WW Video Surveillance Storage Market to Reach $10.6 Billion by 2027

According to a report from analysts from ReportLinker published on November 9, 2022, in the changed post Covid-19 business landscape, the global market for Video Surveillance Storage (VSS) estimated at $7.4 billion in the year 2020, is projected to reach a revised size of $10.6 billion by 2027, growing at a CAGR of 5.4% over the analysis period 2020-2027.

SAN, one of the segments analyzed in the report, is projected to record a 4.7% CAGR and reach $3.7 billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the DAS segment is readjusted to a revised 5% CAGR for the next 7-year period.

US Market Estimated at $2 Billion, While China Forecast to Grow at 8.9% CAGR
The VSS market in USA is estimated at $2 billion in the year 2020. China, the world’s second largest economy, is forecast to reach a projected market size of $2.2 billion by the year 2027 trailing a CAGR of 8.9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 4.4% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in AsiaPac is forecast to reach $1.4 billion by the year 2027.

NAS Segment to Record 6% CAGR
In the global NAS segment, USA, Canada, Japan, China and Europe will drive the 6% CAGR estimated for this segment. These regional markets accounting for a combined market size of $1.2 billion in the year 2020 will reach a projected size of $1.8 billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Latin America will expand at a 6.6% CAGR through the analysis period.

Select competitors (total 43 featured):
Avigilon Corporation
BCDVideo
Cisco Systems, Inc.
Hitachi Ltd.
Honeywell International, Inc.
Jet Stream
Pelco Corporations
Rasilient Systems
Seagate Technology LLC