The global video surveillance storage market is anticipated to generate revenues of US$ 12,107.6 million in 2023. Demand for video surveillance storage is anticipated to increase at a CAGR of 13.7% and reach US$ 43,846.1 million by 2033.
Cloud-based Video Surveillance Storage Solutions Revolutionized the Market
Healthcare Sector Contributes to the High Adoption of Video Surveillance Storage
The healthcare and pharmaceutical industries are subject to a variety of threats, including drug-related crimes, gang activity, and irate patients. To stop violent or criminal acts, security administrators have been forced to adjust safety procedures and increase video monitoring of:
This is in addition to the ongoing risk of infant abduction cases and terrorist attacks. As a result, the need for VSS (video surveillance storage) solutions in this sector is anticipated to increase.
Roadblocks in the Video Surveillance Storage Industry
Communication service providers are working with over-the-top service providers and investing in new infrastructure to address these issues.
Attributes | Details |
---|---|
Video Surveillance Storage Market CAGR (2023 to 2033) | 13.7% |
Video Surveillance Storage Market Size (2023) | US$ 12,107.6 million |
Video Surveillance Storage Market Size (2033) | US$ 43,846.1 million |
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Historical Demand Analysis 2018 to 2022
The industry's resilience is demonstrated by the fact that it expanded at a CAGR of 11.6% between 2018 and 2022. It had a valuation of US$ 6,950.5 million in 2018 and US$ 10,800.7 million in 2022, respectively.
During the past few years, the telecom industry has grown significantly. To maintain their clientele in the cutthroat market, telecommunications companies are constantly under pressure to create novel services at lower prices.
During this period, the market saw tremendous growth due to the following factors:
Future Outlook (2023 to 2033)
Megaprojects and the growth of smart cities pave the way for a positive outlook in the sector. Video surveillance storage demand is being driven by an increase in the requirements and laws for video monitoring across industrial sectors. Several businesses globally are increasing the amount of money they spend installing video surveillance.
Large enterprises are contributing effectively to the video surveillance storage market share. Due to a rise in the adoption of technology to conduct their activities safely and securely, it is anticipated to expand at a similar pace.
Nevertheless, due to a rise in SMEs' adoption of video surveillance storage solutions globally, high profits are expected in the coming years. Due to these factors, the market is likely to have a valuation of US$ 43,846.1 million by 2033 and expected an incremental opportunity of US$ 31,738.5 million between 2023 and 2033.
Video Surveillance Storage Market:
Attributes | Video Surveillance Storage Market |
---|---|
CAGR (2023 to 2033) | 13.7% |
Market Value (2033) | US$ 43,846.1 million |
Growth Factor | Expansion of AI computing and analytics |
Opportunity | Rising smart cities projects |
Trends | Technological developments like cloud storage |
Mobile Video Surveillance Market:
Attributes | Mobile Video Surveillance Market |
---|---|
CAGR (2023 to 2033) | 11% |
Market Value (2033) | US$ 5,400 million |
Growth Factor | Rising demand for wireless technologies |
Opportunity | Surging investment in security cameras |
Trends | Favorable government policies |
Security and Surveillance Equipment Market:
Attributes | Security and Surveillance Equipment Market |
---|---|
CAGR (2023 to 2033) | 4.8% |
Market Value (2033) | US$ 33,116.80 million |
Growth Factor | New generational CCTV cameras |
Opportunity | Improved IT infrastructure in commercial sectors |
Trends | Surging trend of smart cities |
Countries | Market Share (2022) |
---|---|
United States | 18.1% |
Japan | 6.1% |
Australia | 2.4% |
Germany | 7.1% |
The United States is anticipated to dominate the video surveillance storage sector, claiming the leading share throughout the forecast period. The demand for security and protection against possible dangers has increased. In turn, new and well-established businesses have emerged that provide facilities and services for video surveillance. These developments are credited with driving the expansion of the region. The market's key competitors now have a variety of chances to diversify their product offerings. Key players are keeping up with rapidly changing technology advancements owing to increased military and defense spending.
