Global Video Surveillance Storage Market Size Surges as Surveillance Infrastructure Grows

The video surveillance storage market size was valued at $12.3 billion in 2021, and is estimated to reach $39.5 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031.

Video surveillance storage is the process of storing real-time video data produced by surveillance cameras on a storage device. The data can then be retrieved at a later stage to examine the event or action as evidence of the state in file or block form. Video surveillance systems are used for campus safety, hospital and patient safety, stadium safety, airport safety, and police safety.

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High-resolution surveillance cameras, including 4K and even 8K models, have become mainstream in video surveillance. These cameras generate large volumes of high-quality video data, necessitating advanced storage solutions capable of handling the increased data load. As a result, the Video Surveillance Storage market is witnessing a surge in demand for high-capacity, high-performance storage solutions to accommodate these cameras' requirements.

Edge storage is gaining prominence as a trend in video surveillance. With edge storage, video data is stored locally on the camera or on network-attached storage (NAS) devices near the cameras, reducing the load on centralized servers. This approach offers lower latency and improved redundancy, making it a popular choice, especially in applications where real-time video analysis is critical.

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The integration of artificial intelligence (AI) and analytics into video surveillance systems is a significant trend. AI-powered video analytics enable real-time object recognition, facial recognition, and anomaly detection. As AI-driven video analysis becomes more prevalent, there is a growing need for storage solutions that can efficiently manage and store the data generated by these intelligent systems.

Cloud-based video surveillance storage is on the rise, offering scalability, remote access, and reduced on-premises infrastructure requirements. Many organizations are adopting hybrid storage solutions that combine on-premises and cloud-based storage to strike a balance between security and flexibility. This trend allows organizations to leverage the benefits of cloud storage while maintaining control over critical data.

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Region wise, the video surveillance storage industry was dominated by North America in 2021 and is expected to retain its position during the forecast period owing to rise in usage of video surveillance storage in government, commercial, residential and industrial sector for security purposes.

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The key players that operate in the video surveillance storage market analysis are Carbon Black Inc., Cisco Systems, Inc., Crowdstrike Inc., Intel Corporation, McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., RSA Security LLC., Symantec Corporation, and Trend Micro Incorporated. These players have adopted various strategies to increase their market penetration and strengthen their position in the video surveillance storage industry.

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