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Video surveillance as a Service and Access Control as a Service, structures with growth in security

International. Video surveillance and access control providers have continued to build VSaaS (Video Surveillance as a Service) and ACaaS (Access Control as a Service) services over the past decade and recently major IT companies have invested heavily, targeting the physical security business. Now that the supply structure is in place, these services are poised for significant growth and overall success, according to a report by memoori research.

The technology required to provide these services has overcome limitations and reduced the total cost of ownership. At the same time, vendors are winning over system integrators to adopt cloud services and this has also provided a significant boost to growth. Product manufacturers also see this route as one that could help ease some of the pressure on margins.

Existing owners of video surveillance and access control systems who will need to upgrade their operations in the coming years will no doubt have to seriously consider cloud services.

Our latest global report "The Physical Security Business 2019 to 2024" estimates that the market size for VSaaS in 2019 was approximately US$1.2 billion. Most forecasts now predict that it will grow at a CAGR of 20% over the next 5 years, which is believed to be overly optimistic; more than 15% reaching $2.4 billion in 2024, but growth accelerates as it reaches 2024.

- Publicidad -

Growth should continue into the next decade as prices fall and more end users turn to "security as a service." VSaaS should offer the most value in many applications. We've already noted that all of the world's major IT companies are expanding their cloud services rapidly, including Amazon, Apple, Google, and Microsoft, driven by anticipated demand from various sources, including ACaaS and VSaaS.

VSaaS was launched in the late 2000s with many commentators predicting that within 5 years it would be a multi-billion dollar market. While it failed to meet this goal, in the last 4 years it has overcome a number of obstacles. New technological features have helped the service deliver significant improvements. These include the availability of upstream bandwidth and the relative cost of centralized storage, while bandwidth prices have fallen and top speeds have increased, making VSaaS potentially more viable in a wider range of applications. Smart CODECs and the introduction of H.265 can reduce the amount of bandwidth cameras consume, potentially exceeding the cost of bandwidth and data limit barriers.

One of the main value propositions for customers is that VSaaS is continuously monitored 24/7. Paying through a monthly service charge ensures that faults are fixed quickly, so reliability improves. This should ensure that the quality of the video is satisfactory for forensic purposes and that all aspects of usability (such as how to recover the video and share it) are taken care of.

These value propositions look favorable for companies with large construction properties. However, such organizations have been reluctant to risk outsourcing and have already invested significant sums of money in their own equipment and personnel to operate it. When this equipment becomes obsolete, they will become the leading candidates to move to VSaaS.

Currently, most believe that VSaaS offers the small and medium-sized construction sector the most attractive proposition for buyers because they prefer to pay a monthly fee for this service and reduce their initial capital expenditure.

Source: memoori research.

Ana María Mejía Angel
Author: Ana María Mejía Angel
Comunicadora social periodista con 10 años de experiencia en medios impresos y digitales para América Latina en inglés y español. Actualmente Editora de Informes Especiales, incluyendo el TOP 1OO de Integradores Latinoamericanos Industria AV.

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