Video Surveillance Storage Market by Storage Device (NAS, DAS, SAN), Storage Media (SSD, HDD), Storage Capacity (1TB, 2TB, 4TB, and above), Surveillance System Used (IP, Analog), and Software (Video Analytics, Video Management) - Global Forecast to 2029
[340 Pages Report] The global video surveillance storage market will grow from USD 9.5 billion in 2024 to USD 12.6 billion by 2029 at a compounded annual growth rate (CAGR) of 5.7% during the forecast period.
With the global video surveillance storage market dominated by major players, many are integrating AI into their hardware and software to improve security and data and optimize efficiency. Some vendors, such as Avigilon, are integrating pressure analytics into their cameras or recorders, allowing threats to be identified and actual responses to be initiated without the surveillance being constantly monitored by security personnel. Their solutions leverage artificial intelligence to detect risky events and eliminate false positives to make surveillance smarter and prevent instead of reacting to the events.
Seagate Technology has integrated artificial intelligence into storage drives, maximized data retrieval and processing rate, and reduced latency. Their AI-incorporated drives are used to meet the challenges of video analytics, in other words, to process a vast amount of surveillance data. Honeywell is another prominent example of the use of artificial intelligence, particularly in its cloud-based video surveillance systems, where the functionality of analysis, including facial recognition and behavior recognition, is integrated into the company's hardware and software lines. Such integrations enhance security results and help organizations better utilize the data gathered from surveillance videos, transforming tape into treasure. This trend of exploiting AI in CCTV sets a new benchmark for storing video surveillance systems, making them more innovative and responsive to ever-growing security needs.
To know about the assumptions considered for the study, Request for Free Sample Report
To know about the assumptions considered for the study, download the pdf brochure
Impact of Gen AI in Video Surveillance Storage Market
The drastic change that Generative AI (Gen AI) has introduced in the aspect of storage in video surveillance is immense, especially in the framework of Big Data & Analytics, Cloud Computing, Blockchain, IoT, and Cybersecurity. Gen AI improves video analytics, providing real-time operations and improved insights, leading to a higher demand for better storage to accommodate the large data sets required for analysis. Gen AI ensures proper data management and storage systems in cloud computing, allowing easy video expansion and retrieval. Blockchain integration with Gen AI improves data credibility and safeguards it by offering a seamless and immutable repository for video data. Connected IoT devices with Gen AI create and transfer vast amounts of video data, requiring robust storage systems compatible with AI processing. Cybersecurity: In Gen AI, threat identification and management enhance threat analysis and mitigation measures to isolate video data from potential attacks and data leaks.
Video Surveillance Storage Market Dynamics
Driver:Increased need for AI vision-based video surveillance systems
The demand for AI vision-based video surveillance systems is rising mainly because of the element of security and monitoring in real-time. The applications of AI in surveillance and video feed analysis enable real-time real-time analysis of feeds to identify anomalies, recognize faces, and identify suspicious activities, making the systems more efficient and accurate. Increasing crime rates, terrorist activities, and security break-ins have ensured that better surveillance systems are called for. Also, when AI is incorporated with video surveillance systems, threats are easily detected, and minimal human interference exists. The growth of smart cities and the IoT environment also drives its need as these systems must adapt to powerful surveillance for traffic management, public safety, and infrastructure control. Global video surveillance storage is also increasing because organizations, companies, and governments are incorporating AI in surveillance for better efficiency and security and to save resources.
Restraint: Privacy concerns with video surveillance
Privacy is a major limiting factor for video surveillance storage. The use of such technology raises concerns such as continual monitoring via surveillance cameras and the misuse of personal data by AI. Personalities are mindful of trespassing, violation of privacy, and tape misuse, among others, which lead to criminal acts such as impersonation, intimidation, and other related vices. They are the GDPR, which set grievous requirements for the gathering, storage space, and handling of information, and the CCPA, which placed further pressure on the compliance costs of organizations. This is because the adoption of surveillance technologies will likely draw public anger and litigation due to perceived violation of rights such as privacy. Also, it is essential to note that in current cultures of spying in public and private domains, ethical aspects of pertinent security discussions on liberties yield protection. Such concerns require robust data protection mechanisms, transparent policies, and the development of privacy-preserving technologies, which hinder the market's growth and raise operational challenges for organizations using surveillance solutions.
