Worth a read: https://cfotech.com.au/story/exclusive-wasabi-s-surveillance-cloud-adoption-thrives-in-apac-region
The company’s internal research, supported by third-party analysis, reveals that cloud storage for surveillance is expected to grow at a compound annual growth rate of 42% from 2023 to 2027. This is in stark contrast to the 15% growth rate predicted for on-premise storage over the same period.
Despite the current landscape, where 80% of surveillance data remains on-premise, Sandes sees an imminent shift. “We see enormous opportunities as the market shifts from on-prem to cloud storage in the surveillance world,” he says.
“This transition has already happened in general IT, and the surveillance industry is now catching up.”