Press release
Video Surveillance Storage Market Revenue to Record Stellar Growth Rate During 2016 - 2022
The ever-increasing installations of surveillance systems across all verticals promises significant growth opportunity for video surveillance storage market. Furthermore, gaining popularity of cloud-based storage coupled with need to comply with necessary security regulations is further expected to buttress the growth of video surveillance storage market during the projected period. However, risk of vendor lock-in, which bars the end-users from migrating to other vendor’s platform, is expected to hinder the growth of video surveillance storage market. Also, high cost associated with storage systems is likely to restrain the growth of the global video surveillance storage market amidst the forecast period 2015-2025.
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Global Video Surveillance Storage Market is segmented by: storage technology, deployment mode, service and region
Video Surveillance Storage Market by Storage Technology
Network Attached Storage
Storage Area Network
Direct Attached Storage
Video Surveillance Storage Market by Deployment Mode
On-Premise
Cloud-Based Deployment
Private Cloud
Public Cloud
Hybrid Cloud
Video Surveillance Storage Market by Service
Implementation & Integration Service
Maintenance Service
Consulting Service
Video Surveillance Storage Market by Region
Asia Pacific
Europe
North America
Latin America
The Middle East & Africa
With the steadily evolving need for safety systems, video surveillance storage market is anticipated to witness healthy CAGR during the projected period. North America was the dominating region in video surveillance storage market in 2014 with market share of more than 35% and is expected to remain dominant followed by Western Europe during the forecast period. Asia Pacific ranks as the fastest growing regional market for video surveillance storage providers with high development rate of corporate sector across countries like China, India and Philippines.
The key vendors in the video surveillance storage market include Cisco Systems Inc., EMC Corporation, Seagate Technology LLC, NetApp Inc., Avigilon Corporation, Buffalo Technology, Hewlett-Packard Company, Dell Inc., Western Digital Corporation, Netgear Inc. and others. Major vendors in the video surveillance storage market follow the strategy of introducing cost-effective hardware and services to end-users for gaining competitive edge. In addition, strategic partnerships with major cloud-based integrators is the other strategy followed by the video surveillance storage providers to gain competitive edge.
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