VSaaS Market to Exceed $12 Billion by 2032
The global video surveillance as a service (VSaaS) market is expected to reach $12.01 billion by 2032, up from $5.88 billion in 2026, according to analysts at MarketsandMarkets. Their report forecasts that the market will grow at a compound annual growth rate (CAGR) of 15.4% over the period. The increasing adoption of cloud-based video surveillance across sectors such as retail, healthcare, education, manufacturing, transportation, government, and critical infrastructure is cited as the main driver behind this growth.
Researchers note that organizations are increasingly deploying VSaaS solutions to enhance security, enable remote monitoring, and improve operational efficiency. Additional momentum is being generated by the integration of AI-powered video analytics, Internet of Things (IoT) connectivity, edge computing, and real-time event detection systems. Hybrid VSaaS models, which combine on-premises infrastructure with cloud-based video storage and management, are expected to experience particularly strong growth thanks to their flexibility and ability to meet regulatory requirements.
Within the AI video analytics segment, object detection and recognition solutions continue to hold the largest market share due to their widespread use in commercial buildings, transportation, industrial facilities, and smart city projects.
These technologies enable the real-time identification of people, vehicles, and suspicious activities, improving security and incident response capabilities. According to the MarketsandMarkets report, the Asia-Pacific region will lead the global market, with China maintaining its dominant position through substantial investments in smart cities, artificial intelligence, 5G networks, and intelligent surveillance systems. Among the leading companies in the VSaaS market, analysts highlight Verkada, Cisco Systems, Motorola Solutions, Securitas, Mobotix, Alarm.com, Axis Communications, Brivo, Genetec, and Hanwha Vision.
