How Has The Video Surveillance Storage Market Size Evolved In Recent Years?
The video surveillance storage market has seen considerable growth due to a variety of factors.
• In recent times, the video surveillance storage market has witnessed accelerated growth. It is expected to expand from a market size of $27.19 billion in 2024 to $32.63 billion in 2025, at a compound annual growth rate (CAGR) of 20.0%. This growth in the historical period is a result of increased surveillance installations, the shift to IP-based systems, a rise in the usage of high-definition cameras, requirements for data retention, security worries, and management of incidents.
What are the Market Size and Expected Growth Rates for the Video Surveillance Storage Market Size Evolve over the Forecast Period?
The Video Surveillance Storage market is expected to maintain its strong growth trajectory in upcoming years.
• In the coming years, the market size for video surveillance storage is anticipated to witness significant growth, escalating to $71.73 billion by 2029, with a compound annual growth rate (CAGR) of 21.8%.
This projected growth during the predictive period can be traced back to the entrance of new market participants, competitiveness in the market, progress in data management, affordable and scalable solutions, and demands specific to various sectors. Some major trends expected during this period comprise the utilization of edge storage, a concentration on cost-effectiveness and return on investment, hybrid storage methods, cloud-based storage systems, and the integration of video analytics.
Which Key Drivers Are Propelling The Video Surveillance Storage Market's Growth?
The potential for terrorist activities is anticipated to boost the video surveillance storage market's growth. These activities typically involve deliberate acts of violence orchestrated by non-state individuals or entities to instill fear, panic, or coerce for political, ideological, or religious purposes. Video surveillance storage is critical in anti-terrorism initiatives as it offers pivotal data for the examination and scrutiny of security incidents, such as terrorist attacks. As an example, the Global Terrorism Index, a product of the Australia-based Institute for Economics & Peace, states that terrorist attacks turned more lethal in 2022, with an average fatality rate of 1.7 individuals per onslaught in comparison to 1.3 deaths per attack in 2021. As a result, the video surveillance storage market is experiencing growth due to the escalating occurrences of terrorism.
What Are The Key Segments Within The Global Video Surveillance Storage Market?
The video surveillance storage market covered in this report is segmented –
1) By Products: Storage Area Network (SAN), Network Attached Storage (NAS), Direct Attached Storage (DAS), Video Recorders
2) By Storage Media: Hard Disk Drive (HDD), Solid State Drive (SSD)
3) By Deployment Modes: Cloud, On-premises
4) By Vertical: Banking, Financial Services And Insurance (BFSI), Education
Subsegments:
1) By Storage Area Network (SAN): Fiber Channel SAN, iSCSI SAN
2) By Network Attached Storage (NAS): Single-Bay NAS, Multi-Bay NAS
3) By Direct Attached Storage (DAS): External Hard Drives, Internal Hard Drives
4) By Video Recorders: Digital Video Recorders (DVR), Network Video Recorders (NVR)
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How Are New Trends Impacting The Size Of The Video Surveillance Storage Market?
Emerging technologies are an escalating pattern being noted in the video surveillance storage market. The main focus of leading firms is on cloud-based video storage to enable vast and efficient storage. This kind of storage transmits recorded footage to the cloud, offering unlimited storage. For example, Blackmagic Design, an Australian digital camera company based, collaborated with Apple, a tech firm based in the US in June 2024, to invent the first URSA Cine Immersive camera. This camera, designed specifically for Apple Immersive Video on the Apple Vision Pro, has a commercial camera system and editing software. The camera features an integrated network storage system with a high-level performance of 8TB, enabling it to capture more than two hours of Blackmagic RAW footage in an 8K stereoscopic 3D. This feature lets editors begin working with the footage immediately from any location as the captured media are synced to the Blackmagic Cloud and DaVinci Resolve media bins instantly. It also supports the creation of smaller H.264 proxy files for swift cloud uploads, encouraging efficient collaborative workflows.
Who Are the Key Players In The Video Surveillance Storage Market?
Major companies operating in the video surveillance storage market include:
• Dell Technologies Inc.
• Hitachi Ltd.
• Seagate Technology LLC
• Robert Bosch GmbH
• Avigilon Corporation
• Hangzhou Hikvision Digital Technology Co. Ltd.
• Panasonic Corporation
• Pelco Incorporated
• Huawei Technologies Co. Ltd.
• Axis Communications AB
• BCDVideo LLC
• Dahua Technology Co. Ltd.
• AxxonSoft Inc.
• Digital Watchdog Inc.
• Exacq Technologies Inc.
• Genetec Inc.
• Hanwha Vision
• March Networks Corporation
• Milestone Systems
• NICE Systems Ltd.
• Pivot3
• Promise Technology Inc.
• QNAP Systems Inc.
• Quantum Corporation
• Razberi Technologies Inc.
• Salient Systems Corporation
• Synology Inc.
• Toshiba Corporation
• Western Digital Corporation
What Are The Regional Insights Into The Video Surveillance Storage Market?
North America was the largest region in the video surveillance storage market share in 2024. The regions covered in the video surveillance storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
