The development of camera technology has led to the creation of high-resolution cameras that can record more detailed videos. Additionally, as video analytics systems evolved, more data was generated that needed to be archived and studied. This advancement raised the requirement for storage. Several industries have stringent regulations and compliance criteria regarding the storage of video surveillance data. Organisations must store video footage in a secure yet accessible location in order to follow these regulations.
The global video surveillance storage market has been analysed based on market segments, including type, enterprise size, deployment, industry vertical, storage media, application, geography/regions (including North America, Latin America, Western Europe, Eastern Europe, Middle East & Africa, and Asia Pacific), according to a deep-dive market assessment by RationalStat. Additionally, the study provides market sizes for the international and regional markets for the 2019–2022 historical period and the 2023–2028 forecast period.
Market intelligence for the global video surveillance storage market includes market sizes by various products/services/equipment based on market value (US$/EUR Million) and volume (Units), demand assessment across the key regions, customer sentiments, price points, cost structures, margin analysis across the value chain, financial assessments, historical and forecast data, key developments within the industry, import-export data, trade overview, and components market b
The long-term sector and product/service 10-year outlook and its effects on the worldwide market for video surveillance storage are also discussed. The state of the industry as of late is also included, including Production Levels, Capacity Utilisation, Tech Quotient, etc. Manufacturing capacity by nation, installed base, import volumes, market size, key players, market dynamics, market statistics, insights, etc., will be important pieces of information.
By 2029, managed services are predicted to command the largest market share in the market for video surveillance storage, with a share of 23.2%. The proliferation of telecommunications services has led to an increase in collaboration in customer services.
The cloud segment accounted for the most market share for video surveillance storage in 2022 based on deployment, and it is predicted that it would grow at the highest CAGR of 18.1% during the following five years. The majority of organisations utilise cloud computing to increase capacity, improve functionality, or add new services on demand without having to start overpaying for existing in-house support staff or make potentially expensive infrastructure investments.
The worldwide video surveillance storage market is anticipated to be dominated by the healthcare and pharmaceutical sectors throughout the course of the projection. due to the numerous threats that the healthcare sector faces, including drug-related crimes and patient outbursts. Due to this and the ongoing risk of newborn abduction occurrences, security managers were forced to adjust safety procedures and increase video surveillance.