Europe Video Surveillance As A Service Market (VSaaS) is segmented by type (analog and IP-based), by components (hardware, software, and services), by End-user (residential, retail, business organizations, transportation, government buildings, hospitality, industrial, stadiums, and healthcare organizations), and by geography (Germany, U.K., France, Italy, Spain, and Rest of Europe) – is expected to reach US$ 27.32 Bn by 2026, at a CAGR of 15.29%.
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.
A rise inclination of end-users is observed for IP-systems as compared to the analog systems
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 $75.06 billion by 2026. Because of all these factors, the market certainly looks promising.
UK leads in the rate of adoption of Internet Protocol in small and medium-size businesses
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.
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers such as 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.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Europe video surveillance as a service (VSaaS) market. Report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for making informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Europe video surveillance as a service (VSaaS) market. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain Europe video surveillance as a service (VSaaS) market positioning of competitors.
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