Summary

The global VSaaS market is expected to be valued at USD 5.0 billion in 2024 and is projected to reach USD 10.7 billion by 2029; it is expected to grow at a CAGR of 16.1% from 2024 to 2029. The VSaaS market is experiencing growth primarily due to the increasing demand for remote monitoring and surveillance solutions across various industries. Businesses are recognizing the benefits of cloud-based video surveillance, such as scalability, flexibility, and cost-effectiveness, compared to traditional on-premises systems.

“VSaaS market for managed type to account for the second highest market share during the forecast period.”
The VSaaS market is expanding for managed services due to several factors. Firstly, businesses are increasingly outsourcing their video surveillance needs to managed service providers to reduce the complexity and burden of system management. Managed services offer businesses access to expertise and support for deploying, monitoring, and maintaining their surveillance systems, allowing them to focus on their core operations. Additionally, managed services often provide predictable pricing models and scalability, making them attractive to businesses looking to control costs and adapt to changing needs.
“VSaaS market for AI-enabled VSaaS to account for the highest CAGR during the forecast period.”
The VSaaS market is expanding for AI-enabled solutions due to the transformative capabilities that artificial intelligence (AI) brings to video surveillance. AI-powered VSaaS offers advanced features such as real-time object detection, facial recognition, and behavior analysis, enabling businesses to enhance security, optimize operations, and extract valuable insights from video data. This combination of AI and VSaaS allows for more accurate and efficient detection of threats and anomalies, reducing false alarms and enabling proactive responses to security incidents.
“Commercial vertical in VSaaS market to account for the highest market share during the forecast period.”
The VSaaS market is experiencing notable growth in the commercial vertical due to several key factors. Firstly, businesses across various industries are increasingly prioritizing security and surveillance to safeguard assets, protect employees, and mitigate risks such as theft, vandalism, and liability claims. VSaaS solutions offer commercial entities the flexibility to deploy and manage surveillance systems efficiently, regardless of their size or complexity, while also providing remote access and monitoring capabilities. Additionally, the scalability of VSaaS allows businesses to easily expand their surveillance infrastructure as needed, accommodating growth and evolving security requirements.
“VSaaS market for North America to account for the second highest market share during the forecast period.”
The VSaaS market is growing significantly in the North American region due to several key factors. Firstly, there is a strong emphasis on security and safety across various industries, driven by increasing concerns about crime, terrorism, and workplace incidents. Businesses in North America are investing in advanced surveillance solutions like VSaaS to protect their assets, employees, and customers. Secondly, the region has a highly developed IT infrastructure and a large base of technology-savvy businesses, making it ripe for the adoption of cloud-based solutions. VSaaS offers scalability, flexibility, and ease of deployment, making it particularly attractive to businesses in North America.


The study contains insights from various industry experts, ranging from component suppliers to Tier 1 companies and OEMs. The break-up of the primaries is as follows:

• By Company Type: Tier 1 – 10%, Tier 2 – 55%, and Tier 3 – 35%
• By Designation: C-level Executives – 45%, Managers – 25%, and Others – 30%
• By Region: North America – 55%, Europe – 20%, Asia Pacific – 15%, RoW – 10%

The key players operating in the VSaaS market are ADT (US), Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden).
Research Coverage:
The research report categorizes the VSaaS market, By Type (Hosted, Managed, Hybrid), Feature (AI-enabled VSaaS, Non-AI VSaaS), AI Visual Analysis (Object Detection & Recognition, Intrusion Detection, Facial Recognition, Anomaly Detection), Use Case (Gun Detection, Industrial Temperature Monitoring, Smoke and Fire Detection, False Alarm Filtering, Vehicle Identification and Number Plate Monitoring, Parking Monitoring) Vertical (Commercial, Residential, Industrial, Infrastructure, Military & Defense, Public Facilities), Region (North America, Europe, Asia Pacific, and RoW).
Key Benefits of Buying the Report

• Analysis of key drivers (Increasing adoption of IoT remote monitoring technologies, Rising investment in hyperscale cloud computing infrastructure, Growing emphasis on installing intelligent security systems, Increasing popularity of video analytics solutions), restraints (Concerns regarding data privacy and security, Complexity in integrating VSaaS into existing infrastructure, Delays in video transmission in areas with poor internet connection), opportunities (Rapid advancement in artificial intelligence technology, Proliferation of smart city initiatives, Increased demand for cloud-based surveillance systems in healthcare and retail sectors), and challenges (Requirement for high-capacity storage and bandwidth, Interoperability and vendor lock-in issues) influencing the growth of the VSaaS market.

• Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product launches in the VSaaS market

• Market Development: Comprehensive information about lucrative markets – the report analyses the VSaaS market across varied regions.

• Market Diversification: Exhaustive information about new services, untapped geographies, recent developments, and investments in the VSaaS market

• Competitive Assessment: In-depth assessment of market shares, growth strategies and service offerings of leading players like ADT (US), Johnson Controls (Ireland), Axis Communication AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden) among others in the VSaaS market.

