As per MRFR analysis, the India Video Surveillance as a Service Market Size was estimated at 1.95 (USD Billion) in 2023.The India Video Surveillance as a Service Market Industry is expected to grow from 2.5(USD Billion) in 2024 to 8.5 (USD Billion) by 2035. The India Video Surveillance as a Service Market CAGR (growth rate) is expected to be around 11.768% during the forecast period (2025 - 2035).
Key India Video Surveillance as a Service Market Trends Highlighted
The India Video Surveillance as a Service (VSaaS) market is gaining momentum due to several key market drivers. The increasing need for enhanced security measures in various sectors, including retail, transportation, and public safety, is pushing organizations to adopt video surveillance solutions. Government initiatives such as the Smart Cities Mission are fueling investments in advanced security technology, and increasing urbanization is leading to a greater demand for comprehensive surveillance systems in metropolitan areas.
Additionally, the acceptance of cloud-based technologies is enabling businesses to shift away from traditional systems, thereby making VSaaS an attractive option for many organizations looking to reduce upfront costs and maintenance challenges.There are numerous opportunities to be captured in the Indian market as businesses seek to automate their security processes. This includes integrating video analytics with existing security systems to provide real-time insights and responses.
The rise of Internet of Things (IoT) devices further complements VSaaS deployments, allowing for smart and interlinked security frameworks that can be tailored to specific industry needs. Furthermore, industry stakeholders can explore partnerships with technology providers to offer more customized solutions that cater to the unique requirements of different sectors. Recent industry trends indicate a significant shift towards mobile surveillance capabilities, where users can remotely monitor their premises through mobile applications.
Cloud services are becoming increasingly popular as they provide scalability and flexibility, enabling businesses to manage their surveillance needs from any location. Additionally, advancements in Artificial Intelligence (AI) are enhancing the functionality of VSaaS offerings, such as improving facial recognition technology and behavior analysis. Overall, the concerted push from the private and public sectors to improve safety standards in India is expected to drive the evolution of the VSaaS market, creating a dynamic landscape for surveillance solutions.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Video Surveillance as a Service Market Drivers
Growing Security Concerns in India
India has seen a sharp rise in security and surveillance concerns in recent years, mostly due to rising crime and public safety concerns. According to the National Crime Records Bureau, the number of criminal cases reported rose by almost 1.6% between 2019 and 2020 alone. The demand for all-encompassing monitoring solutions is rising as a result of the increased concern among enterprises and citizens.
Through a number of programs targeted at Smart City initiatives and urban safety enhancements, the Indian government has also acknowledged the need for increased security measures, hence promoting investments in Video Surveillance as a Service (VSaaS).
In response to this market need, well-known companies like Axis Communications and Hikvision are improving their service offerings to better meet the security requirements of the Indian market. As companies and municipalities invest in cutting-edge video surveillance systems for increased safety and crime prevention, this trend shows a clear trajectory for the India video surveillance as a service market industry.
Adoption of Smart City Initiatives
The Indian government’s push towards Smart City initiatives significantly boosts the adoption of Video Surveillance as a Service technology. In the Smart Cities Mission, over 100 cities are being developed with integrated technology solutions aimed at enhancing urban infrastructure and services.
This initiative includes substantial allocations of funding for advanced surveillance systems, with recent reports indicating that around INR 22,000 crore (approximately USD 3 billion) has been approved for smart solutions in these cities.
As municipalities begin to implement intelligent surveillance systems, the India Video Surveillance as a Service Market Industry is set to witness robust growth as local governments partner with leading technology providers to ensure public safety and effective monitoring.
Rise in Remote Working and Cybersecurity Needs
The COVID-19 pandemic has led to a dramatic shift towards remote working in India, resulting in a need for enhanced cybersecurity measures and comprehensive surveillance solutions to safeguard business operations. According to the Ministry of Home Affairs, there has been a marked increase in cybercrime incidents, with reports citing a rise of over 50% in complaints from 2019 to 2021.
As businesses recognize the importance of securing their physical and digital environments, the demand for Video Surveillance as a Service solutions is also expected to rise.Companies like Tech Mahindra and Tata Consultancy Services are spearheading developments in integrated VSaaS solutions, aligning technological advancements with market needs, thus positively impacting the India Video Surveillance as a Service Market Industry.
Video Surveillance as a Service Market Application Insights
The India Video Surveillance as a Service Market experiences significant momentum within its Application segment, driven by various industries looking to enhance security and operational efficiency. The multifaceted nature of this segment is showcased through its diverse applications, including Retail, Transportation, Banking, Healthcare, and Government.
