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2022
Ip Video Surveillance And Vsaas Market

IP Video Surveillance and VSaaS Market

By Product Type (Hardware, Software, Cloud Based Solutions, and Services) and Application (Banking & Financial Sector, Retail, Government & Higher Security, Manufacturing & Corporate, Residential, Entertainment, Healthcare, and Others) - Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A00027
Pages: 230
Feb 2022 | 46695 Views
Author(s) : Asavari P
Tables: 103
Charts: 72
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COVID-19

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IP Video Surveillance and VSaaS Market Outlook - 2030

The global IP video surveillance and VSaaS market size was valued at $28.39 billion in 2020, and is projected to reach $83.03 billion by 2030, growing at a CAGR of 10.9% from 2021 to 2030. A video surveillance system captures images and videos that can be compressed, stored, or sent over communication networks. Video surveillance systems can be used in nearly any environment. Security and surveillance are required for all organizations globally. Governments, enterprises, financial institutions, and healthcare organizations alike are all expected and required to have a certain level of security and monitoring measures. 

The Manufacturing & Corporate segment has been negatively impacted by the COVID-19 pandemic outbreak.

On account of increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. IP security cameras send their signal over a network, allowing greater information transfer than an analog signal sent to a DVR, which acts as a major driver for the IP video surveillance and VSaaS market. Network cameras can be wireless and work through a network. They are used in big departmental stores, food chains, malls, factory, work shop, and many other public places to keep a check of the ongoing activities, which assist in the growth of the IP video surveillance and VSaaS market globally.

IP-Video-Surveillance-and-VSaaS-Market.jpg

China uses next-generation speed cameras to catch speedy drivers. These roadside cameras can catch unruly drivers. The camera network is enabled with artificial intelligence, which can differentiate by spotting minute differences between the cars. The camera system facilitated with artificial intelligence is a part of the ‘Sky Net’ operation that is China’s anti-corruption program mainly aimed to track down fugitives. It is estimated that there are 170 million surveillance cameras in China. The country expects to possess 570 million surveillance cameras to help develop a database that can recognize any citizen within three seconds, which fuels the IP video surveillance and VSaaS market growth in the country.

Rise in need of safety in high risk areas, growth in transition from analog surveillance to IP cameras, and integration of Internet of things (IoT) have fueled the growth of the IP video surveillance and VSaaS market. However, factors such as high investment cost in data storage technologies and lack of professional expertise in handling IP cameras hampered the market growth. Furthermore, increase in trends toward development of smart cities is expected to offer lucrative opportunities for market expansion.

IP Video Surveillance and VSaaS Market- Global Opportunity Analysis and Industry Forecast, 2021-2030
By Product Type

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Services segment will grow at a highest CAGR of 13.3% during 2021 - 2030.

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Segment Overview

The IP video surveillance and VSaaS market is analyzed on the basis of product type, application, and region. On the basis of product type, the market is analyzed across hardware, software, cloud-based solutions, and services. The hardware segment is further sub-segmented into impact camera, monitor, and storage. The software segment is bifurcated into video analytics software and video management system. The cloud-based solutions segment is further bifurcated into cloud storage by product software and cloud storage by deployment. By services, the market is categorized into VSaaS, hosted VSaaS, managed VSaaS, hybrid VSaaS, and integrated services IP surveillance. 

On the basis of application, the market is divided into banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, entertainment, healthcare, and others. On the basis of region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA along with their prominent countries.

Top Impacting Factors

The notable factors positively affecting the global IP video surveillance and VSaaS market include rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras, and rise in need of safety in high risk areas. However, high installation investment and large data storage requirements are expected to hinder the market growth. Conversely, emerging trends toward development of smart cities is projected to offer remunerative opportunities in the IP video surveillance and VSaaS market. Each of these factors are anticipated to have a definite impact on the market during the forecast period.  

Competitive Analysis

The key players profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc.), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric). These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations to enhance their position in the IP Video Surveillance and VSaaS industry.

IP Video Surveillance and VSaaS Market- Global Opportunity Analysis and Industry Forecast, 2021-2030
By Application

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Banking And Financial segment is projected as one of the most lucrative segments.

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Covid-19 Impact Analysis

The outbreak of COVID-19 has significantly affected the electronics and semiconductor sectors. Businesses and manufacturing units across various countries were closed, owing to increase in the number of COVID-19 cases, and are estimated to remain closed in 2021. Furthermore, partial or complete lockdown has disrupted global supply chains, posing challenges for manufactures to reach customers.

The COVID-19 pandemic impacts the society and overall economy across the globe. The impact of this outbreak grows day-by-day affecting the overall business globally. The crisis creates uncertainty in the stock market, falling business confidence, massive slowing of supply chain, and increase in panic among customer segments.

Asian and European countries under lockdowns have suffered major loss of business and revenue due to the shutdown of manufacturing units in their regions. The operations of the production and manufacturing industries have been heavily impacted by the outbreak of the COVID-19 disease, which negatively impacted the growth of the IP video surveillance and VSaaS market in 2020.

The COVID-19 pandemic has impacted the electronics sector, as the production facility halted, which, in turn, resulted in significant demand for electronics and semiconductor products in industries. Its major impacts include large-scale manufacturing interruption across Europe and exports interruption in Chinese parts, which are expected to hinder the IP video surveillance and VSaaS market. 

