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The other services that are commonly integrated with VSaaS solutions include access control, home automation, intruder alarm, energy management, smart building, point of sale (PoS). Not merely for video surveillance system, the VSaaS solutions are being used in conjunction with other services to provide a more complete or customized solution." said Aaron Dale, Analyst for video surveillance at IHS.
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The VSaaS market is so huge, the industry was estimated to be worth US$759.5 million in 2013 and is forecast to reach $1.3 billion by 2017. On the other hand, the VSaaS enables Internet companies to join the competition of video surveillance market, that's the reason why Google acquired Nest, Apple launched Apple HomeKit protocol.
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Nowadays, security companies shift from selling security equipment to offering security service. Consumers just need to pay a regular monthly fee to monitor their homes and small businesses, user may get home security system for free.
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DIRECTV is a satellite TV provider, now the company offers TV entertainment service fully integrated the home security technology. The DIRECTV acquired LifeShield is a good example. It is usually delivered as sound and motion triggered recordings, that can be accessed remotely using the time/day stamps for forensics or real time monitoring. All these because of the wide spreading usage of IP-based security systems that are able to transmit alarm or video data to remote server, while companies can provide services such as alarm monitoring and data analysis, as well as cloud storage to consumers. VSaaS refers to cloud based Internet recording of security camera video. According to the market analysis report from IHS, video surveillance as a service (VSaaS) or cloud-based security systems become the latest trend in security industry.