As per MRFR analysis, the India Video Surveillance Storage Market Size was estimated at 2.65 (USD Billion) in 2023.The India Video Surveillance Storage Market Industry is expected to grow from 3.17(USD Billion) in 2024 to 15.62 (USD Billion) by 2035. The India Video Surveillance Storage Market CAGR (growth rate) is expected to be around 15.605% during the forecast period (2025 - 2035).
Key India Video Surveillance Storage Market Trends Highlighted
The India Video Surveillance Storage Market is expanding rapidly, owing to rising security concerns and the need for increased safety measures across a wide range of industries. One of the primary market drivers is the increase in urbanization and infrastructure development, as cities grow and demand powerful surveillance systems for safety. The Indian government's initiatives, such as the Smart Cities Mission, have sparked investments in surveillance technologies, increasing the need for efficient and scalable video surveillance storage systems.Â
Furthermore, the expanding use of cloud storage is disrupting old approaches, with enterprises in India seeking cost-effective and dependable storage choices that provide scalability and ease of access. In recent years, there has been a clear trend of integrating artificial intelligence with video surveillance systems, which improves data analytic capabilities and operational efficiency.Â
This trend is especially noticeable in the retail and transportation industries, where companies are using analytics to improve safety and customer experience. Furthermore, the Indian industry is placing a greater emphasis on IP-based security cameras, which require modern storage solutions due to high-definition video content. There are numerous prospects for organizations that specialize in video surveillance storage, particularly in sectors such as healthcare, banking, and education.Â
The growing need for compliance with data privacy legislation is influencing procurement patterns, prompting enterprises to seek safe storage choices that correspond to shifting regulatory frameworks. Thus, the India Video Surveillance Storage Market is expected to grow further, fueled by innovation and increased demand across a variety of sectors.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
India Video Surveillance Storage Market Drivers
Rising Security Concerns in India
The increasing rate of crime and terrorism-related incidents in India has stimulated the demand for enhanced surveillance solutions. As reported by the Ministry of Home Affairs, there has been a significant rise in crimes over the past decade, with a 45% increase in registered crimes from 2010 to 2020. This surge in criminal activities has forced various sectors, including transportation and public safety, to invest heavily in video surveillance systems.Companies like Hikvision and CP Plus have seized this opportunity by providing advanced video storage solutions that cater specifically to the heightened security concerns across urban and rural areas of India.Â
Moreover, the government has initiated several smart city projects aimed at improving urban infrastructure, which includes the deployment of intelligent surveillance systems. This results in a pressing demand for robust video surveillance storage solutions within the India Video Surveillance Storage Market Industry, enabling organizations to safeguard their assets while complying with regulatory requirements.
Technological Advancements Driving Adoption
Technological innovations in video surveillance systems, such as artificial intelligence (AI) and cloud storage, are major growth drivers for the India Video Surveillance Storage Market Industry. The Ministry of Electronics and Information Technology is actively promoting the use of AI technologies, with the goal of increasing the adoption of these technologies by various sectors, including the security industry.Â
A report by NASSCOM states that AI adoption in India is anticipated to grow by 29.6% annually, presenting significant opportunities for innovative storage solutions compatible with advanced surveillance systems.Companies such as Dahua Technology and Axis Communications are implementing cutting-edge technologies to enhance video quality and storage efficiency, thus bolstering the market. These advancements, combined with industry partnerships, are essential for meeting the needs of a rapidly evolving surveillance landscape in India.
Government Initiatives and Funding
India's government has launched multiple initiatives aimed at strengthening national security through improved surveillance solutions. Initiatives such as the Smart Cities Mission and the National Policy on Security have resulted in substantial investments in surveillance infrastructure.Â
According to the Ministry of Housing and Urban Affairs, a budget of over 20 billion dollars is allocated for smart city projects, which includes funding for enhancing video surveillance systems.This push for surveillance infrastructure development creates a burgeoning opportunity for players in the India Video Surveillance Storage Market Industry. Organizations like Bosch Security Systems are responding by expanding their product offerings to meet the specifications laid down in these government projects, which ultimately enhances storage solutions tailored for urban safety enhancements.
