Global VSaaS market to reach $2.4B by 2017, MarketsandMarkets says

According to a new market research report published by MarketsandMarkets, the VSaaS market, on the whole, is expected to reach $2,390.9 million by 2017 at a CAGR of 31.5% from 2012 to 2017.

The cloud computing and storage phenomenon is a revolutionary technology in the IT space which is slowly but swiftly expanding its horizons into the slow-adopting video surveillance space. Video Surveillance and storage on the cloud has several advantages up its sleeve as it reduces the amount of technical resources required to maintain a system while streamlining the security operations in a centralized IT data center, thus making them increasingly more efficient.

With the maturity of the VSaaS market in the years to come, the market would witness the adoption of three salient models governing the whole business mode. The first model caters to the physical security customers who would prefer storage and retrieval of the video through cloud which would require no capital investment in the equipment. The second model would let the usage of cloud ...more