Video Surveillance Storage Market Worth $10.2 Billion by 2025 - Exclusive Report by MarketsandMarkets™

News provided by

Jun 24, 2020, 11:30 ET

CHICAGO, June 24, 2020 /PRNewswire/ -- According to the new market research report "Video Surveillance Storage Market by Product (SAN, NAS, DAS, and video recorders), Storage Media (HDD and SSD), Enterprise Size, Application (Commercial, City Surveillance, and Industrial), Deployment Mode, Vertical, and Region - Global Forecast to 2025", published by MarketsandMarkets™, the global Video Surveillance Storage Market is projected to grow from USD 7.5 billion in 2020 to USD 10.2 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 6.1% during 2020–2025.

The factors driving the market growth are the adoption of IP cameras and demand for video surveillance and its storage to secure public places. On the other hand, the low awareness of the availability of storage technologies and systems may restrain the market growth.

Browse in-depth TOC on "Video Surveillance Storage Market"

356 – Tables

43 – Figures

344 – Pages

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=11432874

The transportation and logistics vertical to hold the largest market size during the forecast period

The VSS Market study covers different verticals, including government and defense, education, Banking, Financial Services, and Insurance (BFSI) , transportation and logistics, healthcare and pharmaceutical, manufacturing, energy, and utilities, media and entertainment, retail, and others (IT and telecommunications, legal, and construction). These verticals are expected to witness the high adoption of VSS solutions to achieve various benefits, including increased employee efficiency, reduced crime rate, and secured public places. Among these verticals, the transportation and logistics vertical is expected to hold the largest market size during the forecast period. It is investing a huge amount in installing video surveillance systems for monitoring traffic, preventing accidents, and conducting accidental investigation.

Among applications, the industrial segment to grow at the highest CAGR during the forecast period

Based on applications, the VSS Market has been segmented into commercial, defense/military, city surveillance, and industrial. The city surveillance segment is expected to hold the largest market size. The city surveillance application helps in monitoring traffic and securing airports, seaports, stadiums, and theaters. Whereas, the industrial vertical is expected to grow at the highest CAGR during the forecast period. The constant need to monitor manufacturing plants that deal with high grade raw materials, chemicals, and precious metals is the top priority in industrial applications. VSS solutions help such industries to avoid thefts and accidents in the workplace and maintain a proper decorum.

Speak to Analyst: https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=11432874

Asia Pacific to hold the largest market size during the forecast period

Asia Pacific (APAC) is expected to hold the largest market size in the global VSS Market. There is a rise in competition in the VSS Market, due to the increasing number of smart cities in the countries such as India and China demanding video surveillance storage systems to monitor and analyze public places for security purposes. The governments of Japan, Australia, India, New Zealand, and Singapore are investing in smart city projects for monitoring traffic and protecting their citizens and public places. Due to these contributions to the VSS Market, APAC is expected to witness strong growth.

The Video Surveillance Storage Market report provides the competitive landscape and company profiles of key vendors. Major vendors in the global VSS Market include Cisco (US), Hitachi (Japan), Dell EMC (US), Honeywell (US), Avigilon (Canada), NetApp (US), Bosch (Germany), Seagate (US), Quantum (US), Schneider Electric (France) ,Fujitsu (Japan), Wester Digital (US), BCDVideo (US), Cloudian (US), Spectra Logic (US), Micron Technology (US), Nexsan (US), RAIDIX (Switzerland), Infortrend (Taiwan), Rasilient System (US), Intransa (US), PIVOT3 (US), IDIS (South Korea), AXIS Communications (Sweden), VIVOTEK (Taiwan), huperLab (Taiwan), Milesight (US), Secure Logiq (UK), Promise Technology (US), D-Link (Taiwan), ADATA (Taiwan), Toshiba (Japan). Hikvision (China), Uniview (China), Qognify (US), Thomas Krenn (Germany), AMAX (US), Genetec (Canada), Pelco (US), and CP PLUS (Germany).

Browse Adjacent Markets: Software and Services Market Research Reports & Consulting

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]

Visit Our Website: https://www.marketsandmarkets.com

Content Source: https://www.marketsandmarkets.com/PressReleases/video-surveillance-storage.asp

SOURCE MarketsandMarkets