A new market research study published by Transparency Market Research covers the global video surveillance and VSaaS systems market. The report predicts huge growth prospects for the market in the near future owing to a general rise in safety, security, and theft concerns in the current scenario. The report states that the market will develop at a healthy 18.1% CAGR between 2014 and 2020, rising from a valuation of US$14.98 billion in 2013 to US$48.32 billion by 2020.

The report is titled ?Video Surveillance and VSaaS Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020? and is available on the company?s website for sale.Of the two key segments of the global video surveillance and VSaaS market, hardware and software, the segment of hardware dominated the market with 87% market share in 2013. In the hardware section, the sub-segment of video cameras held the largest share of the market, which accounted for nearly 34% in 2013.

The market segment of IP-based video surveillance is expected to grow at a 23.3% CAGR over the report?s forecast period. The need for surveillance cameras with efficient video quality is expected to be the key factor fuelling the growth prospects of the IP-based video surveillance market.

The report states that the market is observing a huge surge in demand for video analytics and surveillance solutions.Of the key end-use applications studied for the global video surveillance and VSaaS market, the report states that the transportation segment, comprising public transits, city surveillance, and highways, accounted for nearly 15% of the market in 2013. Other important end-use application segments analyzed in the report include residential, hospitality, healthcare, stadiums, and retail.

Of the various regional markets for video surveillance and VSaaS studied in the report, the market segment of North America led the overall market, accounting for nearly 34% market shares in 2013. Over the report?s forecast period, the market segment of Asia Pacific is expected to develop at the fastest pace, at a CAGR of 22.2%, states the report.

The report states that the global video surveillance and VSaaS market is a highly dynamic market and has observed a good number of partnerships and business acquisitions in the last few years. The market has also observed huge investments in the field of product development, with the advent of new, technologically advanced products at a swift pace.

The report presents the detailed business profiles of some of the key players in the market, analyzed on the basis of aspects such as company overview, product portfolio, finance overview, recent developments, business strategies, and SWOT analysis. Profiles of companies, including Hikvision Digital Technology Co., Ltd., Panasonic System Networks Co. Ltd., Zhejiang Dahua Technology Co. Ltd., Agent Video Intelligence, Axis Communications AB, Geovision, Inc., Canon, Inc., Cisco Systems Inc., Honeywell Security Group, Bosch Security Systems, Inc., Pelco, Inc., and Genetec, Inc. are included in the report.

Browse the full Video Surveillance and VSaaS (By Type – Analog and IP-based; By Components – Hardware, Software and VSaaS; By End-use Industry -Residential, Retail, Business Organizations, Transportation, Government Buildings, Hospitality, Industrial, Stadiums, Healthcare Organizations and Others) Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 – 2020 report at the link below.