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The Video Surveillance Storage Market Share Reach USD 39.5 Billion by 2031, Growing with 12.3% CAGR

10-04-2024 12:19 PM CET | IT, New Media & Software

Press release from: Allied Market Research

The Video Surveillance Storage Market Share Reach USD 39.5

Allied Market Research published a new report, titled, " The Video Surveillance Storage Market Share Reach USD 39.5 Billion by 2031, Growing with 12.3% CAGR." The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter's Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.

Increase in installation of video surveillance systems due to growing security concerns is driving the growth of video surveillance storage market. In addition, advances in storage technology and the availability of inexpensive hard disk drives drive the growth of the video surveillance storage market. In addition, increase in government regulations for installing video surveillance systems in certain public places fuels the video surveillance storage market growth.

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The global video surveillance storage market size was valued at USD 12.3 billion in 2021, and is projected to reach USD 39.5 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031.

The video surveillance storage market is segmented on the basis of component, storage media, organization size, industry vertical, and region. By component, it is divided into hardware, software and services. By storage media, it is segregated into hard disk drive (HDD) and solid-state drive (SSD). By organization size, it is categorized into SMEs and large enterprises. By industry vertical, it is classified into BFSI, retail, manufacturing, healthcare & pharmaceutical, government & defense, education, media and entertainment, transportation and logistics and others. Region wise, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

Access the full summary at: https://www.alliedmarketresearch.com/video-surveillance-storage-market-A26992

Covid-19 Scenario:

● The Covid-19 pandemic positively impacted the adoption of video surveillance storage system.

● Companies had focused on emerging technologies such as AI, IoT, and cloud computing that reduce processing time and resource-efficient across industries such as BFSI, government, and healthcare to perform contactless operations.

● Moreover, the pandemic encouraged the use of contactless solutions such as facial recognition in video surveillance system.

If you have any questions, Please feel free to contact our analyst at: https://www.alliedmarketresearch.com/connect-to-analyst/A26992

Based on type, the hardware segment accounted for the highest share in 2021, contributing to more than half of the total share, and is expected to maintain its leadership status during the forecast period. However, the software segment is expected to manifest the highest CAGR of 14.65% from 2022 to 2031.

Based on storage media, the hard disk drive segment held the largest share in 2021, accounting for nearly three-fourths of the global video surveillance storage industry, and is expected to maintain its dominance in terms of revenue by 2031. However, the solid state drive segment is estimated to witness the largest CAGR of 14.22% during the forecast period.

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Based on region, Asia-Pacific accounted for the highest share in 2021, contributing to around two-fifths of the total market share, and is projected to continue its leadership status by 2031. However, the market across North America is projected to portray the fastest CAGR of 14.97% during the forecast period. The research also analyzes regions including Europe and LAMEA.

Leading players of the global video surveillance storage market analyzed in the research include Carbon Black Inc., Cisco Systems, Inc., Crowdstrike Inc., Intel Corporation, McAfee, LLC, Microsoft Corporation, Palo Alto Networks, Inc., RSA Security LLC., Symantec Corporation, and Trend Micro Incorporated.

Buy Now & Get Upto 50% Discount on this Report (320 Pages PDF with Insights, Charts, Tables, and Figures) at: https://www.alliedmarketresearch.com/video-surveillance-storage-market/purchase-options

Thanks for reading this article, you can also get an individual chapter-wise section or region-wise report versions like North America, Europe, or Asia.

If you have any special requirements, please let us know and we will offer you the report as per your requirements.

Lastly, this report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland Oregon. AMR provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients in making strategic business decisions and achieving sustainable growth in their respective market domains.

AMR launched its user-based online library of reports and company profiles Avenue. An e-access library is accessible from any device anywhere and at any time for entrepreneur's stakeholder's researchers and students at universities. With reports on more than 60000 niche markets with data comprising of 600000 pages along with company profiles on more than 12000 firms, Avenue offers access to the entire repository of information through subscriptions. A hassle-free solution to clients' requirements is complemented with analyst support and customization requests.

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