Country | China |
---|---|
CAGR (2023 to 2033) | 13.1% |
Country | India |
---|---|
CAGR (2023 to 2033) | 15.3% |
The need for storage facilities and the widespread use of video surveillance in many sectors are driving this market. Government attempts in China to install surveillance cameras in public areas including cities, schools, churches, and airports further fuel market expansion.
Business development is also developing in India as a result of rising government investment in smart city policies and public protection initiatives. One of the primary factors influencing the area's extensive acceptance of video surveillance storage systems is the availability of inexpensive equipment.
The Global System for Mobile Communications Association estimates that 4G internet is used by about 93% of people in Asia Pacific. Customer relationship management is another important growing application area that is boosting the market share of the Asia Pacific region globally.
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By 2033, the United Kingdom is anticipated to have a significant market CAGR of 11.3%. Growth is attributed to the existence of both established and up-and-coming firms offering video surveillance storage solutions and services.
Growing demand for safety and protection against terrorist threats is also responsible for high market share. For instance, the partnership between Colt Technology Services and IBM took a new turn when they teamed together to launch a brand-new Industrial 4.0 lab in the United Kingdom. Companies test out edge cloud services in this lab.
Category | Type |
---|---|
Top-segment | Network Attached Storage |
Market Share (2022) | 29.2% |
Category | Storage Media |
---|---|
Top-segment | Hard Disk Drives |
Market Share (2022) | 52.3% |
NAS systems are designed to be simple to use, with streamlined setup and management procedures. Due to its simplicity of use, NAS is a preferred option for individuals, small businesses, and even key corporations.
It is expected to dominate the market due to the rising cloud-based solutions. Every NAS system offers cloud storage service integration, enabling organizations to make use of both on-premises and cloud-based storage advantages.
In multiple applications, including video surveillance, hard disk drives have a demonstrated track record of dependability and longevity. The adoption of hard disk drives is ideally suited since they are built to handle continuous read and write operations.
The hard disk drives market keeps innovating and introducing improvements, including larger area density, faster read/write rates, and more dependability. The performance and effectiveness of HDDs are improved by these technical developments, which increases their attractiveness for storage applications related to video surveillance.
Key drivers of market expansion are the steadily increasing number of security and surveillance cameras used in the military/defense. The demand for video surveillance technology is expected to increase due to rising defense and security spending.
This is in response to terrorist threats, supported by the significance of AI in video surveillance systems, and growing IoT applications. During the forecast period, demand for video surveillance storage services increased due to the necessity of adhering to legal security requirements.
Video Surveillance Storage Service Providers Focus on Leading Solutions
To acquire a competitive edge in the market, manufacturers and companies are concentrating on providing improved and sophisticated video surveillance storage solutions.
To meet the growing customer demand, key firms are increasingly concentrating on research and development investments. There are several chances for key companies to diversify their product offerings, due to the rising demand for surveillance solutions from the military and defense industry.
One of the primary business strategies used by manufacturers in the video surveillance storage industry to help customers is local manufacturing to reduce operating costs. In recent years, the market has provided some crucial benefits.
Nowadays, service providers' top issue is still cybersecurity. Leading figures are concentrating on excellent strategies to overcome this obstacle.
For example, An American cybersecurity technology business with its headquarters in Austin, Texas is called CrowdStrike Holdings, Inc. It offers services for managing cloud workloads, securing endpoints, gathering threat data, and responding to cyberattacks.
A key provider of observability and high-performance cloud log management solutions, Humio was acquired by CrowdStrike Holdings. By ingesting and correlating data from any log, application, or feed, the purchase allows CrowdStrike to further develop its extended Detection and Response (XDR) capabilities and provide useful insights and real-time security.
Recent Developments
The global video surveillance storage market is valued at US$ 12,107.6 million in 2023.
The key players in the video surveillance storage market are Hikvision, Dahua Technology, and Milestone Systems.
The hard disk drive (HDD) segment is the largest and is expected to remain dominant throughout the forecast period.
Players opt for mergers and acquisitions, partnerships, and product launches.
