Latin America Video Surveillance Storage Market Size and Share
| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Size (2025) | USD 210.08 Million |
| Market Size (2030) | USD 278.89 Million |
| CAGR (2025 - 2030) | 5.83% |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Latin America Video Surveillance Storage Market Analysis by Mordor Intelligence
The Latin America Video Surveillance Storage Market size is estimated at USD 210.08 million in 2025, and is expected to reach USD 278.89 million by 2030, at a CAGR of 5.83% during the forecast period (2025-2030).
The market in the region is anticipated to be propelled by an increase in safety requirements in high-risk areas, integration of IoT, and growing acceptance of video surveillance systems.
• The storage of real-time video data generated by surveillance cameras on storage devices is known as video surveillance storage. The integration of storage devices has elevated video surveillance to a significant aspect of security, safety, or monitoring purposes. Using security cameras to observe and document activity within a designated area or location is a crucial function of video surveillance.
• Entrepreneurs and governments in Latin America recognize the significance of CCTV video surveillance in various settings such as cities, banks, businesses, offices, vehicle fleets, security personnel, and stock carts. As a result, there is a growing need to implement CCTV video surveillance systems that ensure uninterrupted operation in all environmental conditions, with video compression and high-speed information transmission. This significantly enhanced security in cities and companies.
• Therefore, the proliferation of surveillance systems in various industries presents a substantial growth prospect for the video surveillance storage market. The rising adoption of cloud-based storage solutions and the imperative to adhere to security regulations are anticipated to fuel the expansion of the video surveillance storage market in the foreseeable future.
• For instance, in June 2023, Rio de Janeiro declared its intention to install a new video surveillance system throughout the city. The acquisition of new cameras, which will be equipped with facial recognition software, number plate readers, and alarm sensors, will initiate the implementation of a comprehensive video surveillance system, marking the next phase in public safety.
• Installing video surveillance systems will encourage the adoption of video surveillance storage systems, as it will assist businesses in comprehending their operations. Such initiatives will undoubtedly enhance the city's security measures and contribute to the overall safety of its citizens, thereby driving the market.
• Venezuela is recognized as one of the most violent nations in Latin America. The country has a long-standing history of class tension, resulting in frequent armed robberies, carjackings, and kidnappings. According to the World Population Review, the country reported a crime rate of 36.69 per 100,000 inhabitants. These circumstances necessitate the government to enhance security and safety measures, including installing video surveillance systems, thereby driving the market.
• The rise in criminal incidents within the area is expected to drive the need for security cameras, hence creating a high demand for video surveillance storage market in the region. According to the data from Ministerio Público (Paraguay) revealed that by June 2023, there were close to 3,000 reported instances of robbery and over 7,000 cases of aggravated robbery in Paraguay. May recorded the highest number of aggravated and common robbery cases, with 1,380 and 597 cases, respectively.
• The market is encountering obstacles from the exorbitant expenses associated with expanding bandwidth and a need for more knowledge regarding the availability of storage systems and technologies. The market's progress needs to be improved by the need for heightened awareness regarding the benefits of video surveillance storage and the sluggish pace of technological advancements.
• The continuous conflict between Russia and Ukraine caused disturbances in the worldwide supply chain, specifically impacting the accessibility and pricing of electronic components and raw materials utilized in the video surveillance storage market. Consequently, this results in production delays and higher expenses for producers. The escalating inflation rates have further raised the prices of products and services, including video surveillance storage. These increased costs are diminishing the buying power of both consumers and businesses, ultimately hindering the expansion of the market.
Latin America Video Surveillance Storage Market Trends and Insights
Solid State Drive (SSDs) is Expected to Register the Fastest Growth in the Market
- Surveillance systems that incorporate solid-state drives (SSDs) for managing operational tasks and live video streams, alongside traditional hard drives for extended data storage, can significantly enhance the overall reliability and efficiency of the system.
- SSDs are recognized for their rapid data retrieval capabilities and absence of moving components, which minimizes the likelihood of mechanical failures. Consequently, they are particularly well-suited for the real-time functionalities of a surveillance system, enabling the processing and display of live video feeds with minimal delay.
