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The Global VSaaS market is expected to reach $6.02 billion by 2026 growing at a CAGR of 18.0% from 2019 to 2026. Video surveillance as a service (VSaaS) refers to the provision of remote monitoring and video management services in exchange for a timely fee.
The service typically includes video recording, storage, remote viewing, management alerts, and cybersecurity. The video processing and management are performed offsite using the cloud, though the VSaaS system may have a simple onsite device to communicate with the cameras and the cloud, acting as a communications conduit.
Factors such as increasing demand for real-time surveillance data, declining prices of I.P. cameras and constant technological advancements in the field of cameras, storage, and IP networks are driving the growth of the market. However, lack of awareness among users and concerns related to information security are restraining the growth of the market.