PUBLISHER: The Business Research Company | PRODUCT CODE: 1409620
PUBLISHER: The Business Research Company | PRODUCT CODE: 1409620
“Mobile Video Surveillance Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on mobile video surveillance market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for mobile video surveillance? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The mobile video surveillance market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
Mobile video surveillance pertains to a surveillance system using cellular technology, enabling the live and recorded streaming of video through an integrated motherboard housed within a portable unit. This system facilitates real-time video monitoring and is employed to deter theft, violence, and vandalism.
The primary components of mobile video surveillance include hardware, software, and services. Hardware encompasses the physical elements necessary for computer functionality. Various sectors engaged in this technology include law enforcement, industrial applications, military and defense, first responders, and transportation. Specific applications extend to railways, buses, transport vehicles, police vehicles, and drones.
The mobile video surveillance market research report is one of a series of new reports from The Business Research Company that provides mobile video surveillance market statistics, including mobile video surveillance industry global market size, regional shares, competitors with mobile video surveillance market share, detailed mobile video surveillance market segments, market trends, and opportunities, and any further data you may need to thrive in the mobile video surveillance industry. This mobile video surveillance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 expansion observed in the historical period can be attributed to factors such as integration with analytics and artificial intelligence (AI), concerns regarding security and public safety, urbanization and infrastructure development, applications in law enforcement and military, as well as addressing needs related to 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 anticipated growth in the forecast period can be ascribed to the demand for cloud-based solutions, the pursuit of cost reduction and scalability, advancements in transportation and logistics management, an increase in remote working and monitoring practices, and growing concerns about security threats. Key trends expected during this forecast period encompass integration with IoT and edge computing, the implementation of 5G connectivity and high bandwidth, the prevalence of cloud-based solutions with remote accessibility, the integration of mobile apps, and the adoption of hybrid surveillance solutions.
The mobile video surveillance market is poised for growth, driven by the escalation in criminal activities. Criminal activities, defined as actions prohibited by criminal law that entail physical or mental elements for execution, are serious offenses punishable by state or country law. Mobile video surveillance aids in identifying and capturing crime events in public spaces, as well as streaming live public events. The surge in criminal activities, as reported by the New York Police Department in November 2022, with a 16.5% increase in major felonies compared to October 2021, is contributing to an increased demand for mobile surveillance solutions. Thus, the upswing in criminal activities is a key driver for the mobile video surveillance market.
The growth of the mobile video surveillance market is also expected to be fueled by mounting concerns about cyber-attacks and threats targeting enterprises. Cyber-attacks, attempts to illicitly access computer systems or networks for the purpose of causing damage, have raised awareness about cybersecurity risks. This heightened awareness is driving users and organizations to seek secure mobile video surveillance solutions that prioritize data protection and system integrity. For instance, in September 2023, AAG reported that 39% of UK companies experienced a cyber-attack in 2022, with cybercrime impacting 53.35 million individuals in the first half of 2022 in the US. Consequently, the growing apprehension about cyber threats is a significant factor propelling the mobile video surveillance market.
Technological innovations emerge as a prominent trend, with major companies focusing on the development of advanced AI multi-directional cameras to fortify their market position. Hanwha Techwin, a South Korean video surveillance company, introduced the PNM-C12083RVD in May 2022, marking the first AI multi-directional camera. This camera leverages artificial intelligence technology for advanced object detection and user convenience, reducing false alarms, and distinguishing human faces, specific vehicles, and license plates. The incorporation of AI further enhances image clarity in low-light environments, ensuring clear pictures.
Major companies in the mobile video surveillance market are also introducing innovative products such as video door phones to cater to larger customer bases, boost sales, and increase revenue. A video door phone facilitates visual and audio communication between individuals at a front door or gate and those inside a building. Hangzhou Hikvision Digital Technology Co. Ltd. launched the Eco IP Video Door Phone (VDP) DS KIS302 P Series in April 2022, characterized by a user-friendly touch screen for intuitive control. The product, known for its cost-effectiveness and straightforward installation, requires no dedicated power supply for the doorbell.
In March 2022, Motorola Solutions Inc. acquired Ava Security Limited for an undisclosed amount, reinforcing Motorola's commitment to advancing cloud-based video security technologies. This strategic acquisition positions Motorola to meet evolving security needs, broadening its intelligent video solutions range to enhance safety and optimize operational processes. Ava Security Limited, a UK-based provider of mobile video surveillance, aligns with Motorola's goals in this domain.
Major companies operating in the mobile video surveillance market report are Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd., Axis Communications AB, Bosch Security Systems Inc., Hanwha Techwin Co. Ltd., Avigilon Corporation, Teledyne FLIR LLC, Huawei Technologies Co. Ltd., Seon Design Inc., Pro-Vigil Inc., Strongwatch Corporation, Rosco Inc., BriefCam Ltd., Uniview Technologies Co. Ltd., Agent Video Intelligence Ltd., Aditya Infotech Ltd, Genetec Inc., Safety Vision LLC, Maryland Security Professionals, Apollo Video Technology, Floatograph Technologies LLC, Maxxess Systems Inc., Evolv Technologies, DynaColor, Webgate, Motorola Solutions, Tiandy Technologies, Allegion, Dnake, Jovision, Xiamen Leading Optics Co. Ltd., Ava Group, RFHIC Corporation, Anaren Inc., Tokyo Denki Kagaku Kogyo Kabushiki Kaisha, KYOCERA AVX Corporation, Johanson Technology Inc
North America was the largest region in the mobile video surveillance market in 2023. Asia-Pacific is expected to be the fastest-growing region in the mobile video surveillance market during the forecast period. The regions covered in the mobile video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the mobile video surveillance market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The mobile video surveillance market consists of revenues earned by entities by providing surveillance services such as video recording, storage, and remote viewing technologies, CCTV (closed circuit television) video analytics, CCTV people counting, and CCTV ANPR (automatic number-plate recognition). The market value includes the value of related goods sold by the service provider or included within the service offering. The mobile video surveillance market also includes sales of CCTV cameras, and bullet CCTV cameras which are used in providing mobile video surveillance services. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.