Global VSaaS Market Report 2022-2027: Low Cost of Investment, Flexible Scalability & Increasing Demand for Real-Time Surveillance Data Driving Growth
DUBLIN, Aug. 10, 2022 /PRNewswire/ -- The "VSaaS Market by Type (Hosted, Managed, and Hybrid), Vertical (Commercial, Infrastructure, Residential, Public Facilities, Military & Defense, and Industrial) and Geography (North America, APAC, Europe, Rest of the World) (2022-2027)" report has been added to ResearchAndMarkets.com's offering.
The VSaaS market is projected to grow from USD 3.3 billion in 2022 and is projected to reach USD 7.6 billion by 2027; it is expected to grow at a CAGR of 18.0% from 2022 to 2027. The growth of this market is driven by factors such as the low cost of investment, the rise in demand for real-time surveillance data, and the flexible scalability offered by VSaaS.
North America to hold a significant share of the VSaaS market during the forecast period
North America is expected to hold a significantly large share of VSaaS market during the forecast period. Factors such as increasing government initiatives to implement advanced surveillance systems in public places, government buildings, and high-security areas are driving the VSaaS market in North America. The increasing number of public safety initiatives and security practices are creating opportunities in both, government, and commercial verticals.
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SOURCE Research and Markets