Canada Surveillance Storage Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 474.60 Million |
| Market Size (2029) | USD 724.90 Million |
| CAGR (2024 - 2029) | 8.84 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Canada Surveillance Storage Market Analysis
The Canada Surveillance Storage Market size is estimated at USD 474.60 million in 2024, and is expected to reach USD 724.90 million by 2029, growing at a CAGR of 8.84% during the forecast period (2024-2029).
- As crime, terrorism, and other security threats rise, the demand for surveillance systems also increases. This surge in surveillance demand amplifies the need for robust storage solutions to handle the vast data generated. Canadian cities, including Toronto and Vancouver, are witnessing a rise in crime rates, encompassing incidents like robbery and vehicle theft. In 2023, Toronto's crime instances jumped to 52,626 from 44,834 in 2022, a 17.37% increase.
- Modern video surveillance technologies, including HD cameras, 4K recording, and AI-driven analytics, necessitate advanced and high-capacity storage solutions. According to Optiveiw, a standard 1080p surveillance camera, when using H.264 compression, generates about 35GB of data daily, totaling approximately 13TB annually. As organizations pivot to high-definition cameras and juggle multiple video streams, their storage needs intensify, posing a significant challenge.
- Various local suppliers and integrators, such as Aartech Canada and Liberty Security Solutions, make surveillance products accessible to Canadian citizens and businesses, easier to install, and at transparent prices, which is another driving factor for the surveillance storage market in the region.
- The rise of smart cities, which utilize a range of IoT devices like surveillance cameras, produces vast amounts of data, necessitating efficient storage solutions. Moreover, as organizations increasingly turn to cloud-based storage, the regional adoption of these solutions bolsters the surveillance storage market.
- Enhancements in network infrastructure, particularly with faster and more dependable internet connections, facilitate the transmission of larger data volumes and pave the way for advanced storage solutions. The Government of Canada projects that by 2030, all Canadians will have access to high-speed internet. Further underscoring this commitment, in June 2024, Ericsson secured a five-year deal with Videotron, a leading Canadian telecommunications firm, to bolster its network infrastructure.
- With the surging demand for data storage, the costs tied to surveillance systems are also on the rise. Organizations grapple with the twin challenges of optimizing costs while ensuring their storage solutions remain reliable and secure. For many Canadian companies, achieving this delicate balance is proving to be a formidable task.
Canada Surveillance Storage Market Trends
The Demand for Cloud Storage is Expected to Grow
- The increasing prevalence of high-definition cameras generates vast video data, underscoring the demand for scalable storage solutions. Cloud storage is pivotal, allowing for flexible capacity expansion without hefty upfront hardware costs.
- Organizations increasingly turn to hybrid cloud strategies, melding on-premise and cloud storage to enhance data management and accessibility. The influx of new players and service providers into cloud storage spurs innovation and competition, resulting in sophisticated and cost-effective solutions for managing surveillance data.
- Established industry leaders are broadening their cloud storage presence in the region, a move anticipated to invigorate the market. For example, in December 2023, Amazon Web Services (AWS) unveiled its second AWS infrastructure Region in Canada.
- Additionally, AWS published an economic impact study revealing its ambitious plan to inject approximately USD 17.9 billion into Canada by 2037. This investment will be funneled through the newly inaugurated AWS Canada West (Calgary) Region and the pre-existing AWS Canada (Central) Region in Quebec. The AWS Canada West (Calgary) Region's debut amplifies customer choices for resilient and available workloads and ensures secure data storage within Canada. This strategic move promises reduced latency nationwide, boosting overall productivity.
- Investments in data centers are significantly shaping the cloud storage market in the country. For instance, in November 2023, Microsoft announced a USD 500 million investment to expand its AI and cloud computing infrastructure in Quebec over the next two years. This investment is set to amplify Microsoft's local cloud footprint in Canada by a staggering 750%.
- Microsoft officials stated that these investments will bolster the capacity and resilience of Quebec’s private and public organizations. This enhancement facilitates operational transformations and establishes a trusted and secure foundation, allowing for quicker market solutions and enhanced global competitiveness. Furthermore, data from Cushman and Wakefield revealed that in the latter half of 2023, Toronto and Montreal saw a combined 71 MW of data center capacity under construction. Such developments are poised to fuel the market and elevate the demand for cloud storage solutions.
