Video Surveillance And VSaaS Market 2030: The Rise of AI-Driven Solutions
The global video surveillance and Video Surveillance-as-a-Service (VSaaS) market was valued at USD 64.61 billion in 2023 and is projected to reach USD 148.68 billion by 2030, expanding at a compound annual growth rate (CAGR) of 12.5% from 2024 to 2030. This growth is largely driven by rising security concerns across various sectors such as healthcare, transportation, and retail, along with rapid urbanization that demands enhanced security infrastructure. The flexibility and scalability of VSaaS enable organizations to easily expand or reduce their surveillance capabilities based on evolving needs. The cloud-based nature of VSaaS facilitates remote access to surveillance footage, significantly enhancing monitoring capabilities. Additionally, the integration of analytics and artificial intelligence (AI)-including facial recognition, object detection, and more-continues to improve the functionality and value of these solutions. VSaaS is one of the fastest-growing segments within the vi...