Opportunity: Growing funds from governments and stakeholders for developing smart cities
Smart cities are the new emerging trend, and governments and other stakeholders investing heavily in their development provide a good market for video surveillance storage. The concept of intelligent cities enforces the safety of people and their property, efficient traffic flow, and optimum planning of cities, increasing the demand and supply gap of sophisticated surveillance systems. These projects are often funded to implement new technologies in their designs, such as AI-based video analytics and IoT devices that need big data storage solutions. The improved surveillance assists in observing and controlling cities and metropolitan areas to prevent crime, natural disasters, and structures. When governments and private organizations join their efforts to create smart cities, data storage issues about event videos emerge as a problem, requiring reliable and secure solutions that can grow along with the cities themselves. New funds significantly boost innovation and stimulate market development in video surveillance. However, combining video surveillance with other innovative applications introduces new opportunities for big data analytics and compatibility within the smart city platform, increasing the market prospects.
Challenge: A highly competitive environment for companies offering video surveillance storage
Video surveillance storage faces the problem of high competition because the market for the provision of this service is highly competitive. Many organizations compete for customers, and profit spreads are narrow due to the price competition. New technologies must constantly be introduced into the market by businesses to stand out; new features such as AI for analytics, more data storage for datasets, and data security put pressure on available resources and elevate research, development, and implementation costs. There is also the constant issue of technological change, which means it is not just that products are regularly becoming obsolete. Still, the changes are happening more rapidly than companies may be able to manage.
Moreover, competition is threatened by its rise, exacerbated by the fact that there is a large number of players, from small new entrants to large tech companies, along with many specialized niche providers. Customer demanding integration with existing systems and interoperability are the other issues that make the environment tricky. There is also an issue of Standards & Regulations where companies have to go through different regions' standards & regulations, increasing the pressure. Indeed, the presence of various firms and, hence, competition intensifies the need to create and sustain a brand image and customer loyalty.
The Video Surveillance Storage Market Ecosystem
Based on the vertical, the commercial vertical is expected to dominate the market during the forecast period.
Based on the vertical, the video surveillance storage market is segmented into commercial, infrastructure, military & defense, residential, public facilities, and industrial verticals. The commercial vertical is expected to hold the largest market share during the forecast period. Business establishments implement video security recording systems for improved security, efficient controls, and compliance with standards. These solutions enable businesses to archive large volumes of HD video data to monitor and review events. The systems and solutions offered include network video recorders (NVR), providing clients with the best solutions according to risk profiles, size, and cloud storage. These storage systems are used retail stores, office complexes, and factories to protect assets and regulate the flow of operations. Also, integrating sophisticated analyses and artificial intelligence improves the work of these systems by providing additional features such as motion detection, face recognition, and behavior analysis that can guarantee a more active approach to security and operational management.
Based on the organization size, the SME segment is expected to have the highest growth rate during the forecast period.
Based on organization size, the video surveillance storage market is segmented into large enterprises and SMEs. The SME segment is likey to grow at the highest rate during the forecast period. Video surveillance storage solutions offer SMEs benefits such as increased security, minimized theft, and better operations through manageable and cheap storage such as NAS and hybrid solutions. These systems allow SMEs to achieve premise security and save important video data without much capital investment. However, SMEs face challenges, such as capital-intensive investment in hardware and maintenance costs, and most lack the technical knowledge to manage and secure the storage infrastructure. Furthermore, data privacy issues are crucial for SMEs, and compliance is often complicated and time consuming resulting in distraction from their primary business functions.
Based on the deployment type, on-premises deployment will dominate the market during the forecast period.