The Government and Defense Segment is Expected to Drive the Market
- Public transportation networks, encompassing buses, trains, and stations, are increasingly adopting surveillance systems to bolster passenger safety, enhance operational efficiency, and manage incidents. To streamline traffic flow, the government is deploying cutting-edge technology for smart traffic management, a move anticipated to boost the demand for storage solutions. Furthermore, the government is partnering with private firms to integrate these advanced surveillance systems seamlessly.
- For example, in March 2024, Toronto permitted Rogers Communications Inc. to deploy cameras and sensors at five key downtown intersections. These installations aim to monitor vehicles, pedestrians, and cyclists, ultimately seeking to reduce gridlock. According to Rogers, its 5G-powered AI system will gather real-time insights on traffic volumes, speeds, and congestion, aligning with the city's congestion management strategy. Rogers is tasked with installing these cameras and sensors.
- In July 2024, the government unveiled the Canada Public Transit Fund, committing a historic USD 21.83 billion over a decade to bolster Canadian public transit infrastructure. This ambitious initiative, if fully realized, would stand as Canada's most significant public transit program to date. The Fund's resources, aimed at enhancing and expanding the nation's public transit framework, will be accessible to local governments and transit agencies starting in 2026. Given the emphasis on heightened security, many of these projects are poised to incorporate advanced surveillance systems, further fueling the demand in the market.
- In recent years, Canada has experienced fluctuations in crime rates, with certain areas seeing increases in specific types of criminal activities. While some regions have witnessed an overall decline in crime rates, concerns have emerged about rising rates in others. For example, Toronto, one of the country's most populous cities, faces a notable uptick in overall crime rates. For instance, according to the Toronto Police Service, in 2023, about 52.63 thousand crime instances were recorded by the police. Furthermore, the region is also witnessing significant rises in auto theft, break-ins, robbery, and assault, which is driving the adoption of surveillance cameras, creating a favorable ecosystem for the market's growth.
- Similarly, Vancouver has seen a consistent rise in violent crimes over the past four years. There has been a heightened emphasis on law enforcement and surveillance systems in response to these escalating crime rates. This includes investments in advanced technologies aimed at bolstering crime prevention and response, subsequently driving up the demand for surveillance storage solutions.
Canada Surveillance Storage Industry Overview
The Canadian surveillance camera market is fragmented, with domestic and international players vying for dominance. These companies leverage technology innovations, scalability, security features, and integration capabilities to gain an edge. Additionally, public-private partnerships and adherence to regulatory standards play pivotal roles in shaping the competitive landscape. This dynamic drives the ongoing advancements in data storage efficiency, security, and the capacity to meet the escalating surveillance demands across diverse sectors.
As the adoption of surveillance cameras surges in Canada, there is an increasing demand for storage solutions, unveiling opportunities in the market. Recognizing the market's lucrative potential, numerous vendors are broadening their presence, further heightening the competition. Notable players in the arena include Quantum Corporation, NetApp, SentinelOne, and Wasabi Technologies.
Due to intense competition, market vendors are urged to cultivate a diverse portfolio of innovative solutions. Moreover, to stay attuned to consumer needs, these vendors should prioritize further expansion. By embracing innovative business strategies and solidifying their market presence, vendors can bolster their standing in the Canadian surveillance camera market during the forecast period.
Canada Surveillance Storage Market Leaders
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Quantum Corporation
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NetApp
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Sync.com, Inc
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SentinelOne
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Wasabi Technologies
*Disclaimer: Major Players sorted in no particular order
Canada Surveillance Storage Market News
- May 2024: Quantum Corporation, a leading data management solution developer tailored to the AI era, introduced Quantum GO. This subscription model is crafted to align with modern businesses' escalating data needs and cost considerations. Quantum emphasizes that Quantum GO delivers a private cloud feel, an affordable initial cost, and fixed monthly payments embodying a genuine storage-as-a-service approach. Moreover, as data needs to expand, Quantum GO's 'pay-as-you-grow' model provides added flexibility.
- February 2024: Axis Communications unveiled its latest innovation in video surveillance management: Axis Cloud Connect. This cloud-based platform is designed to streamline and fortify video surveillance management. Axis assures customers of heightened security, increased flexibility, and enhanced scalability by leveraging its deep-rooted proficiency in network video surveillance.
