The usage of video surveillance in various organizations across every vertical is rapidly growing, thereby building up new challenges related to storing the largely increasing volume of raw video footage and dealing with surveillance systems. Various large organizations on an average use over 100 cameras, that functions 24*7 around the clock with no end in sight. A number of surveillance cameras and video analytics is expected to grow significantly and as a result our need for an increased storage of video surveillance. Owing to commercial expansion, a large number of investment is witnessed in video surveillance; as higher capacity storage media is an essential requirement for such system upgrade. Over the last decade, there has been a significant advancement in storage technologies and with the emergence of IP cameras, the process of video surveillance became simplified and demand for video surveillance storage has been significantly increased.
Owing to the large number of increasing surveillance system installations across all industry verticals, there is a huge growth opportunity for video surveillance storage market. Also, owing to growing popularity of cloud-based storage along with the need to adhere to security regulations is further projected to fuel the market for video surveillance storage over the forecast period. However, the threat of vendor lock-in that restricts end-users from implementing the products and systems from other vendors is currently limiting the growth of this market. Further, high cost associated with the deployment of storage systems is also expected to curb the growth of video surveillance storage market.
The global video surveillance storage market is broadly categorized based on technology, storage, service, deployment type, and geography. On the basis of storage technology, the global video surveillance storage market is segmented into network attached storage, storage area network, and direct attached storage. Based on deployment mode, the global market is divided into on-premise and cloud based deployment that is further categorized into private, public and hybrid cloud. On the basis of service, the global video surveillance storage market is divided into implementation & integration service, maintenance service, and consulting service.
Based on geography, the global video surveillance storage market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). Owing to the constantly evolving requirement for safety systems, the global video surveillance storage market is expected to witness robust growth during the future years. Presently, the North American market commands the largest share of the global video surveillance storage market and is estimated to remain market leader followed by Europe. However, the Asia-Pacific is touted to be the rapidly growing regional market for video surveillance storage providers owing to the rapid development rate of corporate sector across emerging countries such as India, China, and Philippines.
The major companies in the global video surveillance storage market include EMC Corporation, Cisco Systems Inc., NetApp Inc., Seagate Technology LLC, Buffalo Technology, Avigilon Corporation, Dell Inc., Hewlett-Packard Development Company L.P., Netgear Inc., Western Digital Corporation, and others. The key players in the video surveillance storage market pursue the strategy of introducing cost-effective hardware and services in order to gain competitive share to end-users. Also, the strategic collaborations and partnerships with cloud-based integrators is the strategy being pursued by the video surveillance storage providers in order to attain market share. Owing to the large number of increasing surveillance system installations across all verticals, there is a huge growth opportunity for video surveillance storage market.
Market by Storage Technology
· Network attached storage
· Storage area network
· Direct attached storage
Market by Deployment Type
· Cloud based
Market by Service
· Implementation & integration service
· Maintenance service
· Consulting service
Market by Geography
· North America
o Rest of Europe
o Rest of Asia-Pacific
· Latin America
o Rest of Latin America
· Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o Rest of MEA
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