Video surveillance storage is the technique of storing real-time video data generated by surveillance cameras on storage devices. So the data can be recovered in the future for investigation of any actions or event which can be treated as an evidence for circumstances in either file or block format. Video surveillance systems are used for much purpose such as hospital and patient safety, airport safety, campus safety, stadium safety and police safety among others.
Moreover, video surveillance cameras are use to capture important amount of information requiring scaling of storage capacity and network bandwidth. There is a maximum usage of video surveillance in an organization across each vertical is growing. It mounting up new challenges related to controlling surveillance systems and storing the exponentially increasing volume of raw video footage. Many of the large enterprises are using more than 100 cameras, which are functioning 24*7 around the clock and collecting all the footage. Therefore, with the number of surveillance cameras usage rising and the worth of video analytics projected to grow, so it is the need for video surveillance storage. As the number of video surveillance cameras transported all around the world in 2006 was 10 million and it crossed over 100 million in 2016 and in 2018 is 130 million. Moreover, the rising in the demand for IP cameras and video surveillance and storage for the public places for the safety is increasing. As the number of crimes and attacks are across the world is increasing.
According to the study, ‘Global Video Surveillance Storage Market to reach USD 24.21 billion by 2026’ express that there are some corporates which presently functioning more successfully for dominant the highest growth of the market and obtaining the productive competitive edge while accepting the productive profit making strategies and policies such as joint ventures, mergers and acquisitions, partnership, amalgamation and product development includes Hitachi Ltd. (Japan), Dell (US), Avigilon (Canada), NetApp Inc. (US), Robert Bosch GmbH (Germany), Seagate Technology PLC (US), Honeywell International Inc.(US), Cisco Systems Inc. (US), Quantum Corporation (US), Schneider Electric SE(France).The regional analysis of global Video Surveillance Storage market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the top region around the world in terms of market share owing. They need for cloud-based storage solutions and the increasing surveillance data and need. Although, Asia-Pacific is also expected to display maximum growth rate over the forecast period 2020-2026. Factors like acceptance of video surveillance across numerous enterprises and the need for storage facilities along with video analytics such as object detection, motion detection and different tools would create profitable growth prospects for the Video Surveillance Storage market across Asia-Pacific region.
This boosts the government to install CCTVs in most of the public places for the safety and security of the population. The solution of Storage of these surveillance video also aids in determining the culprit of the attack. Hence powering the market for Video Surveillance Storage market. However, low awareness related to video surveillance and latest storage technologies slow down the growth of the market over the forecast period of 2020-2026. While, rise of internet of things (IoT) and implementation of Cloud based services present a resourceful market for the Video Surveillance storage.
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