Video Surveillance Storage Market Research Report Information By Storage Technology (SAN, DAS, NAS), By Type of Storage (HDDs, SDDs), By Deployment (On-cloud, On-premise), By Service (Professional, Managed services) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2030.
ID: MRFR/ICT/4392-HCR | 100 Pages | Published By Aarti Dhapte on March 2023
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Video Surveillance Storage Market Overview
Video Surveillance Storage Market Size was valued at USD 35.5 billion in 2022. The Cloud High-Performance Computing market is projected to grow from USD 42.4367 Billion in 2023 to USD 123.8286 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 19.54% during the forecast period (2023 - 2030). The developing safety concerns in public and enterprises and the rise of the internet of things are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Video Surveillance Storage Market Trends
Need to Store Large Volumes of Video Surveillance Data driving the market growth.
Increasing volumes of video surveillance data highlight the importance of effective storage solutions. For example, video surveillance systems today are vital to public safety and effective government functioning. Police and law enforcement agencies today use thousands of surveillance cameras across cities. However, novel video surveillance technologies generate large volumes of data that must be efficiently and safely stored. Similarly, dangers to public transport in light of possible terrorist attacks, vandalism, and violence warrant video surveillance at airports, bus, train, and subway stations. With upgraded and expanding surveillance deployments, the amount of data generated needing safe storage increases continually. Such a need for safe data storage is likely to boost the video surveillance storage market CAGR. The lucrativeness of the market and the higher CAGR in the industry entices many companies in the video surveillance storage market. They are investing heavily in research and development to develop and market new generations of technologies that will allow data storage devices to store much more data in the future.
Additionally, The Applications of video surveillance storage include use in government (growing security concerns drive growth in video surveillance), education (educational institutions and campuses seek to take measures to keep students safe; this necessitates video surveillance to secure campuses), transportation (enhanced security and monitoring solutions are needed to keep travelers and goods safe), gaming, and others. Such applications are expected to drive the Video Surveillance Storage Market.
Video Surveillance Storage Market Segment Insights
Video Surveillance By Storage Technology Insights
The video surveillance storage market segmentation, based on storage technology, includes (SAN), (DAS), and (NAS).The network Attached Storage segment is the largest share in the market. Network technology and the Internet of Things (loT) are now extensively used for video surveillance. These technologies are expected to increase the possible uses for audio and video analytics. Video surveillance as a service (VSaaS) is increasingly used in various applications due to its numerous benefits, such as remote access to video feeds stored in the cloud through desktops, laptops, or mobile devices with an Internet connection from any place.
May 2022: NetApp acquired Instaclustr, a leading platform provider of fully managed open-source database pipelines and workflow applications delivered as a service. The acquisition would build on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud Operations (CloudOps).
Mar 2022: Intel acquired Granulate Cloud Solutions, an AI-powered optimization software. The acquisition would strengthen Intel’s competitive position against Nvidia, which also has been acquiring similar businesses to fill out the management of its high-performing computing systems.
Video Surveillance Storage By Type of Storage Insights
Based on storage type, the video surveillance storage market (HDDs) and (SDDs). The (SDDs) segment covered a substantial revenue share in the video surveillance storage market in 2022. A more recent technological development,(SSDs), is meant to replace HDDs. Despite their name, these storage devices have no motors because they have no moving parts (or drives). SSDs store data on specialized memory chips that are connected.
Mar 2022: Microsoft acquired Nuance Communication, a speech recognition company. This acquisition would bring Nuance’s best-in-class conversational AI and ambient intelligence with Microsoft’s secure & trusted industry cloud offerings—further, the acquisition aimed at improving clinician productivity & financial performance.
Dec 2021: NetApp introduced NetApp AFF A900, powered by NetApp ONTAP Enterprise Edition. The acquisition would leverage NetApp’s leading hybrid multi-cloud solutions to fulfill the demand of their business and scale their data & management to any public cloud simply as well as efficiently.
Video Surveillance Storage Organization By Deployment Insights
Based on deployment, the video surveillance storage market data includes on-cloud, on-premise. The on-premises sub-segment is expected to enjoy the largest market share for the forecast period. The reason is that the storage devices on these premises are very flexible, can operate at the speed of light, and are secure. However, the on-cloud is the fastest-growing sub-segment.
Figure1: Video Surveillance Storage Market, Based on Deployment, 2022& 2030 (USD billion)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Video Surveillance Storage By Service Insights
Based on services, the video surveillance storage industry includes professional, managed services. The managed services segment is expected to account for the largest, nearly 23.2% share in video surveillance storage market by 2030, thanks to the rise in telecommunication services and the need for collaborating customer services. The increasing trend of outsourcing enables corporations to emphasize on prime aspect of business and upsurge revenue.
Feb 2021: CrowdStrike Holdings took over Humio, a leading high-performance cloud log management and observability technology provider. The acquisition would enable CrowdStrike would further expand its extended Detection and Response (XDR) abilities by ingesting and correlating data from any log, application, or feed to deliver actionable insights and real-time protection.
Oct 2020: Microsoft expanded Azure Media Services by adding a live video analytics platform. This expansion would enable users to build workflows that capture & process video with real-time analytics through the intelligent edge to intelligent cloud.
Video Surveillance Storage Regional Insights
By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the world. The North American video surveillance storage market will dominate this market due to the major and strategic companies in the video surveillance storage market being located in this Region, which boosts the market growth.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: VIDEO SURVEILLANCE STORAGE SHARE BY REGION 2022 (%)
Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review
Europe's video surveillance storage market accounts for the second-largest market share due to the developing safety concerns in public and enterprises and the rise of the internet of things. Further, the German video surveillance storage market held the largest market share, and the UK Video Surveillance Storage market was the fastest-growing market in the European Region.
