DUBLIN–(BUSINESS WIRE)–The “India Video Surveillance Storage Market Outlook (2021-2027): Market Forecast By Storage Technology, By Direct Attached Storage, By Types, By Deployment, By Verticals, By Regions And Competitive Landscape” report has been added to ResearchAndMarkets.com’s offering.
India Video Surveillance Storage Market report comprehensively covers the market by storage technology, deployment, verticals and regions.
The market report provides an unbiased and detailed analysis of the ongoing market 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.
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 the generation of large amounts of data, which in turn is surging the demand for video surveillance storage solutions in the country. However, the 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 the healthcare and social service sector.
According to the publisher, 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 an 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 the 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.
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Storage Technology
By Deployment
By Verticals
By Regions
Key States
Key Cities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/qbtwpw
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