Video Surveillance Storage Market Opportunities, Development Strategy, Comprehensive Plans, Competitive Landscape and Trends by Forecast 2027

Market Highlights

As per the Market Research Future Reports (MRFR), the video surveillance market 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 new technological advancement in the field of storage and the low cost of hard disk drives are propelling the market expansion. However, the lack of awareness concerning video surveillance and the latest storage technologies are obstructing market growth. The adoption of cloud-based services among organizations will aid with an opportunity to propel the video surveillance storage market. The most important challenge for the video surveillance storage market is the retention tenure over a limited amount of storage.

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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.

Global Video Surveillance Storage Market Regional Analysis

The global video surveillance storage market has been analyzed for Asia Pacific, Europe, North America, and the Rest of the World. North America is expected to seize a considerable market share during the review period. The rising surveillance data and requirement for cloud-based storage solutions are bringing an impact on the market in this area. The crucial participation of major players in the region and the advancement of unique storage solutions are propelling the market expansion.

The APAC region is anticipated to witness a high rate of expansion during the review period. The adoption of video surveillance across several organizations and the requirement for storage facilities are affecting the market in this region. The video data such as object identification, motion detection, and various tools are aiding in expanding the market size.

Europe surveillance video storage market is estimated to exhibit a decent expansion. Europe has seized the second position in the market. However, the Asia Pacific region is estimated to display a significant expansion throughout the review period. Several organizations in China, Taiwan, and India are adopting cloud-based storages, which is increasing the requirement and demand for video surveillance storage market. Also, video surveillance storage in the APAC region is aiding in the expansion of the worldwide market.

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.

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Global Video Surveillance Storage Market Research Report – by Storage Technology (SAN, DAS, NAS), type of Storage (HDDs, SDDs), Deployment (on-cloud, on-premise), Service (professional, managed services), Organization Size, Vertical – Forecast till 2023

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