Video forms a strategic source of information, intelligence and insight, thus, there’s a mounting demand for video surveillance cameras to monitor various public as well as private areas. Massive amounts of data created by video surveillance require storage solutions so that they can be utilized for future reference.
Recent market figures released by Market Research Future (MRFR) estimates that the global video surveillance storage market is due to reach USD 38 Bn, achieving a dynamic CAGR of 25% over the forecast period of 2017-2023. The video surveillance industry is witnessing heightened demand due to growing security concerns across the globe. The demand id further amplified by growth in number of smart cities and continuous adoption of high-resolution cameras. In addition, demand from the government and transportation sector contribute to the growth of the market. Furthermore, increasing installation of video surveillance cameras across various industry verticals such as BFSI, Retail, and Hospitality & Healthcare is fostering the growth of the market.
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Major key Players
- Cisco Systems (U.S.),
- Dell (U.S.),
- Hitachi Ltd. (Japan),
- Seagate Technology LLC (U.S.),
- NetApp (U.S.),
- Robert Bosch GmbH (Germany),
- Honeywell International Inc. (U.S.),
- Avigilon Corporation (Canada),
- Schneider Electric SE (France).
They are innovating and are investing in research and development activities to generate a cost-effective product portfolio.
Pelco, Inc.(U.S.), Quantum Corporation (U.S.), Buffalo Technology (Japan), Iveda Solutions Inc. (U.S.), Promise Technology Inc. (U.S.), Mindtree Limited (India), and Arxys Software Orchestrated Storage (U.S.), are some of the key innovators in the market. Western Digital Corporation (U.S.), Pacific Controls (UAE), Johnson Controls (U.S.), Rasilient Systems Inc. (U.S.), Nexsan Corporation (U.S.), Eyecast Inc. (U.S.), Veracity Inc. (U.K), Fujitsu (Japan) are among others.
According to MRFR, The Global Video Surveillance Storage Market is estimated to grow up to USD 38 billion at CAGR 25% through the forecast period.
In January 2019, NetApp, provider of hybrid cloud data services and data management, unveiled its new video surveillance and hybrid flash storage solutions at the Dubai World Trade Centre. The E-Series Video Surveillance Storage Solution.
The global video surveillance storage market is segmented on the basis of storage technology, type of storage, deployment, services, organization size, vertical and region. On the basis of storage technology the market is further classified into Network Attached Storage (NAS), Storage Area Network (SAN), and Direct Attached Storage (DAS). On the basis of storage type the market is further classified into Hard Disk Drives (HDDs), Solid State Drives (SDDs). On the basis of deployment, the market is further classified into on-cloud and on-premise. On the basis of services, the market is further classified into professional and managed services. On the basis of organization size, the market is further classified into SME and large enterprises. The video surveillance storage covers wide area of verticals such as BFSI, education, retail, transportation, healthcare, government and others.
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.
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- Technology investors
- Research Firms
- Technology integrators
- Storage Providers
- Cloud providers
- Government agencies
LIST OF FIGURES
FIGURE 1 Global Video Surveillance Storage Market segmentation
FIGURE 2 Forecast Methodology
FIGURE 3 Five Forces Analysis of Global Video Surveillance Storage Market
FIGURE 4 Value Chain of Global Video Surveillance Storage Market
FIGURE 5 Share of Global Video Surveillance Storage Market in 2017, by country (in %)
FIGURE 6 Global Video Surveillance Storage Market, 2017-2023,
FIGURE 7 Sub segments of Storage Type
LIST OF TABLES
Table 1 Global Video Surveillance Storage Market: By Region, 2017-2023
Table 2 North America Video Surveillance Storage Market: By Country, 2017-2023
Table 3 Europe Video Surveillance Storage Market: By Country, 2017-2023
Table 4 Asia Pacific Video Surveillance Storage Market: By Country, 2017-2023
Table 5 The Middle East & Africa Video Surveillance Storage Market: By Country, 2017-2023
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