ページTOPに戻る

Table of Contents

1 INTRODUCTION 26
1.1 STUDY OBJECTIVES 26
1.2 MARKET DEFINITION 26
1.3 STUDY SCOPE 27
1.3.1 MARKETS COVERED 27
FIGURE 1 VSAAS MARKET SEGMENTATION 27
1.3.2 REGIONAL SCOPE 27
1.3.3 INCLUSIONS AND EXCLUSIONS 28
1.3.4 YEARS CONSIDERED 28
1.4 CURRENCY CONSIDERED 29
1.5 LIMITATIONS 29
1.6 STAKEHOLDERS 29
1.7 SUMMARY OF CHANGES 29
1.8 IMPACT OF RECESSION 30
2 RESEARCH METHODOLOGY 31
2.1 RESEARCH DATA 31
FIGURE 2 VSAAS MARKET: RESEARCH DESIGN 31
2.1.1 SECONDARY DATA 32
2.1.1.1 List of key secondary sources 32
2.1.1.2 Key data from secondary sources 32
2.1.2 PRIMARY DATA 33
2.1.2.1 List of primary interview participants 33
2.1.2.2 Key data from primary sources 34
2.1.2.3 Key industry insights 34
2.1.2.4 Breakdown of primaries 35
2.1.3 SECONDARY AND PRIMARY RESEARCH 36
2.2 MARKET SIZE ESTIMATION METHODOLOGY 36
FIGURE 3 VSAAS MARKET SIZE ESTIMATION METHODOLOGY 37
FIGURE 4 VSAAS MARKET: REVENUE FROM SALES OF VSAAS PRODUCTS AND SOLUTIONS 37
2.2.1 BOTTOM-UP APPROACH 38
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side) 38
FIGURE 5 VSAAS MARKET: BOTTOM-UP APPROACH 38
2.2.2 TOP-DOWN APPROACH 39
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side) 39
FIGURE 6 VSAAS MARKET: TOP-DOWN APPROACH 39

