Mobile Video Surveillance Market Forecast by Key Players: Axis Communications, Bosch Security Systems, Cisco Systems Inc., Honeywell International Inc., Avigilon, Advantech, Tyco International, Hanwha Techwin, Infinova and United Technologies
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Growing demand for increasing vehicular safety and the deployment of comprehensive surveillance solutions provides significant opportunities to the mobile video surveillance market. Advantages of deploying such equipment include continuous monitoring, reduces the unauthorized use of the vehicles, control fuel costs by abolishing unapproved journeys and enhance the overall vehicle security. In order to reduce losses, various organizations are increasingly focusing on integrating such advanced mobile technologies and systems. The surge in transition from analog to IP based surveillance solutions is proving impetus to the industry growth.
The mobile video surveillance market is segmented on the basis of component, application and region. Based on component, the industry is classified into hardware, software and service. Hardware components are further classified into mobile recorders, cameras and storage recorders and other devices. Increasing penetration of mobile recorders can be attributed to the advantages offered such as clear & high-quality videos resulting in optimized network performance. Factors such as declining cost, easy availability and affordability of the hardware components lies significant opportunities for the mobile video surveillance market growth. Increasing terror attacks and crime rates worldwide is compelling the authorities to adopt such surveillance solutions, further contributing to the industry demand.
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Based on applications, mobile video surveillance market is classified into law enforcement, industrial, military & defense and transportation. Concerns associated with safety & security in public transportation systems led to the increasing deployment of such systems in transport vehicles, trains & trams and buses. Surge in demand for improvement in infrastructure across the industry verticals gives rise to the deployment of scalable and advanced surveillance systems. Moreover, law enforcement applications are anticipated to witness significant growth over the forecast timeline. It can be credited to the rising adoption of such systems by law enforcement institutions to reduce the ever-increasing crime rates due to the advantages such as enhanced performance, reliability and streamlining several operations.
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