China, India, and Japan dominate the Asian market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Investment Feasibility Matrix 3.5. PESTLE and Porter’s Analysis 3.6. Regulatory Landscape 3.6.1. By Key Regions 3.6.2. By Key Countries 3.7. Regional Parent Market Outlook 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 4.1. Historical Market Size Value (US$ Million) Analysis, 2018 to 2022 4.2. Current and Future Market Size Value (US$ Million) Projections, 2023 to 2033 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Type 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Million) Analysis By Type, 2018 to 2022 5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Type, 2023 to 2033 5.3.1. Network Attached Storage 5.3.2. Storage Area Network 5.3.3. Direct Attached Storage 5.3.4. Others 5.4. Y-o-Y Growth Trend Analysis By Type, 2018 to 2022 5.5. Absolute $ Opportunity Analysis By Type, 2023 to 2033 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Storage Media 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Million) Analysis By Storage Media, 2018 to 2022 6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Storage Media, 2023 to 2033 6.3.1. Solid State Drives 6.3.2. Hard Disk Drives 6.4. Y-o-Y Growth Trend Analysis By Storage Media, 2018 to 2022 6.5. Absolute $ Opportunity Analysis By Storage Media, 2023 to 2033 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Application 7.1. Introduction / Key Findings 7.2. Historical Market Size Value (US$ Million) Analysis By Application, 2018 to 2022 7.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Application, 2023 to 2033 7.3.1. Commercial 7.3.2. City Surveillance 7.3.3. Defense/Military 7.3.4. Others 7.4. Y-o-Y Growth Trend Analysis By Application, 2018 to 2022 7.5. Absolute $ Opportunity Analysis By Application, 2023 to 2033 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. Introduction 8.2. Historical Market Size Value (US$ Million) Analysis By Region, 2018 to 2022 8.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2023 to 2033 8.3.1. North America 8.3.2. Latin America 8.3.3. Europe 8.3.4. South Asia 8.3.5. East Asia 8.3.6. Oceania 8.3.7. MEA 8.4. Market Attractiveness Analysis By Region 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 9.2.1. By Country 9.2.1.1. USA 9.2.1.2. Canada 9.2.2. By Type 9.2.3. By Storage Media 9.2.4. By Application 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By Type 9.3.3. By Storage Media 9.3.4. By Application 9.4. Key Takeaways 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 10.2.1. By Country 10.2.1.1. Brazil 10.2.1.2. Mexico 10.2.1.3. Rest of Latin America 10.2.2. By Type 10.2.3. By Storage Media 10.2.4. By Application 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By Type 10.3.3. By Storage Media 10.3.4. By Application 10.4. Key Takeaways 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 11.2.1. By Country 11.2.1.1. Germany 11.2.1.2. UK 11.2.1.3. France 11.2.1.4. Spain 11.2.1.5. Italy 11.2.1.6. Rest of Europe 11.2.2. By Type 11.2.3. By Storage Media 11.2.4. By Application 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By Type 11.3.3. By Storage Media 11.3.4. By Application 11.4. Key Takeaways 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 12.2.1. By Country 12.2.1.1. India 12.2.1.2. Malaysia 12.2.1.3. Singapore 12.2.1.4. Thailand 12.2.1.5. Rest of South Asia 12.2.2. By Type 12.2.3. By Storage Media 12.2.4. By Application 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By Type 12.3.3. By Storage Media 12.3.4. By Application 12.4. Key Takeaways 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 13.