USD 6.48 billion
Report ID:
SQMIG15F2183 |
Region:
Global |
Published Date: March, 2024
Pages:
186
|Tables:
92
|Figures:
74
Global Mobile Video Surveillance Market size was valued at USD 6.48 billion in 2022 and is poised to grow from USD 7 billion in 2023 to USD 12.96 billion by 2031, growing at a CAGR of 8% in the forecast period (2024-2031).
Industries undergo digital transformation to increase productivity and competitiveness. Advances in camera technology, video analytics, artificial intelligence (AI), and communications have dramatically improved the capabilities of mobile video surveillance. High-definition, real-time cameras search, and smart features help improve the search. Demand for real-time monitoring capabilities and remote streaming of video feeds is contributing to the growth of the mobile video surveillance industry.
The major factor driving the market is the demand for remote video surveillance technology and systems for real-time and secure surveillance in airports, commercial buildings, public transport, warehouse and homes. Widely used, growing preference for cloud-based video surveillance solutions and increasing number of commercial organizations and government buildings are using mobile video surveillance systems to create protection against fraud and terrorism which will boost the mobile video surveillance market.
Global Market Size
USD 6.48 billion
Largest Segment
Railway
Fastest Growth
Growth Rate
8% CAGR
To get more reports on the above market click here to Buy The Report
Based on offering, the mobile video surveillance market can be segmented into hardware, software and service. Based on application, the mobile video surveillance market can be segmented into trains and trams, buses, transport vehicles, police cars and drones. Based on vertical, the mobile video surveillance market can be segmented into transportation, law and enforcement, industrial and military and defense. By region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World.
Analysis by Application
The drone segment is dominating at a substantial CAGR during the forecast period, mainly accelerated by easy-to-use drones and integration of drones into a wide range of command, control, communications, intelligence, surveillance and reconnaissance systems. It has very flexible protection and operating systems with high strategic capability and can perform missions like mountain search and rescue, military support intelligence mission, lawful traffic surveillance etc., as a result drones are gaining traction high and contributes to the growth of the market significantly.
Furthermore, the railway segment is expected to grow significantly with reasonable growth in the coming years. The growth of the market segment can be attributed to the ever increasing need to provide a higher level of safety for passengers and cargo, improve railway infrastructure. Apart from that, expansion and increased demand for risk and concern related reducing unauthorized access to platforms also boosts the market.
Analysis by Vertical
The travel segment held most of the market share in terms of revenue in 2022 and is expected to maintain its position throughout the forecast period Crime, harassment, vandalism, terrorism, liability litigation goes away high and increasing importance to ensure effective mobility around the world.
On the other side, the commercial segment led the mobile video surveillance market in 2022, mainly due to increased number of security concerns related to applications of company, retail, financial institutions and banks loss of goods, criminal activity, theft and illegal access. Security breaches have dramatically increased the need for security solutions in various industries, and in turn, for mobile video surveillance the market is growing rapidly.
To get detailed analysis on other segments, Request For Free Sample Report
North America holds the largest market share in terms of revenue and is expected to remain dominant over the forecast period, owing to high adoption of advanced technologies and growing security concerns in the region. North America, especially the United States, acts as a major hub for technological innovation in the global mobile video surveillance market. Leading technology companies, research institutes and start-ups driving advances in camera surveillance devices, video analytics and wireless communication solutions.
Asia-Pacific witnesses' rapid urbanization and infrastructure growth, requiring the use of mobile video surveillance solutions to drive public safety, traffic safety and infrastructure management ahead Countries such as China, India and Southeast Asian countries are investing heavily in smart cities, creating huge opportunities for care technology providers. The market in Asia-Pacific is expected to show impressive growth, owing to the demand for mobile video surveillance during the forecast period, especially in China and India Asia-Pacific mobile video surveillance market witnesses an internal growth is difficult due to overlapping factors. Against the backdrop of rapid urbanization, growing public safety concerns, and expanding smart city initiatives driving demand for mobile video surveillance solutions, regional mobility increasing systems, technological advances and increasing security awareness are further accelerating the pace of adoption.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Drivers
The increasing global security concerns reflecting the increasing threats such as terrorism, crime and public safety issues is a major factor driving the mobile video surveillance market. Organizations and authorities should use mobile surveillance solutions to consume addressing evolving security challenges, providing real-time analysis, enhanced situational awareness and the ability to react quickly. The flexibility and mobility offered by mobile surveillance addresses dynamic security needs, making these systems essential for strengthening security systems across industries.
Growing demand for remote surveillance and surveillance solutions is a major factor driving the mobile video surveillance market. Industries such as transportation, law enforcement, and construction require real-time video surveillance to enhance safety and security at various locations. Rapid urbanization and infrastructure development, especially in developing countries, is driving the adoption of mobile video surveillance systems This system plays an important role in construction sites, public areas and managing transport networks to reduce safety risks and ensure their effectiveness.
Restraints
Privacy and security concerns related to video data from wireless cameras significantly restrain the mobile video surveillance market. Users and organizations need to be extra vigilant about potential breaches and unauthorized access to sensitive video, making them reluctant to adopt mobile surveillance solutions to address these concerns, the need for strong encryption, secure data transmission, and compliance with strict privacy regulations is paramount. Striking a balance between effective surveillance flexibility and protecting individual privacy is essential to overcome this limitation and drive adoption of mobile surveillance technologies in photography wireless devices are more atomized.
The high initial investment required to implement mobile video surveillance infrastructure including cameras, software, and network infrastructure acts as a restraint to market growth. For organizations with budget constraints, the cost of implementing advanced analytical solutions can be prohibitive, slowing the adoption rate.
Request Free Customization of this report to help us to meet your business objectives.
The competitive environment of the Global Mobile Video Surveillance Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. The global mobile video surveillance market follows a competitive scenario characterized by a mix of established players, start-up companies, and new technologies. Hanwha Techwin Co., Ltd.: Hanwha Techwin is a leading provider of mobile video surveillance solutions, offering advanced cameras, recorders and software platforms. The company’s expertise lies in providing high-quality, reliable monitoring solutions to meet the needs of transportation, law enforcement and public safety applications.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The demand for mobile video surveillance in emergency situations is expected to rise sharply owing to its important role in situational awareness and operational efficiency enhancement. Real-time video feeds are an essential tool for emergency services including police, firefighters and paramedics. Assist mobile video surveillance with post-incident investigations, evidence collection and incident documentation.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 6.48 billion |
Market size value in 2031 | USD 12.96 billion |
Growth Rate | 8% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
|
Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Mobile Video Surveillance Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mobile Video Surveillance Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mobile Video Surveillance Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mobile Video Surveillance Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.
Report ID: SQMIG15F2183
sales@skyquestt.com
USA +1 351-333-4748