Global Mobile Video Surveillance Market

Mobile Video Surveillance Market Size, Share, Growth Analysis, By Offering(Hardware, Software, and Service), By Application(Rains and Trams, Buses, Transport Vehicles, Police Cars), By Vertical(Transportation, Law and Enforcement, Industrial and Military and Defense), By Region - Industry Forecast 2024-2031


Report ID: SQMIG15F2183 | Region: Global | Published Date: March, 2024
Pages: 186 | Tables: 92 | Figures: 74

Mobile Video Surveillance Market Dynamics

Drivers

  • Growing Security Concerns

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 Need for Remote Surveillance

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

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.

 

  • High Cost of Initial Investment

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.

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FAQs

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).

The competitive environment of the 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 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. 'Bosch Security Systems Inc. (Germany)', 'Hanwha Techwin Co. Ltd. (South Korea)', 'Axis Communications AB (Sweden)', 'Honeywell International Inc. (US)', 'Panasonic Corporation (Japan)', 'Avigilon Corporation (Canada)', 'FLIR Systems Inc. (US)', 'Tyco International Ltd. (Ireland)', 'Genetec Inc. (Canada)', 'March Networks Corporation (Canada)', 'Huawei Technologies Co. Ltd. (China)', 'Zhejiang Uniview Technologies Co. Ltd. (China)', 'CP Plus International (India)', 'Uniview Technologies Co. Ltd. (China)', 'Pelco Inc. (US)', 'VIVOTEK Inc. (Taiwan)', 'IDIS Co. Ltd. (South Korea)', 'Agent Video Intelligence Ltd. (Israel)'

Growing Security Concerns

Rise in Rate of Urbanization: Growing demand for smart city initiatives is a key driver in the mobile video surveillance market. As urbanization increases, cities are investing in advanced surveillance technologies to improve public safety and infrastructure. Mobile video surveillance solutions integrated into smart city systems enable real-time monitoring, traffic management and incident response. For example, in November 2023, Motorola Solutions unveiled the LTE-enabled V500 body camera, the latest addition to the company’s mobile video portfolio that brings real-time field intelligence critical to emergency response V500 body camera first responds to video & location of control room Enables streaming, which gives incident managers a better understanding of incidents and helps them respond faster & more efficiently.

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 mobile video surveillance market. Leading technology companies, research institutes and start-ups driving advances in camera surveillance devices, video analytics and wireless communication solutions.

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Global Mobile Video Surveillance Market

Report ID: SQMIG15F2183

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