- Surveillance solid-state drives (SSDs) offer exceptional speed, enabling rapid retrieval of crucial data, like examining recent footage for security breaches. In situations where space is limited, the compact size and reduced weight of SSDs make them perfect for seamless integration into confined areas without sacrificing efficiency.
- Solid State Drives (SSDs) are also essential for surveillance applications in environments characterized by high temperatures. In contrast to conventional hard drives, SSDs maintain reliable performance even when temperatures surpass 140°F/60°C. This capability renders them highly appropriate for deployment in outdoor enclosures or industrial environments, where sufficient cooling may not be consistently provided.
- Central America is widely recognized as one of the most crime-ridden regions globally, with countries such as El Salvador and Honduras having some of the highest homicide rates. As of 2023, El Salvador recorded a murder rate of 52.02 per 100,000 inhabitants, rendering it the most unsafe country globally for this category of crime.
- Celaya in Mexico has been identified as the most hazardous city for homicides. These factors will augment the increasing demand for sophisticated video surveillance systems and SSDs to tackle the escalating security apprehensions.
Brazil is Expected to Hold Significant Market Share in the Market
- The utilization of video surveillance systems in businesses within the country is experiencing a significant escalation, primarily due to the mounting requirement for physical security in establishments. Installing surveillance systems is necessitated by the amplified need for safety and security against terrorist attacks and the presence of established and emerging players, resulting in a substantial demand for video surveillance storage devices and services.
- The adoption of video surveillance systems in smart city initiatives in the country is expected to be propelled by substantial support from the government. This is expected to create lucrative market opportunities. The video surveillance storage market has been witnessing heightened competition due to the growing number of smart cities project in the country that require video surveillance storage systems for security monitoring and analysis of public areas.
- Smart city technologies are being implemented in Brazil to deliver service and achieve sustainability objectives. The Smart Rio Project, initiated by Rio de Janeiro, aims to modernize public infrastructure and improve public safety by reducing driving accidents and street crime. The Ministry of Justice and Public Security Brazil recently launched a bidding process to procure the Pegasus surveillance software, indicating a potential increase in market demand due to government investments and initiatives.
- In July 2023, Brazil launched the Smart Sampa project, the most recent addition to a series of initiatives that employ contemporary surveillance techniques in several Brazilian states. The project's objective is to implement a unified video surveillance platform that consolidates and facilitates the functions of emergency and traffic services, the city's public transportation system, and law enforcement agencies.
- By 2024, the network is expected to incorporate up to 20,000 cameras, including an equivalent number of third-party and private cameras. Such factors in installing video surveillance systems across the region are expected to drive the demand for storage devices.
- The Government of Brazil has implemented several policies and initiatives to improve public safety and lower crime levels in the country. The "National Public Security Plan" is a significant measure to cut crime rates in half by 2029. In line with this objective, the government has deployed high-definition video surveillance systems in key areas throughout the nation, further supporting the market growth.
- As per the Ministry of Defense (Brazil), in 2023, Sao Paulo reported the highest number of theft-related crimes, excluding vehicle theft, totaling over 500,000 cases. Following closely behind, the second most prevalent crime was robberies, with almost 222,000 occurrences.
Competitive Landscape
The Latin American video surveillance storage market is semi-consolidated, with fewer players occupying a moderate market share. They use various strategies, such as new product launches, joint ventures, expansions, partnerships, and acquisitions, to increase their footprints in this market, leading to high rivalry. Some of the key players include Hangzhou Hikvision Digital Technology Co. Ltd, Dell Technologies Inc., AXIS Communications, Western Digital, Rasilient Systems Inc., and others.
• May 2024: Western Digital announced the introduction of its Purple hard drives. Specifically designed for surveillance purposes, the WDxxPURX drives are tailored to meet the demands of continuous 24x7 operation, much like the WD-AV GP lineup.
• April 2024: Axis Communications recently introduced a novel cloud-based platform called Axis Cloud Connect, aimed at offering clients enhanced security solutions that are both flexible and scalable.
Latin America Video Surveillance Storage Industry Leaders
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Hangzhou Hikvision Digital Technology Co. Ltd.
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Dell Technologies Inc
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Rasilient Systems Inc.
