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, 2012
The Hard Rock Hotel and Casino Albuquerque has selected Surveillance Systems Integration (SSI) to migrate the hotel’s analog security system to IP video.
May 15, 2012
According to the 2012 edition of “The World Market for CCTV & Video Surveillance Equipment” report from IMS Research, Axis Communications has overtaken the No. 1 global manufacturer position for all surveillance cameras, including IP-based and analog providers.
April 18, 2012
Mobotix, a provider of high-resolution video systems, has launched a new international channel network program to offer certified partners a range of benefits.
April 18, 2012
Axis Communications recently hosted a grand opening for its new North American headquarters, which included a private cocktail event for local partners in the state-of-the-art Axis Experience Center.
April 10, 2012
IP security solutions provider Genetec has named SecureWatch24 (SW24), a provider of installation, guard and other security services, as a Genetec Resource Partner for the northeast United States.