2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 39
FIGURE 7 VSAAS MARKET: DATA TRIANGULATION 40
2.4 RESEARCH ASSUMPTIONS 41
FIGURE 8 VSAAS MARKET: RESEARCH ASSUMPTIONS 41
2.5 RISK ASSESSMENT 42
TABLE 1 VSAAS MARKET: RISK ASSESSMENT 42
2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON VSAAS MARKET 42
TABLE 2 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON VSAAS MARKET 42
2.7 RESEARCH LIMITATIONS 43
3 EXECUTIVE SUMMARY 44
FIGURE 9 HOSTED TYPE TO HOLD LARGEST SHARE OF VSAAS MARKET IN 2029 44
FIGURE 10 NON-AI VSAAS TO HOLD DOMINATE MARKET, BY FEATURE, DURING FORECAST PERIOD 45
FIGURE 11 OBJECT DETECTION & RECOGNITION TO EXHIBIT HIGHEST CAGR FROM 2024 TO 2029 45
FIGURE 12 COMMERCIAL VERTICAL TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029 46
FIGURE 13 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF VSAAS MARKET IN 2023 47
4 PREMIUM INSIGHTS 48
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN VSAAS MARKET 48
FIGURE 14 INCREASING BURDEN OF SECURITY THREATS AND CRIMINAL ACTIVITIES TO CONTRIBUTE TO MARKET GROWTH 48
4.2 VSAAS MARKET IN ASIA PACIFIC, BY COUNTRY AND FEATURE 49
FIGURE 15 CHINA AND NON-AI VSAAS TO HOLD LARGEST SHARES OF ASIA PACIFIC VSAAS MARKET IN 2024 49
4.3 VSAAS MARKET IN NORTH AMERICA, BY COUNTRY 49
FIGURE 16 US TO HOLD LARGEST SHARE OF VSAAS MARKET IN 2029 49
4.4 VSAAS MARKET, BY COUNTRY 50
FIGURE 17 CHINA TO RECORD HIGHEST CAGR IN VSAAS MARKET FROM 2024 TO 2029 50
5 MARKET OVERVIEW 51
5.1 INTRODUCTION 51
5.2 MARKET DYNAMICS 51
FIGURE 18 VSAAS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 51
5.2.1 DRIVERS 52
FIGURE 19 IMPACT ANALYSIS: DRIVERS 52
5.2.1.1 Increasing adoption of IoT remote monitoring technologies 52
5.2.1.2 Rising investment in hyperscale cloud computing infrastructure 53
5.2.1.3 Burgeoning demand for intelligent security systems 53
5.2.1.4 Increasing deployment of video analytics technology 54
5.2.2 RESTRAINTS 54
FIGURE 20 IMPACT ANALYSIS: RESTRAINTS 54
5.2.2.1 Concerns regarding data privacy and security 55
5.2.2.2 Complexities in integrating VSaaS into existing infrastructure 55
5.2.2.3 Delays in video transmission due to poor internet connection 56
5.2.3 OPPORTUNITIES 56
FIGURE 21 IMPACT ANALYSIS: OPPORTUNITIES 56
5.2.3.1 Rapid advancement in artificial intelligence technology 57
5.2.3.2 Proliferation of smart city initiatives 57
5.2.3.3 Increased demand for cloud-based surveillance systems in healthcare and retail sectors 58
5.2.4 CHALLENGES 58
FIGURE 22 IMPACT ANALYSIS: CHALLENGES 58
5.2.4.1 High cost of cloud-based data storage 59
5.2.4.2 Interoperability and vendor lock-in issues 59
5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 59
FIGURE 23 VSAAS MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 60
5.4 PRICING ANALYSIS 60
5.4.1 AVERAGE SELLING PRICE OF VSAAS SOLUTIONS OFFERED BY KEY PLAYERS, BY VERTICAL 60
FIGURE 24 AVERAGE SELLING PRICE OF VSAAS SOLUTIONS OFFERED BY KEY PLAYERS, BY VERTICAL (USD) 61
TABLE 3 AVERAGE SELLING PRICE OF VSAAS SOLUTIONS OFFERED BY KEY PLAYERS, BY VERTICAL (USD) 61
5.4.2 AVERAGE SELLING PRICE OF VSAAS CAMERAS, BY REGION 61
TABLE 4 AVERAGE SELLING PRICE OF VSAAS CAMERAS, BY REGION (USD) 61
FIGURE 25 AVERAGE SELLING PRICE OF VSAAS CAMERAS, BY REGION, 2020–2023 (USD) 62
5.5 VALUE CHAIN ANALYSIS 62
FIGURE 26 VSAAS MARKET: VALUE CHAIN ANALYSIS 62
5.6 ECOSYSTEM ANALYSIS 63
FIGURE 27 VSAAS ECOSYSTEM 63
TABLE 5 ROLE OF COMPANIES IN VSAAS ECOSYSTEM 64
5.7 INVESTMENT AND FUNDING SCENARIO 65
FIGURE 28 INVESTMENT AND FUNDING SCENARIO, 2018–2023 65
5.8 TECHNOLOGY ANALYSIS 65
5.8.1 KEY TECHNOLOGIES 65
5.8.1.1 Cloud computing 65
5.8.1.2 Video management software (VMS) 65
5.8.1.3 Artificial intelligence (AI) 65
5.8.1.4 Video analytics 65
5.8.2 COMPLEMENTARY TECHNOLOGIES 66
5.8.2.1 Access control systems 66
5.8.2.2 Alarm systems 66
5.8.2.3 Networking infrastructure 66
5.8.2.4 Storage solutions 66
5.8.3 ADJACENT TECHNOLOGIES 66
5.8.3.1 Internet of Things (IoT) 66
5.8.3.2 Big data analytics 66
5.8.3.3 Cybersecurity solutions 66
5.8.3.4 Biometric authentication 66
5.9 PATENT ANALYSIS 67
FIGURE 29 VSAAS MARKET: PATENTS APPLIED AND GRANTED, 2013–2023 67
TABLE 6 LIST OF PATENTS, 2021–2024 68
5.10 TRADE ANALYSIS 71
5.10.1 IMPORT SCENARIO 71
TABLE 7 IMPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 71
FIGURE 30 IMPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 72
5.10.2 EXPORT SCENARIO 72
TABLE 8 EXPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 72
FIGURE 31 EXPORT DATA FOR HS CODE 852580-COMPLIANT PRODUCTS, BY COUNTRY, 2019–2023 (USD MILLION) 73
5.11 KEY CONFERENCES AND EVENTS, 2024–2025 73
TABLE 9 LIST OF KEY CONFERENCES AND EVENTS, 2024–2025 73
5.12 CASE STUDY ANALYSIS 74
5.12.1 AMAZON ADOPTS EAGLE EYE NETWORKS’ ADVANCED ANALYTICS SOLUTIONS TO ENHANCE REMOTE MONITORING 74
5.12.2 MCDONALD'S IMPLEMENTS VERKADA'S CLOUD-BASED SURVEILLANCE SYSTEMS TO STREAMLINE SECURITY OPERATIONS 75
5.12.3 MARRIOTT INTERNATIONAL ADOPTS GENETEC’S INTEGRATED SURVEILLANCE PLATFORMS TO INCREASE SECURITY AND OPERATIONAL EFFICIENCY 75
5.12.4 WALMART LEVERAGES AVIGILON CORPORATION'S CLOUD-BASED SURVEILLANCE SOLUTIONS TO PROTECT RETAIL STORES, DISTRIBUTION CENTERS, AND CORPORATE FACILITIES 76
5.12.5 GOOGLE PARTNERS WITH CAMCLOUD TO DEPLOY CLOUD-BASED SURVEILLANCE PLATFORMS IN DATA CENTERS AND OFFICE CAMPUSES TO ENHANCE SECURITY 77
5.13 TARIFF AND REGULATORY LANDSCAPE 77
5.13.1 TARIFF ANALYSIS 77
TABLE 10 MFN TARIFF FOR HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY US 77
TABLE 11 MFN TARIFF FOR HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY CHINA 78
TABLE 12 MFN TARIFF FOR HS CODE 852580-COMPLIANT PRODUCTS EXPORTED BY JAPAN 78
5.13.2 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 80
5.13.3 STANDARDS 80
5.13.4 GOVERNMENT REGULATIONS 81
5.14 PORTER'S FIVE FORCES ANALYSIS 82
TABLE 17 VSAAS MARKET: PORTER'S FIVE FORCES ANALYSIS 82
FIGURE 32 VSAAS MARKET: PORTER'S FIVE FORCES ANALYSIS 83
5.14.1 THREAT OF NEW ENTRANTS 83
5.14.2 THREAT OF SUBSTITUTES 83
5.14.3 BARGAINING POWER OF SUPPLIERS 84
5.14.4 BARGAINING POWER OF BUYERS 84
5.14.5 INTENSITY OF COMPETITIVE RIVALRY 84
5.15 KEY STAKEHOLDERS AND BUYING CRITERIA 85
5.15.1 KEY STAKEHOLDERS IN BUYING PROCESS 85
FIGURE 33 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY VERTICALS 85
TABLE 18 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR THREE KEY VERTICALS (%) 85
5.15.2 BUYING CRITERIA 86
FIGURE 34 KEY BUYING CRITERIA FOR THREE KEY VERTICALS 86
TABLE 19 KEY BUYING CRITERIA FOR THREE KEY VERTICALS 86
6 APPLICATIONS OF VSAAS 87
6.1 INTRODUCTION 87
6.2 GUN DETECTION 87
6.3 INDUSTRIAL TEMPERATURE MONITORING 87
6.4 SMOKE & FIRE DETECTION 88
6.5 FALSE ALARM FILTERING 88
6.6 VEHICLE IDENTIFICATION & NUMBER PLATE MONITORING 89
6.7 PARKING MONITORING 89
7 VSAAS MARKET, BY TYPE 90
7.1 INTRODUCTION 91
FIGURE 35 HOSTED TYPE TO DOMINATE VSAAS MARKET DURING FORECAST PERIOD 91
TABLE 20 VSAAS MARKET, BY TYPE, 2020–2023 (USD BILLION) 91
TABLE 21 VSAAS MARKET, BY TYPE, 2024–2029 (USD BILLION) 92
7.2 HOSTED 92
7.2.1 DEPLOYMENT IN RETAIL STORES TO PREVENT THEFT TO FOSTER SEGMENTAL GROWTH 92
TABLE 22 HOSTED: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 92
TABLE 23 HOSTED: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 93
7.3 MANAGED 93
7.3.1 RELIANCE ON OUTSOURCING TO FOCUS MORE ON CORE OPERATIONS TO ACCELERATE SEGMENTAL GROWTH 93
TABLE 24 MANAGED: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 93
TABLE 25 MANAGED: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 94
7.4 HYBRID 94
7.4.1 ADOPTION IN INDUSTRIES WITH BANDWIDTH LIMITATIONS TO CONTRIBUTE TO SEGMENTAL GROWTH 94
TABLE 26 HYBRID: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 94
TABLE 27 HYBRID: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 95
8 VSAAS MARKET, BY FEATURE 96
8.1 INTRODUCTION 97
FIGURE 36 NON-AI VSAAS FEATURE TO CAPTURE LARGER MARKET SHARE THAN AI-ENABLED VSAAS FEATURE IN 2029 97
TABLE 28 VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 97
TABLE 29 VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 98
8.2 AI-ENABLED VSAAS 98
8.2.1 ADVANCED ANALYTICS FUNCTIONALITIES TO BOOST SEGMENTAL GROWTH 98
TABLE 30 AI-ENABLED VSAAS: VSAAS MARKET, BY TYPE, 2020–2023 (USD BILLION) 98
TABLE 31 AI-ENABLED VSAAS: VSAAS MARKET, BY TYPE, 2024–2029 (USD BILLION) 99
TABLE 32 AI-ENABLED VSAAS: VSAAS MARKET, BY REGION, 2020–2023 (USD BILLION) 99
TABLE 33 AI-ENABLED VSAAS: VSAAS MARKET, BY REGION, 2024–2029 (USD BILLION) 99
TABLE 34 AI-ENABLED VSAAS: VSAAS MARKET, BY VERTICAL, 2020–2023 (USD BILLION) 99
TABLE 35 AI-ENABLED VSAAS: VSAAS MARKET, BY VERTICAL, 2024–2029 (USD BILLION) 100
8.3 NON-AI VSAAS 100
8.3.1 ACCESSIBILITY AND EASE OF IMPLEMENTATION TO EXPEDITE SEGMENTAL GROWTH 100
TABLE 36 NON-AI VSAAS: VSAAS MARKET, BY TYPE, 2020–2023 (USD BILLION) 101
TABLE 37 NON-AI VSAAS: VSAAS MARKET, BY TYPE, 2024–2029 (USD BILLION) 101
TABLE 38 NON-AI VSAAS: VSAAS MARKET, BY REGION, 2020–2023 (USD BILLION) 101
TABLE 39 NON-AI VSAAS: VSAAS MARKET, BY REGION, 2024–2029 (USD BILLION) 101
TABLE 40 NON-AI VSAAS: VSAAS MARKET, BY VERTICAL, 2020–2023 (USD BILLION) 102
TABLE 41 NON-AI VSAAS: VSAAS MARKET, BY VERTICAL, 2024–2029 (USD BILLION) 102

