6wresearch logo

Boom Time For India's Video Surveillance Storage Market

July 30, 2018

Government and transportation vertical is driving the growth of video surveillance storage market in India, according to 6Wresearch in its recently published report, which projected that the country's Video Surveillance Storage market wil grow at a CAGR over 10.5% during 2018-24.

India's video surveillance market is exhibiting substantial growth as a result of growing consumer awareness regarding significance of video surveillance for security and continuous monitoring. In addition, flourishing video surveillance market coupled with surging adoption of high resolution cameras are resulting in higher demand for video surveillance storage solutions. Continuous advancement in storage technologies, smart cities development as well as increasing installation of CCTVs across verticals such as BFSI, Retail, and Hospitality & Healthcare are further complementing the growth of video surveillance storage market in the country.

According to 6Wresearch, in 2017, Government & Transportation, Commercial offices and IT/ITes segments altogether contributed nearly 50% revenue share towards the overall video surveillance storage market in India. Moreover, in terms of mode of deployment, on-premise storage bagged maximum revenue share followed by cloud storage. Although, verticals such as government and BFSI restrict adoption of cloud storage for data security concerns, however, customers are switching towards cloud based technology as it provides improved accessibility and cost effectiveness; cloud storage is projected to display highest growth rate during the forecast period.

According to Anuj Mehrotra, Senior Research Analyst, Research and Consulting, 6Wresearch, "Over the last few years, with declining prices of cameras and increasing awareness, end- consumers have registered rising demand for high resolution cameras with 1080p resolution in comparison to traditional based 720p resolution. Surging adoption of high resolution CCTV is resulting in increasing demand for advanced video surveillance storage solutions."

"Moreover, ultra-high-definition surveillance cameras with 4K resolution are yet to gain wide adoption in India as higher bandwidth and data storage requirements are hindering its market growth. High Efficiency Video Coding (HEVC), H.265, is the newest video compression technology which enables streaming of high quality videos in a faster way and also offers storage reduction," Mehrotra said.

According to Suman Gautam, Research Associate, Research and Consulting, 6Wresearch, "Among different video surveillance storage technologies, NAS (Network Attached Storage) technology gained highest revenue share in 2017 followed by DAS (Direct Attached Storage) and SAN (Storage Attached Network). However, SAN is anticipated to exhibit highest growth rate during the forecast period, attributed to growing acceptance of SAN across larger applications including city surveillance, transit system management, and monitoring of large institutions/premises."

"Furthermore, multi-tier storage solution is one of the key trends across video surveillance storage market offering video data retention for longer time period which is helpful in post recording analysis of video feeds," Gautam added.

Some of the major players in India Video Surveillance Storage market include- Dell EMC Corporation, NetApp India Pvt. Ltd, Quantum Corporation, Seagate Technology HDD (India) Pvt. Ltd, Huawei Technologies India Pvt. Ltd, Cisco Systems (India) Pvt. Ltd, and Western Digital.

Media Source : CXO Today

      Browse More Report

Australia Solar Inverter Market (2018-2024)

Market Forecast By Power Rating (Below 10kW, 10kW-100kW, 100.1kW-1MW and Above 1MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Applications (Residential, Commercial & Industrial and Utility), By Regions (New South Wales, Western Australia...

Read More

Indonesia Solar Inverter Market (2018-2024)

Market Forecast By Power Rating (Below 10kW, 10kW-100kW and 100.1kW-1MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Applications (Residential, Commercial & Industrial and Utility), By Regions (Java, Papua, Sumatra, Sulawesi and Kalimantan)...

Read More

Global Fire Protection Valves & Fittings Market (2018-2024)

Market Forecast By Valve Systems (Wet System Valves, Dry System Valves, Deluge & Pre-Action System Valves, General Purpose Valves including Pressure Regulating Valve, Butterfly Valve, Trim, Fail Safe and Check Valve), By Fitting Types (Grooved Fittings & Coupling, Mechanical...

Read More

Malaysia Solar Inverter Market (2018-2024)

Market Forecast By Power Rating (Below 10 kW, 10 kW - 100 kW, 100.1 kW - 1 MW and Above 1 MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Verticals (Residential, Commercial & Industrial and Utility), By Regions (Peninsular, Sarawak and Sabah)...

Read More

India Solar Water Pumping Systems Market (2018-2024)

Market Forecast By Power Rating (Up to 3 HP, 3.1 to 10 HP, 10.1 to 12.5 HP, 12.6 to 19 HP, and Above 19 HP), Design Type (Surface and Submersible), Drive Type (AC Motor and DC Motor), Applications (Irrigation and Others including drinking, livestock watering etc.)...

Read More

Philippines Solar Inverter Market (2018-2024)

Market Forecast By Power Rating (Below 10 kW, 10 kW - 100 kW, 100.1 kW - 1 MW and Above 1 MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Verticals (Residential, Commercial & Industrial and Utility), By Regions (Northern, Central and Southern)...

Read More

Thailand UPS Systems Market (2018-2024)

Market Forecast By KVA Ratings (Up to 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA and Above 200 KVA), By Applications (Residential, Industrial as well as Commercial including Offices, Healthcare, BFSI, Hospitality, Education, Data Centre and Others), By Regions...

Read More

Vietnam Solar Inverter Market (2018-2024)

Market Forecast By Power Rating (Below 10 kW, 10 kW - 100 kW, 100.1 kW - 1 MW and Above 1 MW), By Types (Central Inverter, String Inverter and Micro Inverter), By Verticals (Residential, Commercial & Industrial and Utility), By Regions (Northern and Southern)...

Read More

Australia UPS Systems Market (2018-2024)

Market Forecast By KVA Ratings (Up to 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA and Above 200 KVA), By Applications (Residential, Industrial and Commercial including Offices, Healthcare, BFSI, Hospitality, Education, Data Centre and Others), By Regions...

Read More

Philippines UPS Systems Market (2018-2024)

Market Forecast By KVA Ratings (Up to 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA and Above 200 KVA), By Applications (Residential, Industrial and Commercial including Offices, Healthcare, BFSI, Hospitality, Education, Data Centre and Others.), By Regions...

Read More

Saudi Arabia Air Compressor Market (2018-2024)

Market Forecast By Types (Portable and Stationary), By Lubrication Method (Oil-Injected and Oil Free), By Technology (Rotary (Up to 75kW, 76-160kW and Above 160kW), Centrifugal (Up to 500kW and Above 500kW), Reciprocating (Up to 10kW and Above 10kW)), By Applications...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events