Who are the key players in Security And Surveillance Storage Market?

Cisco Systems, Honeywell International, Dell Technologies, NetApp and Rasilient Systems are the major companies operating in the Security And Surveillance Storage Market. Read More

Which is the fastest growing region in Security And Surveillance Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Security And Surveillance Storage Market?

In 2024, the North America accounts for the largest market share in Security And Surveillance Storage Market. Read More

What years does this Security And Surveillance Storage Market cover, and what was the market size in 2023?

In 2023, the Security And Surveillance Storage Market size was estimated at USD 13.19 billion. The report covers the Security And Surveillance Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Security And Surveillance Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Security And Surveillance Storage Market Size

Market Size of Security And Surveillance Storage Industry

Security And Surveillance Storage Market Summary

Study Period	2019 - 2029
Market Size (2024)	USD 14.48 Billion
Market Size (2029)	USD 22.22 Billion
CAGR (2024 - 2029)	8.94 %
Fastest Growing Market	Asia Pacific
Largest Market	North America
Major Players *Disclaimer: Major Players sorted in no particular order

Security And Surveillance Storage Market Analysis

The Security And Surveillance Storage Market size is estimated at USD 14.48 billion in 2024, and is expected to reach USD 22.22 billion by 2029, growing at a CAGR of 8.94% during the forecast period (2024-2029).

Security has been a major concern in many industry verticals, such as banking, financial services, and insurance (BFSI), retail, and healthcare. The growing use of security and surveillance systems drives the demand for storage solutions.

Rising criminal activities around the world have resulted in the increasing installation of surveillance systems across all verticals, creating significant growth opportunities for the security and surveillance storage market. For instance, according to the Council on Criminal Justice, thefts and robberies in major cities across the United States increased by around 20% in the first half of 2022.
Further, the use of cloud storage, which refers to the method of storing surveillance footage in the cloud, has been growing in popularity in recent years. Unlike traditional CCTV systems, modern surveillance systems that store footage in the cloud provide organizations with a simple and effective way to scale video storage to meet retention requirements. Devoid of the limitations of on-premise recorders like NVRs and DVRs, cloud camera systems are quickly becoming a popular option among fast-growing businesses.
Moreover, significant support from governments of different countries in smart city initiatives across the world has a positive contribution to market growth. The development of smart cities is expected to fuel the installation of surveillance systems, thereby driving the demand for security and surveillance storage systems.
Further, the high product and installation costs related to surveillance systems and storage solutions might offer some challenges to the market growth. Also, the rising incidents of cyber-attacks against video surveillance systems hinder market growth.

Security And Surveillance Storage Industry Segmentation

Security and surveillance systems refer to a combination of video, audio, or photographic recording devices installed for the purpose of 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 security and 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 vertical (government and defense, education, BFSI, retail, transportation and logistics, utilities, healthcare, home security, and other end-user verticals) and geography (North America, Europe, Asia Pacific, Latin America, and Middle East and Africa).

The market sizes and forecasts are provided in terms of value (in USD) for all the above segments.

By Product
		NAS
		SAN
		DAS
		Other Products

By Storage Media
		HDD
		SSD

By Deployment
		Cloud
		On Premise

By End-User Vertical
		Government and Defense
		Education
		BFSI
		Retail
		Transportation and Logistics
		Utilities
		Healthcare
		Home Security
		Other End-User Verticals

By Geography
		North America
		Europe
		Asia
		Australia and New Zealand
		Latin America
		Middle East and Africa

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Security And Surveillance Storage Market Size Summary

The security and surveillance storage market is experiencing significant growth, driven by the increasing need for security solutions across various sectors such as banking, retail, and healthcare. The rise in criminal activities has led to a surge in the installation of surveillance systems, creating substantial opportunities for market expansion. The adoption of cloud storage solutions is gaining traction, offering organizations a scalable and efficient way to manage video storage without the limitations of traditional on-premise systems. Additionally, government support for smart city initiatives worldwide is further propelling the demand for surveillance systems, thereby boosting the market for security and surveillance storage solutions. However, challenges such as high costs of surveillance systems and the threat of cyber-attacks on video surveillance systems may impede market growth.

In regions like India and China, the expanding retail and healthcare sectors are contributing to the market's growth. In India, the retail industry's dynamic nature and the healthcare sector's expansion, supported by government investments, are creating favorable conditions for the adoption of surveillance systems. Similarly, China's extensive use of surveillance systems, driven by national security strategies, underscores the market's potential in the region. The competitive landscape is marked by moderate rivalry, with major vendors like Honeywell, Cisco, and Dell Technologies actively engaging in strategic partnerships and innovations to enhance their market presence. Recent developments, such as the introduction of cloud-based video surveillance services and hybrid-cloud solutions, highlight the ongoing advancements in the industry, further supporting market growth.

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Security And Surveillance Storage Market Size - Table of Contents

1. MARKET INSIGHTS
1. 1.1 Market Overview
2. 1.2 Industry Attractiveness- Porter's Five Forces Analysis
  1. 1.2.1 Bargaining Power of Suppliers
  2. 1.2.2 Bargaining Power of Consumers
  3. 1.2.3 Threat of New Entrants
  4. 1.2.4 Intensity of Competitive Rivalry
  5. 1.2.5 Threat of Substitutes
3. 1.3 Industry Value Chain Analysis
4. 1.4 Impact of Macro Trends on the Market
2. MARKET SEGMENTATION
1. 2.1 By Product
  1. 2.1.1 NAS
  2. 2.1.2 SAN
  3. 2.1.3 DAS
  4. 2.1.4 Other Products
2. 2.2 By Storage Media
  1. 2.2.1 HDD
  2. 2.2.2 SSD
3. 2.3 By Deployment
  1. 2.3.1 Cloud
  2. 2.3.2 On Premise
4. 2.4 By End-User Vertical
  1. 2.4.1 Government and Defense
  2. 2.4.2 Education
  3. 2.4.3 BFSI
  4. 2.4.4 Retail
  5. 2.4.5 Transportation and Logistics
  6. 2.4.6 Utilities
  7. 2.4.7 Healthcare
  8. 2.4.8 Home Security
  9. 2.4.9 Other End-User Verticals
5. 2.5 By Geography
  1. 2.5.1 North America
  2. 2.5.2 Europe
  3. 2.5.3 Asia
  4. 2.5.4 Australia and New Zealand
  5. 2.5.5 Latin America
  6. 2.5.6 Middle East and Africa

Security And Surveillance Storage Market Size FAQs

How big is the Security And Surveillance Storage Market?

The Security And Surveillance Storage Market size is expected to reach USD 14.48 billion in 2024 and grow at a CAGR of 8.94% to reach USD 22.22 billion by 2029.