The Mobile Video Surveillance by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s Mobile Video Surveillance, The mobile video surveillance market size has grown strongly in recent years. It will grow from $2.29 billion in 2023 to $2.46 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. The growth in the historic period can be attributed to integration with analytics and ai, security concerns and public safety, urbanization and infrastructure development, law enforcement and military applications, event security and crowd management.
The mobile video surveillance market size is expected to see strong growth in the next few years. It will grow to $3.34 billion in 2028 at a compound annual growth rate (CAGR) of 8.0%. The growth in the forecast period can be attributed to demand for cloud-based solutions, cost reduction and scalability, transportation and logistics management, rise in remote working and monitoring, security concerns and threats. Major trends in the forecast period include integration with iot and edge computing, 5g connectivity and high bandwidth, cloud-based solutions and remote accessibility, mobile app integration and accessibility, hybrid surveillance solutions.
Rising criminal activities are expected to propel the mobile video surveillance market going forward. Criminal activities refer to an act of crime that is prohibited by criminal law and that consists of the manifestation of physical behavior or mental elements to execute the crime. It is a serious, punishable offence under the law of the state or country. Mobile video surveillance helps to find crime events in public places and also captures live public events, thus, a rise in criminal activities will accelerate the demand for mobile surveillance solutions. For instance, in November 2022, according to the New York Police Department, a US-based municipal law enforcement agency, in the USA, a total of 4,367 arrests were made for complaints of major felonies in October 2022, which was a 16.5% increase in major felonies compared to October 2021. Therefore, the rising criminal activities are driving the mobile video surveillance market.
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The mobile video surveillance market covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Vertical: Law Enforcement, Industrial, Military and Defense, First Responders, Transportation
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones
Top Major Players:
North America was the largest region in the mobile video surveillance market in 2023.
Technological innovations are a key trend gaining popularity in the mobile video surveillance market. Major companies operating in the mobile video surveillance market are focused on developing new AI multi-directional cameras to strengthen their market position. For instance, in May 2022, Hanwha Techwin, a South Korean-based video surveillance company with the best optical design and manufacturing technology, launched the first artificial intelligence (AI) multi-directional camera, the PNM-C12083RVD. The unique feature is that it provides advanced object detection and user convenience based on artificial intelligence technology. The AI-based features allow for the reduction of false alarms and distinguish human faces, identify particular vehicles, and recognize license plates. It uses AI to reduce image blurriness in low-light environments, resulting in clear pictures.
The mobile video surveillance market report table of contents includes:
1. Executive Summary
2. Mobile Video Surveillance Market Characteristics
3. Global Mobile Video Surveillance Market Trends And Strategies
4. Mobile Video Surveillance Market – Macro Economic Scenario
5. Global Mobile Video Surveillance Market Size and Growth
…….
26 Mobile Video Surveillance Market Competitive Benchmarking
27. Global Mobile Video Surveillance Market Competitive Dashboard
28. Key Mergers and Acquisitions Mobile Video Surveillance Market
29. Mobile Video Surveillance Market Future Outlook and Potential Analysis
30. Appendix
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