Video Surveillance Storage Market Trends
                     Market Highlights 
Market Research Future (MRFR) reveals that the global video surveillance storage market 2020 can 
expand to a size of USD 38 billion by 2023-end. MRFR also projects the global market expansion 
rate to be 25% between 2017 and 2023 (forecast period). 
Top Drivers and Key Barriers  
An increasing number of large enterprises around the world make use of over 100 cameras for 
surveillance on an average, which function 24/7. The use of surveillance cameras as well as the 
worth of video analytics is only going to increase in the near future, boosting the need for video 
surveillance storage. Massive investments in security and safety against terrorist attacks, emerging 
trend of smart cities, rising integration of Artificial Intelligence into video surveillance systems, and 
the fast-paced growth of IoT solutions also ensure high business growth for video surveillance 
storage market.  
The increasing demand for time-saving and highly efficient surveillance systems that are affordable 
also induce favorable prospects for video surveillance storage market growth across the globe. 
Additionally, the soaring demand for real-time data in sectors like law enforcement to track events 
and perpetrators can benefit the global market in the approaching period. The market can be 
presented with a host of lucrative opportunities in the form of increasing adoption of cloud-based 
services for databases. 
Having said that, the steep cost of installing video surveillance system can deter its demand to some 
extent and curb the market growth. On the bright side, the increasing focus on tech innovations of 
video surveillance systems among established and new players can warrant excellent growth 
prospects for the market in the following years. 
Segmentation: 
The video surveillance storage market trends segment comprises storage technology, type of 
storage, deployment, services, organization size and vertical.  
The storage technologies discussed in the MRFR report are Storage Area Network (SAN), Direct 
Attached Storage (DAS), and Network Attached Storage (NAS). 
The storage types are Hard Disk Drives (HDDs), as well as Solid State Drives (SDDs).  
Deployment-based segments include on-cloud and on-premise.  
Service-wise, the main market segments are professional and managed services.  
The various sizes of organizations that use video surveillance storage systems are small and 
medium enterprises (SMEs) along with large enterprises.  
The video surveillance storage market share is increasing steadily owing to its rising use in 
verticals like government, education, healthcare, BFSI, transportation, retail, and others. 
Regional Analysis  
The video surveillance storage market growth will be apparent in the primary regions of Europe, 
North America, Asia Pacific (APAC) and the rest of the world (RoW). 
North America can possibly secure the leading position in the global market, all due to factors like 
the surge in surveillance data and the mounting requirement for cloud-based storage solutions. 
Housing a massive number of well-known vendors and witnessing launch of highly innovative 
storage solutions, the regional market is set to expand incredibly over the next couple of years. 
Also, the increasing number of installations of surveillance systems in a broad range of verticals 
gives rise to attract opportunities for the video surveillance storage market within the region. The 
accelerating need to comply with stringent security rules and regulations is anticipated boost the 
video surveillance storage market size in the region. 
APAC can soon be one of the leading regions in the global market, while achieving a high growth 
rate. The lucrative business growth in the region is the outcome of the increasing innovations in 
storage technologies, surge in the number of CCTVs being installed in various industry verticals, 
and the rising trend of smart city projects. Video surveillance storage systems observe the highest 
demand in the developing countries of India, Japan, and China, thanks to the expanding number of 
smart cities and the rapidly increasing industrialization and urbanization. 
Significant Companies  
The companies that are currently leading the video surveillance storage market include Schneider 
Electric SE (France), Hitachi Ltd. (Japan), NetApp (U.S.), Dell (U.S.), Avigilon Corporation (Canada), 
Seagate Technology LLC (U.S.), Cisco Systems (U.S.), Robert Bosch GmbH (Germany), Honeywell 
International Inc. (U.S.), and others. These vendors are constantly innovating and making sizeable 
investments in research and development activities to come up with an elaborate product portfolio. 
Pelco, Inc.(U.S.), Mindtree Limited (India), Iveda Solutions Inc. (U.S.), Quantum Corporation (U.S.), 
Buffalo Technology (Japan), Arxys Software Orchestrated Storage (U.S.), Promise Technology Inc. 
(U.S.), are a few prominent innovators in the worldwide market.  
Some other significant companies are Johnson Controls (U.S.), Rasilient Systems Inc. (U.S.), Eyecast 
Inc. (U.S.), Western Digital Corporation (U.S.), Pacific Controls (UAE), Fujitsu (Japan), Nexsan 
Corporation (U.S.), Veracity Inc. (U.K), to name a few.