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Global Video Surveillance Storage Market (2023-2028) Competitive Analysis, Impact of Covid-19, Ansoff Analysis

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    Report

  • 156 Pages
  • February 2024
  • Region: Global
  • Infogence Global Research
  • ID: 5451279
The Global Video Surveillance Storage Market is estimated to be USD 8.34 Bn in 2023 and is expected to reach USD 11.43 Bn by 2028 growing at a CAGR of 6.51%.

  • Several companies across the globe are investing in installing video surveillance in their workplace. Similarly, governments across several regions have also mandated industries to install these surveillance systems to enhance security. Hence, these investments and mandatory rules drives the market growth of the VSS market. The increasing technological advancement and R&D activities for data storage facilities will also create significant revenue growth opportunities in the global video surveillance storage market in the coming period.
  • Moreover, a lack of awareness regarding the availability of storage systems and technologies and the increasing bandwidth cost are some of the challenging factors that would restrain the growth of the video surveillance storage market. Certain other factors like the high cost associated with storage systems and risk of vendor lock-in, which bars the end-users from migrating to other vendor’s platform, is also expected to affect the growth of video surveillance storage market during the forecast period.

Market Dynamics

Drivers

  • Increasing Physical Threats Worldwide
  • IP Cameras Require High Storage Capacities
  • Increasing Necessity and Mandates for Video Surveillance across Industry Verticals
  • Growing Funds from Governments and Stakeholders for Developing Smart Cities

Restraints

  • Low Availability and Awareness of Systems and Storage Technologies
  • Various Video Surveillance Rules in Workplace

Opportunities

  • Impact of Disruptive Technologies on Video Surveillance Systems
  • Growing Funds from Governments and Stakeholders for Developing Smart Cities

Challenges

  • Cyber Security Attacks and Data Breaches
  • Demand for Higher Bandwidth Leading to Higher Associated Costs

Segments Covered

  • By Services, Implementation & Integration Services will have the highest market share during the forecast period. It is due to the costs involved with the hardware and software systems needed for the implementation and client-side maintenance of the surveillance system. The demand for cloud-based video surveillance is also increasing, which led to an increasing demand for I&I services.
  • By Storage Technologies, Storage Area Network (SAN) segment is estimated to have the highest CAGR in the global video surveillance storage market. This segment is growing due to the increasing digitalization and adoption of fiber channel connectivity. It offers reliable, scalable, and high-performance storage solutions.
  • By Storage Media, the Profession Solid State Drives is expected to have the largest market share in the Global Video Surveillance Storage Market. Solid State Drives (SSDs) replace the traditional hard disks by using flash-based memory. This drive will speed up the computers due to their low read-access times and are much more durable. This feature makes them attractive for video surveillance environments, mainly where mobility and weather conditions are important considerations. SSDs are more reliable and applicable in video surveillance systems because it improves security, provides faster access to critical information, reduces the total cost of ownership, and enhances the overall value and benefits of video surveillance solutions.
  • By Organization Size, Large Enterprises are estimated to hold a larger market size during the forecast period. Due to the wide geographical presence and huge customer database, large enterprises are highly adopting VSS solutions. Also, there is an increasing demand for high-resolution cameras with huge storage capacity in large enterprises as these enterprises use more than 100 cameras on average, which are functioning 24x7 to provide security. Thus, the increasing installations of surveillance systems across all the major verticals contribute to the growth of the VSS market.
  • By Deployment, On Cloud Segment is expected to grow at a higher CAGR during the forecast period owing to its operational flexibility and ease in real-time deployment to companies as compared to on-premises deployment mode. Cloud-based video surveillance storage and management is an emerging approach that provides the highest level of data security and reliability. Many industry verticals are adopting the cloud deployment mode, as it helps them to avoid costs of hardware, software, and storage.
  • By Application, City Surveillance is expected to hold the highest market share during the forecast period. This application helps in monitoring criminal activities in public places like airports, railway stations, theaters, playgrounds, institutes, etc. It also helps in monitoring the traffic.
  • By Vertical, Healthcare & Pharmaceuticals sector dominated the Video Surveillance Storage Market during the forecast period. This is due to the increasing growth of drug-related crimes, gang violence, and patient outbursts. Terrorist attacks have also forced the hospitals to keep more safety measures by video monitoring of inside and outside premise of the hospital. Also, to protect from false claims against nurses, physicians, and staff, the hospital administrators are relying more on video surveillance data.
  • By Geography, North America is expected to contribute the highest revenue share in the video surveillance storage market during the forecast period. It is due to the presence of prominent players operating in these countries. Also, VSS solutions are rapidly deployed to monitor the city traffic, control and investigate the crime scenes, and store video surveillance footage. APAC countries such as China, India, and Australia have also expected growth in this market as the companies such as Dell, Cisco, and IBM are expanding their cloud-based storage business in these regions due to IT infrastructure availability.
  • The Global Video Surveillance Storage Market is segmented based on Services, Storage Technologies, Storage Media, Organization Size, Deployment, Application, End User Industry and Geography.

