Product Code: ETC4460668 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The VSaaS market in Singapore has seen significant development as organizations and residential sectors increasingly recognize the importance of surveillance and security. Cloud-based video surveillance solutions are gaining traction due to their scalability, cost-effectiveness, and accessibility. As a result, numerous service providers are offering VSaaS solutions tailored to diverse needs, including remote monitoring, analytics, and cloud storage. The market`s future growth is underpinned by the ongoing urbanization and security concerns.
The VSaaS market in Singapore is primarily driven by the need for cost-effective, scalable, and remote video surveillance solutions. VSaaS offers cloud-based video monitoring, which eliminates the need for on-premises hardware and provides flexibility in video storage and accessibility. The growing demand for video surveillance in various sectors, including retail, hospitality, and public safety, amplifies the adoption of VSaaS. The desire for real-time monitoring, video analytics, and reduced upfront costs contributes to market growth.
The VSaaS market in Singapore faces challenges in ensuring a high level of data security and privacy, especially as video footage may contain sensitive information. Bandwidth limitations and data storage costs can also be hurdles, particularly for organizations with large-scale video surveillance needs. Ensuring reliable connectivity and low-latency streaming for real-time surveillance is a technical challenge, especially in remote locations.
The COVID-19 pandemic had a notable impact on the Singapore Video Surveillance as a Service (VSaaS) market. As the importance of remote monitoring and surveillance grew, VSaaS solutions became increasingly popular. Organizations sought cloud-based video surveillance to maintain security and ensure compliance with social distancing measures. The market witnessed a surge in demand for VSaaS as businesses and public spaces adopted these solutions to enhance safety and security during the pandemic.
The Video Surveillance as a Service (VSaaS) market in Singapore is evolving with players like Axis Communications, Hikvision, and Genetec. Axis Communications is a prominent provider of network cameras and surveillance equipment, while Hikvision, a global leader in video surveillance, offers innovative VSaaS solutions. Genetec specializes in unified security platforms and video management systems, contributing to the development of VSaaS in Singapore.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Singapore VSaaS Market Overview |
3.1 Singapore Country Macro Economic Indicators |
3.2 Singapore VSaaS Market Revenues & Volume, 2021 & 2031F |
3.3 Singapore VSaaS Market - Industry Life Cycle |
3.4 Singapore VSaaS Market - Porter's Five Forces |
3.5 Singapore VSaaS Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Singapore VSaaS Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 Singapore VSaaS Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for remote monitoring and surveillance solutions due to rising security concerns. |
4.2.2 Technological advancements in video surveillance as a service (VSaaS) leading to enhanced features and capabilities. |
4.2.3 Government initiatives promoting the adoption of smart city technologies, including VSaaS. |
4.3 Market Restraints |
4.3.1 Data privacy and security concerns regarding cloud-based storage of surveillance footage. |
4.3.2 Initial high implementation costs and ongoing subscription fees for VSaaS solutions. |
4.3.3 Limited internet infrastructure and connectivity issues impacting the effective deployment of VSaaS. |
5 Singapore VSaaS Market Trends |
6 Singapore VSaaS Market, By Types |
6.1 Singapore VSaaS Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Singapore VSaaS Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Singapore VSaaS Market Revenues & Volume, By Hosted, 2021-2031F |
6.1.4 Singapore VSaaS Market Revenues & Volume, By Managed, 2021-2031F |
6.1.5 Singapore VSaaS Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Singapore VSaaS Market, By Vertical |
6.2.1 Overview and Analysis |
6.2.2 Singapore VSaaS Market Revenues & Volume, By Commercial, 2021-2031F |
6.2.3 Singapore VSaaS Market Revenues & Volume, By Infrastructure, 2021-2031F |
6.2.4 Singapore VSaaS Market Revenues & Volume, By Residential, 2021-2031F |
6.2.5 Singapore VSaaS Market Revenues & Volume, By Public Facilities, 2021-2031F |
6.2.6 Singapore VSaaS Market Revenues & Volume, By Military & Defense, 2021-2031F |
6.2.7 Singapore VSaaS Market Revenues & Volume, By Industrial, 2021-2031F |
7 Singapore VSaaS Market Import-Export Trade Statistics |
7.1 Singapore VSaaS Market Export to Major Countries |
7.2 Singapore VSaaS Market Imports from Major Countries |
8 Singapore VSaaS Market Key Performance Indicators |
8.1 Average response time for alerts and notifications. |
8.2 Percentage increase in the number of VSaaS integrations with other smart city technologies. |
8.3 Customer satisfaction ratings for VSaaS service reliability and performance. |
8.4 Number of cybersecurity incidents or breaches related to VSaaS platforms. |
8.5 Rate of adoption of VSaaS solutions in various industries and sectors. |
9 Singapore VSaaS Market - Opportunity Assessment |
9.1 Singapore VSaaS Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Singapore VSaaS Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 Singapore VSaaS Market - Competitive Landscape |
10.1 Singapore VSaaS Market Revenue Share, By Companies, 2024 |
10.2 Singapore VSaaS Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |