Video Surveillance: Huge Market for Storage

IMS Research published a report that expects IP SAN market to grow at CAGR of 66.7% between 2008 and 2013, pushed by video surveillance (VS). On its side, Frost & Sullivan said that North American VS storage market is booming, expecting to grow to $2.95 billion in 2013, at a CAGR of 12% from 2007 to 2013. MarketsandMarkets calculated that global VS market will increase from $11.5 billion in 2008 to $37.7 billion by 2015 at a CAGR of 20.4% from 2010 to 2015.

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It’s an enormous market. Everybody should like to have its own VS system to be sure that no burglar is entering your house with the possibility to look at the images of your home anytime from everywhere on a smartphone. About every cities have installed or project to install VS for security. There are also a lot of other applications in retail, schools, resorts, banking, transportation, military, casinos, etc. And for storage, it’s huge as video files, with higher and higher resolution images, are generally stored for days or weeks.

Other parts of VS platforms are IP cameras (Axis being the major player), encoders, monitors and software.

But few pure storage firms and few big ones really invested in this sector with some exceptions like Qnap, Synology or Thecus since several years, and more recently Iomega, all of them to increase their NAS market. To be a major actor, they will need some acquisitions in hardware as well as in software to be added to their disk systems for a complete VS solution.

Today they need partners for a complete solution in a sector where the technology is constantly pushed. Look at today news: Stanley CSS Launches Cloud Video Storage. This company, that acquired several firms, is offering one of the most sophisticated VS system, eVideo Cloud Storage, that includes local storage on Iomega NAS and on the cloud with EMC, web-based time and attendance for real-time communication between employees and human resources for absences, vacations and schedule changes, smart phone security alarm control, in-motion iris biometrics with 2,000 points of identification that are variable from person to person.

Companies – alone or with partners – involved
in storage for video surveillance include: