"Smart Strategies, Giving Speed to your Growth Trajectory"

VSaaS Market Size, Share & COVID-19 Impact Analysis, By End-user (Commercial, Industrial, Government, Defense and Public Sector, and Residential) and Regional Forecast, 2022-2029

Last Updated: April 29, 2024 | Format: PDF | Report ID: FBI106923



Play Audio Listen to Audio Version

The global VSaaS market size was valued at USD 3.54 billion in 2021 and is projected to grow from USD 4.09 billion in 2022 to USD 13.16 billion by 2029, exhibiting a CAGR of 18.2% during the forecast period (2022-2029). North America accounted for a market value of USD 1.44 billion in 2021. Based on our analysis, the global video surveillance as a service market exhibited an average growth of 14.1% in 2020 as compared to 2019.

In our market study, we have considered various VSaaS solutions offered by the market players such as Honeywell International Inc.’s MAXPRO Cloud, Genetec Inc.’s Stratocast, and Motorola Solutions Inc.’s Avigilon Cloud Services (ACS) platform, among others. In addition, our study also covers Eagle Eye Networks Inc.’s Eagle Eye Cloud VMS and Alarm.com’s OpenEye Cloud-based Video Surveillance. The global video surveillance as a service market exhibited an average growth of 14.1% in 2020 as compared to 2019.  

The global VSaaS market growth can be attributed to several factors such as the rising adoption of cloud and analytics across enterprises. In addition, the surge in demand for high-resolution cameras and increased demand for security solutions create ample opportunities for market growth.


COVID-19 to Create Unprecedented Opportunities for Market Players for Long-term

The COVID-19 pandemic has majorly affected the electronics and semiconductor industry. Several manufacturing units and businesses across nations were closed due to social distancing measures. In addition, travel and international trade restrictions decreased the overall sales of the products. Furthermore, the lockdown disrupted the global supply chains, which significantly impacted the sales of video surveillance cameras for a short time.

However, the need to track operations at COVID-19 wards and hospitals, as well as avoid vaccine fraud, increased the adoption of cloud-based surveillance cameras at healthcare organizations. Cloud-based systems send motion detection alerts to the user’s smartphone or tablet, and enable easy installation and deployment of video surveillance systems compared to conventional surveillance cameras. Thus, the COVID-19 pandemic accelerated the cloud-based video surveillance installation.

Whereas, the surge in adoption of cloud across industries, such as healthcare, manufacturing, IT & telecom, BFSI, and public sector, among others, creates new market opportunities for cloud-based video surveillance systems. For instance, according to the Accenture Digital Health Technology Vision 2021 report, 66% of healthcare professionals plan to shift their technology infrastructures in the cloud by 2022 and 96% by 2024.    

The increased innovation and integration of technologies across surveillance systems to detect and monitor crowded areas during the pandemic is anticipated to fuel VSaaS market growth in the coming years. For instance,

  • August 2021 - Ava Security introduced its Cloud Connector to transform video surveillance solutions to the cloud. This enables Ava's security and advanced analytics to existing surveillance cameras by incorporating the Aware Cloud platform.

Thus, such active efforts by prominent market players are likely to propel market growth in the coming years.


Request a Free sample to learn more about this report.

Growing Adoption of 5G Networks and HD Cameras Acts as a Key Trend

5G deployments help to modernize video surveillance systems, as well as process data in real-time, move the system to the cloud, and enable continuous video streaming. The adoption of 5G will lead to the adoption of VSaaS due to secure connections, high-speed networks, and low latency. For instance,

  • In October 2021, Vodafone Idea, and Larsen & Turbo teamed up to test smart city solutions using 5G. The solution is based on image AI and the Internet of Things technology. It uses a smart city platform called 'Fusion' by L&T for testing 5G networks in smart cities, which will help address safety, security, and urbanization challenges.

Similarly, high-resolution videos help identify and analyze objects/people in the crowd, trigger an alarm when certain conditions are met, filter and search for videos, and get more accurate information from video metadata. The introduction of high-resolution cameras integrated with advanced capabilities by key players is likely to propel the market in the coming years. For example,

  • In September 2020, Amazon.com, Inc. introduced the Blink outdoor and indoor HD wireless security cameras in the U.S. and Canada. These cameras offer IR night vision, 1080p HD video resolution, longer battery life, and two-way audio. Thus, HD videos will help monitor home security closely with clear pixels, which is expected to bolster the market growth.


Rise of the ‘As-a-Service’ Business Model to Fuel the Market Growth

The increasing adoption of the cloud among enterprises is anticipated to create demand for VSaaS. In addition, the demand for public cloud application services is increasing due to a surge in cloud regions and applications. For instance,

  • August 2022 – Google LLC planned to develop three cloud regions across New Zealand, Thailand, and Malaysia in Asia Pacific. The surge in demand for cloud services locally drives the cloud region expansion across the countries.

