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Top Trends Transforming the Video Surveillance Storage Market Landscape in 2025: Technological Advancements In The Video Surveillance Storage Market
Video Surveillance Storage
What Will the Video Surveillance Storage Industry Market Size Be by 2025?
In recent years, the market size of video surveillance storage has experienced rapid growth. It is predicted to increase from $27.19 billion in 2024 to $32.63 billion in 2025, with a compound annual growth rate (CAGR) of 20.0%. The historical growth has been due to factors such as an increase in surveillance deployments, a shift towards IP-based systems, an uptake of high-definition cameras, data retention needs, security issues, and incident management.
What's the Long-Term Growth Forecast for the Video Surveillance Storage Market Size Through 2029?
Anticipated to witness substantial expansion in the forthcoming years, the market size of video surveillance storage is estimated to reach $71.73 billion in 2029, growing at a compound annual growth rate (CAGR) of 21.8%. The growth during the projected period is ascribed to the influx of new participants in the market, intensified market competitiveness, advancements in the field of data management, affordability and scalability of solutions, and industry-specific requirements. Notable trends for the forecast period encompass the adoption of edge storage, a focus on cost-efficiency and return on investment (ROI), the implementation of hybrid storage strategies, the use of cloud-based storage solutions, and the integration of video analytics.
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What Are the Key Growth Drivers Fueling the Video Surveillance Storage Market Expansion?
The video surveillance storage market is anticipated to grow due to the likely occurrence of terrorist attacks. These acts of violence, usually committed with an intention to instil fear and panic or for political, ideological, or religious persuasion, are often carried out by groups or non-state actors. The crucial role of video surveillance storage in counterterrorism initiatives is evident as it offers invaluable information for security incidents' investigation and analysis, including terrorist attacks. For example, the Global Terrorism Index by the Institute for Economics & Peace, an Australian think tank, revealed in 2023 that terrorist attacks turned more lethal in 2022, causing an average of 1.7 deaths per attack as opposed to 1.3 deaths in 2021. Consequently, the escalating rate of terrorist incidents is fuelling the expansion of the video surveillance storage market.
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What Are the Key Trends Driving Video Surveillance Storage Market Growth?
Advancements in technology are becoming a primary trend in the video surveillance storage market. Many leading companies are now leaning towards cloud-based video surveillance storage for better and large-scale storage. This technology transfers the recorded video to the cloud, offering unlimited storage capacity. For instance, in June 2024, Blackmagic Design, an Australian digital camera company, teamed up with Apple, a US-based tech firm, to launch the first URSA Cine Immersive camera. This camera has a specific system and editing software designed for Apple Immersive Video on the Apple Vision Pro. It comes with an integrated 8TB high-performance network storage system capable of recording over two hours of Blackmagic RAW in 8K stereoscopic 3D. This functionality enables editors to begin working on the footage immediately from distant locations, as the captured media can be synced to Blackmagic Cloud and DaVinci Resolve media bins instantly. Moreover, the camera supports the creation of small H.264 proxy files for quicker cloud uploads, paving the way for efficient collaborative workflows.
How Is the Video Surveillance Storage Market Segmented?
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
Subsegments:
1) By Storage Area Network (SAN): Fiber Channel SAN, iSCSI SAN
2) By Network Attached Storage (NAS): Single-Bay NAS, Multi-Bay NAS
3) By Direct Attached Storage (DAS): External Hard Drives, Internal Hard Drives
4) By Video Recorders: Digital Video Recorders (DVR), Network Video Recorders (NVR)
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Which Companies Are Leading the Charge in Video Surveillance Storage Market Innovation?
Major companies operating in the video surveillance storage market are Dell Technologies Inc., Hitachi Ltd., Seagate Technology LLC, Robert Bosch GmbH, Avigilon Corporation, Hangzhou Hikvision Digital Technology Co. Ltd., Panasonic Corporation, Pelco Incorporated, Huawei Technologies Co. Ltd., Axis Communications AB, BCDVideo LLC, Dahua Technology Co. Ltd., AxxonSoft Inc., Digital Watchdog Inc., Exacq Technologies Inc., Genetec Inc., Hanwha Vision, March Networks Corporation, Milestone Systems, 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
Which Regions Are Leading the Global Video Surveillance Storage Market in Revenue?
North America was the largest region in the video surveillance storage market share in 2024. The regions covered in the video surveillance storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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