Dublin, 01 Dec. 2022 (GLOBE NEWSWIRE) — The “Global Video Surveillance Storage Market Size, Share and Trend Analysis Report by Storage Medium (Hard Disk Drive (HDD) and Solid State Drive), Component, Vertical, Regional Outlook and Forecast, 2022-2028″ report has been added to from ResearchAndMarkets.com offer.
The global video surveillance storage market size is expected to reach USD 26.8 billion by 2028, with the market growing at 12.3% CAGR during the forecast period.
The practice of saving real-time video data generated by security cameras to a storage device is known as CCTV storage. In order to evaluate the event or action as evidence of the state as a file or block, the data can then be retrieved later. Campus security, stadium security, hospital and patient security, airline security, and police security all use CCTV systems. Additionally, video security cameras are used to record large amounts of data, which requires increased network bandwidth and storage space.
Also, factors include rising demand for highly efficient and AI-based surveillance systems that are fueling the expansion of the market. The expansion of AI edge computing, analytics for security, and the emergence of the “as a service” business model are all contributing to the expansion of the video surveillance storage market. The use of cutting-edge technologies such as cloud computing and IoT has also increased, along with growing attention to the responsible and ethical use of technology.
Millions of dollars are spent by several companies around the world to install CCTV systems in their workplaces. In order to increase the general degree of security in these businesses, the majority of governments have also required businesses in many sectors to deploy CCTV cameras. The CCTV storage market is booming due to an increase in the installation of CCTV systems due to growing security concerns. Additionally, various vendors are offering more advanced and efficient storage technologies, as well as affordable hard drives.
The major market players are competing with various innovative offerings to stay competitive in the market. The illustration below shows the percentage of revenue shared by some of the top companies in the market. The major market players are adopting various strategies in order to meet the demand from different industries. The main development strategies in the market are acquisitions and product launches.
Market Growth Factors
Increased need for AI vision-based video surveillance systems
Network CCTV systems are evolving from simple surveillance tools to comprehensive solutions that can be used in any industry. The integration of AI technology into systems at all levels is set to experience unprecedented growth. Additionally, the insights produced by AI vision systems that use AI cameras as vision sensors produce useful business insights to help companies better understand their customers and business processes.
Growing use of emerging technologies such as IoT and cloud computing
Even though network technology and the Internet of Things (IoT) are now widely used, they will continue to disrupt the security camera industry by enabling new developments in HD video streaming, even on mobile devices. In an increasingly connected world, these technologies are expected to increase potential applications for AI and audio and video analysis. IoT, networks, cloud computing, smart data and artificial intelligence are the essential technologies that are advancing pervasive digital transformation on a larger scale.
| Report attribute | Details |
| Number of pages | 392 |
| Forecast period | 2021 – 2028 |
| Estimated market value (USD) in 2021 | $12036 million |
| Expected market value (USD) by 2028 | $26,789 million |
| Compound annual growth rate | 12.3% |
| Regions covered | Global |
Scope of the study
By storage medium
- Hard disk (HDD)
- Solid State Drive (SSD)
By component
- Material
- Storage Area Network (SAN)
- Network Attached Storage (NAS)
- Direct Attached Storage (DAS)
- Video recorders
- Software
- Video management software
- Video analysis
- Services
By organization size
- Large companies
- Small and medium-sized enterprises (SMEs)
By vertical
- Government & Defense
- Detail
- Education
- BFSI
- Health and life sciences
- Manufacturing
- Media and entertainment
- travel and hospitality
- Others
By geography
- North America
- WE
- Canada
- Mexico
- Rest of North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Italy
- The rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Argentina
- United Arab Emirates
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Main market players
- Cisco Systems, Inc.
- Microsoft Corporation
- intel company
- McAfee Corp.
- Palo Alto Networks, Inc.
- RSA Security LLC (Symphony Technology Group)
- Broadcom, Inc. (Symantec Corporation)
- Crowdstrike Holdings, Inc.
- Trend Micro, Inc.
- NetApp, Inc.
Main topics covered:
Chapter 1. Market Scope and Methodology
Chapter 2. Market Overview
Chapter 3. Competitive Analysis – Global
Chapter 4. Global CCTV Storage Market by Storage Medium
Chapter 5. Global CCTV Storage Market by Component
Chapter 6. Global Video Surveillance Storage Market by Organization Size
Chapter 7. Global Video Surveillance Storage Market by Vertical
Chapter 8. Global Video Surveillance Storage Market by Region
Chapter 9. Business Profiles
Companies cited
- Cisco Systems, Inc.
- Microsoft Corporation
- intel company
- McAfee Corp.
- Palo Alto Networks, Inc.
- RSA Security LLC (Symphony Technology Group)
- Broadcom, Inc. (Symantec Corporation)
- Crowdstrike Holdings, Inc.
- Trend Micro, Inc.
- NetApp, Inc.
For more information about this report visit https://www.researchandmarkets.com/r/539ge8
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Global CCTV Storage Market
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