India Video Surveillance Storage Market Overview

India video surveillance storage market grew at a significant rate over the past few years owing to rising demand for IP and high-resolution surveillance cameras and increasing security concerns across the country. Additionally, technological advancements, such as face and voice recognition, HD video, and audio recording are gaining higher adoption among Indian consumers, resulting in generation of large amounts of data, which in turn is surging the demand for video surveillance storage solutions in the country. However, COVID-19 pandemic has slightly affected the market revenues in India due to the slowdown in economic activities along with the diversion of funds from infrastructural projects to healthcare and social service sector.

According to 6Wresearch, India Video Surveillance Storage Market size is projected to grow at a CAGR of 7.7% during 2021-2027. Over the last few years, India witnessed increasing shift from traditional based analog surveillance to IP based video surveillance solutions. This, in turn has increased the need for advanced and higher capacity storage solutions in the country. In terms of storage technology, NAS based video surveillance storage solutions registered highest revenue share in the overall market in 2020 on account of growing demand for accessing data remotely using a network connection. This serves as a private cloud for the commercial as well as residential segment that provides utmost security. The technology is majorly being driven on account of increasing usage of wireless devices, growing demand for scalability, and strengthening IT infrastructure in the country. Moreover, on-premises storage segment held major revenue share in the overall India video surveillance storage market in 2020 owing to the relative price advantage with less up-front cost and the characteristic of maintaining data confidentiality. However, the exponential growth in data volumes across verticals would fuel the demand for cloud-based solutions, which in turn, would dominate the market in the forecast period.

Key Highlights of the Report:-

  • India Video Surveillance Storage Market Overview
  • India Video Surveillance Storage Market Outlook
  • India Video Surveillance Storage Market Forecast
  • Market Drivers, Restraints
  • India Video Surveillance Storage Market Trends and Industry Life Cycle
  • India Video Surveillance Storage Market – Porter’s Five Forces
  • Market Opportunity Assessment
  • Market Player’s Revenue Shares
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

About us: -

6wresearch is the premier, one-stop market intelligence and advisory center, known for its best-in-class business research and consulting activity. We provide industry research reports and consulting services across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or entering into a particular geography. Our Research Process Outsourcing (RPO) division enables our clients to reduce their costs by outsourcing their research needs and focusing on their core competencies.

Contact Us:-

Phone: +911143024305 | Email Id: sales@6wresearch.com