Global Video Surveillance Storage Market, By Services

  • Introduction
  • Maintenance and Support Service
  • Implementation & Integration Service
  • Consulting and Design Service

Global Video Surveillance Storage Market, By Storage Technologies

  • Introduction
  • Operations Storage Area Network (SAN)
  • Network Attached Storage (NAS)
  • Direct Attached Storage (DAS)
  • Video Recorders

Global Video Surveillance Storage Market, By Storage Media

  • Introduction
  • Profession Solid State Drives
  • Hard Disk Drives

Global Video Surveillance Storage Market, By Organization Size

  • Introduction
  • Small and Medium-sized Enterprises
  • Large Enterprises

Global Video Surveillance Storage Market, By Deployment

  • Introduction
  • On Cloud
  • On-Premises

Global Video Surveillance Storage Market, By Application

  • Introduction
  • Commercial
  • Industrial
  • City Surveillance
  • Defence/Military

Global Video Surveillance Storage Market, By End User Industry

  • Introduction
  • Healthcare & Pharmaceuticals
  • Media & Entertainment
  • Retail
  • Government and Defence
  • Telecommunication and IT
  • Banking, Financial Services, and Insurance (BFSI)
  • Education
  • Transportation and Logistics
  • Manufacturing, Energy, And Utilities

Global Video Surveillance Storage Market, By Geography

  • Introduction
  • North America
  • South America
  • Europe
  • Asia Pacific
  • The Middle East and Africa

Company Profiles

Some of the companies covered in this report are Hitachi, Ltd., Seagate Technology LLC, NetApp, Inc., Cisco Systems, Inc., Dell EMC, Robert Bosch GmbH, Micron Technology Inc., Nexsan Inc., Rasilient System Inc., AXIS Communications AB, VIVOTEK, Inc., Milesight Technology Co. Ltd., Promise Technology Inc., Toshiba Corporation, Zhejiang Uniview Technologies Co. Ltd., Thomas-Krenn.AG, AMAX Engineering Corporation, Pelco Inc., CP PLUS Management GmbH, and Fujitsu Limited.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance Score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

  • Lions: Represents companies with a strong foothold in the market, with the highest market share, large investments in technologies, new products.
  • Bulls: Companies that are medium in size competing with their USPs, growing companies with proven market share.
  • Rabbits: Small companies but growing rapidly, constantly improving their offerings in the market
  • Tortoise: Companies which are slow in growth, having a long legacy, and stable or negative in performance

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Video Surveillance Storage Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using Competitive Quadrant, the Proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market

