Video Surveillance as a Service Market Scenario:

The Video Surveillance as a Service Marketis enduring an exacting period with its robust growth coming to an abrupt halt in light of the COVID-19 pandemic. MRFR report on the Video Surveillance as a Service Market highlights the future prediction and the growth alternatives that can be created.

The video surveillance as a service market 2020 is likely to grow by USD 2.7 Billion in the forecast period 2020 to 2027. The study has been published by Market Research Future, which provides the market impact and new prospects created because of the COVID-19 pandemic. The force can be expected to be significant, which is recorded to be at 19% of the compound annual growth rate.

The usage of video surveillance in business is witnessed to be growing significantly, owing to the rising need for physical security, coupled with the use of cloud-based services for centralized data. The study signifies that globally, the drive to develop the safety and security across various industries is adding to the market growth, extensively. With hasty developments in cloud computing and video surveillance software, the surveillance market has transformed, in comparison to the previous years.

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Competitive Outlook:

The giant players of global video surveillance as a service market report have listed Bosch Security Systems (Germany), Brivo Inc, (U.S.), Hangzhou Hikvision Digital Technology Co., Ltd (China), Cisco Systems, Inc. (U.S.), Honeywell International Inc. (U.S.), Cloudastructure Inc, (U.S.), Genetec (Canada), Neo Solutions, Inc (U.S.) and others. The study also mentioned that new entrants, as well as established players, who want to emerge as leaders in the post-COVID era, are taking the impact analysis seriously.

Segmentation:
• The global video surveillance as a service market has been segmented over the segments of component, service, and end-users.
• In terms of component segment, the market has been bifurcated into software/ analytics and hardware.
• In terms of services, the market has included managed hosted and others.
• In terms of the end-user segment, the market has included commercial, industrial, infrastructure, and residential.

Regional Analysis:

Further, global video surveillance as a service market has been segmented into four regions, which include- North America, Europe, Asia-Pacific, and RoW.

The North America regional market led the video surveillance as a service market back in 2019. Throughout the forecast period, the North American region is anticipated to record the highest incremental growth owing to some essential factors such as the expansion of international retailers and the increasing focus on improving infrastructure to upgrading construction activities.

Asian countries are anticipated to be the fastest-growing region during the foretell period 2016-2022, extensively owing to the expansion of technology, rising need for the cloud service, awareness over video surveillance, mounting need for smart cities, government initiatives and safety policy.
The European market is also anticipated to rise at a steady pace over the forecasted period 2016-2022. The rise is majorly owing to advancements in the technology sector, government policies, and surged adoption of cloud-enabled video surveillance.

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About Market Research Future:
Market Research Future (MRFR) has created a niche in the world of market research. It is counted among the top market research companies that offer well-researched and updated market research reports and insights to businesses of all sizes. What sets us apart is our super-responsive team that offers quality work keeping clients abridged of the prospective challenges and opportunities in various markets. Our team is adept in their space as well as patiently listens to every client.

The best part is they know their work inside out and possess the expertise to guide the client in the right direction and achieve results on a tight deadline. We are a one-stop solution for all your data research needs. Our team does not believe in the “one size fits all” approach to creating a report that is detailed and concise. We handle 13 industry verticals including Healthcare, Chemicals and Materials, Information and Communications Technology, Semiconductor and Electronics, Energy and Power, Food, Beverages & Nutrition, Automobile, Consumer and Retail, Aerospace and Defense, Industrial Automation and Equipment, Packaging & Transport, Construction, and Agriculture. With our unique approach for every market report, we aim to reach the zenith in qualitative business intelligence and syndicated market research.

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