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(Wireless-NewsWire.Com, September 18, 2018 ) According to Verified Market Intelligence, the Global Video Surveillance Storage Market was valued at USD 7.98 billion in 2016 and is projected to reach USD 50.10 billion by 2025, growing at a CAGR of 22.65% from 2017 to 2025.
Video surveillance storage refers to the system of collecting the information that is obtained from surveillance cameras. The data is able to be obtained in real time and kept for analysis if necessary, for example in the case of obtaining evidence. Video surveillance plays a vital role in the security by being able to retain visual information and watched at a later time if necessary. The video surveillance system has advantages such as the ability to store the integrated video as well as having enhanced quality of the obtained video.
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With the amount of security and safety threats becoming more prevalent, there is an increase in the need for cloud-based surveillance storage devices in several different vehicles. This has led to an increase in the demand for the video surveillance storage market size. Factors such as the absence of awareness concerning the availability of storage systems and technologies as well as the cost of expanding bandwidth are restraining the market for the video surveillance.
Competitive Landscape:
The major players in the market are as follows:
Hitachi, Ltd.
Seagate Technology LLC
Netapp, Inc.
Schneider Electric (Pelco)
Cisco Systems, Inc.
Dell
EMC Corporation
Avigilon Corporation
Robert Bosch GmbH
Honeywell International, Inc.
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