Global Video Surveillance Storage Market Growth Analysis - Forecast Trends, Market Size, Share and Outlook (2024-2032)

Global Video Surveillance Storage Market Outlook

The global video surveillance storage market would likely expand at a CAGR of 6.3% during 2024-2032. The global market is likely to be driven by applications in law enforcement, government, education, transportation, gaming, and other domains.

Increasing volumes of video surveillance data highlight the importance of effective storage solutions. North America, Asia, and Europe are likely to be key markets. 

Need to Store Large Volumes of Video Surveillance Data Likely to Drive  Global Market 

Increasing volumes of video surveillance data highlight the importance of effective storage solutions. For example, video surveillance systems today are vital to public safety and effective government functioning. Police and law enforcement agencies today use thousands of surveillance cameras across cities. However, novel video surveillance technologies generate large volumes of data that must be efficiently and safely stored. Similarly, dangers to public transport in light of possible terrorist attacks, vandalism and violence warrant video surveillance at airports, and bus, train and subway stations. With upgraded and expanding surveillance deployments, the amount of data generated needing safe storage also increases continually. Such need for safe data storage is likely to boost the global video surveillance storage market.   

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Uses in Diverse Domains Likely to Boost Market Growth

Applications of video surveillance storage include uses in government (growing security concerns drive growth in video surveillance), education (educational institutions and campuses seek to take measures to keep students safe; this necessitates video surveillance to secure campuses), transportation (enhanced security and monitoring solutions are needed to keep travellers and goods safe), gaming, and others. Such applications are expected to boost the global video surveillance storage market. 

Uses of Video Surveillance in Businesses Likely to Stimulate Market Growth

Several businesses employ video surveillance footage to watch their premises in real time and analyse security related occurrences. Video surveillance is chiefly used in services including financial and banking, retail and transportation; it helps reduce risk of theft, regulate and enhance customer service, and track employee performance. These uses highlight the necessity of large-scale data storage solutions. Solution providers offer local storage, cloud storage and hybrid storage solutions that combine the two.   

Cloud video storage is a key technology for remote monitoring. Benefits of cloud CCTV storage include remote access, easy maintenance, enhanced cyber-security, and regulatory compliance. 

Advanced Solutions by Solution Providers Likely to Drive Market Growth

Leading solution providers offer advanced solutions that are expected to stimulate the global video surveillance storage market. For example, Cisco ® Video Surveillance Storage Series next-generation storage systems allow enterprises to augment capacity while decreasing total power, space, and cost needs. 

Backed by NetApp® E-Series storage system, NetApp® Video Surveillance Storage (VSS) solutions enable easy resolution of challenges related to increased surveillance-data throughput, retention, and retrieval. 

Market Segmentation

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By product, the market is divided into:

• Network Attached Storage

• Storage Area Network

• Direct Attached Storage

• Others

By deployment model, the market is classified into:

• Cloud-Based

• On-Premises

By storage media, the market is segmented into:

• Solid State Drives

• Hard Disk Drives

By vertical, the market is divided into:

• Banking, Financial Services, and Insurance (BFSI)

• Healthcare and Pharmaceutical

• Government and Defence

• Transportation and Logistics

• Media and Entertainment

• Education

• Retail

• Manufacturing, Energy, and Utilities

• Others

By region, the market is divided into:

• Europe

• North America

• Latin America

• Asia Pacific

• Middle East and Africa

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Key Industry Players in the Market

The report extensively assesses major players in the global Video Surveillance Storage market; it evaluates their capacity and monitors latest happenings such as plant turnarounds, capacity expansions, and mergers and acquisitions; key companies include:

• Cisco Systems, Inc

• Dell Technologies Inc

• Huawei Technologies Co., Ltd

• Rasilient Systems Inc.,

• Hitachi Vantara LLC

• Seagate Technology LLC

• Schneider Electric SE

• Others

Key Highlights of the Report