Global VSaaS market: 28% CAGR between 2012-2016

Press Release   •   Feb 26, 2013 10:35 GMT

The Global Video Surveillance as a Service market is to grow at a CAGR of 28.1 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increasing demand for video surveillance. The Global Video Surveillance as a Service market has also been witnessing a growth because of the need for various companies to focus on their core activities rather than worry about the security requirements of their respective companies. However, the initial high cost of infrastructure required in this market could pose a challenge to the growth of this market.

Video Surveillance as a Service (VSaaS) offers a company a number of benefits in terms of security and storage capacity. A key trend being noticed in the Global VSaaS market, however, is that many VSaaS vendors have been offering key video analytics software as part of their product offering. Video analytics allows an end-user to analyze the video footage data through the measurement of certain parameters. For example, facial recognition software could be used to identify certain individuals in a company and the video analytics software can be used to maintain a counter of the number of times a particular individual has crossed an area. In this aspect, the productivity of an individual can be measured based on the number of times and duration of time that the individual is present in a particular area. The provision of video analytics software is also being done to increase the value proposition of VSaaS.

The increasing demand for video surveillance is a key factor that is expected to drive the market for the Global VSaaS market. With the number of security threats increasing year on year, private as well as public institutions will be focusing on improving the overall security within their premises. The demand for VSaaS is completely dependent on the growth in the Global Video Surveillance market.

The key vendors dominating this market space are Axis Communications AB., DvTel Inc., Moonblink Communications, and Salient Systems Corp.

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