Pune, 15, Dec, 2022: The Video Surveillance Storage Market report published by Maximize Market Research, the market is expected to grow from USD 8.04 billion in 2021 to USD 12.92 billion in 2029, at a CAGR of 6.1 percent for the forecast period from 2022 to 2029.
Video Surveillance Storage Market Scope and Research Methodology
The study offers a comprehensive analysis of the market drivers, constraints, trends, and forecasts for video surveillance storage. PORTER’s five forces analysis shows the ability of buyers and suppliers to develop their supplier-buyer networks and make profit-driven strategic decisions. The potential of the existing market for video surveillance storage is ascertained via thorough analysis as well as market size and segmentation. The study also contains elements that may have a favourable or bad impact on the company and provides decision-makers with a clear future idea of the sector. The study includes strategic profiles of the leading market players, in-depth analyses of their core capabilities, and information on their business-related growth plans, agreements, joint ventures, partnerships, and acquisitions.
The size of the local, regional, and global market was estimated using a bottom-up methodology. Each economy had received specific attention, and a regional and worldwide market was estimated. The data was gathered using primary and secondary data gathering techniques. Paid sources, yearly reports of significant players, and manufacturing organisations for Video Surveillance Storage Market were examples of secondary sources. The Primary interviews were conducted with industry participants, including manufacturers, end users, and consultants. This report’s authenticity was ensured by the collecting of both secondary and primary data.
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Video Surveillance Storage Market Overview
Video surveillance storage is the process of storing real-time video data generated by surveillance cameras on storage devices. The data can then be retrieved at a later stage for further investigation of any occurrence or acts as a proof for a situation in either file or block format. Cloud video surveillance with appropriate privacy and cyber security protections makes premises much safer. The Video Surveillance Storage solution provides several benefits for storing all the video and audio data generated by modern video surveillance.
Video Surveillance Storage Market Dynamics
Network video surveillance systems are evolving from basic monitoring tools to full industry neutral solutions. Over the course of the forecast period, it is expected that all technology that is integrated with systems at all levels would expand significantly. Al vision solutions that use Al cameras as vision sensors offer useful business knowledge to aid businesses in better understanding their clients and processes. People counting algorithms are used by cloud-based systems to help store managers assess sales or floor design ideas or heat-mapping is used to measure and reduce lengthy checkout queues to increase customer happiness. Its advantages and uses may be utilised for critical area monitoring in healthcare, smart parking systems, logistics, and distribution. This Increased need for highly efficient and Al vision-based surveillance systems is expected to drive the market.
The Internet of Things (loT) and network technology are widely employed for video surveillance. In an increasingly connected environment, these technologies are expected to expand the potential applications for audio and video analytics as well as Al. It is now simpler and more practical for a person to monitor and operate any system from anywhere with the expanding use of internet of things technology. Due to the many advantages it offers, such as remote access to video feeds stored in the cloud through desktops, laptops, or mobile devices with an Internet connection from anywhere, video surveillance as a service (VSaaS) is being utilised more and more in a range of applications. These factors are expected to drive the market.
Video Surveillance Storage Market Regional Insights
North America is expected to have the greatest market share and lead the video surveillance storage industry the forecast period. The necessity for linked devices is expanding as this region’s technology landscape in numerous industries changes quickly. The Video Surveillance Storage Market in this area is being driven by the increasing digitalization of businesses across all industry verticals, as well as the use of cloud technologies and different service models.
Asia Pacific region is expected to grow more quickly in the Video Surveillance Storage Market due to the rapid adoption of video surveillance storage systems among corporate and individual users in the area. With an increase in telecom sector demand from China and technological advancements in other Asia Pacific countries like Japan and India. One of the most developed and fastest-growing economies in the world is found in this region. The Global System for Mobile Communications Association estimates that 4G internet is used by about 93% of people in Asia and the Pacific. Additionally, one of the fastest-growing application areas is customer relationship management, which is helping the Asia Pacific region’s video surveillance storage market in development.
Video Surveillance Storage Market Segmentation
By Storage Media:
- Managed Service
- Consulting Service
- Training & Certification
Video Surveillance Storage Market Key Manufacturers are:
- Alcatel-Lucent SA
- Amdrecor, Inc.
- CSG Systems International, Inc.
- Huawei Technologies Co., Ltd.
- IBM Corporation
- Optiva, Inc.
- SAP SE
- Sterlite Technologies Limited
- Amdocs, Inc.
- Comverse, Inc.
- Elitecore Technologies Pvt. Ltd.
- Orga Systems Gmbh
- Redknee, Inc.
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Key questions answered in the Video Surveillance Storage Market are:
- What is Video Surveillance Storage?
- What is the growth rate of Video Surveillance Storage Market for the forecast years?
- What is the nature of competition in Video Surveillance Storage industry in developed and developing economies?
- Who are the key players in the Video Surveillance Storage Market?
- Who are the market leaders in Video Surveillance Storage in Europe?
- Who are the market leaders in Video Surveillance Storage in USA and Canada?
- Who are the market leaders in Video Surveillance Storage in India, China, Japan and South Korea?
- What are the factors affecting growth in the Video Surveillance Storage Market?
- Who held the largest market share in Video Surveillance Storage Market?
- What are the factors for the growth of Asia-Pacific region in Video Surveillance Storage Market?
- Market Share, Size & Forecast by Revenue | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Key Trends
- Market Segmentation – A detailed analysis by Storage Media, Deployment, Application, and Region.
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Maximize Market Research is leading Information Technology & Telecommunication research firm, has also published the following reports:
Video Analytics Market –The Video Analytics Market size is expected to reach USD 32.66 billion by 2029 at a CAGR of 22.7 percent during the forecast period Video analysis software helps provide instant alerts that occur in various business areas to enhance situational awareness. Creating real-time data through video requires professional processing. The demand for real-time event detection continues to grow to drive the market.
Customer Relationship Management Market –The Customer Relationship Management Market size is expected to reach USD 122 billion by 2029 at a CAGR of 11.2 percent during the forecast period. The Customer Relationship Management Market is expected to be driven by the increased focus on customer involvement, emerging SMEs, social platforms, and the awareness of exchanging ideas in real time are all major aspects driving this market.
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