NEWARK, Del: , Sept. 13, 2022 (GLOBE NEWSWIRE) -- The VSaaS Market revenues was estimated at US$ 7.6 Bn in 2021 and is anticipated to grow at a CAGR of 9.6% from 2022-2032, according to a recently published Future Market Insights report. The market is expected to reach a valuation of US$ 8.5 Bn in 2022 and US$ 21.1 Bn by 2032.

VSaaS is being pushed by growing user concerns about improved security, a growing number of government policies to increase public security, and continuous infrastructure developments, particularly transportation hubs. Rising smartphone penetration in developing nations combined with advancements in technology in telecommunication services, such as LTE accessibility and the rapidly increasing 5G pattern, and elevated Internet connectivity, are assisting the host VSaaS market in expanding further, as high Internet connection is one of the basic requirements of users and service providers.

The need for cloud-based solutions is increasing among various end-users. The rise may be linked to a number of benefits of cloud-based solutions, such as quick response times. Home workplaces, commercial real estate developments, as well as the financial sector, are projected to use VSaaS services due to rising interest for cloud services and increased knowledge of video surveillance application administration.

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Banks and financial organizations have high expectations for VSaaS. It aids in the enhancement of security, as well as the monitoring of ATMs, employees, and consumers. There are roughly 376,984 ATMs in Europe, including 60,752 ATMs in Germany. The expanding use of ATMs across the European Union will boost the expansion of the VSaaS industry in the commercial sector.

“During the projected period, The VSaaS industry will profit from the increased demand for VSaaS services across corporate domains to minimize thefts, maintain safety, and decrease inventory losses in the commercial sector.” comments a Future Market Insights analyst.

Competitive Landscape

The market is fiercely competitive, where key players are increasingly focused to obtain a competitive advantage. The key companies in the VSaaS Market are focused on R&D to offer innovative technological solutions.

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More Insights Available

Future Market Insights, in its new offering, presents an unbiased analysis of the VSaaS Market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.

Market Segments Covered in VSaaS Market Analysis

By Product Type:

By Verticals:

By Region:

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Table of Content

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Summary of Statistics

    1.3. Key Market Characteristics & Attributes

    1.4. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Risks and Trends Assessment

    3.1. Risk Assessment

    3.2. Key Trends Impacting the Market

    3.3. Formulation and Product Development Trends

TOC continued..!

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