Video Surveillance and VSaaS Market: Industry Insights, Outlook and Forecast upto 2019 - 2027
Video Surveillance and VSaaS Market: Introduction The global video surveillance and VSaaS market is projected to reach value of US$ 131.9 Bn by 2027 from ~US$ 41.2 Bn in 2019, expanding at a CAGR of ~16% from 2019 to 2027 . Expansion of the video surveillance and VSaaS market can be attributed to technological advancements in high-resolution perfect imaging and video analytics, and increasing government interest in smart cities. Asia Pacific is anticipated to lead the global video surveillance and VSaaS market, followed by North America, during the forecast period. Advanced High-resolution Perfect Imaging and Video Analytics Fuel Market Growth A significant number of cameras are employed in video surveillance systems to be deployed in industries with huge infrastructure. Rise in the number of IP cameras with higher resolution is leading to the need for more storage. Scalability of security systems not only requires an increased number of...