Where there is no on-site observer, a video surveillance system provides visual surveillance. A video surveillance system (VSS) is made up of a camera, a recording/control device, and an output interface, such as a monitor. Storage, encoders, an interface, and administration software are also included. Surveillance can also be done in real-time or can be analyzed, saved, and repeated as often as needed. This involves remote surveillance using technology devices like CCTV cameras. Peace enforcement agencies rely on video surveillance to preserve law and order, monitor and spot threats and prevent criminal activity. Furthermore, with the video surveillance-as-a-service (VSaaS) delivery model, video management, storage, and analytics solutions are housed centrally in cloud computing and may be accessible through the internet.
In 2021, the worldwide video surveillance and VSaaS market are predicted to be worth US$ 56.46 billion, with a CAGR of 13.9 percent during the forecast period (2021-2028).
During the projected period, the worldwide video surveillance and VSaaS market are likely to develop due to rising security concerns and government restrictions. In the security business, video monitoring is critical for preventing criminal and terrorist operations. Governments all around the world are spending heavily on technology developments in the most modern surveillance networks to help combat local crime and anti-terrorism actions. Since 9/11, US law enforcement agencies have been able to thwart over 50 terrorist plots in the country, according to the US National Security Agency.
Over the projected period, advances in technologies linked to high-resolution perfect imaging and video analytics are likely to drive the worldwide video surveillance and VSaaS market growth. Due to the availability of IP cameras with improved resolution and more storage, a considerable number of cameras are used in video surveillance systems in numerous sectors. Due to significant technological improvements in this sector, such as the availability of H.264 video compression for a wide variety of security devices and the expanded reach of high-speed internet connections, VSaaS is becoming more realistic.