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Market Research Report

Surveillance Storage Device Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

Published On : 2018-01-09 Report Page : 310 Category: Hardware and ICT

Global Surveillance Storage Device Market

Market Overview

Video surveillance is happen to be a massive growth area worldwide, video surveillance is a critical technology as the data is simply too valuable and sensitive to be lost. The widespread adoption of closed circuit television cameras has accelerated its convergence with the IT industry, and heralded in a period of robust expansion and is accountable to cause a escalation in demand for enterprise storage solutions, particularly for the storage-intensive verticals of Government, City Surveillance, and Transportation. 

Goldstein Research analyst forecast the surveillance storage device market size is set to reach USD 27.5 billion by 2024, at a CAGR of 14.1% over the forecast years.

Covered In This Global Surveillance Storage Device Market Report

The report covers the present ground scenario and the future growth prospects of the surveillance storage device market for 2016-2024 along with the number of installed base in various verticals specific to regions, shipment of network cameras & HD CCTV cameras globally and adoption rate in residential and commercial usage. We calculated the market size and revenue share on the basis of revenue generated from the sales of surveillance storage device from major players across the globe.

Global Surveillance Storage Device Market Segmentation

By Storage Technology

  • Direct attached storage (DAS)
  • Storage area networks (SAN)
    • Fiber Channel (FC) SAN
    • Internet Small Computer System Interface (iSCSI)
    • Fiber Channel Over Ethernet (FCoE)
  • Network video recorders (NVR)
  • Network attached storage (NAS)
  • Digital video recorders (DVRs)
  • Unified storage/Hybrid storage

By Storage Media

  • Hard disk drives (HDD)
  • Solid state drives (SSD)
  • Others

By Storage Location Type

  • Internal
  • External

By Capacity

  • 500 GB-1 TB
  • 8 TB
  • 10 TB
  • 12 TB
  • Others (128 TB, 192 TB, etc)

By Form Factor

  • Small Form Factor (2.5 inch)
  • Large Form Factor (3.5 Inch)
  • Standard Form Factor

By Number of Drive Bays Supported

  • 4-16
  • 16-32
  • Others

By Verticals

  • Government
  • City Surveillance
  • Transportation
  • Retail
  • Healthcare
  • Banking & Finance
  • Others (Defense, Education, etc.)

Based on Geography

  • North America (U.S. & Canada) Surveillance Storage Device Market
  • Latin America (Brazil, Mexico, Argentina & Rest of Latin America) Surveillance Storage Device Market
  • Europe (The U.K., Germany, France, Italy, Spain, Poland, Sweden & RoE) Surveillance Storage Device Market
  • Asia-Pacific (China, India, Japan, Singapore, South Korea, Australia, New Zealand, Rest of Asia) Surveillance Storage Device Market
  • Middle East & Africa (GCC, South Africa, North Africa, RoMEA) Surveillance Storage Device Market

On the basis of storage technology, the Network Attached Storage (NAS) technology recorded highest revenue share of 42.25% in 2016 while direct attached storage and unified storage tends to boost the market in upcoming years.

Surveillance Storage Device Market Outlook 2016-2024, has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the global surveillance storage device market. The report also includes porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global market report also recognizes value chain analysis to understand the cost differentiation to provide competitive advantage to the existing and new entry players.

Our global surveillance storage device market report comprises of the following companies as the key players in the surveillance storage device market: Huawei Technologies Co., Seagate Technology LLC, Rasilient, Veracity, Western Digital Corporation Coraid, HGST Inc, Hitachi, March Networks, Pelco (Schneider Electric), Pivot3.

According to our global market study on the basis of extensive primary and secondary research:  “One of the growing trends of surveillance storage device market is that as average camera resolution continues to increase i.e. Panoramic and 4K cameras are two further storage-hungry high-growth categories.”

According to the report, major driving factor for expansion of surveillance storage device market is high definition, megapixel network cameras which result in decrease in price and begun to proliferate, the need for reliable and scalable storage space has risen.

Further, the report states that the major challenge which is being faced by the companies is to educate the customers about the advantages of implementing a proper recording solution. Most of the customers are unaware about the solutions available and which solution is best fit for their requirement.

Based on geography, Asia Pacific holds the largest market share of 35% in 2016 while Middle East & Africa and Latin America is projected to witness a robust growth with a CAGR of 14.45% over the forecast years. Saudi Arabia and Kuwait hold the opportunities for the surveillance storage device player owing to expansion and construction of new hotels, shopping malls and public infrastructures.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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Key questions answered in this Surveillance Storage Device Market report

  • What is the total market size by 2024 and what would be the expected growth rate?
  • What is the shipment of surveillance storage device in 2015-16 and what would be the expected demand over the forecast period?
  • What are the key market trends?
  • What are the factors which are driving this market?
  • What are the major barriers to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

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Surveillance Storage Device Market Outlook 2024: Global Opportunity and Demand Analysis, Market Forecast, 2016-2024

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