IP Video Surveillance and VSaaS Market- Global Opportunity Analysis and Industry Forecast, 2021-2030
By Region

2030
Asia-pacific 
North America
Europe
Lamea

Asia-Pacific would exhibit the highest CAGR of 12.6% during 2021-2030

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Key Benefits For Stakeholders

  • This study comprises analytical depiction of the global IP video surveillance and VSaaS market size along with the current trends and future estimations to depict the imminent investment pockets.
  • The overall IP video surveillance and VSaaS market analysis is determined to understand the profitable trends to gain a stronger foothold.
  • The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
  • The IP video surveillance and VSaaS market forecast is quantitatively analyzed from 2021 to 2030 to benchmark the financial competency.
  • Porter’s five forces analysis illustrates the potency of the buyers and suppliers in the industry.
  • The report includes the IP video surveillance and VSaaS market share of key vendors and market IP video surveillance and VSaaS trends.

IP Video Surveillance and VSaaS Market Report Highlights

Aspects Details
By Product Type
  • Hardware
    • Impact Camera (IP Camera)
    • Monitor
    • Storage
  • Software
    • Video Analytics Software (VAS)
    • Video Management System (VMS)
  • Cloud Based Solutions
    • Cloud Storage by Product Software
    • Cloud Storage by Deployment
  • Services
    • Video Surveillance as a Service
    • Hosted VSaaS
    • Managed VSaaS
    • Hybrid VSaaS
    • Integrated Services IP Surveillance
By Application
  • Banking & Financial Sector
  • Retail
  • Government & Higher Security
  • Manufacturing & Corporate
  • Residential
  • Casino & Entertainment
  • Healthcare
  • Others 
By Region
  • North America  (U.S., Mexico, Canada)
  • Europe  (UK, Germany, France, Russia, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
By Key Market Players
  • Avigilon (Motorola Solutions)
  • Axis Communications AB
  • Bosch Security Systems GmbH
  • Dahua Technology Co., Ltd.
  • D-Link Corporation
  • Hangzhou Hikvision Digital Technology Co., Ltd.
  • Honeywell Security (Honeywell International Inc.)
  • The Infinova Group
  • Panasonic Corporation
  • Pelco (Schneider Electric)
 

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Digital video surveillance systems can be used in nearly any environment. Owing to increase in adoption of advanced surveillance by the government sector, manufacturers have realized the need for optimum IP surveillance systems. There are many advantages that an IP camera CCTV system offers over an analog format. There has been an increase in demand for security applications, such as video surveillance to monitor and record borders, ports, transportation infrastructure, corporate houses, educational institutes, public places, buildings, and others.

Increase in the transportation infrastructure and rise in the adoption of security standards across various industries fuel the growth of Asia-Pacific IP video surveillance and VSaaS market. For instance, in November 2021, the Asia-Pacific Economic Cooperation collaborated with the World Custom Organization to create a new Global Trade Recovery Information Platform (G-TRIP). This platform is created to facilitate the exchange of critical information during major security disruption, which propels the market growth in this region.

Most of the banks transfer data through the data link layer of internet protocol. Therefore, it is easy for banking and financial institutes to adopt IP surveillance system. For instance, ATM unit IP cameras are used for surveillance of ATM premises and help in avoiding any unauthenticated withdrawal or similar crimes at the site. With the help of the IP surveillance system, it is possible to connect the multisite area over Ethernet while data is collected at a central monitoring room. Furthermore, multiple sensor inputs are fed to the IP camera, which makes IP surveillance system an intelligent system. This helps the system to identify abnormal or suspicious activities easily and at a great speed.

The key players profiled in the report include Avigilon (Motorola Solutions), Axis Communications AB, Bosch Security Systems GmbH, Dahua Technology Co., Ltd., D-Link Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell Security (Honeywell International Inc.), The Infinova Group, Panasonic Corporation, and Pelco (Schneider Electric).

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FREQUENTLY ASKED QUESTIONS?

A. The IP Video Surveillance and VSaaS Market is estimated to grow at a CAGR of 10.9% from 2021 to 2030.

A. The IP Video Surveillance and VSaaS Market is projected to reach $83.03 billion by 2030.

A. To get the latest version of sample report

A. Factors such as rise in transition from analog to IP surveillance cameras, integration of IoT in surveillance cameras, and rise in need of safety in high risk areasR drives the growth of the IP Video Surveillance and VSaaS market

A. The key players profiled in the report include American Security Products Co., Access Security Products Ltd., Alpha Safe & Vault, Inc., Acme Security Systems, BJARSTAL, Bode-Panzer GmbH, Diebold Nixdorf Incorporated, Dormakaba, Gunnebo Industries AB, and Godrej & Boyce Manufacturing Co. Limited, and many more.

A. On the basis of top growing big corporations, we select top 10 players.

A. The IP Video Surveillance and VSaaS Market is segmented on the basis of product type, application, and region.

A. The key growth strategies of IP Video Surveillance and VSaaS market players include product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations.

A. Subsegments of Application are banking and financial sectors, retail, government & higher security, manufacturing & corporate, residential, entertainment, healthcare, and others.

A. Services segment will grow at a highest CAGR of 13.3% during 2021 - 2030.

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