The Europe IP Video Surveillance and VSaaS Market would witness market growth of 11.3% CAGR during the forecast period (2024-2031).
The Germany market dominated the Europe IP Video Surveillance and VSaaS Market by Country in 2023, and would continue to be a dominant market till 2031; thereby, achieving a market value of $6,865.3 million by 2031. The UK market is exhibiting a CAGR of 10.6% during (2024 - 2031). Additionally, The France market would experience a CAGR of 12.2% during (2024 - 2031).
While the initial investment in IP surveillance systems may be higher, the long-term benefits of scalability, flexibility, and reduced maintenance costs make them attractive. VSaaS eliminates the need for on-premises storage infrastructure, further reducing capital expenditure. IP surveillance systems can seamlessly integrate with other security systems, such as access control and alarm systems, providing a comprehensive security solution. Open standards and interoperability also facilitate integration with third-party applications.
In addition, the ability to access and manage surveillance data remotely through mobile devices and web interfaces has significantly contributed to adopting IP video surveillance and VSaaS. This feature is particularly beneficial for multi-site organizations and homeowners. Stringent regulations and industry standards related to security and data protection have driven organizations to adopt advanced surveillance solutions. Compliance with these regulations ensures the safety of individuals and assets while protecting sensitive information.
The rising rates of property-related crimes across Europe, as reported by Eurostat, are significantly influencing the demand for advanced security technologies, including IP video surveillance and video surveillance as a service (VSaaS) solutions. In 2022, the EU saw notable increases in thefts (17.9%), robberies (9.7%), and burglaries (7.4%), highlighting a growing concern for security among both residential and commercial property owners. As these criminal activities rise, the need for more robust, efficient, and scalable security systems has become more apparent, driving the adoption of IP video surveillance and VSaaS across Europe.
Free Valuable Insights: The Global IP Video Surveillance and VSaaS Market will Hit USD 101.63 Billion by 2031, at a CAGR of 11.7%
Based on Product Type, the market is segmented into Hardware (IP Camera, Monitor, and Storage), Software (Video Management System (VMS) and Video Analytics Software (VAS)), Cloud Based Solutions (Cloud Storage by Product Software and Cloud Storage by Deployment Type), and Services (Video Surveillance as a Service, Hosted VSaaS, Managed VSaaS, Hybrid VSaaS, and Integrated Services IP Surveillance). Based on Application, the market is segmented into BFSI, Retail, Manufacturing & Corporate, Healthcare, Casino & Entertainment, Residential, Government & Higher Security, and Other Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
By Product Type
By Application
By Country
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