Video Surveillance Storage Market Size, Emerging Technologies, Comprehensive Analysis, Future Prospects, Regional Trends and Potential of the Industry 2023

Market Highlights

As per the Market Research Future Reports (MRFR), the video surveillance industry is exhibiting a considerable expansion due to increasing usage of surveillance cameras for protection and security. The global video surveillance storage market is estimated to grow up to USD 38 billion at CAGR 25% through the forecast period. The increasing safety issues among individuals and organizations and the increment of the internet of things are majorly affecting the global video surveillance market 2020.

The innovations in terms of video surveillance cameras is motivating the development of the video surveillance storage market. Increase in the number of facility management companies has also positively favored the demand for video surveillance storage. Moreover, the escalating security concerns globally are prompting further expansion of the product range available in the market. However, the adoption of cloud-based services is anticipated to fuel the market’s expansion rate substantially in the upcoming years.

Segmentation:

The global video surveillance storage market is segregated on the grounds of the type of storage, organization size, storage technology deployment, vertical, services, and region.

On the basis of storage type, the global video surveillance storage market is further classified into Solid State Drives (SDDs), Hard Disk Drives (HDDs).

On the basis of organization size, the global video surveillance storage market is divided into large enterprises and SME. The video surveillance storage comprises extensive areas of sectors such as education, BFSI, retail, healthcare, transportation, government, and others.

On the basis of storage technology the global video surveillance storage market is segregated into Storage Area Network (SAN), Network Attached Storage (NAS) and Direct Attached Storage (DAS).

On the basis of deployment, the global video surveillance storage market is further classified into on-cloud and on-premise.

On the basis of services, the global video surveillance storage market is further classified into managed services and professionals.

Global Video Surveillance Storage Market Regional Analysis

The regional analysis of the video surveillance storage market covers regions such as Europe, North America, Asia Pacific and rest of the world. The North American region is anticipated to control a key market share in the forecast period. The growing use of surveillance data and requirement for cloud-based storage solutions are guiding the market in this region. The incidence of important companies in the region and growth of advanced storage solutions are powering the market development. The Asia Pacific region is likely to show increased development throughout the forecast period. The implementation of video surveillance through many enterprises and the requirement for storage facilities is motivating the market in this region. The availability of video analytics such as motion detection, object detection and various tools are also boosting the market’s growth.

Global Video Surveillance Storage Market Key Players

Some of the crucial players in the global video surveillance storage market are Dell (U.S.), Hitachi Ltd. (Japan), Cisco Systems (U.S.), NetApp (U.S.), Seagate Technology LLC (U.S.), Honeywell International Inc. (U.S.), Robert Bosch GmbH (Germany), Schneider Electric SE (France), Avigilon Corporation (Canada). They are investing and taking innovative steps in research and development activities to produce a cost-effective product portfolio.

Quantum Corporation (U.S.), Pelco, Inc. (U.S), Iveda Solutions Inc. (U.S.), Buffalo Technology (Japan), Promise Technology Inc. (U.S.), Arxys Software Orchestrated Storage  (U.S.) and Mindtree Limited (India) are some of the crucial players in the market. Pacific Controls (UAE), Western Digital Corporation (U.S.), Rasilient Systems Inc. (U.S.), Johnson Controls (U.S.), Eyecast Inc. (U.S.), Veracity Inc. (U.K), Fujitsu (Japan), Nexsan Corporation (U.S.), are among others.

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