Possible Terrorist Attacks Are Anticipated To Fuel The Video Surveillance Storage Market: Core Growth Enabler in the Video Surveillance Storage Market, 2025

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What Will the Video Surveillance Storage Industry Market Size Be by 2025?
In recent times, the video surveillance storage market has experienced accelerated expansion. It's predicted to increase from $27.19 billion in 2024 to $32.39 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 19.1%. Factors contributing to past growth include an increase in surveillance installation, migration to IP-based systems, the emergence of high-definition cameras, data retention needs, heightened security necessities, and incident management.

What's the Long-Term Growth Forecast for the Video Surveillance Storage Market Size Through 2029?
The market for video surveillance storage is anticipated to experience a significant expansion in the coming years. It is projected to increase to $70.29 billion by 2029, with a compound annual growth rate (CAGR) of 21.4%. Factors contributing to this growth in the forecast period include the entrance of new market participants, market competitiveness, improvements in data management, cost-effectiveness and scalability of solutions, as well as specific demands from various industries. The forecast period also expects to see key trends such as the embrace of edge storage, a focus on cost efficiency and return on investment (ROI), the use of hybrid storage methodologies, the adoption of cloud 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's growth is predicted to be propelled by the anticipated potential terrorist attacks. These terrorist attacks are generally violent acts committed with intent, often by non-state entities or groups, with the objective of instilling fear, causing panic, or enforcing political, ideological, or religious intimidation. Video surveillance storage is incredibly important in combating terrorism as it provides vital data for the examination and assessment of security incidents, including terrorist attacks. For example, in 2023, according to the Global Terrorism Index by the Institute for Economics & Peace, an Australian-based Think Tank, terrorist attacks in 2022 were more lethal than before, leading to an average of 1.7 fatalities per attack compared to 1.3 deaths per attack in 2021. Thus, the uptick in terrorist attacks is a driving factor for the expansion of the video surveillance storage market.

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What Are the Key Trends Driving Video Surveillance Storage Market Growth?
The rise in technological innovations is a significant trend currently shaping the video surveillance storage market. Top-tier companies are showing a preference for cloud-based video surveillance storage due to its vast and efficient storage capacity. When utilizing cloud-based video surveillance storage, the recorded video is transported to the cloud, granting unlimited storage space. For example, in June 2024, Blackmagic Design, an Australian digital camera company and producer, paired up with Apple, a leading technology company in the US to create the first URSA Cine Immersive camera. This camera is a saleable camera system with editing software exclusively for Apple Immersive Video on the Apple Vision Pro. The camera is equipped with an 8TB high-performance network storage system which can record over two hours of Blackmagic RAW in 8K 3D stereo. This trait affords editors to immediately work on footage from various locations because the recorded media can be simultaneous synced to Blackmagic Cloud and DaVinci Resolve media bins. The camera is also equipped with creating small H.264 proxy files that speeds up cloud uploads, promoting effective collaboration workflows.

How Is the Video Surveillance Storage Market Segmented?
The video surveillance storagemarket 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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