IMS Research says it has identified “huge potential” for external storage used for video surveillance.
In a new study, ‘World Market for External Storage Used for Video Surveillance,’ IMS forecasts that by 2012 this market will be worth over $750 million.
It forecasts that in 2012, a total of 3.3 exabytes* of storage will be needed to store video from new surveillance deployments.
“This is a phenomenal amount of data and external storage will play a key role in managing this information,” says the report.
Market Analyst, Alastair Hayfield said: “As more and more video surveillance moves onto the network and end-users specify higher resolution cameras and longer retention times, the need for additional storage capacity is sky rocketing.”
The report says DVRs provided a step change in terms of capacity and recording quality when compared to analogue recording systems. But even some modest projects today required more storage capacity than can be provided by a DVR. This was particularly noticeable where end-users wanted to significantly expand their systems or upgrade to higher resolution cameras.
External storage appliances, and in particular SANs (Storage Area Networks), were likely to be the next step forward in the evolution of video surveillance storage.
IP SANs offered improved scalability, storage reliability and retention, says the report. When more capacity is required, a storage appliance can be plugged into the network. End-users can scale performance and capacity separately. Because the processing power needed to manage the storage is no longer carried out by the NVR or DVR, fewer NVRs or DVRs are required to manage the same number of cameras.
“Currently, this market is served by a handful of companies from the video surveillance and IT industries. With the rapid growth seen in the network video surveillance market, it is likely that more storage companies will move into this space either by themselves or by partnering with existing video surveillance equipment vendors,” says the report.
– An exabyte is a unit of computer memory equivalently equal to 1024 petabytes. One petabyte is equivalent to 1,000 terabytes.
– Information: www.imsresearch.com
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From my personal opinion, I think the CCTV data storage industry does have its prospects. This is in view of the massive amount of image data that the CCTV captures on a daily basis. For my automobile dashboard camera, I currently have to keep deleting old data from previous days because the internal storage is too small. Therefore, I can visualize how tiresome it would be for CCTV footages which would definitely be of a bigger size than my dashcam.