Access Control as a Service (ACaaS) and Video Surveillance as a Service (VSaaS) have long been touted as the next big thing in security. In 2018 they finally realised substantial growth and in the case of VSaaS, we believe the market broke through the $1Bn barrier. Some are forecasting demand will grow at a Compound Annual Growth Rate (CAGR) of 20% to 2023. ACaaS is approximately half the size but has a higher level of penetration. The supply side has put more effort and investment into providing VSaaS and ACaaS services and technology has overcome many limitations, whilst reducing service costs. At the same time they are winning over system integrators to adopt cloud services and this has also provided a significant boost to growth. Product manufacturers are also increasingly seeing this route as one that could help them to alleviate some of the pressure on margins, if the leading Chinese suppliers continue to cut […]