Based on deployment type, the video surveillance storage market is bifurcated into on-premises and cloud segments. On-premises deployment mode is expected to account for the largest market share during the forecast period. On-premises video surveillance storage remains a popular choice for data security control, instant access to data, and flexibility. Consumers get high performance in data access and the opportunity to work on integration with existing structures. These solutions are also the most suitable when the organization needs to meet high data privacy standards. However, users wouldn't have it relatively easy and would have to contend with steep hardware and maintenance costs, specialized IT personnel, and other operations costs. Furthermore, scaling the on-premises solutions may be time-consuming and expensive, and controlling storage and backup options is complex. The other concerns include the protection of the physical storage infrastructure of the storage and, in the event of hardware failure, data loss.
The US is expected to dominate North America's video surveillance storage market.
The US is estimated to account for the largest market share in North America in 2024, and the trend is expected to continue during the forecast period. In the US region, it is essential to explain why video surveillance storage solutions and services are critical to protecting public and privately owned property. They assist in storing, processing, and indexing large numbers of typical video streams in surveillance, such as security cameras. Some firms in this industry include Eagle Eye Networks, which offers cloud video surveillance storage solutions with high security and the capacity to expand to meet the client's needs, thus being suitable for businesses, learning institutions, and enforcing agencies. Hence, the most versatile and famous application of video storage systems for storage and subsequent use is in smart cities for monitoring traffic, improving security, and supporting emergencies. Integrating AI and analytics in these storage solutions also optimizes the monitoring of processes and real-time identification of security threats, improving security processes.
Key market players
The video surveillance storage market is dominated by a few globally established players such as Western Digital Corporation (US), Seagate Technology (US), Hitachi (Japan), Dell Technologies (US), Honeywell (US), NetApp (US), Avigilon (Canada), Bosch (Germany), Hikvision (China), and Toshiba (Japan) among others, are the key vendors that secured video surveillance storage contracts in last few years. Customers are trying new things in the video surveillance storage market because of their higher budgets, ease of access to information, and quick adoption of technical items.
Want to explore hidden markets that can drive new revenue in Video Surveillance Storage Market?
Scope of the Report
Want to explore hidden markets that can drive new revenue in Video Surveillance Storage Market?
|
Report Metrics |
Details |
|
Market size available for years |
2019–2029 |
|
Base year considered |
2023 |
|
Forecast period |
2024–2029 |
|
Forecast units |
Value (USD Million/Billion) |
|
Segments Covered |
Offering, Deployment Mode, Storage Capacity, Storage Media, Surveillance System, Organization Size, and Vertical |
|
Geographies Covered |
North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
|
Companies Covered |
Some of the significant video surveillance storage market vendors are Western Digital Corporation (US), Seagate Technology (US), Hitachi (Japan), Dell Technologies (US), Honeywell (US), NetApp (US), Avigilon (Canada), Bosch (Germany), Hikvision (China), and Toshiba (Japan). |
This research report categorizes the video surveillance storage market based on offering, deployment type, storage capacity, storage media, surveillance system, organization size, and vertical.
Based on the offering:
-
Hardware
- NAS
- DAS
- SAN
-
Software
- Video Management Software
- Video Analytics Software
-
Services
- Professional Services
- Managed Services
Based on the Storage Capacity:
- 1 TB
- 2 TB
- 4 TB
- Above 4 TB
Based on the Deployment Type:
- On-premises
- Cloud
Based on the Storage Media:
- HDD
- SSD
Based on the Organization Size:
- Large Enterprises
- SMEs
Based on the Vertical:
- Commercial
- Infrastructure
- Military & Defense
- Residential
- Public Facilities
- Industrial
Based on the Region:
-
North America
- US
- Canada
-
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
-
Asia Pacific
- China
- Japan
- Australia & New Zealand
- Singapore
- India
- Rest of Asia Pacific
-
Middle East & Africa
-
Gulf Cooperation Councils (GCC)
- Kingdom of Saudi Arabia
- United Arab Emirates
- Rest of the GCC Countries
- South Africa
- Rest of the Middle East Africa
-
Gulf Cooperation Councils (GCC)
-
Latin America
- Brazil
- Mexico
- Rest of Latin America
Recent Developments:
- In August 2024, Western Digital announced new solutions to address AI Data Cycle workloads in segments covering Tiered Markets were provided. These include new PCIe Gen5 enterprise-class SSDs, a new 64TB SSD, a 32TB ePMR SMR HDD for data centers, and BiCS8 QLC eSSD and RapidFlex interposer for AI high-speed signal interfacing. For the Client BiCS8 SSDs for PCs and laptops, it provided client demonstrations.