The Asia-Pacific video surveillance storage market is expected to grow at the fastest CAGR from 2022 to 2030. This is because these nations are urbanizing and modernizing rapidly. Therefore, there is a greater need for VSS solutions to store the increasing volumes of data that video surveillance equipment generates on the premises of major and minor organizations and in the cloud. Moreover, China’s vdeo surveillance storage market held the largest market share, and the Indian Video surveillance storage market was the fastest-growing market in the Asia-Pacific region.
Video Surveillance Storage Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development to expand their product lines, which will help the video surveillance storage market grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate,the video surveillance storage industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturers use in the video surveillance storage industry to benefit clients and increase the market sector. The video surveillance storage industry has offered some of the most significant advantages in recent years. Major players in the video surveillance storage industry market, including Cisco Systems (U.S.), Dell (U.S.), Hitachi Ltd. (Japan), Seagate Technology LLC (U.S.), NetApp (U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), Avigilon Corporation (Canada), Schneider Electric SE (France)., and others, are attempting to increase market demand by investing in research and development operations.
CrowdStrike Holdings, Inc. is an American cybersecurity technology company based in Austin, Texas. It provides cloud workload, endpoint security, threat intelligence, and cyber attack response services. CrowdStrike Holdings took over Humio, a leading high-performance cloud log management, and observability technology provider. The acquisition would enable CrowdStrike would further expand its extended Detection and Response (XDR) abilities by ingesting and correlating data from any log, application, or feed to deliver actionable insights and real-time protection.
NetApp, Inc. is an American hybrid cloud data services and data management company headquartered in San Jose, California. It has ranked in the Fortune 500 from 2012 to 2021. Founded in 1992 with an IPO in 1995, NetApp offers cloud data services for managing applications and data online and physically. NetApp introduced NetApp AFF A900, powered by NetApp ONTAP Enterprise Edition. The acquisition would leverage NetApp’s leading hybrid multi-cloud solutions to fulfill the demand of their business and scale their data & management to any public cloud simply as well as efficiently.
Key Companies in the weight loss products market include
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Cisco Systems (U.S.)
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Dell (U.S.)
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Hitachi Ltd. (Japan)
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Seagate Technology LLC (U.S.)
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NetApp (U.S.)
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Robert Bosch GmbH (Germany)
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Honeywell International Inc. (U.S.)
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Avigilon Corporation (Canada)
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Schneider Electric SE (France)
Video Surveillance Storage Industry Developments
May 2022: NetApp acquired Instaclustr, a leading platform provider of fully managed open-source database pipelines and workflow applications delivered as a service. The acquisition would build on a series of strategic acquisitions made by NetApp to deliver a comprehensive suite of offerings for Cloud Operations (CloudOps).
Mar 2022: Intel acquired Granulate Cloud Solutions, an AI-powered optimization software. The acquisition would strengthen Intel’s competitive position against Nvidia, which also has been acquiring similar businesses to fill out the management of its high-performing computing systems.
Oct 2020: Microsoft expanded Azure Media Services by adding a live video analytics platform. This expansion would enable users to build workflows that capture & process video with real-time analytics through the intelligent edge to intelligent cloud.
Video Surveillance Storage Market Segmentation
Video Surveillance Storage By Storage Technology Outlook
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SAN
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DAS
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NAS
Video Surveillance Storage By Type of Storage Outlook
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HDDs
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SDDs
Video Surveillance Storage By Deployment Outlook
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On-cloud
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On-premise
Video Surveillance Storage By Service Outlook
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Professional
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Managed services
Video Surveillance Storage Regional Outlook
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North America
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US
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Canada
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Europe
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Germany
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France
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UK
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Italy
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Spain
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Rest of Europe
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Asia-Pacific
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China
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Japan
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India
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Australia
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South Korea
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Australia
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Rest of Asia-Pacific
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Rest of the World
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Middle East
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Africa
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Latin America
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Report Scope:
| Report Attribute/Metric | Details |
| Market Size2022 | USD 35.5 billion |
| Market Size 2023 | USD 42.4367 billion |
| Market Size 2030 | USD 123.8286 billion |
| Compound Annual Growth Rate (CAGR) | 19.54% (2023-2030) |
| Base Year | 2022 |
| Market Forecast Period | 2023-2030 |
| Historical Data | 2019- 2021 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Storage Technology,Type of Storage, Deployment, Service, and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Â Cisco Systems (U.S.), Dell (U.S.), Hitachi Ltd. (Japan), Seagate Technology LLC (U.S.), NetApp (U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), Avigilon Corporation (Canada), Schneider Electric SE (France). |
| Key Market Opportunities | Adopting cloud-based services among enterprises will provide an opportunity to boost the video surveillance storage market. |
| Key Market Dynamics | The developing safety concerns in public and enterprises and the rise of the internet of things are mostly driving the market. |
Frequently Asked Questions (FAQ) :
The Video Surveillance storage market size was valued at USD 35.5 Billion in 2022.
The market is projected to grow at a CAGR of 19.54%% during 2023-2030.
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North America had the largest share of the market
The key players in the market are Cisco Systems (U.S.), Dell (U.S.), Hitachi Ltd. (Japan), Seagate Technology LLC (U.S.), NetApp (U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.), Cisco Systems (U.S.), Dell (U.S.), Hitachi Ltd. (Japan), Seagate Technology LLC (U.S.), NetApp (U.S.), Robert Bosch GmbH (Germany), Honeywell International Inc. (U.S.).
The on-premises video surveillance storage category dominated the market in 2022.
The managed services segment had the largest share of the market.
