Video surveillance storage market projected to have CAGR of 22.4% by 2020

 Video surveillance storage market projected to have CAGR of 22.4% 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.

According to the report, the video surveillance storage market is projected to be of USD 18.3 Billion by 2020, at a CAGR of 22.41 percent during the forecast period.

The major vendors providing broad solution portfolios in this market are Cisco Systems, Dell, EMC Corporation, Hitachi, Seagate Technology, NetApp, Robert Bosch GmbH, Honeywell International, Avigilon Corporation, and Pelco by Schneider Electric.

The growing threat to society due to rising crime rate has increased the awareness about the importance of the video surveillance systems. For the safety and security of the public, properties, and other assets, video surveillance systems are being installed at all major locations and their adoption is growing in almost all industry verticals.

The increasing video surveillance system market and declining prices of the storage media is enhancing the surveillance storage market. Video surveillance storage is an important part of the video surveillance system setup. The storage devices are connected to the surveillance cameras to record and save the feeds. The storage devices consist of storage media that are directly connected to or over a communication channel and network.

Video surveillance storage has emerged from a simple data recording to sophisticated storage of data using storage technologies, which can be analyzed and retrieved, as and when required. The report provides detailed insights and segments the market on the basis of types of storage technologies, storage media, deployment models, services, verticals, and regions.

The global video surveillance storage market report quantifies the market for solutions that includes storage technologies and storage media. Storage technologies includes Direct Attached Storage (DAS), Network Attached Storage (NAS), and Storage Area Network (SAN), whereas storage media contains HDDs and SDDs. SAN is further segmented into Fiber Channel (FC) SAN, internet Small Computer System Interface (iSCSI) SAN, and Fiber Channel over Ethernet (FCoE) SAN.

The services included are system integration, consulting and design, and maintenance and support. System integration services are expected to hold the largest market share in 2015, whereas, consulting and design services are projected to grow at the highest CAGR by 2020. On the basis of deployment models, cloud storage is expected to gain traction by 2020, at a CAGR of 40.55 percent. The market has also been segmented on the basis of verticals, such as government and defense, education, BFSI, retail, transportation and logistics, utilities, healthcare, home security, and others.

The BFSI sector is estimated to have the largest market size while the education sector is projected to grow at a CAGR of 24.0 percent by 2020. The report covers all the major aspects of the market and provides an in-depth analysis across the regions of North America, Europe, APAC, MEA, and Latin America.

Share to:
Comments ( 0 )
security 50