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Global Video Surveillance-as-a-Service Market will witness over 14.5% CAGR between 2023 and 2032, driven by heightened recognition and appreciation for industry players. Companies are increasingly valued for their innovative offerings, providing seamless, cloud-based surveillance solutions.
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Video Surveillance-as-a-Service Market Growth Analysis & Forecast Report | 2024-2032
Industry Insights • Global Video Surveillance-as-a-Service Market will witness over 14.5% CAGR between 2023 and 2032, driven by heightened recognition and appreciation for industry players. Companies are increasingly valued for their innovative offerings, providing seamless, cloud-based surveillance solutions. • For instance, in March 2023, Motorola Solutions secured the title of "Leader" in the IDC MarketScape's Worldwide Video Security as a Service (VSaaS) Vendor Assessment. Acknowledged as one of the most extensive evaluations of VSaaS providers, the IDC MarketScape applauded Motorola Solutions for its robust video security offerings, encompassing cloud-native, on-premise, and hybrid VSaaS capabilities. This surge in demand stems from a growing emphasis on security, remote monitoring, and scalability. As businesses and individuals prioritize safety, the convenience and efficiency of VSaaS solutions are becoming indispensable.
Managed segment will undergo significant development from 2023 to 2032. The integration of RTVA within VSaaS solutions enhances security by enabling real-time monitoring and analysis. This sophisticated technology detects anomalies, ensuring proactive threat mitigation. Businesses prioritize managed RTVA as it offers a cost-effective, efficient approach to bolstering security measures. The growing reliance on these managed services signifies a shift towards smarter data-driven surveillance strategies, meeting the evolving needs for heightened security and proactive threat management. • Video surveillance-as-a-service market size from the monitoring and management segment will register a noteworthy CAGR from 2023 to 2032. Advanced VSaaS solutions offer centralized control, real-time monitoring, and streamlined management of surveillance systems. Businesses prioritize these services for their ability to ensure comprehensive security, operational efficiency, and remote access. The demand surge stems from the necessity to monitor diverse environments effectively while enabling seamless management from any location.
Regional Analysis • Europe video surveillance-as-a-service industry will showcase a commendable CAGR from 2023 to 2032. European nations prioritize safety, promoting VSaaS adoption through robust regulations and increased awareness. Cloud-based surveillance solutions offer scalable, cost-effective options that align with diverse security needs across industries. • Competitive Analysis • Axis Communications • Dahua • Eagle Eye Networks • Genetec • Hikvision • Ivideon • Mobotix • Nest (by Google) • Netgear (Arlo) • Verkada
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