9 VSAAS MARKET, BY AI VISUAL ANALYSIS 103
9.1 INTRODUCTION 104
FIGURE 37 OBJECT DETECTION & RECOGNITION SEGMENT TO DOMINATE MARKET, BY AI VISUAL ANALYSIS, DURING FORECAST PERIOD 104
TABLE 42 VSAAS MARKET, BY AI VISUAL ANALYSIS, 2020–2023 (USD MILLION) 104
TABLE 43 VSAAS MARKET, BY AI VISUAL ANALYSIS, 2024–2029 (USD MILLION) 105
9.2 OBJECT DETECTION & RECOGNITION 105
9.2.1 RELIANCE ON AI-ENABLED VSAAS TO AUTOMATE SURVEILLANCE TASKS TO FUEL SEGMENTAL GROWTH 105
9.3 INTRUSION DETECTION 106
9.3.1 ADOPTION OF ADVANCED ANALYTICS TECHNOLOGIES TO IDENTIFY UNAUTHORIZED ACCESS TO DRIVE MARKET 106
9.4 FACIAL RECOGNITION 107
9.4.1 USE OF AI-ENABLED VSAAS SOLUTIONS IN TRANSPORTATION HUBS TO ENHANCE PASSENGER SAFETY TO EXPEDITE SEGMENTAL GROWTH 107
9.5 ANOMALY DETECTION 108
9.5.1 DEPLOYMENT OF VSAAS TECHNOLOGY TO DETECT UNUSUAL EVENTS OR PATTERNS IN VIDEO FEEDS TO PROPEL MARKET 108
10 VSAAS MARKET, BY VERTICAL 109
10.1 INTRODUCTION 110
FIGURE 38 COMMERCIAL VERTICAL TO HOLD LARGEST MARKET SHARE IN 2023 110
TABLE 44 VSAAS MARKET, BY VERTICAL, 2020–2023 (USD BILLION) 110
TABLE 45 VSAAS MARKET, BY VERTICAL, 2024–2029 (USD BILLION) 111
10.2 COMMERCIAL 111
TABLE 46 COMMERCIAL: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 112
TABLE 47 COMMERCIAL: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 112
TABLE 48 COMMERCIAL: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 112
TABLE 49 COMMERCIAL: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 112
TABLE 50 COMMERCIAL: NON-AI VSAAS MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 113
TABLE 51 COMMERCIAL: NON-AI VSAAS MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 113
10.2.1 RETAIL STORES & MALLS 113
10.2.1.1 Adoption of real-time monitoring solutions in retail sector to increase security and operational efficiency to drive market 113
10.2.2 ENTERPRISES & DATA CENTERS 114
10.2.2.1 Reliance on AI-enabled surveillance tools to prevent unauthorized access across IT firms to boost segmental growth 114
10.2.3 BANKING & FINANCE BUILDINGS 114
10.2.3.1 Regulatory requirements for continuous monitoring of ATMs to contribute to segmental growth 114
10.2.4 HOSPITALITY CENTERS 115
10.2.4.1 Use of cloud video surveillance solutions to enhance guest safety and prevent theft to facilitate segmental growth 115
10.2.5 WAREHOUSES 115
10.2.5.1 Adoption of video analytics solutions to track movement of goods and detect inventory anomalies to fuel segmental growth 115
10.3 RESIDENTIAL 115
10.3.1 INTRODUCTION OF SMART HOME DEVICES TO INCREASE SECURITY TO ACCELERATE SEGMENTAL GROWTH 115
TABLE 52 RESIDENTIAL: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 116
TABLE 53 RESIDENTIAL: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 116
10.4 INDUSTRIAL 117
TABLE 54 INDUSTRIAL: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 117
TABLE 55 INDUSTRIAL: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 117
TABLE 56 INDUSTRIAL: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 118
TABLE 57 INDUSTRIAL: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 118
TABLE 58 INDUSTRIAL: NON-AI VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 118
TABLE 59 INDUSTRIAL: NON-AI VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 118
10.4.1 MANUFACTURING FACILITIES 118
10.4.1.1 Installation of cutting-edge video surveillance solutions to detect production line anomalies to facilitate segmental growth 118
10.4.2 CONSTRUCTION SITES 119
10.4.2.1 Increasing demand for hazard detection solutions in construction site to prevent accidents to expedite segmental growth 119
10.5 MILITARY & DEFENSE 119
TABLE 60 MILITARY & DEFENSE: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 120
TABLE 61 MILITARY & DEFENSE: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 120
TABLE 62 MILITARY & DEFENSE: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 120
TABLE 63 MILITARY & DEFENSE: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 120
TABLE 64 MILITARY & DEFENSE: NON-AI VSAAS MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 121
TABLE 65 MILITARY & DEFENSE: NON-AI VSAAS MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 121
10.5.1 PRISON & CORRECTION FACILITIES 121
10.5.1.1 Use of intelligent video analytics solutions to detect suspicious behavior and inmate violence to fuel segmental growth 121
10.5.2 LAW ENFORCEMENT 122
10.5.2.1 Adoption of surveillance systems to prevent vandalism and theft to segmental growth 122

