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Video Surveillance Storage: Surging market due to decreasing hard disk prices and advent of new technologies
Storing the data from the video surveillance cameras is one of the oldest practices which were carried out by companies and government organizations since the analogue cameras were installed for surveillances. This practice was not that important in early years and only the selected data was stored. The media used for storing the data were typical tape drives which were recorded using the VCRs. With limited storage space, low quality of data and less shelf life, the recording of the data on the tapes were just to fulfill the mandates.
With the advent of IP cameras and the increasing norms of the government to store the data for longer period of time, companies are turning to implement large scale storage systems for holding the data for longer period of time. This market for surveillance storage has also gained a major boost due to the decreasing cost of hard disk drives and the lowering cost of storing the data on them.
Many companies have come up with the technologically advanced network video recorders which connect all the IP cameras and store the data from all the cameras on a centralized storage. These companies are basically using an array of hard drives which are placed on a central location. For small installations, the DVRs are used for storing the data which are scalable and use internal as well as external storage systems. The new technological solutions available, such as the hybrid storage devices can record and store the data from both analogue and IP cameras and uses a combination of the storage arrays. Hard disk drives are playing the major role in these storage systems and technologies.
These new technological solutions and the decreasing prices of hard disk drives have pushed the market for video surveillance storage solutions. Many government organizations and the enterprises around the globe are installing these systems to store the data for analytics and analysis of any incident which is being captured on these cameras.
These growing trends have pushed the overall market of video surveillance storage. The global market for video surveillance storage is expected to grow from $4.90 billion in 2013 to $10.41 billion by 2018, at an estimated Compound Annual Growth Rate (CAGR) of 16.3% from 2013 to 2018.
Video Surveillance Storage Market by Technology (DAS, SAN, NVR, NAS, DVR, Unified Storage), by Media (HDD, SSD, Optical Drives, Linear Tapes), by Deployment (Cloud, On-Premise) - Worldwide Market Forecasts and Analysis (2013 - 2018)
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