IMS Research have released the latest “The World Market for Video Surveillance as a Service” report. This latest VSaaS overview estimates that the world market for branded video surveillance as a service was worth over $500 million in 2011.
The Video Surveillance as a Service market is being driven by users wishing to improve the functionality of their existing video surveillance solutions. The global market is also growing rapidly and looks set to progress much more quickly from 2012.
IMS forecasts that the small-to-medium size business (SMB) market will be the fastest growing end user market for Video Surveillance as a Service solutions. The consolidation of video equipment and surveillance over multiple sites and providing remote access data, integration of business applications such as point of sale and cloud based video surveillance will all be strong drivers in this area.
Sam Grinter, Market Analyst with IMS Research comments that “Growth in the Video Surveillance as a Service market is a result of increasing demand from consumer, small-to-medium businesses, and government end users”.
NW Systems Group Limited receive regular reports from IMS including the annual report “The World Market for Video Surveillance as a Service”. As a business, NW Systems Group Limited provides a variety of IP camera and video solutions to customers throughout the UK and worldwide.
NW Systems Group provides Video Surveillance as a Service (VSaaS) through its SecurityStation platform.
IMS Research VSaaS press release.