South Africa IP Video Surveillence and Vsaas Market is expected to reach the mark of $51.8 million by 2020 : BMR

“South Africa IP Video Surveillance and VSaaS Market 2013–2020 Forecast and Trend Analysis by a Report on Big Market Research”

Big Market research adds a report titled “”South Africa IP Video Surveillance and VSaaS Market — Size, Industry Analysis, Trends, Opportunities, Growth and Forecast, 2013–2020.” The South African IP video surveillance and VSaaS market is expected to reach the mark of $51.8 million by 2020, with a CAGR of 16.1% during the period 2014–2020. This study offers a thorough analysis of the South African IP surveillance and VSaaS market with current and future trends to the lucrative investment opportunities in the market.

The income generated from the hardware component is reported to be around 60% while income emanating from software & other services including cloud based technology was about 40%. There is a growing demand for video as a service among business enterprise of all scale to maintain a comprehensive security solution & also being budget friendly. They do away with large infrastructure cost & costly equipment by availing video surveillance as a service (VSaaS) while at the same time ensuring high level of functionalities, sophistication, convenience and portability. Here cloud based technology plays a very vital role. Business owners can remotely & reliably store large video data on to the cloud which can be accessed anytime anywhere without being compromised about the level of security desired. However analog systems are unlikely to lose their relevance at least in the near future due to cost adequacy and broader installation base in various parts of South Africa.

Hardware is the main components required for setting up of the IP video surveillance and as current analog systems are redesigned it will be required even more. The hardware deals would witness a growth in the initial phase of usage.

In order to make cloud based technology more attractive and friendly, the organizations must increase awareness & expand cloud based services in various commercial institutions. As of now the service providers are compelled to charge higher cost to retrieve their initial investment. However, cloud-based technology would register noticeable development amid the forecast period.

South Africa IP Video Surveillance and VSaaS Market 2013–2020

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