World Video Surveillance as a Service Market by 2017 April 2014

Global Video Surveillance as a Service Market worth $2,390.9 Million by 2017

According to a new market research report “Video Surveillance As A Service Market [By Service
(Hosted, Managed, Hybrid) & Components (Camera, Storage, Server, Video Analytics), Application
& Geography] - Global Forecast & Analysis (2012-2017)” published by MarketsandMarkets, the VSaaS
market, on the whole, is expected to reach $2,390.9 million by 2017 at a CAGR of 31.5% from 2012 to
2017.
Browse 77 tables spread through 217 pages and in-depth TOC on “Video Surveillance as a Service
– By Service & Components, Application & Geography - Global VSaaS Market Forecast &
Analysis.

http://www.marketsandmarkets.com/Market-Reports/video-surveillance-as-a-service-market-773.html

Early buyers will receive 10% customization on this report.

The cloud computing and storage phenomenon is a revolutionary technology in the IT space which is
slowly but swiftly expanding its horizons into the slow-adopting video surveillance space. Video
Surveillance and storage on the cloud has several advantages up its sleeve as it reduces the amount of
technical resources required to maintain a system while streamlining the security operations in a
centralized IT data center, thus making them increasingly more efficient.
With the maturity of the VSaaS market in the years to come, the market would witness the adoption of three
salient models governing the whole business mode. The first model caters to the physical security
customers who would prefer storage and retrieval of the video through cloud which would require no
capital investment in the equipment. The second model would let the usage of cloud services in the form
of a private network infrastructure which doesn’t necessitate the need for transferring the whole video into
the cloud. The third model postulates the usage of remote monitoring having servers and storage on the
back-end, the entire video system infrastructure in between along with the appliances and cameras on
the front end.
The key factors driving the Video Surveillance as a service (VSaaS) market include IT cost containment
by major corporate, emergence of data centers, need for centralized data and application management,
new features and technologies like IOT(Internet of Things) and field of view(FOV). On the other side,
bandwidth and corporate protocols, network security and high infrastructure cost restrain the market
growth of video surveillance as a service (VSaaS) market. In terms of revenue generation, as of 2011,
North America held the highest share, i.e. 37.5%, followed by Europe with 34.82%.
Currently, Video Surveillance as a Service is used in commercial, institutional, infrastructural, industrial
and residential applications. Storage on EDGE, intelligent business services and mobile device access
are a few opportunities expected to open new horizons for the development of the VSaaS market.
Overall, North America and Europe are the major contributors in the VSaaS application market, but a
paradigm shift is expected in the next five years when countries such as Japan, China, and India will have
a major chunk in the market share of the Video Surveillance as a service market.