The North America Video Surveillance Storage Market would witness market growth of 11.0% CAGR during the forecast period (2022-2028).
Storage capacity is one of the many factors that affect the value of a surveillance network video recorder (NVR) system that can be both important and readily misunderstood. Due to this, the market players are developing storage technologies that are cost-effective. Government laws regarding the installation of video surveillance equipment in specific public locations has further supported the deployment of video surveillance systems.
Scalability and searchability, the two most important issues facing the video surveillance business, are addressed by video surveillance storage solutions. In addition to being able to store the growing amount of video data due to its ability to scale to hundreds of petabytes, storage technology also enables fine-grain searchability of this vast amount of video as well as audio data by making use of embedded metadata.
Many American cities, including some of the most populous, are heavily monitored. Closed-circuit television (CCTV) cameras are used for a variety of things, including traffic monitoring and crime prevention. However, with ever-higher resolutions, more remote access to live video broadcasts, and the use of tools like facial recognition. the investigation & security services sector is expected to experience faster-than-average growth in the North America region shortly. Employment in the security systems services sector will increase as there is a greater need for security equipment to be deployed in homes and businesses. As a result of this wide adoption of surveillance systems, the need for video surveillance storage solutions would grow.
The US market dominated the North America Services Market by Country in 2021; thereby, achieving a market value of $1,624.9 million by 2028. The Canada market is expected to witness a CAGR of 14.6% during (2022 - 2028). Additionally, The Mexico market is expected to witness a CAGR of 13.7% 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 U.S., Mexico, Canada, and Rest of North America.
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.
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