Video surveillance storage market to reach $18.28B by 2020

A new market report estimates that the video surveillance storage market is expected to reach USD 18.28 Billion by 2020, at a compound annual growth rate (CAGR) of 22.41% from 2015 to 2020.The report, produced by Marketsandmarkets, defines and divides the video surveillance storage market into various segments with an in-depth analysis and by forecasting revenues. This research report also identifies the factors driving this market, various restraints, challenges, and opportunities impacting it and studies the trends to achieve growth in this market. There is also emphasis on key adoption trends, evolution of video surveillance storage techniques, attractive market opportunities, and business cases in this innovative market.

According to the analysts, the video surveillance storage market is broadly segmented into storage technologies, storage media, deployment models, services, verticals, and regions. Based on storage technologies, the market is segmented into Storage Area Network (SAN), Direct attached Storage (DAS), and Network Attached Storage (NAS). SAN technology is further sub segmented into Fiber Channel (FC) SAN, Internet Small Computer System Interface (iSCSI), and Fiber Channel over Ethernet (FCoE). The storage media includes Hard Disk Drives (HDDs) and Solid State Drives (SDDs). The types of services considered in the report include system integration services, consulting and design service, and maintenance and support services.

As per verticals, in terms of the report, the market has been segmented into government and defense, education, banking financial services and insurance (BFSI), retail, utilities, healthcare, home security, and others. It has also been segregated into five major regions, namely, North America, Asia-Pacific (APAC), Europe, Latin America, and Middle East and Africa (MEA).

Video surveillance storage is an important part of the entire surveillance system setup as it stores the recorded video. It has emerged from a simple data recording to sophisticated storage of data using storage technologies that can be analysed and retrieved, whenever required. The surveillance system is deployed by various end users in all industries for the safety and security of the individual, properties, and other valuable assets. The stored data can also be used as footage to uncover an unwanted event, in case of theft and various such scenarios.