CCTV Storage Market Expected to Worth $39.5 Billion

Portland, OR, Sept. 22, 2022 (GLOBE NEWSWIRE) — According to the report released by Allied Market Research, the CCTV storage market generated $12.3 billion in 2021 and is expected to reach $39.5 billion by 2031, growing at a CAGR of 12.3% from 2022 to 2031. The report provides an in-depth analysis of major segments, changing market trends, value chain, major investment pockets, competitive scenario and regional landscape. The report is an essential and useful source of information for major market players, investors, new entrants and stakeholders in formulating new strategies for the future and taking action to strengthen their position in the market .

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Report coverage and details:

Report cover Details
Forecast period 2022–2031
base year 2021
Market size in 2021 $12.3 billion
Market size in 2031 $39.5 billion
CAGR 12.3%
Number of pages in the report 320
Segments Covered Component, storage medium, vertical sector and region
Drivers Increase in CCTV system installations due to security concerns
Advances in storage technology
Availability of a cheap hard drive
Opportunities Increase in government regulations for the installation of CCTV systems in public places

Covid-19 scenario:

  • The Covid-19 pandemic has had a positive impact on the adoption of CCTV storage system.
  • Companies have focused on emerging technologies such as AI, IoT and cloud computing that reduce processing time and resource efficiency in industries such as BFSI, government and healthcare. health to perform contactless transactions.
  • Additionally, the pandemic has encouraged the use of contactless solutions such as facial recognition in CCTV systems.

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The report offers a detailed segmentation of the global CCTV Storage market on the basis of components, storage media, industry vertical, and region. The report provides an analysis of each segment and sub-segment using tables and figures. This analysis helps investors, market players, and new entrants determine which sub-segments should be leveraged to achieve growth in the coming years.

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

Based on storage media, the hard drive segment held the largest share in 2021, accounting for nearly three quarters of the global market cctv storage industry, and is expected to maintain its revenue dominance by 2031. However, SSD segment is expected to experience the largest CAGR of 14.22% during the forecast period.

Based on enterprise size, the large enterprise segment dominated the market in 2021, accounting for approximately two-thirds of the market, and is expected to maintain its leading position throughout the forecast period. However, the SME segment is estimated to exhibit the highest CAGR of 14.23% during the forecast period.

Based on region, Asia-Pacific accounted for the highest share in 2021, contributing around two-fifths of the total market share, and is expected to maintain its leading status by 2031. However, the market across North America is expected to grow at the fastest CAGR of 14.97% over the forecast period. The research also analyzes regions such as Europe and LAMEA.

Key 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.

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The report analyzes these key players of the global video surveillance storage market. These players have adopted various strategies such as new product launches, expansion, partnerships and others to increase their market penetration and strengthen their position in the industry. The report is helpful in determining the business performance, operating segments, product portfolio, and developments of each market player.

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About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market research reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization in delivering high quality data and insights. We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.


        

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