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AXIS Communications
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Western Digital
- *Disclaimer: Major Players sorted in no particular order
Recent Industry Developments
- March 2024: ADATA Technology Co. Ltd revealed its plans to present its latest BiCS5 3D(e)TLC storage solutions, high DWPD SSDs, and high-performance/low-power industrial-grade ECC memory modules such as U-DIMM, SO-DIMM, and R-DIMM. These products have a wide operating temperature range, anti-sulfuration properties, enhanced durability, improved data security measures, moisture-proofing capabilities, and anti-fouling technology.
- December 2023: Seagate Technology Holdings PLC introduced the latest addition to their product line, the Seagate SkyHawk AI 24 TB hard disk drive (HDD) designed specifically for video and imaging applications (VIA). This new release comes after the successful launch of the Seagate Exos X24 24 TB conventional magnetic recording (CMR) hard drive, further catering to the growing demand for mass data storage in the edge security sector.
Latin America Video Surveillance Storage Market Report Scope
Video surveillance storage is a surveillance drive specially designed for recording surveillance video on security systems around the clock.
The study tracks the revenue accrued through the sale of video surveillance storage products and services by various players in the Latin American market. The study also tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates over the forecast period. The study further analyses the overall impact of COVID-19 aftereffects and other macroeconomic factors on the market. The report’s scope encompasses market sizing and forecasts for the various market segments.
The Latin American video surveillance storage market is segmented by product type (storage area network (SAN), network attached storage (NAS), direct attached storage (DAS), video recorders, and services), by deployment (on-premises and cloud), by storage media (solid state drives (SSDs) and hard disk drives (HDDs)), by end-user vertical (retail, BFSI, government and defense, home security, healthcare, media & entertainment, transportation and logistics, education, and others), and by country (Brazil, Mexico, Argentina, and Rest of Latin America). The market sizes and forecasts are provided in terms of value (USD) for the above-mentioned segments.
| Storage Area Network (SAN) |
| Network Attached Storage (NAS) |
| Direct Attached Storage (DAS) |
| Video Recorders |
| Services |
| On-Premises |
| Cloud |
| Solid State Drives (SSDs) |
| Hard Disk Drives (HDDs) |
| Retail |
| BFSI |
| Government and Defense |
| Home Security |
| Healthcare |
| Media & Entertainment |
| Transportation and Logistics |
| Education |
| Others |
| Brazil |
| Mexico |
| Argentina |
| By Product Type | Storage Area Network (SAN) |
| Network Attached Storage (NAS) | |
| Direct Attached Storage (DAS) | |
| Video Recorders | |
| Services | |
| By Deployment | On-Premises |
| Cloud | |
| By Storage Media | Solid State Drives (SSDs) |
| Hard Disk Drives (HDDs) | |
| By End-user Vertical | Retail |
| BFSI | |
| Government and Defense | |
| Home Security | |
| Healthcare | |
| Media & Entertainment | |
| Transportation and Logistics | |
| Education | |
| Others | |
| By Country | Brazil |
| Mexico | |
| Argentina |
Key Questions Answered in the Report
How big is the Latin America Video Surveillance Storage Market?
The Latin America Video Surveillance Storage Market size is expected to reach USD 210.08 million in 2025 and grow at a CAGR of 5.83% to reach USD 278.89 million by 2030.
What is the current Latin America Video Surveillance Storage Market size?
In 2025, the Latin America Video Surveillance Storage Market size is expected to reach USD 210.08 million.
Who are the key players in Latin America Video Surveillance Storage Market?
Hangzhou Hikvision Digital Technology Co. Ltd., Dell Technologies Inc, Rasilient Systems Inc., AXIS Communications and Western Digital are the major companies operating in the Latin America Video Surveillance Storage Market.
What years does this Latin America Video Surveillance Storage Market cover, and what was the market size in 2024?
In 2024, the Latin America Video Surveillance Storage Market size was estimated at USD 197.83 million. The report covers the Latin America Video Surveillance Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Latin America Video Surveillance Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Latin America Video Surveillance Storage Market Report
Statistics for the 2025 Latin America Video Surveillance Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Latin America Video Surveillance Storage analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
