Video Surveillance Storage Market

January 6, 2020
485
Consumer Goods and Services

New York City, NY, 06 January, 2020/ 24 Market Reports: It is estimated for the video surveillance storage market to grow from USD 7.7 billion in 2019 and reach USD 17.9 billion by 2024 witnessing the growth at a CAGR of 18.3% during the forecast period of 2019 to 2024. The adoption of IP cameras and the demand for video surveillance and its storage to secure public places are the major factors that are fuelling the growth of the market during the forecast period.

Transportation and logistics categories to witness the highest growth in the market during the forecast period

Government and defence, education, Banking, Financial Services, and Insurance (BFSI), transportation and logistics, healthcare and pharmaceutical, manufacturing, media and entertainment, retail and others are the segmentation for the global video surveillance storage market. The crowded places like airports, railway stations and seaports are to be monitored every day and night thus it becomes necessary for the installation of video surveillance storage cameras to be installed in such crowded places to provide safe and secure transit to the people and cargos.

SAN segment to hold the largest share in the video surveillance storage market

Storage Area Network (SAN), Network Attached Storage (NAS), Direct Attached Storage (DAS) and video recorders are the segmentation for the video surveillance storage market based on product. It is estimated for the storage area network (SAN) segment to hold the largest share in the market as SANs are widely used in large enterprises and government organizations for storing video surveillance data and recordings.

Large enterprises to drive the highest growth to the market during the forecast period

Owing to the increased generation of data, which is attributed to the widespread geographical presence and customer base large enterprises adopt more of video surveillance storage solutions. There is an increasing demand in crowded places for the installation of high-resolution cameras that provide security in public places. To reduce the downtime, these cameras require huge storage capacity for storing the surveillance footages.

APAC region to dominate the video surveillance storage market throughout the forecast period

North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America are the segmentation for the video surveillance storage market based on geography. Owing to the rapid increase in the deployment of video surveillance storage solutions to store the video surveillance footage either on-premise or in cloud APAC, it is expected for the region to witness the growth at the highest CAGR throughout the forecast period.

The following are the major objectives of the study:

To define, describe, and forecast the global video surveillance storage market on the basis of product, application and region.
To provide detailed information regarding major factors influencing growth of the market (drivers, restraints, and opportunities).
To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions to the overall market.
To analyze the opportunities in the market for key stakeholders and provide details of the competitive landscape for leading market players.
To forecast the size of the market segments with respect to four main regions, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW).
To strategically profile the key market players and comprehensively analyze their market shares and core competencies.
To track and analyze competitive developments such as acquisitions, expansions, new product launches, agreements, and collaborations in the global video surveillance storage market.

Critical Questions which the report answers:

What are the major vendor/manufacturers in the market? What is their growth potential during next decade?
What are the key revenue generating pockets for global video surveillance storage market and their future potential during next decade?
How competitive landscape is evolving in global video surveillance storage market?