The Latin America, Middle East and Africa Video Surveillance Storage Market would witness market growth of 18.2% CAGR during the forecast period (2022-2028).
A key enabler of such capabilities is ample storage capacity, and it is here where some video surveillance implementations can go wrong. Some NVR systems may use numerous inexpensive, low-capacity hard disc drives (HDD) to satisfy their storage needs in an effort to reduce expenses. This strategy seems like a good way to cut storage costs on the surface.
File size is one factor in the cloud's popularity for video storage as opposed to papers, emails, and other corporate data. Massive video files can make it challenging to promptly and consistently send recordings to the cloud, particularly in a place with constrained bandwidth, patchy access, or frequent network outages. These characteristics are a big reason why local storage is still crucial for many businesses and why more and more businesses are switching to hybrid cloud solutions that combine both types of storage.
Since there are now more hotels than ever, it is critical to incorporate new technology to boost productivity and provide customers with a better experience. It is crucial for visitors to make sure their possessions are constantly secure. Regional nations such as Dubai have provided a lot of possibilities in recent years and will continue to do so through annual events designed to push the industry to new heights. One of the fastest growing businesses in hospitality as a result of these expanding prospects. All these elements would rise the demand for video surveillance storage, especially from the hospitality sector.
The Brazil market dominated the LAMEA Video Surveillance Storage Market by Country in 2021; thereby, achieving a market value of $635 million by 2028. The Argentina market is showcasing a CAGR of 18.9% during (2022 - 2028). Additionally, The UAE market would register a CAGR of 17.9% during (2022 - 2028).
Based on Storage Media, the market is segmented into Hard Disk Drive (HDD) and Solid State Drive (SSD). Based on Component, the market is segmented into Hardware, Software and Services. Based on Hardware Type, the market is segmented into Storage Area Network (SAN), Network Attached Storage (NAS), Direct Attached Storage (DAS) and Video Recorders. Based on Software Type, the market is segmented into Video Management Software and Video Analytics. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Government & Defense, Retail, Education, BFSI, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Travel & Hospitality and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Video Surveillance Storage Market is Predict to reach $26.8 Billion by 2028, at a CAGR of 12.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Microsoft Corporation, Intel Corporation, McAfee Corp., Palo Alto Networks, Inc., RSA Security LLC (Symphony Technology Group), Broadcom, Inc. (Symantec Corporation), Crowdstrike Holdings, Inc., Trend Micro, Inc. and NetApp, Inc.
By Storage Media
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