Global Video Surveillance Storage Market

Video Surveillance Storage Market Size, Share, Growth Analysis, By Storage Technology(Network Attached Storage (NAS), Direct Attached Storage (DAS)), By Storage Media(Hard Disk Drives (HDD), Solid State Drives (SSD)), By Deployment Model(On-Premises, Cloud-Based) - Industry Forecast 2024-2031

Report ID: SQMIG50J2010 | Region: Global | Published Date: February, 2024
Pages: 177 | Tables: 88 | Figures: 76

Video Surveillance Storage Market Insights

Global Video Surveillance Storage Market size was valued at USD 21.31 billion in 2021 and is poised to grow from USD 22.82 billion in 2022 to USD 39.5 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

The global Video Surveillance Storage marketplace is witnessing robust boom pushed via escalating security concerns, increasing adoption of video surveillance structures, and technological improvements. The proliferation of clever towns and the need for superior surveillance solutions make a contribution to the marketplace's expansion. Cloud-based totally garage answers are gaining prominence, offering scalability and accessibility. However, challenges like records privacy worries and high implementation costs act as restraints. As the demand for excessive-resolution cameras rises, storage necessities surge, stimulating the market further.

Key traits encompass the combination of Artificial Intelligence (AI) for video analytics and the emergence of part storage answers for decentralized processing. North America and Asia-Pacific are key regions riding marketplace growth, with ongoing urbanization and infrastructure development fostering the deployment of video surveillance garage solutions.

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Video Surveillance Storage Market size was valued at USD 21.31 billion in 2021 and is poised to grow from USD 22.82 billion in 2022 to USD 39.5 billion by 2030, growing at a CAGR of 7.1% in the forecast period (2023-2030).

The competitive environment of the Video Surveillance Storage marketplace is dynamic and is characterized by severe opposition among key gamers striving for market share and technological management. Established businesses in the sector regularly interact in strategic partnerships and collaborations to enhance their product portfolios and increase their worldwide attain. The market sees a mixture of giants with great sources and regional players leveraging nearby insights. 'Seagate Technology', 'Western Digital Corporation', 'Hikvision', 'Dahua Technology', 'Samsung Electronics', 'Axis Communications', 'Honeywell Security & Building Technologies', 'Bosch Security Systems', 'Milestone Systems', 'Avigilon Corporation', 'Sony Corporation', 'Panasonic Corporation', 'Tyco Security Products', 'Pelco Inc.', 'Vivotek Inc.', 'Uniview Technologies Co., Ltd.', 'Hanwha Techwin', 'Greenwald Industries', 'Verint Systems', 'Anix HD'

The increasing demand for superior safety and surveillance solutions throughout various sectors, which includes business, residential, and government packages. The rising risk belief, coupled with a developing recognition of the advantages of video surveillance, drives the adoption of advanced garage systems. Furthermore, the surge in clever town initiatives and infrastructure development globally intensifies the need for robust video surveillance storage solutions.

Rising Adoption Of Artificial Intelligence (Ai): The growing adoption of Artificial Intelligence (AI) and analytics in video surveillance garage solutions. AI-powered video analytics enhance records processing skills, allowing real-time insights and predictive analytics. Another key fashion is the growing prevalence of edge garage answers, allowing decentralized processing on the deliver of statistics seize.

North America is likely to dominate the market because of its superior technological infrastructure, high adoption of surveillance systems in diverse sectors (which includes business, authorities, and home), and growing issues concerning safety and public protection. The presence of key marketplace gamers and ongoing improvements in video surveillance technologies make a contribution to North America's prominence in the Video Surveillance Storage marketplace.

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Global Video Surveillance Storage Market

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