Video Surveillance Storage Market

The global video surveillance storage market will grow from USD 9.5 billion in 2024 to USD 12.6 billion by 2029 at a compounded annual growth rate (CAGR) of 5.7% during the forecast period. Video surveillance storage is an essential component of any video surveillance system because it determines the efficiency and reliability of the installed system. It archives large amounts of video data from cameras on different commercial, public, or personal premises. It has to be reliable and easily expandable to accommodate high-definition video, often recorded for hours. It also enables security personnel to obtain the recording for use when required monitoring, investigations into a crime, or compliance with rules. In addition, it has to accommodate the retrieval and playing back of the footage, which is critical in handling incidents and the overall disruption of security services.

Apart from capacity and reliability, the WS for video surveillance has several issues arising from data protection, redundancy, and power usage. Due to changes in technology and advancements in high-definition and 4k cameras, there is a need for storage solutions with high capacity, which should be served by solutions that do not congest but perform without degradation. Solutions such as RAID configurations, NAS, and cloud storage provide the requisite performance, reliability, and versatility for disparate surges in surveillance demands. Also, the storage system should work in parallel with a video management system (VMS) and various analytic tools to boost the general functionality of the surveillance system and provide the user with features such as motion, face recognition, or real-time notifications.

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Major vendors belong to the North America, Europe, and Asia Pacific regions, such as Western Digital Corporation (US), Seagate Technology (US), Hitachi (Japan), Dell Technologies (US), Honeywell (US), NetApp (US), Avigilon (Canada), Bosch (Germany), Hikvision (China), and Toshiba (Japan) among a few leading players operating in the video surveillance storage market. These players can focus on creating new alliances and relationships. Major firms have used various tactics to increase their market domination, including partnerships, contracts, mergers and acquisitions, and introducing new products.

Western Digital Corporation

Western Digital Corporation is a global producer and provider of data storage systems and related infrastructure. Its segments are personal computer storage solutions, which encompasses its operations around products such as hard disk drives, solid-state disks, home entertainment, and networking products. Its products are currently used in notebooks, desktops, Internet of Things, automotive, industrial, and connected home segments. Some brands it operates include G-Technology, SanDisk, Western Digital, and WD. It manufactures and sells data storage devices and solutions in the United States, China, Hong Kong, Europe, the Middle East, Africa, and other countries. In the storage field, it provides customers with congeneric products such as hard disk drives (HDD) and solid-state drives (SSD) for desktop and notebook PCs, as well as performance and capacity enterprise markets. It also supplies HDDs for consumer application products such as Digital Video Recorders, Video Game Consoles, Security DVR & Surveillance Systems, Set-Top Boxes, Camcorders, Automotive Entertainment, Navigation Systems & multifunctional Printers.

The company has driven innovation in four main technical areas: Open Source, Zoned Storage, Machine Learning and AI, and Non-Volatile Memory, which were either new or had only been established for a couple of years when listed on the stock market. In this context, it has supported many start-ups to transform how data is created, stored, processed, and utilized. The firm's sublist units are HGST Inc. of the US, EasyStore Memory Limited in Ireland, Arkeia Software SAS in France, Amplidata NV in Belgium, and SanDisk Storage Malaysia Sdn. Bhd. (Malaysia).

Seagate Technology

Seagate Technology is a data storage technology and solutions company operating in many locations of the world. The enterprise is involved in the designing and manufacturing of disks. It provides hard disk drives, solid-state drives, solid-state hybrid drives, and storage subsystems. The products that the company manufactures find applications in nearline and mission-critical, Edge non-compute applications, and Edge-compute applications. The company also offers SME data storage, including online backup, data security, and data restore services. VSS availability at Seagate ranges from Skyhawk surveillance Hard Drive, business storage four bay rack mount NAS, to Seagate NAS pro2 2-Bay, 4-Bay, 6-Bay and Seagate NAS 2-Bay, 4-Bay.

It has production, research, sales, and administrative offices around the globe, including in the American states of California, Colorado, Minnesota, and Northern Ireland in Europe, the Asia Pacific region, China, Singapore, Thailand, Malaysia, and South Korea. In addition, the company works with premier NAS providers, including Synology, Inc., based in Taiwan; QNAP Systems, Inc., based in Taiwan; and ASUSTOR, Inc., based in Taiwan. In these partnerships, the company provides IronWolf Health Management – its software –to enhance the reliability of the NAS system in the products.

Related Reports:

Video Surveillance Storage Market by Storage Device (NAS, DAS, SAN), Storage Media (SSD, HDD), Storage Capacity (1TB, 2TB, 4TB, and above), Surveillance System Used (IP, Analog), and Software (Video Analytics, Video Management) - Global Forecast to 2029

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