2019 will be the year that VSaaS finally becomes a real factor for professional video surveillance. While Video Surveillance as a Service (VSaaS) has been around for more than a decade, it has always been relegated to the fringes of the market and not a mainstream competitor to VMS software and NVRs.
Money Behind It
However, the big difference in 2019 is the emergence of a group of well-funded entrants seriously focused on pushing commercial VSaaS. The technology is not that much different than it was a few years ago but the money being invested in selling and developing commercial focused VSaaS offerings is far far higher.
With commercial video surveillance, for new technology to gain acceptance, it cannot sell itself. Rather, it takes a lot of money in proactively selling and convincing users to switch. Only until there is a critical mass of large players doing so, will a significant number of buyers seriously consider adopting it.
Trends and Players Analyzed
While it is way too early to fairly assess who is going to 'win', the overall battlefield is shaping up as follows, as we explain inside the report:
- Tens of millions being spent on sales and marketing
- Viable technology
- Better for analytics
- Incremental improvements in bandwidth problems
- Player - Alarm.com
- Player - Arcules
- Player - Eagle Eye
- Player - OpenEye
- Player - Qumulex
- Player -Verkada
- Member Voting on the most likely successful entrant
- Not a player now - Dahua and Hikvision
- Opted out - Milestone
- Genetec Different
- Outlook Positive