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Global Video Surveillance Storage Market to Grow 22.41% CAGR to 2020

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EMC Storage

The increasing video surveillance system market and declining prices of the storage media is enhancing the surveillance storage market, says the report Video Surveillance Storage Market by Storage Technology (SAN, DAS, NAS), Storage Media (HDDS, SDDS), Deployment Model (On-Premise & On Cloud), Service, Vertical, and Region - Global Forecast to 2020.

The global video surveillance storage market is estimated to grow to USD 18.28 Billion by 2020 at a CAGR of 22.41%.

Storage technologies include Direct Attached Storage (DAS), Network Attached Storage (NAS), and Storage Area Network (SAN), and storage media includes HDDs and SDDs.

SAN is further segmented into Fiber Channel (FC) SAN, internet Small Computer System Interface (iSCSI) SAN, and Fiber Channel over Ethernet (FCoE) SAN.

The associated services include are system integration, consulting and design, and maintenance and support.

System integration services are expected to hold the largest market share in 2015, whereas, consulting and design services are projected to grow at the highest CAGR by 2020. Cloud storage is expected to gain traction by 2020, at a CAGR of 40.55%.

The market is segmented by verticals, such as government and defense, education, BFSI, retail, transportation and logistics, utilities, healthcare, home security, and others. The BFSI (Banking, Financial Services & Insurance) sector is estimated to have the largest market size while the education sector is projected to grow at a CAGR of 24.0% by 2020.

The major vendors providing video surveillance storage solutions and services are Cisco Systems, Dell & EMC Corporation, Hitachi, Seagate Technology, NetApp, Robert Bosch GmbH, Honeywell International, Avigilon Corporation, and Pelco by Schneider Electric.

There are various companies that are coming up with the cloud-based video surveillance storage services that provide opportunities to the video surveillance storage market, globally.

Go Video Surveillance-Storage Market