Video Surveillance Storage Market Storage Technology Insights
The Storage Technology segment within the India Video Surveillance Storage Market demonstrates a dynamic landscape catering to the growing demand for efficient data management and security solutions. This segment encompasses various technologies that enhance data storage efficiency and retrieval safety, which are increasingly critical in the context of expanding urbanization and infrastructure development across India. With the continual rise in video surveillance installations, driven by both public safety awareness and technological advancements in security equipment, the need for reliable storage solutions has become evident. Within this segment, technologies such as Storage Area Network (SAN), Direct Attached Storage (DAS), and Network Attached Storage (NAS) play important roles.Â
SAN is recognized for its ability to provide high-speed data access and is often utilized in large-scale surveillance operations where performance and reliability are crucial. DAS serves as a straightforward solution, attaching directly to servers and allowing rapid data access for smaller installations, making it a cost-effective option for various lower-scale applications. On the other hand, NAS offers greater flexibility and scalability, allowing multiple devices to access storage over a network, which is ideal for expansive surveillance systems that need to manage vast amounts of video data efficiently.The increasing adoption of advanced surveillance technologies, such as artificial intelligence and machine learning, also elevates the demand for innovative storage solutions that can support real-time processing and analytics.Â
As governmental initiatives, such as Smart Cities Mission, encourage the implementation of intelligent surveillance systems, the need for robust storage solutions to accommodate the resulting increase in data traffic becomes pronounced. Factors contributing to the growth of this segment include the urgent requirement for data security, compliance with regulations, and the evolving landscape of cyber threats, which necessitate secure and reliable storage options.India's rapidly evolving digital infrastructure and the proliferation of Internet of Things (IoT) devices further amplify the importance of the Storage Technology segment, as these devices generate vast amounts of data that require efficient storage solutions.Â
Furthermore, advancements in cloud computing are influencing storage preferences, with some entities favoring cloud-based systems for enhanced accessibility and disaster recovery capabilities. Maintaining a balance between performance, cost, and scalability will be crucial as stakeholders navigate the diverse offerings within the key technologies of SAN, DAS, and NAS.As the country witnesses significant developments in its surveillance landscape, driven by infrastructure growth and heightened security awareness, the Storage Technology segment is poised to evolve, presenting opportunities for innovation and market expansion.Â
Businesses are expected to capitalize on the trends in video surveillance and storage solutions to enhance their operational efficiency and security postures, aligning with national priorities concerning safety and surveillance. This transformation in the market landscape will likely prompt continued investment into advanced storage technologies, thereby influencing the expansion and maturation of the India Video Surveillance Storage Market industry.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Video Surveillance Storage Market Type of Storage Insights
The India Video Surveillance Storage Market is segmented by Type of Storage, primarily comprising Hard Disk Drives (HDDs) and Solid State Drives (SSDs). HDDs have traditionally been the backbone of data storage in video surveillance systems due to their large capacity and cost-effectiveness, making them suitable for extensive video retention requirements. They dominate this market segment, as organizations often favor HDDs for their ability to store high volumes of data at a lower cost per terabyte.Â
On the other hand, SSDs are gaining traction, particularly because of their faster data retrieval speeds and enhanced durability.As businesses and government entities in India strive for real-time monitoring and analytics, the demand for SSDs is increasing, albeit at a slower pace. With the rising focus on smart city initiatives and improved security infrastructure across urban areas in India, the video surveillance storage needs are evolving, leading to a blended approach where both HDDs and SSDs play essential roles in enhancing system performance and reliability. The growth in surveillance needs, driven by urbanization and public safety concerns, is fostering innovation in storage technologies, which is expected to further influence the dynamics of the India Video Surveillance Storage Market in the coming years.
