6wresearch logo

India Video Surveillance as a Service (VSaaS) Market (2017-2023)-6Wresearch

June 20, 2017

Video Surveillance as a Service (VSaaS) is gaining huge adoption across all the major vertical markets in India, attributed to surge in criminal activities and rising security concerns. The cost effectiveness coupled with remote access of videos via laptop, tablet and smartphones are contributing towards the acceptance of VSaaS in the country. Further, improving internet penetration is complementing the growth of VSaaS market in the country.

According to 6Wresearch, India VSaaS market is projected to grow at a CAGR of 22% during 2017-2023; Managed VSaaS segment captured majority of the market share in 2016, however, with rising adoption of cloud services, hosted VSaaS segment is expected to exhibit highest growth during the forecast period. Further, the government & transportation vertical held highest VSaaS market share followed by the retail and commercial segments.

According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, "With growing internet penetration in India, the country is witnessing a shift towards VSaaS rather than traditional video surveillance (in terms of hardware). VSaaS eliminates the need for hardware such as NVR, DVR, at customers end, also the maintenance is done at service provider's end. The factors like ease of use, cost effectiveness along with mobility i.e. remote access to video streams are accelerating the VSaaS market growth in India."

"Owing to economical factor and convenience, VSaaS is considered ideal for small & medium businesses and companies with multiple locations who want central management and a shift from capital expenditure to monthly operating expenditures. Additionally, growing organized retail formats in India are posing huge opportunities in VSaaS market," Samuel further added.

According to Suman Gautam (Research Associate, 6Wresearch-India Electronics Division), "Government initiatives such as smart city projects are contributing to the growth of this market. To ensure the safety of people and property, various state governments have mandated to install surveillance systems at public places such as bus stands, railway stations and even at places of worship. Moreover, growing cases of vandalism, theft, terrorist attacks have catalyzed the need for surveillance systems in India."

"Apart from security aspects, the emerging technologies such as artificial intelligence, video analytics are expected to take video surveillance beyond traditional uses. In the retail segment, behavioral pattern analysis of customers, optimization of shop floor plans, merchandise display strategies etc. via data mining of videos generated are expected to be the upcoming VSaaS trends," Suman concluded..

The major companies in India VSaaS market include- Axis Communications, Bosch Security Systems, Hikvision, Honeywell and Cisco.

India Video Surveillance as a Service Market (2015-2023F) report provides in-depth analysis with 33 figures and 10 tables covered in 110 pages. The report estimates and forecast the overall India video surveillance as a service market by Revenues, Service Types, Regions and Verticals such as retail, commercial, transportation & government and hospitality & healthcare. The report also offer insights on competitive landscape, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Open PR

      Browse More Report

Saudi Arabia Biometrics Market (2018-2024)

Market Forecast By Technology (Fingerprint, Facial, Iris, Hand/Palm, Multimodal, Voice, Vein and Other Biometrics), By Applications (Time & Attendance, Access control and Record Keeping), By Verticals (Government & Transportation, Healthcare & Hospitality, Commercial Office...

Read More

India Cable Tray Market (2018-2024)

Market Forecast By Material (Aluminium, Steel, Stainless Steel and FRP including Fiber Reinforced Palastic), By Types (Ladder, Solid Bottom, Trough & Perforated, Channel, Wire Mesh and Single Rail), By Thickness (Below 1.5 mm, 1.5 - 2.5 mm and Above 2.5 mm)...

Read More

Saudi Arabia Thermostats, Valves & Actuators and Damper Actuators Market (2014-2024)

Market Forecast By Thermostats (By Types (Standalone and Communicating), By Technology (Wired and Wireless)), By Valves & Actuators (Multi-Turn (Ball Valves, Butterfly Valves, Plug Valves, Spherical Valves and Others), Quarter-Turn (Gate Valves, Globe Valves...

Read More

Sudan & South Sudan Air Conditioner Market (2018-2024)

Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller and Others)), By Applications...

Read More

Iraq Air Conditioner Market (2018-2024)

Market Forecast By Product Type ( Room AC ( Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller and Others)), By Applications...

Read More

Ethiopia Air Conditioner Market (2018-2024)

Market Forecast By Product Type (Room AC (Window and Split), Ducted AC (Ceiling Concealed and Packaged), Ductless AC (Suspended, Floor Standing and Cassette), Centralized AC (VRF, AHU/FCU, Condensing Unit, Chiller and Others)), By Applications...

Read More

Indonesia 1,000 kVA - 2,500 kVA High Speed Gas Genset Market (2018-2024)

Market Forecast By Types (Standby Power and Continuous/Prime Power), By KVA Rating (1,000 kVA to 1,500 kVA and 1,500.1 kVA to 2,500 kVA), By Applications (Industrial, Commercial, Agriculture and Oil & Gas), By Regions (Java-Bali, Sumatra, Kalimantan, Sulawesi...

Read More

Global Water Mist Fire Protection Systems Market (2018-2024)

Market Forecast By Pressure (Low Pressure (< 12.1 bar), Intermediate Pressure (12.1 - 35 bar) and High Pressure (> 35 bar), By Types (Wet Pipe, Dry Pipe, Deluge and Pre-Action), By Applications (Residential, Commercial, Transportation Infrastructure, Data Center...

Read More

Indonesia High Speed Diesel Genset Market (2018-2024)

Market Forecast By kVA Rating (5 kVA-500 kVA, 501 kVA-1000 kVA and 1001 kVA-3000 kVA), By Types (Standby and Continuous/Prime), By Applications (Commercial, Residential, Industrial, Critical Applications, Infrastructure, Agriculture, Power Utilities and Others), By Regions...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events