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Video surveillance storage market to reach $14.13B by 2031, growing at 6.1% CAGR driven by AI and cloud adoption

Market News
23 Mar 2026
Globe News Wire
View Source
Bullish
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The global video surveillance storage market is projected to grow from $10.17 billion in 2025 to $14.13 billion by 2031, at a compound annual growth rate (CAGR) of 6.1%. Growth is driven by increasing deployment of high-resolution IP cameras, extended video retention requirements, and adoption of AI-driven analytics. Cloud storage is the fastest-growing segment due to distributed surveillance networks and rising data volumes. Large enterprises dominate the market, requiring scalable, secure storage solutions for continuous, write-intensive workloads. Key players like Seagate, Western Digital, and Dell are expanding product offerings to meet demand. The US market is strengthening with smart city projects and public safety networks. Vendors focusing on AI-ready, cybersecure, and hybrid cloud storage solutions are well positioned for future growth.

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