In the retail sector, businesses are increasingly adopting video surveillance systems to deter theft and monitor customer behavior, which significantly contributes to inventory control and customer service improvements.Transportation relies heavily on surveillance for monitoring public safety in transit systems and optimizing traffic management while improving passenger safety.
The banking industry utilizes video surveillance not only to secure physical locations but also to comply with rigorous regulatory standards, ensuring safety for both staff and clients. In healthcare, video surveillance plays a critical role in patient safety and security, especially in critical care settings where monitoring is paramount. The Government sector deploys video surveillance systems for urban security, ensuring public safety and enabling rapid response to incidents.
The adoption of the Internet of Things (IoT) and advanced analytics further emphasizes the importance of video surveillance across these applications, providing real-time insights and enhancing decision-making capabilities. With the expanding urban population and increasing urbanization, the need for efficient security solutions is gaining traction among these industries, prompting innovations in technology and service offerings. The demand for cloud-based video surveillance solutions, which provide scalability and flexibility, is particularly relevant in these sectors, setting the stage for significant growth and adoption in the India Video Surveillance as a Service Market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Video Surveillance as a Service Market Deployment Model Insights
The India Video Surveillance as a Service Market is evolving with the Deployment Model segment playing a critical role in shaping its landscape. This segment comprises various approaches, including Cloud-Based, On-Premises, and Hybrid models, which cater to distinct client needs and preferences. Cloud-Based solutions are becoming increasingly popular due to their scalability, accessibility, and reduced maintenance costs, allowing businesses in India to leverage advanced surveillance technologies without heavy upfront investments.
On-Premises solutions appeal to organizations requiring complete control over their data and infrastructure, often favored in industries with stringent security and compliance requirements.Meanwhile, Hybrid models combine the benefits of both cloud and on-premises setups, offering flexibility and adaptability, which is particularly advantageous for large enterprises with diverse operational needs.
As the demand for enhanced security measures grows across sectors like retail, transportation, and critical infrastructure in India, the Deployment Model segment is witnessing significant attention, reflecting broader trends toward digitization and smart solutions in the country's surveillance landscape. The ability to integrate artificial intelligence and analytics into video surveillance offerings is also driving the growth of these models, promoting a proactive approach toward security and risk management.
Video Surveillance as a Service Market Component Insights
The Component segment of the India Video Surveillance as a Service Market has become increasingly vital as security concerns continue to rise across various sectors. This market is primarily divided into Hardware, Software, and Services, each playing a critical role in the overall functionality and effectiveness of surveillance systems. Hardware, comprising cameras, sensors, and storage devices, significantly drives the market growth by providing the essential tools required for capturing and storing video feeds.
Meanwhile, the Software segment is crucial for managing and analyzing the data collected, enabling organizations to deploy intelligent surveillance solutions that can enhance security measures.Services, including installation, maintenance, and support, reinforce the ecosystem by ensuring that these technologies operate efficiently.
As urbanization in India accelerates and smart city initiatives gain momentum, the demand for comprehensive surveillance solutions is expected to expand, offering significant opportunities for growth within the Component segment. The integration of advanced technologies, including artificial intelligence and cloud computing, is likely to further enhance the capabilities of these components, making them indispensable in the realm of video surveillance.
Video Surveillance as a Service Market End Use Insights
The India Video Surveillance as a Service Market is prominently influenced by its End Use segmentation, which includes Residential, Commercial, and Industrial applications. The Residential segment is becoming increasingly significant as more homeowners prioritize security, leading to a growing demand for surveillance solutions tailored to personal safety.
Meanwhile, the Commercial sector is characterized by its diverse needs, encompassing retail, banking, and corporate environments, which leverage video surveillance for loss prevention and operational efficiency.
This segment holds considerable importance as businesses seek to enhance security and monitor customer behavior. In the Industrial sector, video surveillance plays a crucial role in monitoring manufacturing processes and ensuring workplace safety, contributing to operational productivity. Overall, as urbanization in India accelerates, these segments are expected to see shifts in demand influenced by evolving consumer preferences, technological advancements, and regulatory requirements.
The government of India is gradually promoting initiatives that support the adoption of smart technologies, further boosting the market dynamics.This landscape presents various opportunities for growth, driven by advancements in cloud technologies and increased awareness about safety measures across sectors.
India Video Surveillance as a Service Market Key Players and Competitive Insights
The competitive landscape of the India Video Surveillance as a Service Market is characterized by rapid technological advancements and an increasing demand for security solutions across various sectors, including residential, commercial, and industrial domains. With a growing emphasis on safety and surveillance, numerous players are actively engaging in enhancing their offerings through innovative technologies such as AI-driven analytics, cloud computing, and IoT integration, which are becoming integral to the service models.
