Analyst: Big Changes Coming in the Video Storage Market
The global market for enterprise and IP storage used for video surveillance is surging and in 2017 will reach just under $2.5 billion — nearly $1.5 billion more than in 2012, says Sam Grinter, technology market analyst for IHS.
Among the reasons behind this strong growth is end users placing greater value on video surveillance data because of video’s increasing use for business intelligence applications and as evidence to defend against lawsuits. In each case, investment in storing video for more time or at a higher quality can provide end users with an increased ROI.