The North America IP Video Surveillance and VSaaS Market would witness market growth of 10.9% CAGR during the forecast period (2024-2031).
The US market dominated the North America 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 $25,735.1 million by 2031. The Canada market is experiencing a CAGR of 12.2% during (2024 - 2031). Additionally, The Mexico market would exhibit a CAGR of 12% during (2024 - 2031).
The IP video surveillance and video surveillance as a service (VSaaS) has evolved significantly over recent years, driven by technological advancements, increased security concerns, and the need for efficient and scalable surveillance solutions. IP video surveillance, which utilizes Internet Protocol (IP) networks to transmit and store video data, offers superior image quality, flexibility, and scalability compared to traditional analog systems. VSaaS, a cloud-based service model, further enhances the capabilities of IP video surveillance by providing remote access, storage, and management of video data through the internet.
Additionally, IP video surveillance systems are extensively used in urban areas to monitor public spaces, deter criminal activities, and aid law enforcement agencies. High-definition cameras and advanced analytics help in real-time monitoring and post-incident investigations. Airports, train stations, and bus terminals deploy IP surveillance systems to enhance security, monitor passenger flow, and manage emergencies.
The increasing growth of e-commerce and the rise in security concerns in Canada and Mexico have become significant driving factors in expanding the IP video surveillance and VSaaS market in these regions. As e-commerce continues to surge, both countries are witnessing a growing demand for advanced security solutions to protect valuable assets, including inventory, shipments, and physical storefronts. Additionally, the rising crime rates, particularly in urban areas of Mexico, have heightened the need for enhanced security systems to safeguard properties and reduce potential losses. These factors create a fertile environment for the growth of IP video surveillance and VSaaS technologies as businesses in both regions strive to implement scalable, efficient, and remote security measures.
Free Valuable Insights: The IP Video Surveillance and VSaaS Market is Predict to reach 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 U.S., Mexico, Canada, and Rest of North America.
By Product Type
By Application
By Country
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