Rising Crime Rate, Construction of various Retail Sector Buildings along with increasing awareness is expected to drive the growth of India Video Surveillance Storage Market

The need for security is not limited to government institutions and large companies anymore. Educational institutes, small & medium companies, hospitals also require security solutions in today’s time. Construction plans such as smart city projects and 13 central universities in the budget of INR 13,000 crore along with state government initiatives, rising awareness would generate prospects for deploying video surveillance systems over the coming years which would fuel the growth of video surveillance storage systems in the country. Additionally, infrastructural development activities such as hotels, offices and multimodal logistics park along with the strengthening of public service sectors such as education, tourism and healthcare would open up new avenues for the application of video surveillance solutions in the country which would further require data which will be the catalyst behind the increasing demand for video surveillance storage solutions.

According to 6Wresearch, India video surveillance storage market is projected to grow at a CAGR of 10.4% during 2019-25. Construction of the central universities, healthcare projects in various cities, initiatives of the state police department and rising number of residential buildings under construction and planning phase would create opportunities for new installations of video surveillance systems during the forecast period in India, which would further lead to increasing demand for video surveillance storage systems.

According to Chhavi Malpani, Senior Research Analyst, Research and Consulting, 6Wresearch, “By verticals, the government & transportation and commercial offices segments held the maximum revenue share in 2018 in the overall video surveillance storage market. The rapidly rising number of installations of video surveillance solutions in newly constructed government institutions, smart city infrastructure, and commercial office spaces is acting as a catalyst for increasing the demand for video surveillance storage systems. Further, increasing investment in the healthcare sector, such as the construction of AIIMS in Rewari & Jharkhand, 14 hospitals under Birla Group, and BRS Medicity in Amravati would further lead to an increase in demand for video surveillance storage systems for the storage of data.”

According to Sarthak Bansal, Research Associate, Research and Consulting, 6Wresearch, “Amongst storage technology, Network Attached Storage (NAS) captured the highest revenue share in the overall India video surveillance storage market. Between different types of Direct Attached Storage, servers with internal storage are anticipated to witness brisk growth over the coming years owing to the advanced features such as better processors and increasing use of persistent memory offered by servers with internal storage.”

Some of the major companies in India video surveillance storage market include Dell EMC, NetApp, HP, and Quantum.

"India Video Surveillance Storage Market (2019-2025)" report provides an in-depth analysis with 37 figures and 3 tables covered in 103 pages. The report estimates and forecasts the overall India video surveillance storage market by storage technology, verticals, deployment, direct-attached network types, and regions. The report provides an unbiased and detailed analysis of the on-going 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.

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