Video Surveillance Storage Market Outlook
According to the report by Expert Market Research (EMR),“Video Surveillance Storage Market Size, Share, Growth, Analysis, Report and Forecast 2024-2032, the global video surveillance storage market is projected to grow at a CAGR of 6.3% between 2024 and 2032. Aided by the growing need for advanced security measures and expanding use of surveillance systems in diverse sectors, the market is expected to grow significantly by 2032.
Video surveillance storage refers to the collective measures and technologies used to store video surveillance data. These systems play an essential role in security, investigation, and data analysis across various industries, including commercial establishments, government institutions, healthcare, and transportation. Besides its primary role in storage, video surveillance storage also boasts excellent data management and retrieval capabilities, making it an invaluable resource in the contemporary digital age.
The growing emphasis on security and the need for advanced monitoring are propelling the global video surveillance storage market growth. With rising crime rates and security breaches, there has been a considerable increase in the demand for effective surveillance systems, thereby leading to a surge in demand for video surveillance storage solutions. Moreover, the ongoing digitalisation trend across various sectors has also amplified the need for these storage solutions, given the escalating volumes of surveillance data being generated daily.
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The broadening applications of video surveillance storage in numerous sectors also significantly drive the video surveillance storage market demand. Government institutions use these systems for public safety, law enforcement, and traffic monitoring. In healthcare, video surveillance storage assists in monitoring patient activities and ensuring adherence to health and safety standards. Commercial establishments utilise these solutions for security, theft prevention, and efficient business operations.
Furthermore, the advent of innovative technologies, such as artificial intelligence (AI) and machine learning, has resulted in advanced video surveillance storage solutions. These technologies enhance data analysis capabilities, enable real-time threat detection, and improve overall system efficiency. The adoption of these tech-driven storage solutions is on the rise, further bolstering the video surveillance storage market expansion. In addition, continuous technological advancements, paired with growing investments in research and development, are expected to overcome these hurdles and offer lucrative opportunities for market expansion.
Video Surveillance Storage Market Segmentation
The market can be divided based on product, deployment model, storage media, vertical, and region.
Market Breakup by Product
• Storage Area Network
• Network Attached Storage
• Direct Attached Storage
• Others
Market Breakup by Deployment Model
• Cloud-Based
• On-Premises
Market Breakup by Storage Media
• Solid State Drives
• Hard Disk Drives
Market Breakup by Vertical
• Healthcare and Pharmaceutical
• Government and Defence
• Banking, Financial Services, and Insurance (BFSI)
• Education
• Transportation and Logistics
• Media and Entertainment
• Retail
• Manufacturing, Energy, and Utilities
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global video surveillance storage companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Cisco Systems, Inc
• Dell Technologies Inc
• Huawei Technologies Co., Ltd
• Rasilient Systems Inc.,
• Hitachi Vantara LLC
• Seagate Technology LLC
• Schneider Electric SE
• Others
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