The idea of high-tech video surveillance and VSaaS has only been witnessed by most of us in movies, where detectives use it to solve mysteries and crimes. However, in the past decade, the global video surveillance and VSaaS market has made the fictional security an absolute reality by offering a plethora of products for various purposes.
The video surveillance market is expected to grow at a CAGR of 18.1% from 2014 to 2020 due to increasing awareness of safety and security concerns, desperate need for traffic surveillance, improving theft prevention techniques, and increasing pressure from local governments for various reasons. On the other hand, the video surveillance-as-a-service (VSaaS) market is expected to grow at a CAGR of 32.0% in this period, as the need for storing vast amounts of content is eliminated with this system. The convenience VSaaS offers is the primary driver for key players to opt for cloud-based services.
Browse Market Research Report of Video Surveillance and VSaaS Market: http://www.transparencymarketresearch.com/video-surveillance-vsaas-market.html
Smart Surveillance Systems to Define Growth of Global Video Surveillance and VSaaS Market
In modern times, security threats, both internal and external, have become serious issues for nations across the globe. To thwart these dangerous threats, Abeo Technical Services has devised Automated Warning and Response Engine (AWARE), a mechanism that gives an entire view of the street or respective area. It also allows users to zoom into a particular area or zoom out to get a bird’s eye view. This software has been designed to eliminate the possibility of human error in analyzing threats, as it has been coded to do the task by itself.
AWARE is perfectly capable of detecting dangerous situations such as smoke, flashing lights, cross-check illegal parking, and other such things, without any human intervention. This smart security system is not limited to video cameras, but can also be linked to sensors such as explosive sniffers, radar motion sensors, or radiation detectors. AWARE can also be used for recognizing license plates, facial recognition, and other security-related data that might be fed into it. This next-generation video surveillance system uses such events or combinations thereof to trigger an alarm to avert threats. Such incredible leaps in design and functionality of video surveillance equipment are expected to boost the global video surveillance and VSaaS market in the coming few years.
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Asia Pacific to Grow at a CAGR of 22.2% in Next Five Years
The North America video surveillance and VSaaS market held a share of about 34% in the global market in 2013. However, analysts at Transparency Market Research predict that the global video surveillance and VSaaS market will grow at a CAGR of 22.2% in Asia Pacific. This growth will mainly be driven by increasing investments in security infrastructure. The main countries contributing to growth of this market in the Asia Pacific region with be India, China, Japan, Thailand, and South Korea.