Video Surveillance & VSaaS Market is Expected To Reach $48.95 Billion by 2020
“The global video surveillance & vsaas market size to reach USD 48.95 billion by 2020. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market.
The Global Video Surveillance & VSaaS Market is expected to reach USD 48.95 billion by 2020, according to a new study by Grand View Research, Inc. Growing number of security concerns on a global level coupled with increased investment in sophisticated surveillance network development is expected to drive the market. Increased demand for traffic surveillance and intrusion detection is also expected to propel market growth over the next six years. Technological advancement has led to the development of improved surveillance cameras and related devices. Declining IT costs and centralized data management are expected to positively impact the video surveillance & VSaaS market. Privacy concerns associated with public surveillance may restrain market growth. Implementing big data
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