10.5.3 BORDER SURVEILLANCE 122
10.5.3.1 Employment of video analytics tools to ensure real-time border monitoring to drive market 122
10.5.4 COASTAL SURVEILLANCE 123
10.5.4.1 Challenges associated with illegal immigration and smuggling to foster segmental growth 123
10.6 INFRASTRUCTURE 123
TABLE 66 INFRASTRUCTURE: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 124
TABLE 67 INFRASTRUCTURE: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 124
TABLE 68 INFRASTRUCTURE: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 124
TABLE 69 INFRASTRUCTURE: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 124
TABLE 70 INFRASTRUCTURE: NON-AI VSAAS MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 125
TABLE 71 INFRASTRUCTURE: NON-AI VSAAS MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 125
10.6.1 TRANSPORTATION & CITY SURVEILLANCE 125
10.6.1.1 Reliance on intelligent video analytics to reduce safety events among drivers to boost segmental growth 125
10.6.2 PUBLIC PLACES 126
10.6.2.1 Need for real-time surveillance to identify and respond to security threats promptly to propel market 126
10.6.3 UTILITIES 126
10.6.3.1 Requirement for surveillance systems to ensure compliance with regulatory requirements to facilitate segmental growth 126
10.7 PUBLIC FACILITIES 126
TABLE 72 PUBLIC FACILITIES: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 127
TABLE 73 PUBLIC FACILITIES: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 127
TABLE 74 PUBLIC FACILITIES: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2020–2023 (USD MILLION) 127
TABLE 75 PUBLIC FACILITIES: AI-ENABLED VSAAS MARKET, BY APPLICATION, 2024–2029 (USD MILLION) 128
TABLE 76 PUBLIC FACILITIES: NON-AI VSAAS MARKET, BY APPLICATION, 2020–2023 (USD BILLION) 128
TABLE 77 PUBLIC FACILITIES: NON-AI VSAAS MARKET, BY APPLICATION, 2024–2029 (USD BILLION) 128
10.7.1 HEALTHCARE BUILDINGS 128
10.7.1.1 Need for patient remote monitoring solutions to drive market 128
10.7.2 EDUCATIONAL BUILDINGS 129
10.7.2.1 Adoption of comprehensive security measures to establish secure learning environments to boost segmental growth 129
10.7.3 GOVERNMENT BUILDINGS 129
10.7.3.1 Need for surveillance solutions to protect sensitive government information to contribute to segmental growth 129
10.7.4 RELIGIOUS BUILDINGS 130
10.7.4.1 Adoption of intelligent video analytics solutions to safeguard valuable religious artifacts to drive market 130
11 VSAAS MARKET, BY REGION 131
11.1 INTRODUCTION 132
FIGURE 39 VSAAS MARKET IN ASIA PACIFIC TO GROW AT HIGHEST CAGR BETWEEN 2024 AND 2029 132
TABLE 78 VSAAS MARKET, BY REGION, 2020–2023 (USD BILLION) 132
TABLE 79 VSAAS MARKET, BY REGION, 2024–2029 (USD BILLION) 133
11.2 NORTH AMERICA 133
FIGURE 40 NORTH AMERICA: VSAAS MARKET SNAPSHOT 134
11.2.1 RECESSION IMPACT ON VSAAS MARKET IN NORTH AMERICA 134
TABLE 80 NORTH AMERICA: VSAAS MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 135
TABLE 81 NORTH AMERICA: VSAAS MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 135
TABLE 82 NORTH AMERICA: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 135
TABLE 83 NORTH AMERICA: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 135
11.2.2 US 136
11.2.2.1 Substantial investment in security infrastructure to contribute to market growth 136
11.2.3 CANADA 136
11.2.3.1 Increased allocation of budgets to enhance remote monitoring capabilities to foster market growth 136
11.2.4 MEXICO 137
11.2.4.1 High emphasis on combating crimes and improving public safety to accelerate market growth 137
11.3 EUROPE 138
FIGURE 41 EUROPE: VSAAS MARKET SNAPSHOT 139
11.3.1 RECESSION IMPACT ON VSAAS MARKET IN EUROPE 139
TABLE 84 EUROPE: VSAAS MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 140
TABLE 85 EUROPE: VSAAS MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 140
TABLE 86 EUROPE: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 140
TABLE 87 EUROPE: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 140
11.3.2 UK 141
11.3.2.1 Increasing adoption of could-based monitoring systems to improve situational awareness to propel market 141
11.3.3 GERMANY 141
11.3.3.1 Rising emphasis on meeting stringent privacy and security standards to augment market growth 141
11.3.4 FRANCE 142
11.3.4.1 Surging demand for advanced surveillance technologies to foster market growth 142
11.3.5 REST OF EUROPE 143

