EUROPE VIDEO SURVEILLANCE AS A SERVICE (VSAAS) MARKET FORECAST 2019-2027

EUROPE VIDEO SURVEILLANCE AS A SERVICE (VSAAS) MARKET FORECAST 2019-2027

  • November 2018 •
  • Report ID: 4976568
KEY FINDINGS
The Europe video surveillance market is anticipated to grow at a CAGR of 19.02% during the forecast period. The total revenue generated by the market is expected to rise from $ xx million in 2018 to $ xx million by the end of 2027. However, expanding business across different European countries is still proving problematic for several retailers due to the complex and restrictive nature of security product certification in some of the European countries.

MARKET INSIGHTS
The European video surveillance market can be categorized on the basis of its application, service, and type.The market finds its application in residential, industrial as well as commercial sectors.

The commercial sector is expected to hold the largest share in the market as retailers are establishing security technologies, such as electronic article surveillance systems, radio frequency identification systems, and video surveillance systems for the protection of their assets.
Similarly, on the basis of the service, the hosted service market held the highest share in 2018 as compared to the hybrid service and the managed service.By type, an increasing inclination of end-users is observed for IP-systems as compared to the analog systems.

The IP-based system market is expected to grow during the forecast period and generate substantial revenue.Because of all these factors, the market certainly looks promising.

However, factors inhibiting the market growth include the lack of awareness among end-users, integration issues, privacy and security concerns and the asymmetric internet speed connections.

COMPETITIVE INSIGHTS
Some of the major players in the Vsaas market are ADT Security Corporation, Cisco Systems, Honeywell Security Group, Axis Communications Ab, Verint Systems Inc., Genetec Inc., Neovsp, Envysion Inc., Bosch Security Systems, Mobotix Ag, Indigo vision Ltd and others.

Companies mentioned
1. ADT SECURITY SERVICES
2. AXIS COMMUNICATIONS AB
3. BOSCH SECURITY SYSTEM
4. CISCO SYSTEMS
5. CLOUDASTRUCTURE INC.
6. CONTROLBYNET
7. DURANC
8. ENVYSION
9. GENETEC INC.
10. HONEYWELL SECURITY GROUP
11. INDIGOVISION LTD
12. IVIDEON
13. MOBOTIX AG
14. NEOVSP
15. PACIFIC CONTROLS
16. VERINT SYSTEMS INC.