Know the Latest Industry Updates in the Mobile Video Surveillance Market

Know the Latest Industry Updates in the Mobile Video Surveillance Market

Mobile surveillance systems are designed as remote security tools that offer security and data insight for different applications. It has several deployment applications that achieve the same goals in various settings, such as aboard transit surveillance and quick deployment surveillance trailers. Additionally, it frequently has Wi-Fi and remote management capabilities that let you utilize and monitor the device from locations other than its actual location. Because of these properties, a mobile surveillance system is more effective than other video surveillance.

Mobile surveillance security systems are becoming famous as technological developments make appliances better and more portable. The global mobile video surveillance market was valued at USD 2.33 billion in 2022 and is expected to grow to USD 5.28 billion at a CAGR of 8.5% during the forecast period.

Major Growth Driving Factors

  • Rising Use of Software Analytics and AI: The main factor projected to drive the market growth during the estimated period is the significant increase in the use of various advanced software analytics and artificial intelligence across mobile video monitoring systems globally. Intelligent mobile video surveillance systems have grown in popularity and importance and are necessary for maintaining security and safety and spotting trends and patterns.
  • Growing Digitalization of Infrastructure: Networks of cutting-edge intelligent cameras and sensors are heavily used in the expanding number of smart city projects and the digitalization of infrastructure, particularly in emerging economies like China, India, South Korea, and Indonesia. Therefore, the mobile video surveillance market size is projected to benefit from the constantly expanding demand for these intelligent monitoring devices worldwide soon.
  • Increased Demand for Real-time Data: Key factors driving the growth and demand of the global market include the rising popularity of mobile video surveillance systems that enable video to be easily wirelessly streamed from a mobile video surveillance camera to a control center and the high demand for real-time access to surveillance data worldwide.

Top Report Findings:

  • Various government agencies and companies are looking for highly flexible and useful video surveillance technology to offer and provide adequate security from theft, fraud, terrorism, and destruction. This has led to increasing innovations and new product launches by key companies, driving growth in the mobile video surveillance industry.
  • Mobile video surveillance market segmentation is based on application, offering, vertical, and region.
  • The mobile video surveillance industry is highest in the Asia Pacific region.

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Mobile Video Surveillance Market Trends

  • Rising Awareness: Growing public awareness of the benefits of evolved video surveillance software, such as system video content analysis, health management, and video information retrieval, combined with the evolution of several surveillance systems, are predicted to yield high market growth chances quickly over the next few years.

Segment Review

  • Hardware Category Holds Major Share

The hardware sector holds a sizable mobile video surveillance market share because mobile video surveillance systems extensively use storage devices, video encoders, and cameras. Additionally, as the use of IP cameras has grown, many hardware-based developments have been made that enhance security, object tracking, and low-light performance. To launch cutting-edge cameras and other surveillance products, several major market companies are substantially investing in R&D projects. This is accelerating the expansion of the category market.

Transportation Sector Accounts Greatest Market Revenue Share

The industry's expansion is primarily driven by increased harassment, crime, terrorism, vandalism, liability suits, and the growing need to provide surveillance for safe global transit. As a result, the demand for security solutions has grown significantly across many businesses due to security breaches such as criminal activity inventory loss, robbery, illegal activity, and unauthorized access. As a result, the market is expanding quickly.

Geographical Analysis

Asia Pacific: The region's market is primarily attributable to the rising population density in many major cities, high investments in smart city projects in nations like South Korea, China, and India, increased retail chains and small businesses, and supportive government initiatives. Additionally, a large portion of the demand and development is driven by a rapid rise in smartphone adoption due to the region's easy access to fast internet services.

North America: The mobile video surveillance market in North America is anticipated to hold a significant market share throughout the forecast period due to the rising demand for advanced surveillance cameras, mostly from military and defense applications in nations like the United States and Canada. A further factor driving the market in the near future is the rise in the use of surveillance cameras along national and international borders to prevent terrorist and criminal acts.

Recent Developments

  • Bosch Security & Safety Systems unveiled their most recent "MIC IP fusion 9000i 9 mm cameras" in February 2022. These cameras provide the highest level of situational awareness for perimeter-detecting applications. A 9-mm lens provides a 360-degree extended thermal image in less than 30 seconds. It is made of a strong metal, and the coatings and metallurgy offer great protection against corrosion.
  • Axis Communications announced its new collaboration with SecuriThings, a top supplier of IoTOps solutions, in November 2022. Due to this relationship, both businesses will concentrate on streamlining and enhancing the operational management of physical security and safety infrastructure.

Frequently Asked Questions

  • What is the growth rate of the mobile video surveillance industry?
  • What are the key growth-driving factors of the market?
  • Which segment holds the largest market share?
  • Who are the key market players?
  • How much is the mobile video surveillance market worth?

By Offering Outlook

  • Hardware
  • Software
  • Service

By Application Outlook

  • Railways
  • Buses
  • Transport Vehicles
  • Police Vehicles
  • Drones

By Vertical Outlook

  • Law Enforcement
  • Industrial
  • Commercial
  • Military & Defense
  • First Responders
  • Transportation

By Region Outlook

  • North America (U.S., Canada)
  • Europe (France, Germany, UK, Italy, Netherlands, Spain, Russia)
  • Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
  • Latin America (Brazil, Mexico, Argentina)
  • Middle East & Africa (Saudi Arabia, UAE, Israel, South Africa)

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