Mobile Video Surveillance Market Overview:
The Mobile Video Surveillance Market is valued at around USD 41.61 billion in 2022 and is expected to reach USD 66.35 billion by 2030, registering a CAGR of 6.0% over the forecast period.
In a number of application domains, including transportation, industry, military and defence, and law enforcement, the management of security remotely or offshore has gained momentum. Mobile video surveillance systems are being deployed on a larger scale thanks to the rise in popularity of remote viewing and administration of security cameras in a number of industries, including manufacturing and construction, mining, energy and power, and maritime. With the use of a dependable internet connection and a smartphone, laptop, or tablet, these systems allow end users to virtually anywhere to see and manage security cameras. It is also possible to archive the videos for later viewing. Mobile video surveillance systems are becoming more and more popular in many emerging and developing nations due to the requirement for mobile security and monitoring in police cars and drones.
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Market Growth Analysis:
One major reason propelling the market may be the increasing need for remote video surveillance technologies and systems for real-time security and monitoring at airports, business buildings, transit system cars, warehouses, and homes. Growing demand for intelligent and scalable mobile video surveillance solutions across a wide range of application sectors might be a key factor driving market growth across different geographies. The market is expanding as a result of an increasing number of government agencies and commercial establishments installing mobile video surveillance systems as a defence against fraud and acts of terrorism. Globally, the growing need for intelligent mobile video surveillance solutions is further being driven by the growing security concerns, which are linked to an increase in criminal activity, in school buses, police cars, trams, and drones.
A significant concern that could impede demand is the absence of dependable internet in many nations, particularly in developing and less developed areas. Conversely, it is anticipated that as time goes on, mobile video surveillance hardware solutions will become increasingly affordable. In addition, it is projected that over the projection period, ongoing developments in mobile networks, analytics, and video management software will create new opportunities.
Market Segmentations:
On the basis of offering, the Mobile Video Surveillance Market is bifurcated into:
- Hardware- cameras, storage solutions
- Software
- Services
- others
On the basis of system, the market is segmented into:
- analog video surveillance
- IP video surveillance
- others
On the basis of application, the market segmented into:
- trains and trams
- buses
- transport vehicles
- others
On the basis of industry vertical, the market segmented into:
- transportation
- law enforcement
- industrial
- military and Defence
- others
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Market Regional Analysis:
North America dominated the global Mobile Video Surveillance Market, due to increased awareness of eye disorders, the presence of a strong healthcare infrastructure, and major players like Pfizer, Inc. and Alcon in the area, the market is predicted to develop at the greatest CAGR.
Leading Companies Involved in this Market:
- Dall Meier electronic GmbH and Co.KG
- Co Star Group, Inc.
- Axis Communications
- Hanwha Teach-in Co., Ltd.
- Avigilon Corporation
- FLIR Systems, Inc.
- Hangzhou Division Digital Technology Co., Ltd.
- Apollo Video Technology, LLC
- DTI Corp
- 3xLOGIC, Inc.
- Tyco Ireland Ltd.
- United Technologies Corporation
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