Video Surveillance As A Service Market - Forecast (2022-2027)
The Video Surveillance As A Service Market is currently valued at $3.2 billion in 2021 and is expected to reach a valuation of $7.8 billion by 2027 growing at a CAGR of 15.6% during 2022-2027. A video surveillance system controls multiple sources of video subsystems in a facility to collect, manage, and present video in a clear and concise manner. Rapid economic growth, rising crime rates, and government legislation coupled with technological advancements in the fields of video analytics, image processing, deep learning, and remote live viewing of events are some of the main factors that are driving the growth of this market. The massive amount of surveillance data from multiple sources has resulted in the widespread adoption of Video Management Software which enables users to perform multiple functions such as motion detection, audio recording, and license plate detection. Widespread deployment of digital video recorders, CCTV, Internet Protocol Cameras, and various other types of su...