Cloud storage and video surveillance markets projected to see significant growth

Recent market research from Data Bridge Market Research highlights significant growth projections for both the personal cloud storage and video surveillance sectors.

The personal cloud storage market is expected to reach USD 139.22 billion by 2030, growing from USD 22.87 billion in 2022 at a compound annual growth rate (CAGR) of 25.33%. The market is segmented by revenue type, deployment type, and application, with subscription-based models expected to lead due to continuous access and regular updates.

Simultaneously, the video surveillance market is projected to grow from USD 159.88 million in 2024 to USD 381.94 million by 2032, representing a CAGR of 11.50%. This expansion is driven by increasing demand for AI-powered security and real-time monitoring. The market includes hardware, software, and services, utilizing technologies such as analog, IP, and hybrid surveillance systems.