From GlobeNewswire: 2024-07-12 04:30:00

The global VSaaS market is expected to reach USD 5.0 billion in 2024 and grow to USD 10.7 billion by 2029, with a 16.1% CAGR. This is driven by AI-powered analytics and video analytics, making VSaaS indispensable for security and operational efficiency.

Hosted VSaaS services are gaining popularity for their convenience and cost-effectiveness, providing businesses with scalability and flexibility. Object detection & recognition is a key focus, enhancing security and operational efficiency across industries. Commercial verticals lead the market, prioritizing security and surveillance measures.

The Asia Pacific region dominates VSaaS market growth with rapid urbanization and technological advancements driving demand. VSaaS offers scalable and accessible solutions for businesses, especially in emerging markets. The market is also boosted by digital technology adoption and smart city initiatives in the region.



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