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The video surveillance storage market has witnessed exponential growth, with its size surging from $22.91 billion in 2023 to $27.76 billion in 2024, at a remarkable compound annual growth rate (CAGR) of 21.2%. This growth in the historic period can be attributed to several factors:

• Surge in surveillance deployments
• Transition to IP-based systems
• Rise in high-definition cameras
• Data retention requirements
• Security concerns and incident management

Anticipated Future Growth

The trajectory for the video surveillance storage market continues upward, with expectations to reach $58.69 billion in 2028, at a CAGR of 20.6%. This growth in the forecast period is fueled by:

• Entry of new players
• Market competitiveness
• Advancements in data management
• Cost-effective and scalable solutions
• Vertical-specific demands

Possible Terrorist Attacks: A Driving Force

One significant factor anticipated to fuel the growth of the video surveillance storage market is the threat of terrorist attacks. With the increasing frequency and severity of such attacks globally, there is a heightened need for robust surveillance systems. Video surveillance storage aids in counterterrorism efforts by providing crucial data for investigation and analysis. For instance, according to the Global Terrorism Index, attacks became deadlier in 2022, emphasizing the necessity of efficient surveillance systems.

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Technological Advancements Propel Market Growth

Technological advancements play a pivotal role in shaping the future of video surveillance storage. Key trends include:

• Adoption of cloud-based storage solutions
• Focus on cost-efficiency and ROI
• Integration of video analytics
• Hybrid storage approaches

Innovations such as cloud-based storage offer efficient and scalable solutions, as exemplified by Ava Security’s launch of Ava Cloud Storage. This technology leverages machine learning for smart recording, optimizing storage space and strategic archiving.

Delta’s Strategic Expansion in Video Surveillance

Delta’s acquisition of March Networks for USD 114 million in October 2021 underscores the market’s dynamism. This strategic move enhances Delta’s presence in video surveillance and building automation solutions, reflecting the growing importance of integrated security solutions in the market landscape.

Segmentation and Regional Analysis

The video surveillance storage market is segmented based on:

1. Products: Storage Area Network (SAN), Network Attached Storage (NAS), Direct Attached Storage (DAS), Video Recorders
2. Storage Media: Hard Disk Drive (HDD), Solid State Drive (SSD)
3. Deployment Modes: Cloud, On-premises
4. Verticals: Banking, Financial Services and Insurance (BFSI), Education

North America emerged as the largest region in the video surveillance storage market share in 2023, indicating the region’s dominance in this rapidly expanding industry.

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The Video Surveillance Storage Global Market Report 2024 provides an overviewof the video surveillance storage market for the time series: historic years (2010 -2021) and ten years forecast (2023 – 2032).The video surveillance storage market forecast analyzesvideo surveillance storagemarket size, video surveillance storage market share,leading competitor and their market positions.

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