Global Video Surveillance As A Service Market worth $2,390.9 Million by 2017

Video Surveillance as a Service (VSaaS) refers to hosted / Internet recording of security camera video. VSaaS systems are now even offered by newcomers and traditional camera and video management software companies and by others in the surveillance space, such as access control firms and video analytics companies. Cloud computing has been the main factor behind monitoring of Video Surveillance as a Service (VSaaS) systems. VSaaS also referred to as hosted or managed video services, video from customer IP cameras or webcams is transmitted to the service provider’s secure cloud infrastructure. VSaaS is field proven, cost efficient and quite profitable.

                                    Source: http://www.nwsystemsgroup.com/

According to  a new market research report 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. Over more than 10 years of its development VSaaS has become most efficient and reliable CCTV solutions providing both amateurs and professionals an easy platform for residential and business security surveillance. The key factors responsible for driving the VSaaS market include IT cost containment by major corporates, need for centralized data and application management, emergence of data centers, new technologies like IOT (Internet of Things) and field of view (FOV). Whereas, some factors like bandwidth and corporate protocols, network security and high infrastructure cost are restraining the market growth. North America held the highest share, which is 37.5%, followed by Europe with 34.82% if revenue generation, as of 2011 is considered.

The VSaaS according to the report would witness the adoption of three salient and effective models governing the whole business mode with the maturity of the market.

First model - Provides service 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.

Second model - 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.

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.

                                        Source: http://www.vsaas.com/

Various applications, in which VSaaS is primarily used, are commercial, institutional, infrastructural, industrial and residential applications. Storage on EDGE, intelligent business services and mobile device access are a few areas to flourish providing new horizons for the development of the VSaaS market. In the report, the classification of various end-user applications is done on the basis of various commercial, industrial, infrastructural, institutional and residential applications. If the commercial applications are considered, the office segment is observed to hold the highest share of 41.10%, growing at a CAGR of 42%. Considereing the infrastructure market (streets & bridges, transportation, encapsulating highways, communications and stadiums), highways, streets and bridges is expected to increase with the highest CAGR of 12.9% followed by communications segment growing with a CAGR of 12.1%.

Benefits of Video Surveillance as a Service:

1.      Secure web access to surveillance video.

2.      Lower maintenance costs.

3.      Fewer DVR and NVR worries.

The report can be referred here:

http://www.prweb.com/releases/video-surveillance-as-a/service-market/prweb11432566.htm