Research and Markets has announced the addition of the "Video Surveillance Storage Market by Technology, Media & Deployment – Worldwide Market Forecasts and Analysis to 2018" report to their offering. Video surveillance storage is experiencing rapid adoption in the market with the increasing requirement of the storage for surveillance data.

MarketsandMarkets emphasizes that the global video surveillance storage market is estimated to be $4.90 billion in 2013 and is expected to grow to $10.41 billion in 2018. This represents an estimated Compound Annual Growth Rate (CAGR) of 16.3% from 2013 to 2018. In the current scenario, NA is expected to be the biggest market on the basis of spending and adoption for the video surveillance storage solutions and services.

The major reason for this increased requirement is the increasing implementation of the surveillance systems. Along with this, there has been an increasing usage of IP-cameras, which deliver high quality videos which are heavier in size.

Other major factors escalating the growth of this market are the falling prices of the hard disk drives and migration from analogue to digital cameras. All these aspects have given a boost to the market.

The video surveillance storage market is segmented on the basis of the storage technology, solution, storage media, and the deployment model. Currently, the on-premise deployment model is being used by the companies to implement the storage solutions. The cloud deployment model has also gained traction due to increasing cloud services and rise in the necessity of remote access of the surveillance data.

Companies are also migrating from the typical digital video recorders DVRs to network video recorders NVRs due to increasing requirement of speed, flexibility, and scalability. The hybrid storage or unified storage systems are also gaining traction in this market due to the flexibility of connecting different storage media onto a single platform. Governments of many […]