China Surveillance Storage Market Size & Share Analysis - Growth Trends And Forecasts (2024 - 2029)

China Surveillance Storage Market Analysis

The China Surveillance Storage Market size is estimated at USD 3.24 billion in 2024, and is expected to reach USD 5.02 billion by 2029, growing at a CAGR of 9.20% during the forecast period (2024-2029).

China's extensive surveillance network is expanding owing to the rising prevalence of surveillance cameras in public areas. These cameras meticulously capture details ranging from attire and age to ethnicity. The government's strict norms toward promoting domestic surveillance have deep historical roots.

• Initially, China laid the foundation for its expansive surveillance network through initiatives like community grid management and the Golden Shield Project. These efforts paved the way for local officials and law enforcement to transform their surveillance practices digitally.
• Chinese firms have rapidly progressed in AI research and development, with its domestic surveillance applications seeing a significant uptick. A notable number of these surveillance cameras utilize facial recognition technology, facilitating the identification of individuals flagged by authorities. This intensified surveillance tracks citizens' movements and allows for the swift monitoring of dissidents, enabling the government to address any potential protests or strikes pre-emptively. Moreover, over the last few years, the Chinese government has increasingly harnessed advanced technologies to intensify its oversight of religious and faith communities.
• In August 2023, China drew international attention with its intention to tighten regulations on facial recognition technology. The Cyberspace Administration of China, while underscoring its endorsement of national security applications, such as analyzing personal data related to race and religious beliefs, launched a month-long public consultation on the proposed regulations.
• Moreover, the nation is integrating emerging surveillance technologies into its educational institutions. In March 2024, Baoding University in northern China's Hebei province garnered attention for equipping a classroom with an array of surveillance cameras, nearly one for each student. This initiative, part of the university's teaching approach, was prominently displayed during a calligraphy session. Similarly, at Hangzhou No. 11 High School, the installed cameras take attendance and monitor students' activities in real-time, whether they're reading, writing, or listening.
• In June 2024, the Chinese government mandated the installation of surveillance cameras in corridors, storerooms, and rooftops of all primary and secondary schools nationwide, aiming to combat bullying and campus violence.
• With the expanding use of surveillance systems, concerns are mounting over the storage capacity of CCTV systems. This is because the primary advantage of surveillance cameras lies in their ability to record and retrieve videos as needed, especially for evidentiary purposes.
• As a result, China, a major global producer of surveillance equipment, is witnessing a surge in demand for surveillance storage solutions. Notably, key industry players like Dahua, Hikvision, and Hanhwa Vision, with their headquarters in China, wield significant influence in the production and consumption of storage devices.
• However, organizations dealing with the surge in video surveillance face significant challenges: the sheer volume of captured video, the need for indefinite storage, and the associated maintenance costs. These challenges serve as a primary constraint in the Chinese surveillance storage market.

China Surveillance Storage Market Trends

The SSD Segment is Expected to Hold a Significant Share in the Market

China Surveillance Storage Industry Segmentation

Surveillance systems refer to a combination of recording devices installed for surveillance to prevent crime in private and public locations. Data storage is a critical component of the surveillance infrastructure. The scope and the market size only cover the video surveillance storage market.

The Chinese surveillance storage market is segmented by product (NAS, SAN, and DAS), storage media (HDD and SSD), deployment (cloud and on-premise), and end-user vertical (government and defense, education, BFSI, retail, transportation and logistics, utilities, healthcare, home security, and other end-user verticals). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.