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Video surveillance storage market to reach $18.28B Print E-mail
Thursday, 22 October 2015 07:57

A new market report estimates that the video surveillance storage market is expected to reach USD 18.28 Billion by 2020, at a compound annual growth rate (CAGR) of 22.41% from 2015 to 2020.The report, produced by Marketsandmarkets, defines and divides the video surveillance storage market into various segments with an in-depth analysis and by forecasting revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it and studies the trends to achieve growth in this market. There is also emphasis on key adoption trends, evolution of video surveillance storage techniques, attractive market opportunities, and business cases in this innovative market.

According to the analysts, the video surveillance storage market is broadly segmented into storage technologies, storage media, deployment models, services, verticals, and regions. Based on storage technologies, the market is segmented into Storage Area Network (SAN), Direct attached Storage (DAS), and Network Attached Storage (NAS). SAN technology is further sub segmented into Fiber Channel (FC) SAN, Internet Small Computer System Interface (iSCSI), and Fiber Channel over Ethernet (FCoE). The storage media includes Hard Disk Drives (HDDs) and Solid State Drives (SDDs). The types of services considered in the report include system integration services, consulting and design service, and maintenance and support services. As per verticals, in termso of the report, the market has been segmented into government and defense, education, banking financial services and insurance (BFSI), retail, utilities, healthcare, home security, and others. It has also been segregated into five major regions, namely, North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA). Video surveillance storage is an important part of the entire surveillance system setup as it stores the recorded video. It has emerged from a simple data recording to sophisticated storage of data using storage technologies that can be analysed and retrieved, whenever required. The surveillance system is deployed by various end users in all industries for the safety and security of the individual, properties, and other valuable assets. The stored data can also be used as footage to uncover an unwanted event, in case of theft and various such scenarios. There are various norms that are being imposed by governments to store data for a specific period of time. The government and defense are the major end users that are using video surveillance storage solutions. Education, retail, and residential among other verticals shows high opportunities in this space. Falling prices of hard disk drives (HDDs) is allowing the end users to store large volume of data, further encouraging the demand for surveillance storage space. Research suggests that the North America market is expected to grow with a high market share of 38.6% by 2020. It was also found that the Middle East and Africa followed by Asia-Pacific have great opportunities in this market with the highest percentage of CAGR. A number of factors such as developing economies with increasing adoption of video surveillance systems are creating positive impact on the growth of the video surveillance storage market.

The full title of the report is theĀ "Video Surveillance Storage Market by Storage Technology (SAN, DAS, NAS), Storage Media (HDDS, SDDS), Deployment Model (On-Premise & On Cloud), Service, Vertical, and Region - Global Forecast to 2020". [www.marketsandmarkets.com]


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