The Asia Pacific Video Surveillance Storage Market would witness market growth of 13.2% CAGR during the forecast period (2022-2028).
Modern video cameras had improved their storage capabilities and kept evolving. Local storage has evolved over the past few decades from analogue VHS tapes to high-capacity hard drives that can store weeks or months' worth of material. Solid State storage has arrived and now represents the finest local storage alternative although conventional spinning hard drives are still the industry standard. Solid State Drives (SSDs) have the advantage of being significantly more resilient and less prone to failure because they don't have the moving elements of a conventional drive. This makes them much speedier and more efficient while also greatly increasing their dependability and life expectancy.
Even more crucial has been the subsequent massive storage revolution. Local storage has frequently become a secondary choice because of the development and popularity of IP camera cloud storage, which has changed it from a must. The advantages of the cloud (such as affordability, scalability, security, and disaster recovery) have made it the go-to technique for data preservation, as is the case with most forms of data storage. However, file size is one factor in the cloud's popularity for video storage as opposed to papers, emails, and other corporate data.
The security and surveillance industry in India have grown as a result of rising safety standards, the emergence of airport security, and smart cities. In order to ensure public safety, there is a significant demand for safe city initiatives in India. More areas are anticipated to adopt comparable video surveillance systems with central control rooms equipped with sophisticated large video wall solutions to monitor minute details as a result of the successful implementation of surveillance and smart city projects in a number of Indian cities. For municipal surveillance monitoring and analysis, emerging technologies in face recognition, biometrics, video analytics, and CCTV are becoming equally crucial, and these needs present enormous opportunities for businesses.
The China market dominated the Asia Pacific Video Surveillance Storage Market by Country in 2021; thereby, achieving a market value of $2.3 billion by 2028. The Japan market is registering a CAGR of 12.6% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 13.9% during (2022 - 2028).
Based on Storage Media, the market is segmented into Hard Disk Drive (HDD) and Solid State Drive (SSD). Based on Component, the market is segmented into Hardware, Software and Services. Based on Hardware Type, the market is segmented into Storage Area Network (SAN), Network Attached Storage (NAS), Direct Attached Storage (DAS) and Video Recorders. Based on Software Type, the market is segmented into Video Management Software and Video Analytics. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises (SMEs). Based on Vertical, the market is segmented into Government & Defense, Retail, Education, BFSI, Healthcare & Life Sciences, Manufacturing, Media & Entertainment, Travel & Hospitality and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Video Surveillance Storage Market is Projected to reach USD 26.8 Billion by 2028, at a CAGR of 12.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Cisco Systems, Inc., Microsoft Corporation, Intel Corporation, McAfee Corp., Palo Alto Networks, Inc., RSA Security LLC (Symphony Technology Group), Broadcom, Inc. (Symantec Corporation), Crowdstrike Holdings, Inc., Trend Micro, Inc. and NetApp, Inc.
By Storage Media
By Component
By Organization Size
By Vertical
By Country
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