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Video Surveillance Service Revenue

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IoT and Video Surveillance: Revenue Model Evolution

Report | 3Q 2023 | AN-5820

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The video surveillance service revenue represented in the corresponding chart is the sum of cloud data and analytics services revenue, cloud device and application platform services revenue, professional services revenue, and “other” service revenue. The 8-year Compound Annual Growth Rate (CAGR) for the total measured video surveillance service revenue between 2022 and 2030 is 13%. This growth is primarily driven by a steady increase in cloud-connected cameras in the video surveillance market.