Video Surveillance Storage

Video Surveillance Storage

Global Video Surveillance Storage (VSS) Market to Reach $10.6 Billion by 2027

In the changed post COVID-19 business landscape, the global market for Video Surveillance Storage (VSS) estimated at US$7.4 Billion in the year 2020, is projected to reach a revised size of US$10.6 Billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027. Storage Area Network (SAN), one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach US$3.7 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Direct Attached Storage (DAS) segment is readjusted to a revised 5% CAGR for the next 7-year period.

The U.S. Market is Estimated at $2 Billion, While China is Forecast to Grow at 8.9% CAGR

The Video Surveillance Storage (VSS) market in the U.S. is estimated at US$2 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.4 Billion by the year 2027.

Network Attached Storage (NAS) Segment to Record 6% CAGR

In the global Network Attached Storage (NAS) segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.6% CAGR through the analysis period.

Select Competitors (Total 43 Featured) -

• Avigilon Corporation
• Cisco Systems, Inc.
• Dell EMC
• Hitachi Ltd.
• Honeywell International, Inc.
• NetApp, Inc.
• Robert Bosch GmbH
• Schneider Electric (Pelco)
• Seagate Technology LLC

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