software. “Centric solutions, including PLM and PXM, provide robustness to food companies whose ingredients often hail from all corners of the globe. During times of economic volatility, Centric solutions equip food & beverage producers and retailers, including grocery which is often a diverse range of consumer goods products, to better handle market and supply chain disruptions.”

Learn how to mitigate retail uncertainty with Centric’s Tariff Hub

Request a demo 

Media Contact

Celia Newhouse, Centric Software, +14385015498, cnewhouse@centricsoftware.com, www.centricsoftware.com

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SOURCE Centric Software

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Innodisk Paves the Way for Next-Gen Data Centers with its First PCIe Gen5 SSD Series

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TAIPEI, April 29, 2025 /PRNewswire/ — Innodisk, a leading industrial-grade flash storage provider, announces the launch of its latest PCIe Gen5 SSD series, designed to meet the OCP Data Center NVMe SSD spec v2.0 and the increasing demands of AI model training, big data analytics, and data-intensive environments.  

The new series supports multiple form factors, including U.2, as well as EDSFF E1.S, E3.S, and the brand-new E3.L for data center applications, catering to the diverse needs of enterprise and data center environments. This marks a new chapter for Innodisk in further fulfilling enterprise demands.

The Innodisk PCIe Gen5 SSD, built with the latest PCIe Gen 5 x4 interface and NVMe 2.0 protocol, overcomes the speed and latency limitations of traditional storage interfaces. With up to 128TB of high-density NAND storage, it delivers speeds of up to 14GB/s (read) and 10GB/s (write), enabling lightning-fast data transfers for data-intensive applications.

Enterprise data centers managing large-scale storage deployments and multi-tiered environments often require out-of-band and batch management capabilities, which present growing challenges. Innodisk PCIe Gen5 SSD addresses these demands with NVMe-MI for streamlined SSD management and multi-namespace support, ensuring scalable and efficient storage operations.

To ensure high quality and alignment with market trends, the PCIe Gen5 SSD aims to enhance integration with industry-leading data center standards, such as OCP Data Center NVMe SSD spec v2.0. Additionally, it is intended to be built for seamless integration with VMware, optimizing compatibility with virtualized environments and overall system performance.

Innodisk’s PCIe Gen5 SSD also features advanced security mechanisms, ensuring robust data protection and seamless integration. Secure Boot technology authenticates digital signatures during firmware updates, preventing unauthorized modifications and ensuring that only trusted firmware is executed.  

Other than that, Innodisk offers exceptional extensive firmware compatibility and customizable solutions, ensuring seamless integration into diverse enterprise environments.  

The Innodisk PCIe Gen5 SSD will be available starting Q2 2025. For more information, please visit www.innodisk.com.

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