VSaaS Market

1. VSaaS Market Size, Global Industry Trends Forecast, Opportunities - 2027 The global VSaaS market size is projected is projected to reach USD 7.6 billion by 2027, growing at a CAGR of 18.0% during the forecast period. The growth of VSaaS industry is driven by factors such as the low cost of investment, the rise in demand for real- time surveillance data, and flexible scalability offered by VSaaS. Hosted VSaaS is expected to hold high market share from 2022 to 2027. Hosted VSaaS is expected to hold high market share during the forecast period. The high market share is credited to growing adoption of VSaaS across residential, SMBs, and retail sector coupled with increasing penetration of smart cities across North America, Europe and Asia Pacific regions. Additionally, increasing penetration of smartphones, the commercialization of 5G services and the availability of high-speed Internet are helping the market for hosted VSaaS to grow further, as high internet speed is one of the basic requirements of service providers and customers. Decreasing cloud storage costs have lowered subscription costs, which has resulted in an increase in users of hosted video services across verticals. Market for commercial vertical to hold largest share throughout the forecast period The commercial vertical held the largest share of the VSaaS market in 2021 and is also expected to hold the largest share during the forecast period. The high market share is attributed to the increasing adoption of VSaaS in warehouses, hospatility centers, bank & financial institutions, enterprises, mall and retail stores. The high adoption is due to increasing demand for VSaaS services in order to reduce thefts, enhancing security and lowering the inventory losses across commercial sectors. The VSaaS have high requirements across bank & financial institutions. It helps to increase security, monitor ATMs, staffs and customers. According to December 2021 statistics by European Association for Secure Transactions (EAST), Europe has approximately 376,984 ATMs, with Germany accounting for 60,752 ATMs. The growing penetration fo ATMs across European Union will fuel the market growth across commercial sector. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=773 VSaaS market in Asia Pacific estimated to grow at the fastest rate during the forecast period The market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. The growth is driven by increasing number of smart cities in China, South Korea, and India. In a December 2020 press release by the World Economic Forum, China has built around 500 AI-powered smart cities in the country. The proliferation of smart cities will further increase the penetration of VSaaS solutions and services in the region. Also, the supportive initiatives taken by the Chinese government to enhance the safety of cities are expected to create significant opportunities for the VSaaS market in the region. About MarketsandMarkets™ MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients. The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25

2. trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem.Our insights and strategies are molded by our industry experts, cutting-edge AI- powered Market Intelligence Cloud, and years of research.The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook.