Video Surveillance Storage Market Projected to Reach $15.55 Billion by 2031
The global market for video surveillance storage is forecast to grow from $10.93 billion in 2026 to $15.55 billion by 2031. This expansion is driven by increasing demand for higher resolution video and advanced analytics.
The market for video surveillance storage solutions is poised for substantial growth over the next five years, according to research firm MarketsandMarkets™. The sector's value is projected to increase from approximately $10.93 billion in 2026 to $15.55 billion by 2031.
This growth represents a compound annual growth rate (CAGR) of 7.3%. Key drivers include the expanding adoption of video surveillance systems across various industries such as retail, transportation, and public infrastructure, alongside a rising need for data storage and analysis capabilities.
The demand for greater storage capacity is further fueled by advancements in video quality and the increasing sophistication of video analytics. The adoption of cloud-based storage solutions and next-generation storage technologies is expected to play a significant role in market expansion.
The video surveillance storage market encompasses a range of devices and systems, including hard disk drives, Network Attached Storage (NAS) devices, and cloud storage services. This growth trend reflects the broader increase in data generation and the critical need for efficient data management and storage infrastructure.