Video surveillance storage market projected to reach US$18.28 bn by 2020

Research and Markets has announced the addition of the "Video Surveillance Storage Market by Storage Technology (SAN, DAS, NAS), Storage Media (HDDS, SDDS), Deployment Model (On-Premise & On Cloud), Service, Vertical, and Region - Global Forecast to 2020"report to their offering. 

The emerging need for safety and security is increasing the demand for video surveillance systems. Similarly, there is a need for upgradation for storage capacity in the video surveillance data storage. Video surveillance storage refers to the process of storing data generated by the surveillance cameras. This real-time data gets stored for a period of time on the storage devices that can be retrieved for analysis of any event or acts as an evidence for a situation. 

Hence, video surveillance storage plays an important role in the overall security system by helping individuals store crucial information and video feeds. The video surveillance storage market is projected to be of USD 18.28 Billion by 2020, at a CAGR of 22.41 percent during the forecast period. 

Various technological advancement and upgradations in the video surveillance market have taken place since the introduction of the concept video surveillance'. Earlier, video tapes and magnetic tapes were used to store data from the analogue cameras using Video Cassette Recorders and other types of tape recorders, which was a costly affair.