The video surveillance market, which includes VSaaS, is expected to reach $42.81 billion by 2019, growing at a compound annual growth rate (CAGR) of 19.1% from 2013 to 2019, according to a report from Transparency Market Research.
Researchers expect surveillance cameras to increase around 46% by 2019 and attribute the anticipated growth to the rising popularity of IP-based video surveillance cameras that offer better video quality and come with in-built recorders.
The transportation market, which encompasses city surveillance, public transits and highways, is the largest segment among end user application areas. Other important application areas for video surveillance and VSaaS include residential, retail, hospitality, stadiums, and healthcare.
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