Similarly, organizations are mainly adopting the as-a-service (aaS) model, allowing users to customize the solution per their needs. The aaS model offers cost-effective, on-demand, and scalable solutions, which enterprises don’t need to own. Due to the flexible scalability offered by VSaaS, it responds quickly to changing market conditions and maximizes the benefits of advanced analytics with updated or new products and services to improve operations.

The as-a-service approach helps customers to reduce the capital expenditure required for hardware storage by delivering cloud services under the operating expenses framework. In this model, vendors offer services on a subscription basis, eliminating the need for on-premise servers or recorders for video surveillance systems. Similarly, it allows organizations to install and manage video surveillance systems without time-consuming and complex network configurations. These factors are expected to surge the demand for VSaaS systems.


Increasing Cybercrime in Cloud Hinders the Market Growth

The rising data breaches and cybercrimes across the Internet of Things (IoT) devices, smartphones, and video surveillance or CCTV cameras restrict the market growth. The increasing privacy concerns about protecting video data from hackers and cybercriminals are expected to hinder the adoption of cloud-based video surveillance.

The high risk of misuse of video data stored in the public cloud and growing data breaches restrict organizations from storing video footage on the cloud. Networked video surveillance systems are more vulnerable to cyberattacks, and hackers create Distributed Denial of Service (DDoS) attacks on targeted systems.

For instance, in 2021, according to a Cloud Security Alliance, 58% of respondents stated network security is the major concern for cloud adoption in their organization.

  • March 2021- Verkada Inc., a data breach exposed the content from 150,000 cameras across hospitals, companies, schools, prisons, and police departments. This data breaching activity exposed the video footage of major industry players such as Florida hospital Halifax Health, Cloudflare Inc., and Tesla Inc. Thus, data breaches and cybercrimes are expected to hinder the market growth.


By End-user Analysis

To know how our report can help streamline your business, Speak to Analyst

Commercial Users to Create Demand for VSaaS in the Coming Years

In terms of end-user, the VSaaS market is classified into commercial, industrial, government, defense and public sector, and residential.

The commercial segment held the largest share in 2021 and is anticipated to grow with the highest CAGR during the projection period. The commercial segment growth is attributed to the growing adoption of VSaaS in hospitality centers, retail, warehouses, bank and financial institutions, and others.

VSaaS helps to improve security and reduce thefts across commercial sectors. In addition, video surveillance as a service solutions gained traction across banks & financial institutions as it enables monitoring security at ATMs. The increased demand for safety and security in public places surged the implementation of video surveillance cameras across traffic signals, homes and buildings, and tourist places.


North America VSaaS Market Size, 2021 (USD Billion)

To get more information on the regional analysis of this market, Request a Free sample

Geographically, the market is divided into five major regions such as North America, South America, Europe, the Middle East & Africa, and Asia Pacific.

North America is likely to hold the maximum VSaaS market share throughout the projected period. It is expected to generate the most cloud traffic among other regions. According to IDC, the U.S. will be the most significant public cloud services market by 2023, accounting for more than half of all global public cloud spending.

The rising adoption of smart home security cameras across the U.S. and Canada will likely increase the demand for video surveillance as-a-service in the coming years. For instance,

  • May 2020 – Mexico City completed the implementation of surveillance cameras with Eagle Eye Networks as part of a cloud surveillance project.

The Europe video surveillance as a service market is expected to gain traction in the coming years. The Cloud First strategy of the U.K. government has been an effective technology program and a key feature in the Technology Code of Practice; it may contribute to the adoption rate of cloud-based surveillance systems in Europe.

  • April 2022 – Reolink, an innovative home security solution provider, launched cloud services across the U.K. and European countries. Reolink customers in Germany, Britain, France, Portugal, Spain, Italy, and other European countries enable to connect the Argus series, Duo series, Lumus, E1 series, and Go series cameras through their cloud accounts for uploading video when the camera detects motion.

Asia Pacific is projected to show exponential growth during the projection period. Developing nations in the region, such as India, are making significant advancements toward digitization and facilitating robust video solutions for national border security and defense services. Similarly, a rise in investment in countries, including Southeast Asia, South Korea, Oceania, and others to build cloud infrastructure and bring digital transformation across the country is likely to fuel the adoption of VSaaS. For instance,

  • March 2022 – Alibaba Cloud launched a data center in South Korea to support digital transformation. The data center availability gives South Korean businesses and SMBs full access to the range of cloud solutions provided by Alibaba Cloud.

The video surveillance as-a-service will gain demand across the Middle East & Africa, owing to increased partnerships, business expansions, and collaborations. Similarly,

  • August 2022 – Dallmeier expanded its business in Turkey, Dallmeier Türkiye. Alsancak Stadium, Istanbul Airport, and the Merit Hotel & Casino Group installed the video surveillance technology offered by Dallmeier.

