Report: Legislation to have a significant impact on video storage market globally

According to IHS, legislative changes around the globe are going to have a substantial impact on the market for enterprise data storage in video surveillance. As a result, the global market for enterprise and IP storage used for video surveillance is expected to see strong growth – from just over $1.5 billion this year to nearly $2.5 billion in 2017.

According to Sam Grinter, a market analyst for IHS Technology, Germany has increased the maximum retention time for video surveillance from 24 hours to 48 hours, effectively doubling the maximum capacity requirement of video surveillance data storage systems. In addition, under legislation passed last year, all establishments in the Andhra Pradesh state of India where a gathering of 100 or more people is expected are now required to provide video surveillance.

Vendors say that end users are also now placing greater value on their video surveillance data due to the fact that it is increasingly being used for business intelligence applications, as well as for defense evidence in lawsuits.

“Network attached storage (NAS) is forecast to increasingly compete with storage area network (SAN) solutions. Technological development of NAS is making it more comparable, in terms of performance, with SAN. NAS is also typically more cost effective to install and maintain compared to SAN. With price being a major factor in the buying decision of video surveillance, IHS forecasts strong growth for NAS solutions over the next three years,” Grinter said in a research note.