The competitive environment is influenced by diverse factors, including regulatory frameworks, consumer behavior, and the ongoing digitization trends, compelling companies to adapt continuously to maintain relevance and capture market share. Vivint has carved a significant niche within the India Video Surveillance as a Service Market by leveraging its robust operational model that focuses primarily on residential security. Known for its advanced home automation solutions, Vivint provides a wide array of products that integrate surveillance capabilities with smart home technologies, allowing users seamless control through mobile applications.
The company's strengths lie in its commitment to user-centric design and customer service, ensuring high levels of consumer satisfaction and retention. In the Indian market context, Vivint differentiates itself with a tailored approach that resonates well with local preferences, thus expanding its presence amid growing competition.Hikvision maintains a prominent position in the India Video Surveillance as a Service Market due to its extensive portfolio of products and solutions aimed at various sectors, including retail, transportation, and infrastructure.
The company's key offerings include high-definition cameras, video management systems, and integrated analytics that cater to the rising demand for sophisticated security solutions. Hikvision's market presence in India is bolstered by strategic partnerships, local manufacturing initiatives, and a keen focus on R&D, which collectively enhance its operational capacities.
The company has also engaged in strategic mergers and acquisitions to bolster its technological offerings and expand its market penetration in the region. This approach, coupled with competitive pricing and a commitment to product reliability, positions Hikvision as a formidable player in the Indian video surveillance landscape, appealing to both commercial and governmental clients seeking comprehensive security solutions.
Key Companies in the India Video Surveillance as a Service Market Include
India Video Surveillance as a Service Market Industry Developments
The India Video Surveillance as a Service Market has seen significant developments as of late 2023. Hikvision and Axis Communications have recently increased their market presence, focusing on advanced artificial intelligence capabilities in surveillance systems. In October 2023, Bosch Security Systems announced a collaborative project with local law enforcement to enhance public safety infrastructure, which could further drive market growth.
Furthermore, Genetec expanded operations in India, aiming to tap into the rising demand for integrated security solutions. Recent mergers include a strategic acquisition by Zebra Technologies in September 2023, acquiring certain assets from Network Video Technologies to strengthen their video analytics capabilities in the region.
Overall, the market is witnessing consistent growth, influenced by increased government investments in smart cities, resulting in heightened demand for advanced surveillance systems. Several reports indicate that the valuation of India's Video Surveillance as a Service Market is expected to exceed USD 1 billion by 2025, driven by ongoing technological advancements and rising security concerns among both public and private sectors. These dynamics are expected to open up new avenues for companies such as Vivint, Avigilon, and Dahua Technology, fostering an environment ripe for further innovation and expansion.
India Video Surveillance as a Service Market Segmentation Insights
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 1.95(USD Billion) |
| MARKET SIZE 2024 | 2.5(USD Billion) |
| MARKET SIZE 2035 | 8.5(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 11.768% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Vivint, Hikvision, Genetec, Network Video Technologies, Zebra Technologies, Axis Communications, Netgear, Avigilon, Dahua Technology, Bosch Security Systems, Cisco Systems, Milestone Systems, ADT, Sony, Honeywell |
| SEGMENTS COVERED | Application, Deployment Model, Component, End Use |
| KEY MARKET OPPORTUNITIES | Growing urbanization and infrastructure development, Rising demand for remote monitoring solutions, Increased adoption of smart city initiatives, Expansion of AI and analytics integration, Enhancements in cloud storage solutions |
| KEY MARKET DYNAMICS | growing demand for security solutions, advancements in cloud technology, regulatory compliance requirements, increasing urbanization and infrastructure projects, cost-effective subscription models |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ):
The India Video Surveillance as a Service Market is projected to be valued at 2.5 USD Billion in 2024.
By 2035, the market size is expected to reach 8.5 USD Billion.
The expected CAGR for the market during the forecast period is 11.768%.
Key applications driving growth include Retail, Transportation, Banking, Healthcare, and Government.
The Retail segment is valued at 0.7 USD Billion in 2024.
The projected market value for the Transportation segment by 2035 is 1.7 USD Billion.
Key players include Vivint, Hikvision, Genetec, Axis Communications, and Bosch Security Systems among others.
The anticipated market value for the Healthcare sector is 0.6 USD Billion in 2024.
The market currently faces challenges related to maintaining privacy and cybersecurity amid rapid technological advancements.
The Banking segment is valued at 0.4 USD Billion in 2024 and is expected to reach 1.4 USD Billion by 2035.
Leading companies partner with us for data-driven Insights.
Kindly complete the form below to receive a free sample of this Report
Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
© 2025 Market Research Future ® (Part of WantStats Reasearch And Media Pvt. Ltd.)
