The global VSaaS market is expected to be valued at USD 5.0 billion in 2024 and is projected to reach USD 10.7 billion by 2029; it is expected to grow at a CAGR of 16.1% from 2024 to 2029. Product launches, acquisitions, collaborations, partnerships, agreements, and expansions are the major growth strategies the market players adopt. These strategies have enabled them to efficiently fulfill the growing demand for VSaaS from different verticals and expand their global footprint by offering their products in all the major regions.
Key players operating in
the VSaaS market are ADT (US), Johnson Controls (Ireland), Axis Communication
AB (Sweden), Motorola Solutions, Inc. (US), Securitas AB (Sweden), Honeywell
International Inc (US), Robert Bosch GmbH (Germany), Alarm.com (US), Hangzhou
Hikvision Digital Technology Co., Ltd. (China), Arcules Inc (US), Duranc (US),
Eagle Eye Networks (US), Genetec Inc (Canada), Pacific Controls (UAE), Camcloud
(Canada), Arlo (US), Mobotix (Germany), Morphean (Switzerland), Verkada Inc
(US), Vivint, Inc. (US), Camiolog, Inc. (US), Ivideon (US), Ironyun USA, Inc.
(US), Solink Corp. (Canada), and 3DEYE (Canada).
ADT (US)
ADT provides automation,
security, and smart home solutions to business customers and consumers across
the US. The company offers professional monitoring services and
lifestyle-driven solutions via professionally installed, do-it-yourself (DIY),
mobile, and digital-based offerings for consumers, small businesses, and larger
commercial customers. ADT’s products and services include interactive and smart
home solutions, allowing customers to monitor and manage their residential and
commercial environments remotely. The company offers several video surveillance
solutions to meet the needs of customers. ADT Commercial digital video
solutions offer standard and advanced high-definition IP video security
cameras, NVRs (Network Video Recorders), and enterprise-level servers to record
and manage video operations. With remote web management and viewing, users can
access real-time and recorded video to help make security decisions anytime and
from anywhere.
Johnson Controls
(Ireland)
Johnson Controls is a
global leader in intelligent, healthy, and sustainable buildings, serving a
range of customers in over 150 countries. The company is a worldwide leader in
engineering, manufacturing, and commissioning building products and systems. This
includes residential & commercial HVAC (Heating, Ventilation, and Air
Conditioning) equipment, industrial refrigeration systems, security systems,
fire detection systems, and fire suppression solutions. It also serves
customers by providing technical services, including maintenance, repair,
retrofit, and replacement of equipment (in the HVAC, industrial refrigeration,
security, and fire-protection space) and energy-management consulting. Johnson
Controls offers VSaaS solutions to address security issues in a new and
effective way by using interactive video and optional audio capabilities.
Several tailored and managed video solutions, such as video and audio alarm
verification, video assistance, and video escort assistance, are also offered.
It provides cloud security services for businesses. Tyco Cloud VMS, a
cost-effective solution, offers unlimited flexibility for cloud recording in a
simple interface.
Axis Communications AB
(Sweden)
Axis Communications AB
is one of the market leaders in developing and marketing video surveillance and
access control solutions. The company has over 90,000 partners in 179 countries
across the Americas, Europe, Asia, the Middle East, and Africa. It continuously
develops and launches innovative network products to retain its position as one
of the market leaders in network and surveillance cameras. Its product
portfolio comprises network cameras, intercoms, access controls, wearables,
video recorders, workstations, and system devices. These products are targeted
for applications across various industries, including industrial, banking &
finance, public transport, retail, smart cities, commercial real estate, cargo
and logistics, education, and healthcare.
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Axis Communications AB
offers a video management system (VMS), AXIS Companion, a flexible and reliable
recording solution that provides effortless control from anywhere. AXIS
Companion includes real-time alert notifications informing users of suspicious activity.
It can be customized to suit the users’ needs.
Motorola Solutions, Inc.
(US)
Motorola Solutions, Inc.
provides communication infrastructure, accessories, devices, software, and
services. It operates through the following segments: Products and Systems
Integration and Software and Services. The Products and Systems Integration segment
offers a portfolio of infrastructure, devices, accessories, and video security
devices, as well as the implementation and integration of such systems,
devices, and applications. The Software and Services segment provides a range
of solution offerings, including public safety and enterprise Command Center
Software, unified communications applications, and video software solutions.
In March 2018, Motorola
Solutions, Inc. acquired Avigilon, a leading designer and manufacturer of video
analytics, network video management software and hardware, surveillance
cameras, and access control solutions. Avigilon provides video surveillance solutions
across various applications such as agriculture, airports, education, banking,
gaming, mining, government, healthcare, oil & gas, ports, retail, stadiums,
and utilities. Avigilon manufactures various video surveillance products,
including video management software, cameras, access control, and video
analytics. Avigilon operates under Motorola Solutions, Inc.'s product and
system integration segment.
Securitas AB (Sweden)
Securitas AB is one of
the top VSaaS firms that serve a range of customers in various industry
segments. The company operates under four segments: Securitas North America,
Securitas Europe, Securitas Ibero-America, and Others. Its service portfolio
comprises security guarding, remote video solutions, aviation security,
electronic security, fire & safety, enterprise risk management, intelligent
security, and home alarms. It offers these services to cater to various
applications and industry verticals, including aviation, construction, critical
infrastructure, data centers, industry/manufacturing, maritime, offices,
retail, residential, and small & medium enterprises. It operates in 47
markets and has 1,300 branch offices. It has a strong operational presence
across the US, Canada, Mexico, Germany, France, Sweden, Belgium, the
Netherlands, the UK, Spain, Argentina, Australia, China, India, Saudi Arabia,
the UAE, and Vietnam.
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