VSaaS Market: Current Analysis and Forecast (2023-2030)

Report Description

The VSaaS Market was valued at 4.1 billion in 2022 and is expected to grow at a steady rate of around 18.1% in the forecasted period (2023-2030) owing to the growing adoption of cloud technology. VSaaS is a cloud-based solution that offers video surveillance and monitoring capabilities to users. Instead of managing on-premises hardware and software for video surveillance, VSaaS allows users to access and manage their video feeds and security cameras through the internet using a web browser or a dedicated application. Also, technological progress in camera quality, video compression, bandwidth availability, and data analytics has made VSaaS more effective and appealing to a wider range of industries. For instance, video compression techniques like H.265 (HEVC) became more prevalent, allowing for efficient streaming and storage of high-quality video feeds without consuming excessive bandwidth and storage resources.

Some of the major players operating in the market include ADT.; Johnson Controls.; Axis Communications AB.; Motorola Solutions, Inc.; Arcules, Inc.; Comcast; Eagle Eye Networks.; Genetec Inc.; D-Link Corporation.; Teledyne FLIR LLC

Insights Presented in the Report

“Amongst type, hosted category to witness significant market growth during the forecast period.”

Based on the type, the market is segmented into hybrid, hosted, and managed. Among these, the hosted segment is leading the market due to the rising demand of cost- effective way of installing and using the video surveilling technology. Moreover, the subscription-based pricing model of hosted VSaaS offers predictable monthly or annual expenses, making budgeting and financial planning more straightforward for businesses and henceforth providing the major contribution towards the growth of the market.

“Asia Pacific to hold a significant share in the market.”

Asia Pacific is expected to grow at a significant CAGR during the forecast period. Many countries in the APAC region are witnessing rapid urbanization and industrialization. This has led to increased demand for advanced surveillance solutions to ensure public safety, secure infrastructure, and manage urban environments effectively. Moreover, the region’s economic growth has resulted in increased investment in infrastructure, commercial spaces, and residential developments. Businesses and governments are seeking modern surveillance solutions to protect their assets and maintain security in these expanding environments. Also, the APAC region has embraced technology at an impressive pace. Businesses and consumers are open to adopting innovative solutions, and VSaaS aligns well with this technological mindset.

VSaaS Market Report Coverage

Reasons to buy this report:

• The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
• The report presents a quick review of overall industry performance at one glance.
• The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
• Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
• The study comprehensively covers the market across different segments.
• Deep dive regional level analysis of the industry.

Customization Options:

The global VSaaS market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.

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Research Methodology

Research Methodology for the VSaaS Market Analysis (2023-2030)

Analyzing the historical market, estimating the current market, and forecasting the future market of the global VSaaS market were the three major steps undertaken to create and analyze the adoption of VSaaS in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global VSaaS market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:

Analysis of Historical Market Size

Step 1: In-Depth Study of Secondary Sources:

Detail secondary study was conducted to obtain the historical market size of the VSaaS market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.

Step 2: Market Segmentation:

After obtaining the historical market size of the VSaaS market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as type, and vertical. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.

Step 3: Factor Analysis:

After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the VSaaS market. Further, we conducted factor analysis using dependent and independent variables such as various type, and vertical of VSaaS. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the VSaaS market sector across the globe.

Current Market Size Estimate & Forecast

Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global VSaaS market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.

Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2030 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:

• The industry’s market size, in terms of revenue (USD) and the adoption rate of the VSaaS market across the major markets domestically
• All percentage shares, splits, and breakdowns of market segments and sub-segments
• Key players in the global VSaaS market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market

Market Size and Share Validation

Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.

Split of Primary Participants in Different Regions

Market Engineering

The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global VSaaS market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type, and vertical in the global VSaaS market.

The main objective of the Global VSaaS Market Study

The current & future market trends of the global VSaaS market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:

• Analyze the current and forecast market size of the VSaaS market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
• Segments in the study include areas of type, and vertical.
• Define and analysis of the regulatory framework for the VSaaS industry.
• Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
• Analyze the current and forecast market size of the VSaaS market for the major region.
• Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
• Company profiles of the VSaaS market and the growth strategies adopted by the market players to sustain in the fast-growing market.
• Deep dive regional level analysis of the industry

You can also purchase parts of this report. Do you want to check out a section wise
price list?

Get in touch with team