Global Video Surveillance Storage Market (2021-2027) by Services, Storage Technologies, Storage Media, Organization Size, Deployment, Application, End User Industry and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Global Video Surveillance Storage Market (2021-2027) by Services, Storage Technologies, Storage Media, Organization Size, Deployment, Application, End User Industry and Geography, IGR Competitive Analysis, Impact of Covid-19, Ansoff Analysis

Introduction

The Global Video Surveillance Storage Market is estimated to be USD 7.35 Bn in 2021 and is expected to reach USD 10.72 Bn by 2027, growing at a CAGR of 6.5%.

Several companies across the globe are investing in installing video surveillance in their workplace. Similarly, governments across several regions have also mandated industries to install these surveillance systems to enhance security. Hence, these investments and mandatory rules drives the market growth of the VSS market. The increasing technological advancement and R&D activities for data storage facilities will also create significant revenue growth opportunities in the global video surveillance storage market in the coming period.

Moreover, a lack of awareness regarding the availability of storage systems and technologies and the increasing bandwidth cost are some of the challenging factors that would restrain the growth of the video surveillance storage market. Certain other factors like the high cost associated with storage systems and risk of vendor lock-in, which bars the end-users from migrating to other vendor’s platform, is also expected to affect the growth of video surveillance storage market during the forecast period.

Market Dynamics

DriversIncreasing Physical Threats WorldwideIP Cameras Require High Storage CapacitiesIncreasing Necessity and Mandates for Video Surveillance across Industry VerticalsGrowing Funds from Governments and Stakeholders for Developing Smart CitiesRestraintsLow Availability and Awareness of Systems and Storage TechnologiesVarious Video Surveillance Rules in WorkplaceOpportunitiesImpact of Disruptive Technologies on Video Surveillance SystemsGrowing Funds from Governments and Stakeholders for Developing Smart CitiesChallengesCyber Security Attacks and Data BreachesDemand for Higher Bandwidth Leading to Higher Associated CostsSegments Covered

By Services, Implementation & Integration Services will have the highest market share during the forecast period. It is due to the costs involved with the hardware and software systems needed for the implementation and client-side maintenance of the surveillance system. The demand for cloud-based video surveillance is also increasing, which led to an increasing demand for I&I services.

By Storage Technologies, Storage Area Network (SAN) segment is estimated to have the highest CAGR in the global video surveillance storage market. This segment is growing due to the increasing digitalization and adoption of fiber channel connectivity. It offers reliable, scalable, and high-performance storage solutions.

By Storage Media, the Profession Solid State Drives is expected to have the largest market share in the Global Video Surveillance Storage Market. Solid State Drives (SSDs) replace the traditional hard disks by using flash-based memory. This drive will speed up the computers due to their low read-access times and are much more durable. This feature makes them attractive for video surveillance environments, mainly where mobility and weather conditions are important considerations. SSDs are more reliable and applicable in video surveillance systems because it improves security, provides faster access to critical information, reduces the total cost of ownership, and enhances the overall value and benefits of video surveillance solutions.

By Organization Size, Large Enterprises are estimated to hold a larger market size during the forecast period. Due to the wide geographical presence and huge customer database, large enterprises are highly adopting VSS solutions. Also, there is an increasing demand for high-resolution cameras with huge storage capacity in large enterprises as these enterprises use more than 100 cameras on average, which are functioning 24x7 to provide security. Thus, the increasing installations of surveillance systems across all the major verticals contribute to the growth of the VSS market.

By Deployment, On Cloud Segment is expected to grow at a higher CAGR during the forecast period owing to its operational flexibility and ease in real-time deployment to companies as compared to on-premises deployment mode. Cloud-based video surveillance storage and management is an emerging approach that provides the highest level of data security and reliability. Many industry verticals are adopting the cloud deployment mode, as it helps them to avoid costs of hardware, software, and storage.

