IP Video Surveillance and VSaaS Market is Expected to Reach $61.3 Billion, Globally, by 2022
According to a new report published by Allied Market Research titled "IP Video Surveillance and VSaaS Market - Global Opportunity Analysis and Industry Forecast, 2016 - 2022", the global IP video surveillance and VSaaS market is expected to reach $61.3 billion by 2022. North America is anticipated to account for the highest share of the overall market revenue during the forecast period (2016-2022). The Asia-Pacific region is expected to witness the fastest CAGR during the forecast period and account for 25% share of the overall market revenue by 2022. Based on application areas, the IP surveillance and VSaaS market is segmented into banking & financial sector, retail, healthcare, government & higher security, manufacturing & corporate, residential, entertainment & casino, and others. The government & higher security segment is expected to adopt IP surveillance system at the fastest pace during the analysis period and is anticipated to exhibit a prominent CAGR of 18.8% from 2016 to 2022. The growth would be supplemented by increasing usage of video security solutions at government organizations, public places, and others.
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