Press release
Insights into Video Surveillance Storage Market: Forecast, Drivers, Scope 2024-2033 || Cisco Systems Inc., Dell Technologies Inc., Hitachi Ltd
Video Surveillance Storage Global Market Report 2024
The Business Research Company presents an extensive market research report on the Video Surveillance Storage Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The video surveillance storage market size has grown exponentially in recent years. It will grow from $22.91 billion in 2023 to $27.76 billion in 2024 at a compound annual growth rate (CAGR) of 21.2%. The growth in the historic period can be attributed to surge in surveillance deployments, transition to ip-based systems, rise in high-definition cameras, data retention requirements, security concerns and incident management..
The video surveillance storage market size is expected to see exponential growth in the next few years. It will grow to $58.69 billion in 2028 at a compound annual growth rate (CAGR) of 20.6%. The growth in the forecast period can be attributed to market entry of new players, market competitiveness, advancements in data management, cost-effective and scalable solutions, vertical-specific demands.. Major trends in the forecast period include adoption of edge storage, cost-efficiency and roi focus, hybrid storage approaches, cloud-based storage solutions, integration of video analytics..
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Key Market Players:
Major companies operating in the video surveillance storage market report are Cisco Systems Inc., Dell Technologies Inc., Hitachi Ltd., Seagate Technology LLC, Robert Bosch GmbH, Avigilon Corporation, Schneider Electric SE, Hangzhou Hikvision Digital Technology Co. Ltd., Panasonic Corporation, Pelco Incorporated, Huawei Technologies Co. Ltd., Axis Communications AB, BCDVideo LLC, Dahua Technology Co. Ltd., FLIR Systems Inc., AxxonSoft Inc., Bosch Security Systems, Inc., Digital Watchdog Inc., Exacq Technologies Inc., Genetec Inc., Hanwha Vision, Hewlett Packard Enterprise Company, Intransa Inc., March Networks Corporation, Milestone Systems, NetApp Inc., NICE Systems Ltd., Pivot3, Promise Technology Inc., QNAP Systems Inc., Quantum Corporation, Razberi Technologies Inc., Salient Systems Corporation, Synology Inc., Toshiba Corporation, Western Digital Corporation
Market Drivers:
Possible terrorist attacks are expected to propel the growth of the video surveillance storage market going forward. Terrorist attacks refer to intentional acts of violence, typically perpetrated by non-state actors or groups, with the aim of creating fear, panic, or political, ideological, or religious intimidation. Video surveillance storage plays a crucial role in counterterrorism efforts by providing essential data for the investigation and analysis of security incidents, including terrorist attacks. For instance, in 2023, according to the Global Terrorism Index by the Institute for Economics & Peace, an Australia-based Think tank, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Therefore, the increasing number of terrorist attacks is driving the video surveillance storage market.
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https://www.thebusinessresearchcompany.com/report/video-surveillance-storage-global-market-report
The video surveillance storage market covered in this report is segmented -
1) By Products: Storage Area Network (SAN) , Network Attached Storage (NAS) , Direct Attached Storage (DAS) , Video Recorders
2) By Storage Media: Hard Disk Drive (HDD) , Solid State Drive (SSD)
3) By Deployment Modes: Cloud, On-premises
4) By Vertical: Banking, Financial Services and Insurance (BFSI) , Education
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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