- In May 2024, the NVR 5.0 was introduced into the market by Hikvision, an intelligent, innovative operations, protection, and connectivity AIoT platform. The fifth version (NVR 5.0) of the S1000D standard is based on the following previous iterations. It introduced a live view with an improved interface, increased speed of playback with 'AcuSearch,' and better responses to real-time alarms.
- In April 2024, NetApp revealed its further collaboration with Google Cloud to increase data storage solutions and back the generative artificial intelligence (GenAI) and the hybrid cloud. The standardized NetApp solutions for Google Cloud are the new Flex service level for Google Cloud NetApp Volumes, which can be scalably and flexibly applied, completing Standard, Premium, and Extreme levels.
- In January 2024, Seagate Technology intended to ship the IronWolf Pro 24 TB drive for small and midsize businesses and enterprise NAS deployments. It is one of the drives in the IronWolf Pro solutions, which are available in 2 TB to 24 TB class, has a transfer rate of 285MB/s, a workload rate of 550 TB/yr, and is built on a 2.5M hour MTBF is required to meet Convoy continual and thoroughly reliable operation in round the clock duty.
- In November 2023, the Saudi-based Toshiba GULF FZE agreed with MBUZZ to distribute Toshiba's high-capacity enterprise-grade HDDs and NAS products in the KSA. This partnership aimed to diversify expandable storage facilities within the framework of the Smart City concept and, accordingly, further requirements for storing video data. By addressing many markets and providing distinct services, MBUZZ was expected to offer affordable, safe, and efficient storage to more innovative and safer regional cities.
Frequently Asked Questions (FAQ):
What is video surveillance storage?
As the term suggests, video surveillance storage is components that store, manage, and deliver video acquired by surveillance cameras. This storage should be an environment that stores videos over time for security functions, analysis, and evidential purposes. Video surveillance storage solutions require the ability to store significant amounts of data, the highest resolution videos, and multiple hold times to be available when needed. They are intended to meet such requirements as the constant video stream of numerous streams of video inputs. In many cases, they must consider parameters like extensibility, stability, price, and power consumption.
Which country was the early adopter of video surveillance storage?
The US was at the initial stage of adopting video surveillance storage.
Which are the key vendors exploring video surveillance storage?
Some of the significant vendors offering video surveillance storage worldwide include Western Digital Corporation (US), Seagate Technology (US), Hitachi (Japan), Dell Technologies (US), Honeywell (US), NetApp (US), Avigilon (Canada), Bosch (Germany), Hikvision (China), and Toshiba (Japan).
What is the total CAGR recorded for the video surveillance storage market from 2024 to 2029?
The video surveillance storage market is expected to achieve a CAGR of 5.7% from 2024 to 2029.
Who are vital clients adopting the video surveillance storage market?
Key clients adopting the video surveillance storage market include: -
- Training and consulting service providers
- Security Managers/Directors providers
- Video surveillance storage solutions providers
- System Integrators providers
- Compliance Officers
- Network Administrators
- Compliance Officers
- Data Protection Officers (DPOs)
To speak to our analyst for a discussion on the above findings, click Speak to Analyst
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
The study comprised four main activities to estimate the video surveillance storage market size. We conducted significant secondary research to gather data on the market, the competing market, and the parent market. The following stage involved conducting primary research to confirm these conclusions and hypotheses and sizing with industry experts throughout the value chain. The overall market size was evaluated using a blend of top-down and bottom-up approach methodologies. After that, we estimated the market sizes of the various video surveillance storage market segments using the market breakup and data triangulation techniques.
Secondary Research
We determined the size of companies offering video surveillance storage markets and services based on secondary data from paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.
