MarketsandMarkets forecasts the global Video Surveillance Storage (VSS) market size to grow from USD 7.5 billion in 2020 to USD 10.2 billion by 2025, at a CAGR of 6.1% during 2020–2025. Major growth factors for the market include the adoption of IP cameras and demand for video surveillance and its storage to secure public places.
Video surveillance storage is an important segment of the overall video surveillance system setup. It refers to the process of storing data generated by surveillance cameras connected to storage devices. This real-time data gets stored in the storage devices that consist of storage media, such as Hard Disk Drives (HDDs) and Solid State Drives (SSDs), and connects directly or over the network. The data stored on these devices can later be retrieved for analysis in case of any unwanted occurrence of an event. The growing video surveillance market is complementing the surveillance storage market.
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The major VSS vendors operating in the market include Cisco (US), Hitachi (Japan), Dell EMC (US), Honeywell (US), Avigilon (Canada), NetApp (US), Bosch (Germany), Seagate (US), Quantum (US), Schneider Electric (France), Fujitsu (Japan), Wester Digital (US), BCDVideo (US), Cloudian (US), Spectra Logic (US), Micron Technology (US), Nexsan (US), RAIDIX (Switzerland), Infortrend (Taiwan), Rasilient System (US), Intransa (US), PIVOT3 (US), IDIS (South Korea), AXIS Communications (Sweden), VIVOTEK (Taiwan), huperLab (Taiwan), Milesight (US), Secure Logiq (UK), Promise Technology (US), D-Link (Taiwan), ADATA (Taiwan), Toshiba (Japan). Hikvision (China), Uniview (China), Qognify (US), Thomas Krenn (Germany), AMAX (US), Genetec (Canada), Pelco (US), and CP PLUS (Germany).
NetApp was founded in 1992 and is headquartered in California, US. The company is one of the leading providers of hybrid cloud data services. It specializes in network storage, cloud computing, storage efficiency, information management, data storage, and hybrid cloud. It operates through 3 reportable segments, namely, product, hardware maintenance and other services, and software maintenance. In the VSS market, NetApp offers Video Surveillance Storage Solution and the NetApp E-Series storage solution. In May 2019, NetApp launched NetApp ONTAP 9.6. NetApp ONTAP 9.6 is a cloud-based flash solution. ONTAP is capable of storing high-quality video surveillance footages.
Seagate was founded in 1979 and is headquartered in California, US. The company is one of the leaders in offering electronic data storage solutions. It specializes in external storage, internal storage, cloud storage, small business storage, portable storage, networking, home entertainment, storage solutions, and data recovery. The company’s main products are HDDs. The company offers SMEs data storage services, such as online backup, data protection, and recovery solutions. In March 2019, Seagate launched the Seagate SkyHawk 14 Tera Byte (TB) hard drive. The hard drive is designed for network video recorders. An AI model is offered with the Seagate SkyHawk 14TB hard drive for supporting frame recognition streams.
Video Surveillance Storage Market by Product (SAN, NAS, DAS, and video recorders), Storage Media (HDD and SSD), Enterprise Size, Application (Commercial, City Surveillance, and Industrial), Deployment Mode, Vertical, and Region - Global Forecast to 2025
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