Video Surveillance Storage Market Deployment Insights
The Deployment segment of the India Video Surveillance Storage Market is gaining momentum as it reflects the ongoing transition in security solutions. Organizations in India are increasingly adopting a blend of On-cloud and On-premise solutions to meet their diverse surveillance needs. On-cloud deployment offers the advantage of scalability and flexibility, allowing businesses to easily adapt their storage capacity based on requirements. This is particularly essential in a rapidly evolving technology landscape where data can escalate quickly.Â
Conversely, On-premise solutions are preferred by entities requiring heightened security and control over their sensitive data, particularly in sectors such as government and banking.The market is witnessing significant growth, driven by rising security concerns and the government's focus on smart city initiatives, which emphasize enhanced public safety measures through advanced surveillance systems. The deployment preferences reflect broader trends in digital transformation across industries in India, accommodating the varying needs of enterprises while ensuring compliance with local regulations and data protection standards. As both deployment options evolve, their significance will continue to shape the overall dynamics of the India Video Surveillance Storage Market.
Video Surveillance Storage Market Service Insights
The India Video Surveillance Storage Market is witnessing significant growth driven by rapid advancements in technology and increasing security concerns across various sectors. Within the Service segment, Professional and Managed services play a crucial role, addressing diverse needs in surveillance infrastructure management, data redundancy, and security system optimization. Professional services are essential for designing and implementing tailored surveillance solutions, ensuring that clients derive maximum efficiency from their storage systems.
Managed services, on the other hand, provide ongoing support and maintenance, a feature that is increasingly vital as data volumes grow and compliance requirements tighten. This dual approach not only enhances operational efficiency but also assures organizations of continuous system performance and data security. As businesses continue to invest in innovative surveillance technologies and prioritize safety, the Service segment is poised to capitalize on emerging trends, including artificial intelligence and cloud-based storage solutions. The government's push for smart city initiatives across India has further bolstered the necessity for reliable surveillance storage services, creating substantial opportunities within this sector.
India Video Surveillance Storage Market Key Players and Competitive Insights
The India Video Surveillance Storage Market is characterized by a dynamic landscape where several players strive for leadership through innovation and strategic investments. As the demand for enhanced security solutions grows across various sectors such as retail, banking, and transportation, the competition among providers of video storage solutions intensifies. This market remains influenced by technological advancements, particularly in cloud storage and network video recorders, which are increasingly favored for their scalability and efficiency.Â
Therefore, it is essential to analyze the competitive environment that shapes the offerings, functionalities, and accessibility of video surveillance storage solutions.Hikvision holds a significant position within the India Video Surveillance Storage Market, primarily due to its extensive range of products and its ability to provide end-to-end solutions. Its strengths lie in its advanced technology, robust storage capabilities, and a strong distribution network that spans across urban and rural areas, allowing easy access to its offerings.Â
Hikvision's commitment to research and development aids in the continuous enhancement of its surveillance systems, ensuring that they meet varying consumer needs effectively. The company emphasizes a customer-centric approach by providing tailored solutions to help organizations bolster their security infrastructure, thus enhancing their competitive advantage and market penetration in India.Genetec also plays a pivotal role in the India Video Surveillance Storage Market, focusing on its innovative software solutions for video management, access control, and license plate recognition. The company is recognized for its high reliability and performance, making it a preferred choice among enterprise-level customers who demand robust security features.Â
Genetec’s key offerings include its Security Center platform, which integrates various security systems for a unified approach. The company further solidifies its market presence through strategic partnerships and collaborations with regional players, which enhance its distribution and support capabilities. Additionally, Genetec is actively involved in acquisitions aimed at broadening its technological portfolio, thereby bolstering its strengths in addressing the security needs arising in an evolving digital landscape. These strategies collectively underscore Genetec's commitment to delivering cutting-edge solutions in the Indian market while leveraging its strengths to maintain a competitive edge.