In the secondary research process, various sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the spending of various countries on the video surveillance storage market was extracted from the respective sources. We used secondary research to obtain the critical information related to the industry's value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to components of the major players, industry trends related to components, users, and regions, and the key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, we interviewed various primary sources from the supply and demand sides of the video surveillance storage market to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from vendors providing video surveillance storage offerings, associated service providers; and is operating in the targeted countries. all possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data.
After the complete market engineering process (including calculations for market statistics, market breakup, market size estimations, market forecasting, and data triangulation), we conducted extensive primary research to gather information and verify and validate the critical numbers arrived at. The primary research also helped identify and validate the segmentation, industry trends, key players, competitive landscape, and market dynamics, such as drivers, restraints, opportunities, challenges, and key strategies. In the complete market engineering process, the bottom-up approach and several data triangulation methods were extensively used to perform market estimation and market forecasting for the overall market segments and subsegments listed in this report. We conducted an extensive qualitative and quantitative analysis of the complete market engineering process to list the key information/insights throughout the report.
The Breakup of Primary Profiles:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The video surveillance storage market and related submarkets were estimated and forecasted using top-down and bottom-up methodologies. We used the bottom-up method to determine the market's overall size, using the revenues and product offerings of the major market players. This research ascertained and validated the precise value of the total parent market size through data triangulation techniques and primary interview validation. Next, using percentage splits of the market segments, we utilized the overall market size in the top-down approach to estimate the size of other individual markets.
Top Down and Bottom Up Approach of Video Surveillance Storage Market.
To know about the assumptions considered for the study, Request for Free Sample Report
The research methodology used to estimate the market size included the following:
- We used primary and secondary research to determine the revenue contributions of the major market participants in each country after secondary research helped identify them.
- Throughout the process, we obtained critical insights by conducting in-depth interviews with industry professionals, including directors, CEOs, VPs, and marketing executives, and by reading the annual and financial reports of the top firms in the market.
- We used primary sources to verify all percentage splits and breakups, which we calculated using secondary sources.
Data Triangulation
Once the overall market size was determined, we divided the market into segments and subsegments using the previously described market size estimation procedures. When required, market breakdown and data triangulation procedures were employed to complete the market engineering process and specify the exact figures for every market segment and subsegment. The data was triangulated by examining several variables and patterns from government entities' supply and demand sides.
Market Definition
According to MarketsandMarkets, Video surveillance storage can be defined as how the video data obtained through the functioning of the video surveillance cameras is stored. It is indispensable in guaranteeing the safety and storage of video data for future use in security. Storage can be short-term or long-term and depends on the storage size, speed, and reliability in line with the live surveillance conditions: indoor, outdoor, or mobile. It must be capable of handling high-definition video, with multiple video streams from the cameras and different frame rates; it has to address issues such as the power consumption of the cameras and how long video footage is stored. Storage products are network-attached storage (NAS), direct attached storage (DAS), and cloud storage solutions, and all of these come with different strengths when it comes to scaling, access, and pricing. Proper storage helps maintain high safety and compliance with videos collected for security, investigations, etc.
Key Stakeholders
- Training and consulting service providers
- Security Managers/Directors providers
- Video surveillance storage solutions providers
- System Integrators providers
- Compliance Officers
- Network Administrators
- Compliance Officers
- Data Protection Officers (DPOs)
Report Objectives
- To define, describe, and forecast the video surveillance storage market based on offering, storage media, storage capacity, surveillance system, deployment type, organization size, vertical, and region.
- To provide detailed information about the significant factors, such as drivers, opportunities, restraints, and challenges, influencing the growth of the market
- To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
- To forecast the market size concerning five main regions — North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
- To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
- To profile the market's key players and comprehensively analyze their size and core competencies
- To track and analyze the competitive developments, such as product enhancements, product launches, acquisitions, partnerships, and collaborations, in the video surveillance storage market globally
Available Customizations
MarketsandMarkets provides customizations based on the company's unique requirements using market data. The following customization options are available for the report:
Product Analysis
- The product matrix provides a detailed comparison of each company's portfolio.
Geographic Analysis
- Further breakup of the video surveillance storage market
Company Information
- Detailed analysis and profiling of five additional market players
Growth opportunities and latent adjacency in Video Surveillance Storage Market