Global Video Surveillance Storage (VSS) Market – Industry Trends and Forecast to 2029

Video Surveillance Storage (VSS) Market Analysis and Size

Several companies around the world are investing in video surveillance systems for their workplaces. Similarly, governments in several regions have mandated that these surveillance systems be installed in order to improve security.

Data Bridge Market Research analyses that the video surveillance storage (VSS) market was valued at USD 8.77 billion in 2021 and is expected to reach the value of USD 30.59 billion by 2029, at a CAGR of 16.9% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Video Surveillance Storage (VSS) Market Scope and Segmentation

Market Definition

Video surveillance storage refers to the system of collecting information obtained from surveillance cameras, it plays an important role in security by storing visual information that can be viewed later if necessary. The benefits of video surveillance storage (VSS) include improved video quality and the ability to store integrated video.

Global Video Surveillance Storage (VSS) Market Dynamics

Drivers

• increasing application of video surveillance systems in numerous industries

One of the major factors driving the growth of the video surveillance storage system market share in terms of revenue is the increasing application of video surveillance systems in numerous industries such as banking and financial services, retail, and transportation. Home security systems and mobile cameras make extensive use of consumer video surveillance cameras. Furthermore, the growing adoption of smart camera systems and video analytics applications is fuelling the growth of the video surveillance storage systems industry.

• Growing adoption from the public sectors due to rising violence and terrorism

Another factor driving market growth is the increasing adoption of this type of system, particularly in the government sector. Physical violence, fraud, theft, and terrorism have all increased dramatically. The most common deployment locations for video surveillance storage systems are hospitals, retail stores, transportation, schools, and colleges. Furthermore, the world's leading corporations are emphasising the implementation of this system in their offices around the world.

Opportunity

Adoption of cloud-based services by enterprises will create new opportunities for the video surveillance storage (VSS) market during the forecast period.

Restraints

The retention period over a limited amount of storage is the major factor acting as a restraint, and will continue to challenge the video surveillance storage (VSS) market during the forecast period.

This video surveillance storage (VSS) market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the video surveillance storage (VSS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Video Surveillance Storage (VSS) Market

COVID-19 was not taken lightly by governments. In an attempt to contain its spread, they imposed nationwide lockdowns and quarantines. These were ineffective and thus only lasted a short time. However, the effects of the quarantines and lockdowns on most businesses worldwide were far from temporary. Most businesses, particularly traditional ones, suffered. However, some people thrived. The companies in the global video surveillance storage market were among the few that thrived. The demand for video surveillance was increasing, especially as more people worked remotely.

Global Video Surveillance Storage (VSS) Market Scope

The video surveillance storage (VSS) market is segmented on the basis of product, storage media & application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• SAN
• NAS
• DAS
• Video recorders

Storage media

• HDD
• SSD

Application

• Commercial
• City Surveillance
• Industrial

Video Surveillance Storage (VSS) Market Regional Analysis/Insights

The video surveillance storage (VSS) market is analysed and market size insights and trends are provided by country, product, storage media & application as referenced above.

The countries covered in the video surveillance storage (VSS) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

During the forecast period, the Asia-Pacific region is expected to dominate the market. Heavy investment in smart city projects is one of the key drivers contributing to the region's market growth. Furthermore, the growing number of security and safety threats, particularly in China, India, and South Korea, has fuelled market demand. The market's demand has been boosted by the increased penetration of new technologies such as automatic number plate recognition, facial recognition, retail management, and remote asset management.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Video Surveillance Storage (VSS) Market Share Analysis

The video surveillance storage (VSS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to video surveillance storage (VSS) market.

Some of the major players operating in the video surveillance storage (VSS) market are:

• Cisco Systems (U.S.)
• Dell (U.S.)
• Hitachi Ltd. (Japan)
• Seagate Technology LLC (U.S.)
• NetApp (U.S.)
• Robert Bosch GmbH (Germany)
• Honeywell International Inc. (U.S.)
• Avigilon Corporation (Canada)
• Schneider Electric S.E. (France)
• Hangzhou Hikvision Digital Technology Co., Ltd. (China)
• Qognify (U.S.)
• THOMAS-KRENN. A.G. (Germany)
• AMAX (U.S.)
• Genetec Inc. (Canada)
• CPPLUS International. (India)

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