Key Companies in the India Video Surveillance Storage Market Include:
India Video Surveillance Storage Market Industry Developments
The India Video Surveillance Storage Market has seen significant developments recently, particularly with key players like Hikvision, Genetec, Axis Communications, and Avigilon strengthening their positions. In August 2023, Seagate Technology announced a strategic partnership with various Indian tech firms to enhance video data management solutions, leveraging the burgeoning demand for storage solutions in airports and smart cities.Â
Additionally, in September 2023, Bosch Security Systems launched advanced storage management solutions catering to large-scale enterprises in India, aimed at improving security infrastructure. The market valuation has grown substantially, driven by the increasing adoption of surveillance systems across sectors, including retail and transportation. Notable mergers include the acquisition of Genetec by a leading cybersecurity firm in July 2023, which aims to strengthen video storage capabilities through advanced analytics.Â
The emergence of cloud-based solutions by companies like QNAP Systems and Synology has further aided this growth, adapting to the evolving needs of Indian consumers. Over the past two years, investments in the sector have surged, following the Indian government's push towards digital infrastructure to bolster security measures across various cities.
India Video Surveillance Storage Market Segmentation Insights
Video Surveillance Storage Market Storage Technology Outlook
Video Surveillance Storage Market Type of Storage Outlook
Video Surveillance Storage Market Deployment Outlook
Video Surveillance Storage Market Service Outlook
| Report Attribute/Metric Source: | Details |
| MARKET SIZE 2023 | 2.65(USD Billion) |
| MARKET SIZE 2024 | 3.17(USD Billion) |
| MARKET SIZE 2035 | 15.62(USD Billion) |
| COMPOUND ANNUAL GROWTH RATE (CAGR) | 15.605% (2025 - 2035) |
| REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| BASE YEAR | 2024 |
| MARKET FORECAST PERIOD | 2025 - 2035 |
| HISTORICAL DATA | 2019 - 2024 |
| MARKET FORECAST UNITS | USD Billion |
| KEY COMPANIES PROFILED | Hikvision, Genetec, Axis Communications, Avigilon, Netgear, Synology, Dahua Technology, Bosch Security Systems, Cisco Systems, Seagate Technology, Western Digital, Promise Technology, Lenovo, QNAP Systems, Honeywell |
| SEGMENTS COVERED | Storage Technology, Type of Storage, Deployment, Service |
| KEY MARKET OPPORTUNITIES | Rapid urbanization driving demand, Increasing government expenditure on security, Growth in retail and commercial sectors, Adoption of cloud storage solutions, Rising awareness towards public safety |
| KEY MARKET DYNAMICS | growing urbanization and infrastructure development, increasing security concerns, adoption of smart city initiatives, advancements in storage technologies, rising demand for cloud storage solutions |
| COUNTRIES COVERED | India |
Frequently Asked Questions (FAQ):
The expected market size of the India Video Surveillance Storage Market in 2024 is valued at 3.17 billion USD.
By 2035, the projected market valuation for the India Video Surveillance Storage Market is expected to reach 15.62 billion USD.
The expected CAGR for the India Video Surveillance Storage Market from 2025 to 2035 is 15.605 percent.
The India Video Surveillance Storage Market comprises storage technologies such as SAN, DAS, and NAS.
The expected market value for SAN in the India Video Surveillance Storage Market is projected to be 4.92 billion USD by 2035.
The DAS segment is expected to reach a valuation of 4.0 billion USD by 2035 in the India Video Surveillance Storage Market.
The NAS segment is forecasted to be valued at 6.7 billion USD by 2035 in the India Video Surveillance Storage Market.
Major players in the India Video Surveillance Storage Market include Hikvision, Genetec, Axis Communications, Avigilon, and more.
Key applications driving the India Video Surveillance Storage Market include security, monitoring, and data management.
Challenges affecting the India Video Surveillance Storage Market include data security concerns and technological advancements.
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Team Lead - Research she holds an experience of about 6+ years in market research and business consulting, working under the spectrum of information communication technology, telecommunications and semiconductor domains. aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.
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