The study comprised four main activities to estimate the video surveillance storage market size. We conducted significant secondary research to gather data on the market, the competing market, and the parent market. The following stage involved conducting primary research to confirm these conclusions and hypotheses and sizing with industry experts throughout the value chain. The overall market size was evaluated using a blend of top-down and bottom-up approach methodologies. After that, we estimated the market sizes of the various video surveillance storage market segments using the market breakup and data triangulation techniques.
Secondary Research
We determined the size of companies offering video surveillance storage markets and services based on secondary data from paid and unpaid sources. It was also arrived at by analyzing the product portfolios of major companies and rating the companies based on their performance and quality.
In the secondary research process, various sources were referred to identify and collect information for this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. The data was also collected from other secondary sources, such as journals, government websites, blogs, and vendors' websites. Additionally, the spending of various countries on the video surveillance storage market was extracted from the respective sources. We used secondary research to obtain the critical information related to the industry's value chain and supply chain to identify the key players based on solutions, services, market classification, and segmentation according to components of the major players, industry trends related to components, users, and regions, and the key developments from both market- and technology-oriented perspectives.
Primary Research
In the primary research process, we interviewed various primary sources from the supply and demand sides of the video surveillance storage market to obtain qualitative and quantitative information. The primary sources from the supply side included industry experts, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology and innovation directors, and related key executives from vendors providing video surveillance storage offerings, associated service providers; and is operating in the targeted countries. all possible parameters that affect the market covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to arrive at the final quantitative and qualitative data.
After the complete market engineering process (including calculations for market statistics, market breakup, market size estimations, market forecasting, and data triangulation), we conducted extensive primary research to gather information and verify and validate the critical numbers arrived at. The primary research also helped identify and validate the segmentation, industry trends, key players, competitive landscape, and market dynamics, such as drivers, restraints, opportunities, challenges, and key strategies. In the complete market engineering process, the bottom-up approach and several data triangulation methods were extensively used to perform market estimation and market forecasting for the overall market segments and subsegments listed in this report. We conducted an extensive qualitative and quantitative analysis of the complete market engineering process to list the key information/insights throughout the report.
The Breakup of Primary Profiles:
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
The video surveillance storage market and related submarkets were estimated and forecasted using top-down and bottom-up methodologies. We used the bottom-up method to determine the market's overall size, using the revenues and product offerings of the major market players. This research ascertained and validated the precise value of the total parent market size through data triangulation techniques and primary interview validation. Next, using percentage splits of the market segments, we utilized the overall market size in the top-down approach to estimate the size of other individual markets.
Top Down and Bottom Up Approach of Video Surveillance Storage Market.
To know about the assumptions considered for the study, Request for Free Sample Report
The research methodology used to estimate the market size included the following:
-
We used primary and secondary research to determine the revenue contributions of the major market participants in each country after secondary research helped identify them.
-
Throughout the process, we obtained critical insights by conducting in-depth interviews with industry professionals, including directors, CEOs, VPs, and marketing executives, and by reading the annual and financial reports of the top firms in the market.
-
We used primary sources to verify all percentage splits and breakups, which we calculated using secondary sources.
Data Triangulation
Once the overall market size was determined, we divided the market into segments and subsegments using the previously described market size estimation procedures. When required, market breakdown and data triangulation procedures were employed to complete the market engineering process and specify the exact figures for every market segment and subsegment. The data was triangulated by examining several variables and patterns from government entities' supply and demand sides.
Market Definition
According to MarketsandMarkets, Video surveillance storage can be defined as how the video data obtained through the functioning of the video surveillance cameras is stored. It is indispensable in guaranteeing the safety and storage of video data for future use in security. Storage can be short-term or long-term and depends on the storage size, speed, and reliability in line with the live surveillance conditions: indoor, outdoor, or mobile. It must be capable of handling high-definition video, with multiple video streams from the cameras and different frame rates; it has to address issues such as the power consumption of the cameras and how long video footage is stored. Storage products are network-attached storage (NAS), direct attached storage (DAS), and cloud storage solutions, and all of these come with different strengths when it comes to scaling, access, and pricing. Proper storage helps maintain high safety and compliance with videos collected for security, investigations, etc.
Key Stakeholders
-
Training and consulting service providers
-
Security Managers/Directors providers
-
Video surveillance storage solutions providers
-
System Integrators providers
-
Compliance Officers
-
Network Administrators
-
Compliance Officers
-
Data Protection Officers (DPOs)
Report Objectives
-
To define, describe, and forecast the video surveillance storage market based on offering, storage media, storage capacity, surveillance system, deployment type, organization size, vertical, and region.
-
To provide detailed information about the significant factors, such as drivers, opportunities, restraints, and challenges, influencing the growth of the market
-
To analyze the opportunities in the market for stakeholders by identifying the high-growth segments of the market
-
To forecast the market size concerning five main regions — North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America
-
To analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall market
-
To profile the market's key players and comprehensively analyze their size and core competencies
-
To track and analyze the competitive developments, such as product enhancements, product launches, acquisitions, partnerships, and collaborations, in the video surveillance storage market globally
Available Customizations
MarketsandMarkets provides customizations based on the company's unique requirements using market data. The following customization options are available for the report:
Product Analysis
-
The product matrix provides a detailed comparison of each company's portfolio.
Geographic Analysis
-
Further breakup of the video surveillance storage market
Company Information
-
Detailed analysis and profiling of five additional market players
Growth opportunities and latent adjacency in Video Surveillance Storage Market