By Application, City Surveillance is expected to hold the highest market share during the forecast period. This application helps in monitoring criminal activities in public places like airports, railway stations, theaters, playgrounds, institutes, etc. It also helps in monitoring the traffic.

By Vertical, Healthcare & Pharmaceuticals sector dominated the Video Surveillance Storage Market during the forecast period. This is due to the increasing growth of drug-related crimes, gang violence, and patient outbursts. Terrorist attacks have also forced the hospitals to keep more safety measures by video monitoring of inside and outside premise of the hospital. Also, to protect from false claims against nurses, physicians, and staff, the hospital administrators are relying more on video surveillance data.

By Geography, North America is expected to contribute the highest revenue share in the video surveillance storage market during the forecast period. It is due to the presence of prominent players operating in these countries. Also, VSS solutions are rapidly deployed to monitor the city traffic, control and investigate the crime scenes, and store video surveillance footage. APAC countries such as China, India, and Australia have also expected growth in this market as the companies such as Dell, Cisco, and IBM are expanding their cloud-based storage business in these regions due to IT infrastructure availability.

The Global Video Surveillance Storage Market is segmented based on Services, Storage Technologies, Storage Media, Organization Size, Deployment, Application, End User Industry and Geography.

Global Video Surveillance Storage Market, By ServicesIntroductionMaintenance and Support ServiceImplementation & Integration ServiceConsulting and Design ServiceGlobal Video Surveillance Storage Market, By Storage TechnologiesIntroductionOperations Storage Area Network (SAN)Network Attached Storage (NAS)Direct Attached Storage (DAS)Video RecordersGlobal Video Surveillance Storage Market, By Storage MediaIntroductionProfession Solid State DrivesHard Disk DrivesGlobal Video Surveillance Storage Market, By Organization SizeIntroductionSmall and Medium-sized EnterprisesLarge EnterprisesGlobal Video Surveillance Storage Market, By DeploymentIntroductionOn CloudOn-PremisesGlobal Video Surveillance Storage Market, By ApplicationIntroductionCommercialIndustrialCity SurveillanceDefence/MilitaryGlobal Video Surveillance Storage Market, By End User IndustryIntroductionHealthcare & PharmaceuticalsMedia & EntertainmentRetailGovernment and DefenceTelecommunication and ITBanking, Financial Services, and Insurance (BFSI)EducationTransportation and LogisticsManufacturing, Energy, And UtilitiesGlobal Video Surveillance Storage Market, By GeographyIntroductionNorth AmericaSouth AmericaEuropeAsia PacificThe Middle East and AfricaCompany Profiles

Some of the companies covered in this report are Hitachi, Ltd., Seagate Technology LLC, NetApp, Inc., Cisco Systems, Inc., Dell EMC, Robert Bosch GmbH, Micron Technology Inc., Nexsan Inc., Rasilient System Inc., AXIS Communications AB, VIVOTEK, Inc., Milesight Technology Co. Ltd., Promise Technology Inc., Toshiba Corporation, Zhejiang Uniview Technologies Co. Ltd., Thomas-Krenn.AG, AMAX Engineering Corporation, Pelco Inc., CP PLUS Management GmbH, and Fujitsu Limited.

IGR Competitive Quadrant

The report includes IGR Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance Score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Lions:Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.

Bulls:Companies that are medium in size competing with their USPs, growing companies with proven market share.

Rabbits:Small companies but growing rapidly, constantly improving their offerings in the market

Tortoise:Companies which are slow in growth, having a long legacy, and stable or negative in performance

Why buy this report?

The report offers a comprehensive evaluation of the Global Video Surveillance Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
The report also contains the competitive analysis using IGR Competitive Quadrant, Infogence’s Proprietary competitive positioning tool.

Report Highlights:A complete analysis of the market including parent industryImportant market dynamics and trendsMarket segmentationHistorical, current, and projected size of the market based on value and volumeMarket shares and strategies of key playersRecommendations to companies for strengthening their foothold in the market