11.4 ASIA PACIFIC 143
FIGURE 42 ASIA PACIFIC: VSAAS MARKET SNAPSHOT 144
11.4.1 RECESSION IMPACT ON VSAAS MARKET IN ASIA PACIFIC 145
TABLE 88 ASIA PACIFIC: VSAAS MARKET, BY COUNTRY, 2020–2023 (USD BILLION) 145
TABLE 89 ASIA PACIFIC: VSAAS MARKET, BY COUNTRY, 2024–2029 (USD BILLION) 146
TABLE 90 ASIA PACIFIC: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 146
TABLE 91 ASIA PACIFIC: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 146
11.4.2 CHINA 146
11.4.2.1 Increasing development of smart cities to contribute to market growth 146
11.4.3 JAPAN 147
11.4.3.1 Rising emphasis on crime prevention and disaster management to drive market 147
11.4.4 SOUTH KOREA 148
11.4.4.1 Growing adoption of AI video surveillance in smart city projects to fuel market growth 148
11.4.5 INDIA 148
11.4.5.1 Increasing development of transportation networks to accelerate market growth 148
11.4.6 REST OF ASIA PACIFIC 149
11.5 ROW 150
11.5.1 RECESSION IMPACT ON VSAAS MARKET IN ROW 150
TABLE 92 ROW: VSAAS MARKET, BY REGION, 2020–2023 (USD BILLION) 150
TABLE 93 ROW: VSAAS MARKET, BY REGION, 2024–2029 (USD BILLION) 150
TABLE 94 ROW: VSAAS MARKET, BY FEATURE, 2020–2023 (USD BILLION) 151
TABLE 95 ROW: VSAAS MARKET, BY FEATURE, 2024–2029 (USD BILLION) 151
11.5.2 MIDDLE EAST 151
11.5.2.1 Utilization of cloud-based monitoring solutions in urban areas to enhance public safety to facilitate market growth 151
11.5.3 SOUTH AMERICA 152
11.5.3.1 Adoption of innovative surveillance solutions in smart cities and urban areas to drive market 152
11.5.4 AFRICA 152
11.5.4.1 Rise in terrorism and civil unrest to contribute to market growth 152
12 COMPETITIVE LANDSCAPE 153
12.1 INTRODUCTION 153
12.2 KEY PLAYER STRATEGIES/RIGHT TO WIN, 2019–2023 153
TABLE 96 VSAAS MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 153
12.3 REVENUE ANALYSIS, 2019–2023 155
FIGURE 43 REVENUE ANALYSIS OF FOUR KEY PLAYERS, 2019–2023 155
12.4 MARKET SHARE ANALYSIS, 2023 155
FIGURE 44 VSAAS MARKET SHARE ANALYSIS, 2023 155
TABLE 97 VSAAS MARKET: DEGREE OF COMPETITION, 2023 156
12.5 COMPANY VALUATION AND FINANCIAL METRICS 158
FIGURE 45 COMPANY VALUATION (USD MILLION), 2023 158
FIGURE 46 FINANCIAL METRICS (EV/EBITDA), 2023 159
12.6 BRAND/PRODUCT COMPARISON 159
FIGURE 47 BRAND/PRODUCT COMPARISON 159
12.7 COMPANY EVALUATION MATRIX: KEY PLAYERS, 2023 160
12.7.1 STARS 160
12.7.2 EMERGING LEADERS 160
12.7.3 PERVASIVE PLAYERS 160
12.7.4 PARTICIPANTS 160
FIGURE 48 VSAAS MARKET: COMPANY EVALUATION MATRIX (KEY PLAYERS), 2023 161
12.7.5 COMPANY FOOTPRINT: KEY PLAYERS, 2023 162
12.7.5.1 Overall footprint 162
FIGURE 49 VSAAS MARKET: OVERALL FOOTPRINT 162
12.7.5.2 Type footprint 163
TABLE 98 VSAAS MARKET: TYPE FOOTPRINT 163
12.7.5.3 AI visual analysis footprint 164
TABLE 99 VSAAS MARKET: AI VISUAL ANALYSIS FOOTPRINT 164
12.7.5.4 Feature footprint 165
TABLE 100 VSAAS MARKET: FEATURE FOOTPRINT 165
12.7.5.5 Vertical footprint 166
TABLE 101 VSAAS MARKET: VERTICAL FOOTPRINT 166
12.7.5.6 Region footprint 167
TABLE 102 VSAAS MARKET: REGION FOOTPRINT 167
12.8 COMPANY EVALUATION MATRIX: START-UPS/SMES, 2023 168
12.8.1 PROGRESSIVE COMPANIES 168
12.8.2 RESPONSIVE COMPANIES 168
12.8.3 DYNAMIC COMPANIES 168
12.8.4 STARTING BLOCKS 168
FIGURE 50 VSAAS MARKET: COMPANY EVALUATION MATRIX (START-UPS/SMES), 2023 169
12.8.5 COMPETITIVE BENCHMARKING: START-UPS/SMES, 2023 170
12.8.5.1 List of key start-ups/SMEs 170
TABLE 103 VSAAS MARKET: LIST OF KEY START-UPS/SMES 170
12.8.5.2 Competitive benchmarking of key start-ups/SMEs 171
TABLE 104 VSAAS MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES 171
12.9 COMPETITIVE SCENARIOS AND TRENDS 172
12.9.1 PRODUCT LAUNCHES 172
TABLE 105 VSAAS MARKET: PRODUCT LAUNCHES, JANUARY 2019–DECEMBER 2023 172
12.9.2 DEALS 175
TABLE 106 VSAAS MARKET: DEALS, JANUARY 2019–DECEMBER 2023 175

