Security

VSaaS & ACaaS Move into the Mainstream

VSaaS (Video Surveillance as a Service) and ACaaS (Access Control as a Service) services realized substantial growth in 2016 and now look set to finally achieve the much vaunted predictions made in previous years about their potential to become multi-billion markets. The global market size for VSaaS in 2013 was approximately $300m but since then it has grown quite rapidly to approximately $700m in 2015 and is projected to reach approximately $1000m in 2017, at a CAGR of 19%. Cloud based VSaaS and ACaaS represent an opportunity to help alleviate the constant pressure on margins in the physical security business today. The business is moving to tackle the technological limitations with many new products & services being offered, that include advanced analytics. Experts have claimed for some time that the technical barriers of upstream bandwidth and relative cost of centralized storage could be solved. IoT and Big Data have also heavily influenced the global security […]

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