Video surveillance storage will exceed $5.6 billion in 2013, which could lead to a decline of the DVR, according to IMS Research. IT network storage, in particular IP SANs (storage area networks), is at the forefront of new enterprise surveillance projects, according to the research firm’s latest market report, “The World Market for Enterprise and IP Storage Used for Video Surveillance.”
The study forecasts network storage will account for more than 30 percent of world video surveillance storage revenues in 2013. “Although the market is currently dominated by DVR solutions, network surveillance storage is gaining traction and is more scalable and flexible to the needs of some end-users,” says IMS Research Market Analyst William Rhodes.
There is currently a very large installed base of DVRs being used to record surveillance footage; however, some end users will replace DVR appliances with like-for-like solutions, according to IMS. The report also suggests that more forward looking end users are requesting new technologies such as network storage or video surveillance software as a service (VSaaS), which along with hosted video may drive the decline of the DVR.
“The target market for VSaaS vendors is small- to medium-sized businesses or residential deployments; essentially low-camera count installations with minimal recording capabilities and little requirement for constant monitoring,” adds Rhodes. “The market is currently small and nascent. However, if brought to the market in the right way and at the right time, it has the potential to disrupt the traditional DVR market.”
Other Recent News
May 21, 2013
LP Network, dba Security Source, a loss prevention company that provides lock and hardware, video surveillance, and access control products, has acquired the assets of video surveillance solutions provider Martco.
May 16, 2013
In response to last month’s Boston Marathon bombings, Will Electronics will host the Citywide Surveillance Expo to discuss the role public surveillance plays in identifying and apprehending perpetrators.
May 14, 2013
Innovative Security Designs (ISD) has collaborated with Milestone Systems to become the first camera partner to offer Milestone Arcus video management software (VMS) embedded in its edge devices.
May 9, 2013
In an effort to help increase security for the Indianapolis 500 and the OneAmerica 500 Festival Mini-Marathon, the owners of Koorsen Fire & Security (KFS) and Koorsen Security Technologies (KST) have donated a $20,000 mobile security camera system to the city of Indianapolis.
May 9, 2013
With the goal to deter crime in certain areas, as well as capture video of criminal activity, the Dauphin County Crimes Task Force will install 10 wireless cameras throughout this city.