TECH SUPPLIER Jul 2022 - Market Analysis Perspective - Doc # US49323722
Market Analysis Perspective: Worldwide Video Surveillance as a Service, 2022
This IDC Market Analysis Perspective examines the video surveillance–as-a-service (VSaaS) market, which is a subset of the larger physical security technology market. The market represents $2.6 billion worldwide and involves the delivery of video surveillance capabilities from the cloud. IDC forecasts indicate that the global market will exceed $6.1 billion by 2026. Currently, vendors of video security hardware and software are the primary players in the market. To be successful, technology vendors need to focus on business applications, reduce complexity, and deliver measurable ROIs.