India Video Surveillance Storage Market Size & Growth Rate
India Video Surveillance Storage Market is projected to grow at a CAGR of 7.7% during 2021–2027, driven by the rising demand for IP-based and high-resolution surveillance systems, increased security concerns, and growing adoption of advanced technologies such as facial recognition and cloud storage.
India Video Surveillance Storage Market report comprehensively covers the market by storage technology, deployment, verticals, and regions. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high-growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
India Video Surveillance Storage Market Synopsis
India video surveillance storage market grew at a significant rate over the past few years owing to rising demand for IP and high-resolution surveillance cameras and increasing security concerns across the country. Additionally, technological advancements, such as face and voice recognition, HD video, and audio recording are gaining higher adoption among Indian consumers, resulting in the generation of large amounts of data, which in turn is surging the demand for video surveillance storage solutions in the country. However, the COVID-19 pandemic has slightly affected the market revenues in India due to the slowdown in economic activities along with the diversion of funds from infrastructural projects to the healthcare and social service sector.
According to 6Wresearch, India Video Surveillance Storage Market size is projected to grow at a CAGR of 7.7% during 2021-2027. Over the last few years, India witnessed an increasing shift from traditional-based analog surveillance to IP-based video surveillance solutions. This, in turn, has increased the need for advanced and higher-capacity storage solutions in the country. In terms of storage technology, NAS-based video surveillance storage solutions registered the highest revenue share in the overall market in 2020 on account of the growing demand for accessing data remotely using a network connection. This serves as a private cloud for the commercial as well as a residential segment that provides utmost security. The technology is majorly being driven on account of increasing usage of wireless devices, growing demand for scalability, and strengthening IT infrastructure in the country. Moreover, the on-premises storage segment held a major revenue share in the overall India video surveillance storage market in 2020 owing to the relative price advantage with less up-front cost and the characteristic of maintaining data confidentiality. However, the exponential growth in data volumes across verticals would fuel the demand for cloud-based solutions, which in turn, would dominate the market in the forecast period. The rising risk of terrorism and surging crimes are accelerating the India Video Surveillance Storage Market Growth. Growing demand for security and surveillance across various sectors such as military and defense is adding to the development of the industry. The rising adoption of cloud-based storage is also propelling the India Video Surveillance market share.
Market by Storage Technology Analysis
India video surveillance storage market trends are expected to be positive owing to the growing adoption of cloud-based services, increasing usage of wireless devices, and the need for continuous surveillance are complementing the growth of the NAS market in India. Increasing demand for IP cameras across various verticals is fuelling the demand for NVRs for storage purposes. However, owing to their lower ownership costs, DAS is the majorly preferred solution by small businesses instead of NAS/SAN. However, SAN is gaining popularity across data centers and large-scale enterprises owing to its high-speed access along with greater scalability, flexibility & reliability.
Market by Regions Analysis
India video surveillance storage market share was dominated by the Northern region in 2020 on account of growing investment in the accommodation/ residential spaces and commendatory government tenders in favor of CCTV camera deployment. Large-scale investment across verticals would have a positive impact on the deployment of video surveillance storage solutions in the Northern region of the country.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 10 Years Market Numbers.
- Historical Data Starting from 2017 to 2020.
- Base Year: 2020
- Forecast Data until 2027.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report:
- India Video Surveillance Storage Market Overview
- India Video Surveillance Storage Market Outlook
- India Video Surveillance Storage Market Forecast
- Historical Data and Forecast of India Video Surveillance Storage Market Revenues for the Period 2017-2027F
- Historical Data and Forecast of India Video Surveillance Storage Market Revenues, By Storage Technology for the Period 2017-2027F
- Historical Data and Forecast of India Video Surveillance Storage Market Revenues, By Deployment for the Period 2017-2027F
- Historical Data and Forecast of India Video Surveillance Storage Market Revenues, By Verticals for the Period 2017-2027F
- Historical Data and Forecast of India Video Surveillance Storage Market Revenues, By Regions for the Period 2017-2027F
- Market Drivers, Restraints
- India Video Surveillance Storage Market Trends and Industry Life Cycle
- India Video Surveillance Storage Market – Porter’s Five Forces
- Market Opportunity Assessment
- Market Player’s Revenue Shares
- Market Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
Thereportprovides a detailed analysis of the following market segments:
By Storage Technology
- Network Attached Video Surveillance Storage
- Storage Area Network Video Surveillance Storage
- Direct Attached Video Surveillance Storage
- HDD Based System
- SSD Based System
By Deployment
- On-Cloud
- On-Premises
By Verticals
- BFSI
- Government and Transportation
- Retail
- Commercial Office and IT/ITeS
- Hospitality and Healthcare
- Logistics
- Others
By Regions
- Northern Region
- Southern Region
- Eastern Region
- Western Region
Key States
- Maharashtra
- Delhi
- Karnataka
- Gujarat
- Tamil Nadu
- West Bengal
- Madhya Pradesh
- Telangana
- Kerela
- Andhra Pradesh
- Others
Key Cities
- Delhi NCR
- Mumbai Metropolitan
- Bangalore
- Chennai
- Hyderabad
- Ahmedabad
- Pune
- Kolkata
- Lucknow
- Surat
- Others