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 13.2.1. By Country 13.2.1.1. China 13.2.1.2. Japan 13.2.1.3. South Korea 13.2.2. By Type 13.2.3. By Storage Media 13.2.4. By Application 13.3. Market Attractiveness Analysis 13.3.1. By Country 13.3.2. By Type 13.3.3. By Storage Media 13.3.4. By Application 13.4. Key Takeaways 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 14.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 14.2.1. By Country 14.2.1.1. Australia 14.2.1.2. New Zealand 14.2.2. By Type 14.2.3. By Storage Media 14.2.4. By Application 14.3. Market Attractiveness Analysis 14.3.1. By Country 14.3.2. By Type 14.3.3. By Storage Media 14.3.4. By Application 14.4. Key Takeaways 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2018 to 2022 15.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2023 to 2033 15.2.1. By Country 15.2.1.1. GCC Countries 15.2.1.2. South Africa 15.2.1.3. Israel 15.2.1.4. Rest of MEA 15.2.2. By Type 15.2.3. By Storage Media 15.2.4. By Application 15.3. Market Attractiveness Analysis 15.3.1. By Country 15.3.2. By Type 15.3.3. By Storage Media 15.3.4. By Application 15.4. Key Takeaways 16. Key Countries Market Analysis 16.1. USA 16.1.1. Pricing Analysis 16.1.2. Market Share Analysis, 2022 16.1.2.1. By Type 16.1.2.2. By Storage Media 16.1.2.3. By Application 16.2. Canada 16.2.1. Pricing Analysis 16.2.2. Market Share Analysis, 2022 16.2.2.1. By Type 16.2.2.2. By Storage Media 16.2.2.3. By Application 16.3. Brazil 16.3.1. Pricing Analysis 16.3.2. Market Share Analysis, 2022 16.3.2.1. By Type 16.3.2.2. By Storage Media 16.3.2.3. By Application 16.4. Mexico 16.4.1. Pricing Analysis 16.4.2. Market Share Analysis, 2022 16.4.2.1. By Type 16.4.2.2. By Storage Media 16.4.2.3. By Application 16.5. Germany 16.5.1. Pricing Analysis 16.5.2. Market Share Analysis, 2022 16.5.2.1. By Type 16.5.2.2. By Storage Media 16.5.2.3. By Application 16.6. UK 16.6.1. Pricing Analysis 16.6.2. Market Share Analysis, 2022 16.6.2.1. By Type 16.6.2.2. By Storage Media 16.6.2.3. By Application 16.7. France 16.7.1. Pricing Analysis 16.7.2. Market Share Analysis, 2022 16.7.2.1. By Type 16.7.2.2. By Storage Media 16.7.2.3. By Application 16.8. Spain 16.8.1. Pricing Analysis 16.8.2. Market Share Analysis, 2022 16.8.2.1. By Type 16.8.2.2. By Storage Media 16.8.2.3. By Application 16.9. Italy 16.9.1. Pricing Analysis 16.9.2. Market Share Analysis, 2022 16.9.2.1. By Type 16.9.2.2. By Storage Media 16.9.2.3. By Application 16.10. India 16.10.1. Pricing Analysis 16.10.2. Market Share Analysis, 2022 16.10.2.1. By Type 16.10.2.2. By Storage Media 16.10.2.3. By Application 16.11. Malaysia 16.11.1. Pricing Analysis 16.11.2. Market Share Analysis, 2022 16.11.2.1. By Type 16.11.2.2. By Storage Media 16.11.2.3. By Application 16.12. Singapore 16.12.1. Pricing Analysis 16.12.2. Market Share Analysis, 2022 16.12.2.1. By Type 16.12.2.2. By Storage Media 16.12.2.3. By Application 16.13. Thailand 16.13.1. Pricing Analysis 16.13.2. Market Share Analysis, 2022 16.13.2.1. By Type 16.13.2.2. By Storage Media 16.13.2.3. By Application 16.14. China 16.14.1. Pricing Analysis 16.14.2. Market Share Analysis, 2022 16.14.2.1. By Type 16.14.2.2. By Storage Media 16.14.2.3. By Application 16.15. Japan 16.15.1. Pricing Analysis 16.15.2. Market Share Analysis, 