Published Date: 24-Nov-2022
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According to a new report, published by KBV research, The Global Video Surveillance Storage Market size is expected to reach $26.8 billion by 2028, rising at a market growth of 12.3% CAGR during the forecast period.
The Hard Disk Drive (HDD) market is leading the Global Video Surveillance Storage Market by Storage Media in 2021; thereby, achieving a market value of $17.3 billion by 2028. This is because hard drive-based digital video surveillance systems are quickly replacing tape-based ones. Nevertheless, the solid-state drive (SSD) segment is anticipated to develop at the fastest rate in the approaching years because it frequently speeds up app launches, data access, and computer startup.
The Software market is exhibiting a CAGR of 12.5% during (2022 - 2028). SANs play a significant part in contingency planning management activities inside an organization. SANs frequently use a switched fabric technology as their foundation. SANs are frequently used to boost application performance and improve application availability.
The Large Enterprises market is generating high revenue in the Global Video Surveillance Storage Market by Organization Size in 2021; thereby, achieving a market value of $18.7 billion by 2028. Due to their vast geographic presence and client bases, large businesses tend to implement video surveillance systems more frequently due to increased data generation. There is a rising need for 24-hour monitoring systems that use high-definition cameras to protect public spaces.
The Education market is showcasing a CAGR of 13.3% during (2022 - 2028). Schools have a vital responsibility to maintain the continuous safety of both their students & teachers while on school grounds as a public educational facility. Schools are increasingly using CCTV video surveillance systems to preserve safety and security, allowing school and faculty employees to concentrate on their duties and preventing any undesirables from entering the campus.
The North America market dominated the Global Video Surveillance Storage Market by Region in 2021; thereby, achieving a market value of $9.1 billion by 2028. The Europe market is anticipated to grow at a CAGR of 11.6% during (2022 - 2028). Additionally, The Asia Pacific market would witness a CAGR of 13.2% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Adobe, Inc., Salesforce.com, Inc., Oracle Corporation, Pegasystems, Inc., HubSpot, Inc., SAP SE, SAS Institute, Inc., Redpoint Global, Inc., Cheetah Digital and Sitecore, Inc.
By Storage Media
By Organization Size
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