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Video Surveillance Storage Market Demand, Analysis, Size And Growth Forecast By 2033
Video Surveillance Storage Market
As per the report, 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 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%.
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Possible Terrorist Attacks Are Anticipated To Fuel The Video Surveillance Storage Market
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.
Technological Advancements In The Video Surveillance Storage Market
Technological advancements are a key trend gaining popularity in the video surveillance storage market. Major companies are focusing on cloud-based video surveillance storage for efficient and massive storage. With cloud-based video surveillance storage, the captured video is moved to the cloud and has infinite storage space. For instance, in September 2021, Ava Security, a US-based company specializing in unified physical and cyber security, launched Ava Cloud Storage. Ava Cloud Storage allows users to intelligently back up their video content in the cloud, ensuring a trustworthy, economical, and convenient archive for as long as possible. With this, the customer no longer needs to acquire the entire film 24/7 and may be more strategic about video storage. This strategic storage is achieved because Ava Cloud Storage uses machine learning-based Smart Recording to evaluate which activities or occurrences are relevant.
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
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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
Contents of the report:
1. Executive Summary
2. Video Surveillance Storage Market Report Structure
3. Video Surveillance Storage Market Trends And Strategies
4. Video Surveillance Storage Market - Macro Economic Scenario
5. Video Surveillance Storage Market Size And Growth
…..
27. Video Surveillance Storage Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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