Europe Video Surveillance As A Service Market (VSaaS)

Posted by geeta narwade on September 2nd, 2019

Europe Video Surveillance As A Service Market (VSaaS) was valued US$ 8.85 Bn in 2017 and is expected to reach US$ 27.32 Bn by 2026, at a CAGR of 15.29% during a forecast period.

The Europe video surveillance as a service (VSaaS) market is segmented into type, components, End-user, and region. Based on type, the Europe video surveillance as a service (VSaaS) market is divided into analog and IP-based. On the basis of components, Europe video surveillance as a service (VSaaS) market is categorized into hardware, software, and services. In terms of End-user, the Europe video surveillance as a service (VSaaS) market is classified into residential, retail, business organizations, transportation, government buildings, hospitality, industrial, stadiums, and healthcare organizations. Europe video surveillance as a service (VSaaS) market is segmented by Germany, U.K., France, Italy, Spain, and Rest of Europe.

A rise in wireless IP surveillance and the development of video analytics and intelligent video surveillance are some of the trends driving the market. The complex and restrictive nature of security product certification in some of the European region is proving challenging for the market to expand in Europe. Regardless, the market is showing steady progress and is projected to flourish during the forecast period.

However, lack of awareness, privacy concerns, and hacking are some of the factors that have curtailed the adoption of VSaaS. Lack of technological awareness among the population and uncertainty in the government regulations is hampering the market growth to a certain extent.

Europe Video Surveillance As A Service Market (VSaaS)

In terms of type, a rise inclination of end-users is observed for IP-systems as compared to the analog systems. The IP-based system market is anticipated to grow at a CAGR of 19.23% during the forecast period and generate a revenue of .06 billion by 2026. Because of all these factors, the market certainly looks promising.

In terms of region, UK leads in the rate of adoption of Internet Protocol in small and medium-size businesses. As the small businesses are showing interest in IP technology in the UK, it is expected that the UK would experience a healthy increase in adoption for VSaaS.

Some of the key players in the Europe video surveillance as a service (VSaaS) market are Cisco Systems, Verint Systems Inc., Mobotix Ag, Axis Communications Ab, Neovsp, Envysion Inc., ADT Security Corporation, Bosch Security Systems, Honeywell Security Group, Genetec Inc., Indigo vision Ltd and others.

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Scope of the Europe Video Surveillance As A Service (VSaaS) Market

Europe Video Surveillance As A Service (VSaaS) Market by Type

• Analog

• IP-based

Europe Video Surveillance As A Service (VSaaS) Market by Components

• Hardware

• Software

• Services

Europe Video Surveillance As A Service (VSaaS) Market by End-User

• Residential

• Retail

• Business Organizations

• Transportation

• Government Buildings

• Hospitality

• Industrial

• Stadiums

• Healthcare Organizations

Europe Video Surveillance As A Service (VSaaS) Market by Geography

• North America

• Europe

• Asia-Pacific

• Middle East & Africa

• South America

Key Players operating in the Europe Video Surveillance As A Service (VSaaS) Market

• Cisco Systems

• Verint Systems Inc.

• Mobotix Ag

• Axis Communications Ab

• Neovsp

• Envysion Inc.

• ADT Security Corporation

• Bosch Security Systems

• Honeywell Security Group

• Genetec Inc.

• Indigo vision Ltd

 This Report Is Submitted By @maximize market research

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