- January 2024: Tiger Technology had innovatively integrated file-tiering-to-the-cloud technology into surveillance video systems, allowing for seamless playback from public cloud platforms and enhancing disaster recovery capabilities.
- March 2024: Wasabi Technologies, known for its innovative cloud storage solutions, extended its acclaimed services to SaaS, Cloud Service Providers, and technology vendors. These entities can now leverage Wasabi's White Label OEM program to incorporate its cloud storage into their offerings. This integration empowers them to provide their end-users with a range of services, including Backup, Disaster Recovery, Physical Security Video Surveillance Storage, and Media Archiving. Wasabi's program ensures that partners can deliver cloud storage that is predictably priced, scalable, and renowned for its reliability.
Canada Surveillance Storage Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definitions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 An Assessment of the Impact of Macroeconomic Trends on the Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Increasing Security Concerns
5.1.2 Technological Advancements
5.2 Market Restraints
5.2.1 High Costs
6. MARKET SEGMENTATION
6.1 By Product Type
6.1.1 NAS
6.1.2 SAN
6.1.3 DAS
6.1.4 Other Product Types
6.2 By Deployment
6.2.1 Cloud
6.2.2 On-premise
6.3 By End-user Industry
6.3.1 Government and Defense
6.3.2 Education
6.3.3 BFSI
6.3.4 Retail
6.3.5 Transportation and Logistics
6.3.6 Utilities
6.3.7 Healthcare
6.3.8 Home Security
6.3.9 Other End-user Industries
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Seagate Technology
7.1.2 Western Digital
7.1.3 Dell Technologies
7.1.4 Hewlett Packard Enterprise
7.1.5 NetApp
7.1.6 IBM
7.1.7 Quantum Corporation
7.1.8 Cisco Systems
7.1.9 Verint Systems
7.1.10 Genetec
7.1.11 Axis Communication
7.1.12 Tiger Technology
7.1.13 Sync.com Inc.
7.1.14 SentinelOne
7.1.15 Amazon Web Services Inc.
7.1.16 Microsoft Inc.
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Canada Surveillance Storage Industry Segmentation
The surveillance storage market refers to the sector that provides data storage solutions specifically designed to manage, store, and retrieve large volumes of video and audio data generated by surveillance systems. This includes on-premise, cloud-based solutions optimized for high-resolution footage and extended data retention, catering to various applications such as security, public safety, and defense.
The study tracks the revenue accrued through the sale of surveillance storage products and services by various players operating in Canada. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates during the forecast period. The study further analyses the overall impact of macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The Canadian surveillance storage market is segmented by product (NAS, SAN, DAS, and other product types), storage media (HDD and SSD), deployment (cloud and on-premise), end-user industry (banking and financial institutions, transportation and infrastructure, government and defense, healthcare, industrial, retail, enterprises, residential, and other end-user industries). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Product Type | |
| NAS | |
| SAN | |
| DAS | |
| Other Product Types |
| By Deployment | |
| Cloud | |
| On-premise |
| By End-user Industry | |
| Government and Defense | |
| Education | |
| BFSI | |
| Retail | |
| Transportation and Logistics | |
| Utilities | |
| Healthcare | |
| Home Security | |
| Other End-user Industries |
Canada Surveillance Storage Market Research FAQs
How big is the Canada Surveillance Storage Market?
The Canada Surveillance Storage Market size is expected to reach USD 474.60 million in 2024 and grow at a CAGR of 8.84% to reach USD 724.90 million by 2029.
What is the current Canada Surveillance Storage Market size?
In 2024, the Canada Surveillance Storage Market size is expected to reach USD 474.60 million.
Who are the key players in Canada Surveillance Storage Market?
Quantum Corporation, NetApp, Sync.com, Inc, SentinelOne and Wasabi Technologies are the major companies operating in the Canada Surveillance Storage Market.
What years does this Canada Surveillance Storage Market cover, and what was the market size in 2023?
In 2023, the Canada Surveillance Storage Market size was estimated at USD 432.65 million. The report covers the Canada Surveillance Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Canada Surveillance Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Canada Surveillance Storage Industry Report
Statistics for the 2024 Canada Surveillance Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Canada Surveillance Storage analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
