MarketsandMarkets has released a new report detailing the outlook for the video surveillance storage market, which is experiencing significant growth, driven by the increasing need for security and monitoring across various sectors. The solid state drives segment is to register a higher CAGR in the next five years, while Asia-Pacific is set to lead in the adoption and implementation of video surveillance storage solutions, followed by North America and Europe.
According to MarketsandMarkets, as the adoption of video surveillance systems expands globally, there is a parallel demand for advanced storage solutions capable of handling the vast amounts of data generated by these systems. Several key factors, including technological advancements in storage media, the growing need for real-time data access, and the emergence of cloud-based storage solutions, shape the market.
Another critical trend is the growing importance of data analytics and artificial intelligence (Al) in video surveillance, the market researcher adds. These technologies are increasingly being integrated into storage solutions to enable faster and more efficient data retrieval and analysis. For instance, Al-powered storage solutions can prioritise data based on its relevance or security threat level, optimising storage space and enhancing the overall efficiency of surveillance systems.
Additionally, the integration of edge computing with storage solutions is gaining traction, allowing for real-time data processing closer to the source, which reduces latency and the need for excessive data transmission to central storage systems, MarketsandMarkets says.
One of the major considerations in the video surveillance storage market is the balance between storage capacity and power consumption. As storage systems are required to store vast amounts of data over long periods, power efficiency has become crucial. Storage solutions with varying capacities are tailored to different use cases.
For example, low-capacity storage solutions may be sufficient for small-scale surveillance operations. In contrast, large enterprises and critical infrastructure require high-capacity storage systems capable of handling extensive video data. Power consumption is another important aspect, especially for continuous operation environments such as surveillance centres and large-scale installations.
Manufacturers are increasingly focused on developing energy-efficient storage solutions that minimise power usage while maintaining high performance. This is particularly important in reducing operational costs and minimising the environmental impact of large-scale video surveillance deployments.
Solid-state drives segment to register higher CAGR in next five years
The video surveillance storage market serves a wide range of applications, including indoor surveillance, outdoor surveillance, and mobile surveillance. Indoor surveillance is typically used in environments such as offices, retail stores, and residential buildings to monitor internal activities. Outdoor surveillance is more complex, involving monitoring vast and often challenging environments such as city streets, transportation hubs, and critical infrastructure. Mobile surveillance is employed in vehicles such as police cars, buses, and trains, requiring storage solutions that can withstand vibrations and fluctuating environmental conditions.
Outlook by region
While Asia Pacific is the overall leader, North America is expected to witness an increasing trend in the adoption of video surveillance storage solutions with respect to governments investing huge funds in smart city projects. Europe witnessed significant growth in the adoption of video surveillance storage solutions.
The increasing demand for high definition (HD), 4k, and high-resolution cameras is growing, along with the need for more details of video surveillance footage or images. With this demand for cameras, the demand for storage of video surveillance footage is rising. The adoption of video surveillance storage in the Rest of the World (ROW) is gradual, mainly due to low initial investments in new technological advancements, such as cloud, Al, blockchain, and Business Intelligence Latin America is gradually adopting video surveillance storage and related services. This is evident from the increase in the deployment of video surveillance storage solutions across large enterprises and SMEs, mainly to increase business revenue by winning new business contracts through business insights derived from error-free and organised enterprise data.
Asia Pacific to be largest market in next five years
The increasing demand for Al vision-based video surveillance systems is primarily driven by the need for enhanced security and real-time monitoring. Al’s ability to analyse video feeds in real-time helps detect anomalies, recognize faces, and identify suspicious activities, making surveillance systems more effective and reliable.
The rise in crime rates, terrorist activities, and security breaches has heightened the need for advanced surveillance solutions. Additionally, the integration of Al with video surveillance systems enables automated threat detection and reduces human error. The growth of smart cities and 10T ecosystems also fuels the demand, as these systems require robust surveillance for traffic management, public safety, and infrastructure monitoring.
Businesses and governments are investing in Al-driven surveillance to improve operational efficiency, ensure public safety, and protect assets, leading to significant growth in the video surveillance storage market. With the increasing prevalence of surveillance cameras and the explosion of video data, there is a growing need for advanced video surveillance storage solutions to turn this raw footage into actionable insights. These drivers use advanced ML and Al algorithms to process unstructured video data in real-time, extracting valuable information such as identifying objects, individuals, and events. This offers crucial benefits to industries such as security, retail, transportation, and smart cities, where real-time decision-making is essential. The growing investment from governments and stakeholders in developing smart cities presents a significant growth opportunity for the video surveillance storage market. Smart city initiatives prioritize public safety, traffic management, and efficient urban planning, driving the demand for advanced surveillance systems. These projects often receive substantial funding to incorporate cutting-edge technologies, including Al-driven video analytics and 10T-enabled devices, which require extensive data storage solutions.
Enhanced surveillance capabilities help monitor and manage urban environments more effectively, supporting crime prevention, disaster response, and infrastructure management. As governments and private entities collaborate to build smart cities, the need for scalable, secure, and reliable video storage systems becomes crucial. This influx of funds accelerates the adoption of innovative surveillance technologies, fostering market growth. Additionally, the integration of video surveillance with other smart city applications opens new avenues for data analysis and interoperability, further expanding the market’s potential.
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