Table of Contents

1. Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Shareholders
2. Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.3 Market Size Estimation
2.4 Assumptions of the Study
2.5 Limitations of the Study
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.3 Trends
5. Market Analysis
5.1 Porter’s Five Forces Analysis
5.2 Impact of COVID-19
5.3 Ansoff Matrix Analysis
6. Global Video Surveillance Storage Market, By Service
6.1 Introduction
6.2 Maintenance and Support Service
6.3 Implementation & Integration Service
6.4 Consulting and Design Service
7. Global Video Surveillance Storage Market, By Storage Technologies
7.1 Introduction
7.2 Storage Area Network (SAN)
7.3 Network Attached Storage (NAS)
7.4 Direct Attached Storage (DAS)
7.5 Video Recorders
8. Global Video Surveillance Storage Market, By Storage Media
8.1 Introduction
8.2 Profession Solid State Drives
8.3 Hard Disk Drives
9. Global Video Surveillance Storage Market, By Organization Size
9.1 Introduction
9.2 Small and Medium-sized Enterprises
9.3 Large Enterprises
10. Global Video Surveillance Storage Market, By Deployment
10.1 Introduction
10.2 On Cloud
10.3 On-Premises
11. Global Video Surveillance Storage Market, By Application
11.1 Introduction
11.2 Commercial
11.3 Industrial
11.4 City Surveillance
11.5 Defense/Military
12. Global Video Surveillance Storage Market, By End User Industry
12.1 Introduction
12.2 Healthcare & Pharmaceuticals
12.3 Media & Entertainment
12.4 Retail
12.5 Government and Defense
12.6 Telecommunication and IT
12.7 Banking, Financial Services, and Insurance (BFSI)
12.8 Education
12.9 Transportation and Logistics
12.10 Manufacturing, Energy, And Utilities
13. Global Video Surveillance Storage Market, By Geography
13.1 Introduction
13.2 North America
13.2.1 US
13.2.2 Canada
13.2.3 Mexico
13.3 South America
13.3.1 Brazil
13.3.2 Argentina
13.4 Europe
13.4.1 UK
13.4.2 France
13.4.3 Germany
13.4.4 Italy
13.4.5 Rest of Europe
13.5 Asia-Pacific
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 Australia
13.5.5 Rest of APAC
13.6 Middle East and Africa
14. Competitive Landscape
14.1 Competitive Quadrant
14.2 Market Share Analysis
14.3 Competitive Scenario
14.3.1 Mergers & Acquisitions
14.3.2 Agreements, Collaborations, & Partnerships
14.3.3 New Product Launches & Enhancements
14.3.4 Investments & Fundings
15. Company Profiles
15.1 Hitachi, Ltd.
15.2 Seagate Technology LLC
15.3 NetApp, Inc.
15.4 Cisco Systems, Inc.
15.5 Dell EMC
15.6 Robert Bosch GmbH
15.7 Micron Technology Inc.
15.8 Nexsan Inc.
15.9 Rasilient Systems Inc.
15.10 Axis Communications AB
15.11 Vivotek, Inc.
15.12 Milesight Technology Co. Ltd.
15.13 Promise Technology Inc.
15.14 Toshiba Corporation
15.15 Zhejiang Uniview Technologies Co. Ltd.
15.16 Thomas-Krenn AG
15.17 Amax Engineering Corporation
15.18 Pelco Inc.
15.19 CP PLUS Management GmbH
15.20 Fujitsu Limited
16. Appendix
16.1 Questionnaire

Companies Mentioned

  • Hitachi, Ltd.
  • Seagate Technology LLC
  • NetApp, Inc.
  • Cisco Systems, Inc.
  • Dell EMC
  • Robert Bosch GmbH
  • Micron Technology Inc.
  • Nexsan Inc.
  • Rasilient Systems Inc.
  • Axis Communications AB
  • Vivotek, Inc.
  • Milesight Technology Co. Ltd.
  • Promise Technology Inc.
  • Toshiba Corporation
  • Zhejiang Uniview Technologies Co. Ltd.
  • Thomas-Krenn AG
  • Amax Engineering Corporation
  • Pelco Inc.
  • CP PLUS Management GmbH
  • Fujitsu Limited

Table Information