Video Surveillance and VSaaS Market would grow at an estimated CAGR of 18.1% during the forecast per
Market Research, Video Surveillance and VSaaS Market
The global market for video surveillance and VSaaS was valued at US$ 14.98 Bn in 2013 and is expected to reach US$ 48.32 Bn by 2020, growing at a CAGR of 18.1% during the forecast period from 2014 to 2020. The market is majorly driven by increasing security measures and government regulations in order to prevent terrorism and crime. Surveillance cameras can play a significant part in the fight against terrorism. They allow suspects to be identified more quickly and can provide useful evidence about suspects. Thus, video surveillance can help prevent many undesirable activities by maintaining a vigilant eye on every move at every place of importance and has become a necessity of modern society. In addition, business organizations and general public have started recognizing the need and importance of obtaining useful data from surveillance footage, which in turn, is contributing to the demand of video analytics. Further, owing to the shift from analog to IP-based cameras, there is need for large capacity storage which is driving the demand for cloud based storage and services (VsaaS).
Browse the full Video Surveillance and VSaaS Market Report with ToC & Free Analysis at
, Video Surveillance and VSaaS Market