United States Surveillance Storage Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.91 Billion |
| Market Size (2029) | USD 4.49 Billion |
| CAGR (2024 - 2029) | 9.04 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
United States Surveillance Storage Market Analysis
The United States Surveillance Storage Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 4.49 billion by 2029, growing at a CAGR of 9.04% during the forecast period (2024-2029).
- The rising use of high-definition, ultra-high-definition, and 4K cameras is leading to a surge in data volumes. Consequently, there is a growing need for storage solutions that can efficiently handle and store these vast datasets. Optiveiw reports that an average 1080p surveillance camera, using H.264 compression, can produce up to 35GB of data daily, equating to 13TB annually. As organizations increasingly adopt high-definition cameras and manage multiple video streams, their storage demands are escalating, presenting a notable challenge.
- In the US surveillance storage market, cloud storage is gaining traction. Its appeal lies in its scalability, flexibility, and cost-efficiency. Organizations are turning to cloud solutions to grapple with the expanding video data volumes and to alleviate the strain on their on-premise storage systems.
- Heightened concerns regarding crime, terrorism, and public safety have spurred heightened investments in surveillance infrastructure. This trend is evident across government, transportation, and commercial enterprises. The emphasis on security necessitated the establishment of extensive surveillance networks, leading to the generation of substantial data volumes that require secure storage.
- AI and machine learning are increasingly revolutionizing the US surveillance storage market, bolstering data analysis and optimizing storage efficiency. These technologies empower organizations to pinpoint crucial footage, thereby trimming storage needs and enhancing operational effectiveness.
- With the increasing threat of cyber-attacks and data breaches, organizations in the US surveillance storage market emphasize data security. They are investing in robust security measures, such as encryption, access controls, and backup solutions, to protect their video surveillance data. According to IBM, the United States had the highest data breach cost at USD 5.09 million in 2023. Cyber insurance premiums have also been surging in the United States.
- Regulatory mandates and organizational policies often require the retention of surveillance footage for extended periods, sometimes spanning years. This necessity fuels the demand for scalable and secure storage solutions capable of housing vast amounts of data. Technological advancements enhance storage efficiency, including data deduplication, compression, and tiered storage. These innovations reduce the space needed for data storage and optimize resource utilization, bolstering market growth.
- However, challenges persist. As data storage needs escalate, so do the associated costs with surveillance storage systems. Organizations face the dual challenge of cost optimization and providing reliable, secure storage solutions. Striking a balance between these priorities poses a significant challenge for many US firms.
United States Surveillance Storage Market Trends
Cloud Storage Segment to Witness Substantial Growth
- The rising use of high-definition cameras is leading to a surge in video data, highlighting the need for scalable storage solutions. Cloud storage emerges as a critical solution, offering the advantage of flexible capacity expansion without substantial initial hardware investments.
- Findings from a Virtana survey involving 350 IT professionals from the U.S. and U.K. underscore that a significant number of companies (~58% having employee size of more than 10,000) rely on cloud storage. More than half of their data is stored on cloud servers. A similar trend is observed among smaller organizations as well.
- Organizations are shifting to cloud storage to reduce capital expenditures associated with traditional storage systems. This transition allows for predictable operational costs through subscription models, making budgeting easier. Many cloud storage providers are gaining popularity due to their capability to meet the specific needs of surveillance systems.
- For instance, Wasabi is known for its Surveillance Cloud, which offers scalable and secure storage solutions tailored for video surveillance. The straightforward pricing model makes it an attractive option for businesses managing large volumes of video data efficiently. Many other companies are offering similar plans.
- As cyber threats grow, cloud providers enhance security measures, such as multi-factor authentication and encryption, to protect sensitive surveillance data. This focus on security is driving confidence in cloud solutions.
- For instance, according to Microsoft Corporation, the company detects about 1.5 million daily attempts to compromise its systems. The company invests billions in cloud security each year. According to the AWS Economic Impact Study (EIS) released on October 2023, Amazon Web Services stated that since 2011, it has invested over USD 108 billion in its cloud computing infrastructure in the United States.
Government and Defense Sector is Driving the Market
- The government and defense sectors are broadening their surveillance networks, encompassing public areas, vital infrastructure, and defense sites. This expansion results in a surge of video data, demanding extensive, high-capacity storage solutions.
- These sectors are increasingly partnering with private tech entities, such as IBM, Dell Technologies, and Amazon Web Services (AWS), to pioneer and implement sophisticated surveillance storage solutions. These collaborations infuse government projects with state-of-the-art technology and specialized knowledge.
