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The IP video and video surveillance as a service (VSaaS) market will reach $57.3billion in 2020 as more organizations switch from analog systems to IP-basedsolutions, according to Allied Market Research (AMR).
The report titled “IP Video Surveillance and VSaaS Market (Technologies,Applications, Services, Geography) – Industry Analysis, Trends, Share, Opportunities and Forecast, 2012- 2020,” notes that increasing awareness regarding the benefits of IP-based surveillance systems, favorable regulatory impositions and rising security concerns are the key factors expected to catalyze the growth of IP surveillance market.