United States Surveillance Storage Market Size

United States Surveillance Storage Market Analysis

The United States Surveillance Storage Market size is estimated at USD 2.91 billion in 2024, and is expected to reach USD 4.49 billion by 2029, growing at a CAGR of 9.04% during the forecast period (2024-2029).

• The rising use of high-definition, ultra-high-definition, and 4K cameras is leading to a surge in data volumes. Consequently, there is a growing need for storage solutions that can efficiently handle and store these vast datasets. Optiveiw reports that an average 1080p surveillance camera, using H.264 compression, can produce up to 35GB of data daily, equating to 13TB annually. As organizations increasingly adopt high-definition cameras and manage multiple video streams, their storage demands are escalating, presenting a notable challenge.
• In the US surveillance storage market, cloud storage is gaining traction. Its appeal lies in its scalability, flexibility, and cost-efficiency. Organizations are turning to cloud solutions to grapple with the expanding video data volumes and to alleviate the strain on their on-premise storage systems.
• Heightened concerns regarding crime, terrorism, and public safety have spurred heightened investments in surveillance infrastructure. This trend is evident across government, transportation, and commercial enterprises. The emphasis on security necessitated the establishment of extensive surveillance networks, leading to the generation of substantial data volumes that require secure storage.
• AI and machine learning are increasingly revolutionizing the US surveillance storage market, bolstering data analysis and optimizing storage efficiency. These technologies empower organizations to pinpoint crucial footage, thereby trimming storage needs and enhancing operational effectiveness.
• With the increasing threat of cyber-attacks and data breaches, organizations in the US surveillance storage market emphasize data security. They are investing in robust security measures, such as encryption, access controls, and backup solutions, to protect their video surveillance data. According to IBM, the United States had the highest data breach cost at USD 5.09 million in 2023. Cyber insurance premiums have also been surging in the United States.
• Regulatory mandates and organizational policies often require the retention of surveillance footage for extended periods, sometimes spanning years. This necessity fuels the demand for scalable and secure storage solutions capable of housing vast amounts of data. Technological advancements enhance storage efficiency, including data deduplication, compression, and tiered storage. These innovations reduce the space needed for data storage and optimize resource utilization, bolstering market growth.
• However, challenges persist. As data storage needs escalate, so do the associated costs with surveillance storage systems. Organizations face the dual challenge of cost optimization and providing reliable, secure storage solutions. Striking a balance between these priorities poses a significant challenge for many US firms.