13 COMPANY PROFILES 178
(Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats))*
13.1 KEY PLAYERS 178
13.1.1 ADT 178
TABLE 107 ADT: COMPANY OVERVIEW 178
FIGURE 51 ADT: COMPANY SNAPSHOT 179
TABLE 108 ADT: PRODUCTS/SOLUTIONS/SERVICES OFFERED 179
TABLE 109 ADT: PRODUCT LAUNCHES 180
TABLE 110 ADT: DEALS 180
13.1.2 JOHNSON CONTROLS 182
TABLE 111 JOHNSON CONTROLS: COMPANY OVERVIEW 182
FIGURE 52 JOHNSON CONTROLS: COMPANY SNAPSHOT 183
TABLE 112 JOHNSON CONTROLS: PRODUCTS/SOLUTIONS/SERVICES OFFERED 184
TABLE 113 JOHNSON CONTROLS: PRODUCT LAUNCHES 184
TABLE 114 JOHNSON CONTROLS: DEALS 185
13.1.3 AXIS COMMUNICATIONS AB 187
TABLE 115 AXIS COMMUNICATIONS AB: COMPANY OVERVIEW 187
TABLE 116 AXIS COMMUNICATIONS AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 187
TABLE 117 AXIS COMMUNICATIONS AB: PRODUCT LAUNCHES 188
TABLE 118 AXIS COMMUNICATIONS AB: DEALS 188
13.1.4 MOTOROLA SOLUTIONS, INC. 190
TABLE 119 MOTOROLA SOLUTIONS, INC.: COMPANY OVERVIEW 190
FIGURE 53 MOTOROLA SOLUTIONS, INC.: COMPANY SNAPSHOT 191
TABLE 120 MOTOROLA SOLUTIONS, INC.: PRODUCT/SOLUTION/SERVICE OFFERED 191
TABLE 121 MOTOROLA SOLUTIONS, INC.: PRODUCT LAUNCHES 192
13.1.5 SECURITAS AB 194
TABLE 122 SECURITAS AB: COMPANY OVERVIEW 194
FIGURE 54 SECURITAS AB: COMPANY SNAPSHOT 195
TABLE 123 SECURITAS AB: PRODUCTS/SOLUTIONS/SERVICES OFFERED 195
TABLE 124 SECURITAS AB: DEALS 196
13.1.6 ROBERT BOSCH GMBH 198
TABLE 125 ROBERT BOSCH GMBH: COMPANY OVERVIEW 198
FIGURE 55 ROBERT BOSCH GMBH: COMPANY SNAPSHOT 199
TABLE 126 ROBERT BOSCH GMBH: PRODUCTS/SOLUTIONS/SERVICES OFFERED 199
TABLE 127 ROBERT BOSCH GMBH: PRODUCT LAUNCHES 200
13.1.7 HONEYWELL INTERNATIONAL INC. 201
TABLE 128 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW 201
FIGURE 56 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 202
TABLE 129 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 202
TABLE 130 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 203
TABLE 131 HONEYWELL INTERNATIONAL INC.: DEALS 203
13.1.8 ALARM.COM 204
TABLE 132 ALARM.COM: COMPANY OVERVIEW 204
FIGURE 57 ALARM.COM: COMPANY SNAPSHOT 205
TABLE 133 ALARM.COM: PRODUCTS/SOLUTIONS/SERVICES OFFERED 205
TABLE 134 ALARM.COM: PRODUCT LAUNCHES 206
TABLE 135 ALARM.COM: DEALS 207
13.1.9 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD. 208
TABLE 136 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: COMPANY OVERVIEW 208
FIGURE 58 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: COMPANY SNAPSHOT 209
TABLE 137 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 209
TABLE 138 HANGZHOU HIKVISION DIGITAL TECHNOLOGY CO., LTD.: PRODUCT LAUNCHES 210
13.1.10 ARCULES, INC. 211
TABLE 139 ARCULES, INC.: COMPANY OVERVIEW 211
TABLE 140 ARCULES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED 211
TABLE 141 ARCULES, INC.: PRODUCT LAUNCHES 212
TABLE 142 ARCULES, INC.: EXPANSIONS 212
13.2 OTHER PLAYERS 213
13.2.1 DURANC 213
13.2.2 EAGLE EYE NETWORKS 214
13.2.3 GENETEC INC. 215
13.2.4 PACIFIC CONTROLS 216
13.2.5 ARLO 217
13.2.6 MOBOTIX 218
13.2.7 MORPHEAN 219
13.2.8 VERKADA INC. 220
13.2.9 VIVINT, INC. 221
13.2.10 CAMIOLOG, INC. 222
13.2.11 IVIDEON 223
13.2.12 IRONYUN USA, INC. 224
13.2.13 SOLINK CORP. 225
13.2.14 3DEYE 226
13.2.15 CAMCLOUD 227
*Details on Business Overview, Products/Solutions/Services Offered, Recent Developments, and MnM View (Key strengths/Right to Win, Strategic Choices Made, and Weaknesses and Competitive Threats) might not be captured in case of unlisted companies.

14 APPENDIX 228
14.1 INSIGHTS FROM INDUSTRY EXPERTS 228
14.2 DISCUSSION GUIDE 229
14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 232
14.4 CUSTOMIZATION OPTIONS 234
14.5 RELATED REPORTS 234
14.6 AUTHOR DETAILS 235