How IP Video Surveillance and VSaaS Market Could Boost Your Business Profitability to Grow $52.98 Billion, Globally, by 2026 at 12.9% CAGR
Pune, Maharashtra, India, September 9 2020 (Wiredrelease) Allied Analytics :Rise in speed of transition from analog to IP surveillance cameras, surge in need of safety in high-risk areas, and integration of IoT in surveillance cameras drive the growth of the global IP video surveillance and VSaaS market. On the other hand, high investment, initial installation investment, large data storage problems, and lack of professional expertise in handling IP cameras impede the market growth to certain extent. However, emerging trends toward development of smart cities is expected to create a number of lucrative opportunities in the near future.
According to the report, the global IP video surveillance and VSaaS industry garnered$18.51 billionin 2018, and is estimated toreach$52.98 billionin 2026, growing at aCAGR of 12.9%from 2019 to 2026. The report also provides an in-depth analysis of the drivers opportunities, top investment pockets, top winning strategies, market size estimations, competitive landscape, and wavering