To know how our report can help streamline your business, Speak to Analyst

South America is expected to show moderate growth during the forecast period owing to investment by government and high-tech companies to improve IT & telecommunication and the growing adoption of technologies such as AI, Cloud, and 5G.


Market Players to Drive Merger and Acquisition Strategies to Expand the Shares

Prominent players operating in the VSaaS market are focusing on expanding their global presence and market share through the merger and acquisition strategy. These companies are aiming to acquire small and local firms to expand their business presence.

List of the Key Companies Profiled in VSaaS Market:


  • July 2022 - Arcules partnered with Canon Marketing Japan. Through this partnership, Canon will distribute Arcules as a hybrid VSaaS in Japan.

  • March 2022 - Eagle Eye Networks launched a new functionality, Eagle Eye Smart Video Search. It enables users to search across all cameras and quickly find and share video clips they are searching for.

  • October 2021 – Genetec Inc. partnered with TELUS to streamline video surveillance for SMBs in Canada. The collaboration offers TELUS security cameras integrated with Genetec subscription-based cloud video management solution, Stratocast. It enables Canadian businesses to monitor the security of businesses efficiently from anywhere and eliminate the cost of video recording hardware.

  • September 2021 – Genetec Inc. implemented its cloud-based video monitoring solution and security center platform, Stratocast, as part of a public-private initiative in the city of Chattanooga. The solution enables participating businesses to connect their surveillance cameras with the Chattanooga Police Department’s Intelligence Center for better public safety.

  • February 2021 – Honeywell International Inc. expanded the capabilities of the MAXPRO Cloud portfolio with the launch of access control panels, MPA1 and MPA2 that provide web-based, cloud, and on-premise deployment options. The MPA1 and MPA2 control panels strengthened the MAXPRO Cloud offering by providing customers with real-time security and cost-effective access control panels from anywhere.

  • April 2020 - Robert Bosch introduced INTEOX, the smart camera platform in response to increasing demand from the safety and security industry. The platform offers in-built intelligent video analytics solutions and it can be customized as per the user.


An Infographic Representation of VSaaS Market

To get information on various segments, share your queries with us

The VSaaS market research report provides a detailed analysis of the market. It focuses on key aspects such as leading companies, software types, and leading applications of the software and services. Besides this, the report offers insights into the market trends and highlights key industry developments. In addition to the aforementioned factors, the report encompasses several factors that have contributed to the growth of the market in recent years.




Study Period


Base Year


Estimated Year


Forecast Period


Historical Period



Value (USD Billion)


By End-user and Geography

By End-user

  • Commercial

  • Industrial

  • Government, Defense and Public Sector

  • Residential

By Region

  • North America (End-user, Country)

    • U.S. (By End-user)

    • Canada (By End-user)

    • Mexico (By End-user)

  • Europe (End-user, Country)

    • U.K. (By End-user)

    • Germany (By End-user)

    • Italy (By End-user)

    • France (By End-user)

    • Russia (By End-user)

    • Spain (By End-user)

    • Benelux (By End-user)

    • Nordics (By End-user)

    • Rest of Europe

  • Asia Pacific (End-user, Country)

    • China (By End-user)

    • Japan (By End-user)

    • India (By End-user)

    • South Korea (By End-user)

    • ASEAN (By End-user)

    • Oceania (By End-user)

    • Rest of Asia Pacific

  • Middle East & Africa (End-user, Country))

    • Turkey (By End-user)

    • GCC (By End-user)

    • Israel (By End-user)

    • North Africa (By End-user)

    • South Africa (By End-user)

    • Rest of the Middle East & Africa

  • South America (End-user, Country)

    • Brazil (By End-user)

    • Argentina (By End-user)

    • Rest of South America

Frequently Asked Questions

The market is projected to reach USD 13.16 billion by 2029.

In 2021, the market value stood at USD 3.54 billion.

The market is projected to grow at a CAGR of 18.2%.

The commercial user of video surveillance as a service solution is likely to lead the market.

The increasing demand for ‘as-a-service’ business model will drive the market.

Canon Inc., Honeywell International Inc., ADT Inc., Motorola Solutions Inc., Robert Bosch GmbH, Alarm.com, Johnson Controls International Plc., Arcules Inc., Genetec Inc., and Eagle Eye Networks Inc. are the top players in the global market.

North America is expected to hold the highest market share.

Asia Pacific is expected to exhibit the highest growth rate during the forecast period.

Seeking Comprehensive Intelligence on Different Markets?
Get in Touch with Our Experts

Speak to an Expert
  • 2018-2029
  • 2021
  • 2018-2020
  • 140

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Information & Technology Clients

Bain & Company
Go daddy

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.