- The US's macroeconomic conditions have been conducive to market growth, buoyed by heightened government spending on public safety. Notably, the US government allocated a substantial budget of over USD 37 billion for the Department of Justice in FY2025, which marks a consecutive increase over previous years, underscoring its commitment to security initiatives and setting a positive trajectory for the surveillance storage market.
- Under the USD 1.9 trillion American Rescue Plan, the US government allocated USD 15 billion specifically for public safety initiatives. A recent report highlights a notable drop in crime rates nationwide, attributed to the increased focus on public safety.
- Research by the Criminal Council of Justice revealed a 10% decrease in homicides across the 32 cities studied in 2023 compared to 2022. While some towns reported declines in violent offenses, gun assaults, and property crimes, there was a notable uptick in motor vehicle thefts, violent offenses, and carjackings.
- State and local governments increasingly invest in surveillance systems to enhance public safety. Cities like San Francisco and Chicago are investing heavily in smart city initiatives. The US Customs and Border Protection uses AI-powered border security surveillance systems, which generate daily terabytes of data that must be stored and analyzed. These developments are further driving the market.
United States Surveillance Storage Industry Overview
The US surveillance camera market is fragmented, with major domestic and international players competing. These companies compete on technology innovations, scalability, security features, and integration capabilities. Public-private partnerships and compliance with regulatory standards further shape the competition, driving continuous advancements in data storage efficiency, security, and capability to meet growing surveillance demands across various sectors. Some key market players include Seagate Technology, Quantum Corporation, IBM, and Netapp.
• May 2024: Quantum Corporation, a leading data management solution developer tailored to the AI era, unveiled 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 unique proposition: a private cloud feel coupled with 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.
United States Surveillance Storage Market Leaders
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Seagate Technology
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Quantum Corporation
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IBM
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Verint Systems
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Wasabi Technologies
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NetApp Inc.
*Disclaimer: Major Players sorted in no particular order
United States Surveillance Storage Market News
- March 2024: Wasabi Technologies, known for its innovative cloud storage solutions, has 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 various 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.
- January 2024: Tiger Technology has 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. These software-only data management solutions by the company are tailored to the specific needs of the video surveillance industry.
United States Surveillance Storage Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
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 Impact of Macroeconomic Trends on The Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Growing Adoption of Advanced Surveillance Systems
5.1.2 Expanding Cloud Infrastructure in the Country
5.2 Market Restraints
5.2.1 High Cost of Storage Solutions
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 Banking and Financial Institutions
6.3.2 Transportation and Infrastructure
6.3.3 Government and Defense
6.3.4 Healthcare
6.3.5 Industrial
6.3.6 Retail
6.3.7 Enterprises
6.3.8 Residential
6.3.9 Others
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 Inc.
7.1.6 IBM
7.1.7 Quantum Corporation
7.1.8 Cisco Systems
7.1.9 Genetec
7.1.10 Axis Communication
7.1.11 Tiger Technology
7.1.12 Wasabi Technologies
7.1.13 Cloudian
7.1.14 Milestone Systems
7.1.15 Verkada Inc
7.1.16 Broadberry Data Systems LLC
7.1.17 Synology Inc
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
United States 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 the United States. 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 over 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 United States 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, others). 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 | |
| Banking and Financial Institutions | |
| Transportation and Infrastructure | |
| Government and Defense | |
| Healthcare | |
| Industrial | |
| Retail | |
| Enterprises | |
| Residential | |
| Others |
United States Surveillance Storage Market Research FAQs
How big is the United States Surveillance Storage Market?
The United States Surveillance Storage Market size is expected to reach USD 2.91 billion in 2024 and grow at a CAGR of 9.04% to reach USD 4.49 billion by 2029.
What is the current United States Surveillance Storage Market size?
In 2024, the United States Surveillance Storage Market size is expected to reach USD 2.91 billion.
Who are the key players in United States Surveillance Storage Market?
Seagate Technology, Quantum Corporation, IBM, Verint Systems, Wasabi Technologies and NetApp Inc. are the major companies operating in the United States Surveillance Storage Market.
What years does this United States Surveillance Storage Market cover, and what was the market size in 2023?
In 2023, the United States Surveillance Storage Market size was estimated at USD 2.65 billion. The report covers the United States Surveillance Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the United States Surveillance Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
United States Surveillance Storage Industry Report
Statistics for the 2024 United States Surveillance Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. United States 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.