2022 16.15.2.1. By Type 16.15.2.2. By Storage Media 16.15.2.3. By Application 16.16. South Korea 16.16.1. Pricing Analysis 16.16.2. Market Share Analysis, 2022 16.16.2.1. By Type 16.16.2.2. By Storage Media 16.16.2.3. By Application 16.17. Australia 16.17.1. Pricing Analysis 16.17.2. Market Share Analysis, 2022 16.17.2.1. By Type 16.17.2.2. By Storage Media 16.17.2.3. By Application 16.18. New Zealand 16.18.1. Pricing Analysis 16.18.2. Market Share Analysis, 2022 16.18.2.1. By Type 16.18.2.2. By Storage Media 16.18.2.3. By Application 16.19. GCC Countries 16.19.1. Pricing Analysis 16.19.2. Market Share Analysis, 2022 16.19.2.1. By Type 16.19.2.2. By Storage Media 16.19.2.3. By Application 16.20. South Africa 16.20.1. Pricing Analysis 16.20.2. Market Share Analysis, 2022 16.20.2.1. By Type 16.20.2.2. By Storage Media 16.20.2.3. By Application 16.21. Israel 16.21.1. Pricing Analysis 16.21.2. Market Share Analysis, 2022 16.21.2.1. By Type 16.21.2.2. By Storage Media 16.21.2.3. By Application 17. Market Structure Analysis 17.1. Competition Dashboard 17.2. Competition Benchmarking 17.3. Market Share Analysis of Top Players 17.3.1. By Regional 17.3.2. By Type 17.3.3. By Storage Media 17.3.4. By Application 18. Competition Analysis 18.1. Competition Deep Dive 18.1.1. Western Digital Corporation 18.1.1.1. Overview 18.1.1.2. Product Portfolio 18.1.1.3. Profitability by Market Segments 18.1.1.4. Sales Footprint 18.1.1.5. Strategy Overview 18.1.1.5.1. Marketing Strategy 18.1.2. Seagate Technology PLC 18.1.2.1. Overview 18.1.2.2. Product Portfolio 18.1.2.3. Profitability by Market Segments 18.1.2.4. Sales Footprint 18.1.2.5. Strategy Overview 18.1.2.5.1. Marketing Strategy 18.1.3. Dell Technologies Inc. 18.1.3.1. Overview 18.1.3.2. Product Portfolio 18.1.3.3. Profitability by Market Segments 18.1.3.4. Sales Footprint 18.1.3.5. Strategy Overview 18.1.3.5.1. Marketing Strategy 18.1.4. Hewlett Packard Enterprise Development LP 18.1.4.1. Overview 18.1.4.2. Product Portfolio 18.1.4.3. Profitability by Market Segments 18.1.4.4. Sales Footprint 18.1.4.5. Strategy Overview 18.1.4.5.1. Marketing Strategy 18.1.5. NetApp, Inc. 18.1.5.1. Overview 18.1.5.2. Product Portfolio 18.1.5.3. Profitability by Market Segments 18.1.5.4. Sales Footprint 18.1.5.5. Strategy Overview 18.1.5.5.1. Marketing Strategy 18.1.6. Cisco Systems, Inc. 18.1.6.1. Overview 18.1.6.2. Product Portfolio 18.1.6.3. Profitability by Market Segments 18.1.6.4. Sales Footprint 18.1.6.5. Strategy Overview 18.1.6.5.1. Marketing Strategy 18.1.7. IBM Corporation 18.1.7.1. Overview 18.1.7.2. Product Portfolio 18.1.7.3. Profitability by Market Segments 18.1.7.4. Sales Footprint 18.1.7.5. Strategy Overview 18.1.7.5.1. Marketing Strategy 18.1.8. Honeywell International Inc. 18.1.8.1. Overview 18.1.8.2. Product Portfolio 18.1.8.3. Profitability by Market Segments 18.1.8.4. Sales Footprint 18.1.8.5. Strategy Overview 18.1.8.5.1. Marketing Strategy 18.1.9. Bosch Security Systems 18.1.9.1. Overview 18.1.9.2. Product Portfolio 18.1.9.3. Profitability by Market Segments 18.1.9.4. Sales Footprint 18.1.9.5. Strategy Overview 18.1.9.5.1. Marketing Strategy 18.1.10. Dahua Technology Co., Ltd. 18.1.10.1. Overview 18.1.10.2. Product Portfolio 18.1.10.3. Profitability by Market Segments 18.1.10.4. Sales Footprint 18.1.10.5. Strategy Overview 18.1.10.5.1. Marketing Strategy 19. Assumptions & Acronyms Used 20. Research Methodology
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