Press release
Mobile Video Surveillance Market Competitive And Growth Analysis 2024 | Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd., Axis Communications AB
"The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.Mobile Video Surveillance Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.
The Market Size Is Expected To Reach $3.34 billion In 2028 At A CAGR Of 8.0%.
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 growth in the historic period can be attributed to integration with analytics and ai, security concerns and public safety, urbanization and infrastructure development, law enforcement and military applications, 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 growth in the forecast period can be attributed to demand for cloud-based solutions, cost reduction and scalability, transportation and logistics management, rise in remote working and monitoring, security concerns and threats.. Major trends in the forecast period include integration with iot and edge computing, 5g connectivity and high bandwidth, cloud-based solutions and remote accessibility, mobile app integration and accessibility,hybrid surveillance solutions..
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Mobile Video Surveillance Market Major Segments
The mobile video surveillance market covered in this report is segmented -
1) By Offering: Hardware, Software, Service
2) By Vertical: Law Enforcement, Industrial, Military and Defense, First Responders, Transportation
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones
Key Driver - Surging Criminal Activities Fuel Growth In The Mobile Video Surveillance Market
Rising criminal activities are expected to propel the mobile video surveillance market going forward. Criminal activities refer to an act of crime that is prohibited by criminal law and that consists of the manifestation of physical behavior or mental elements to execute the crime. It is a serious, punishable offence under the law of the state or country. Mobile video surveillance helps to find crime events in public places and also captures live public events, thus, a rise in criminal activities will accelerate the demand for mobile surveillance solutions. For instance, in November 2022, according to the New York Police Department, a US-based municipal law enforcement agency, in the USA, a total of 4,367 arrests were made for complaints of major felonies in October 2022, which was a 16.5% increase in major felonies compared to October 2021. Therefore, the rising criminal activities are driving the mobile video surveillance market.
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Prominent Trend - Tech Innovations Drive Growth In The Mobile Video Surveillance Market
Technological innovations are a key trend gaining popularity in the mobile video surveillance market. Major companies operating in the mobile video surveillance market are focused on developing new AI multi-directional cameras to strengthen their market position. For instance, in May 2022, Hanwha Techwin, a South Korean-based video surveillance company with the best optical design and manufacturing technology, launched the first artificial intelligence (AI) multi-directional camera, the PNM-C12083RVD. The unique feature is that it provides advanced object detection and user convenience based on artificial intelligence technology. The AI-based features allow for the reduction of false alarms and distinguish human faces, identify particular vehicles, and recognize license plates. It uses AI to reduce image blurriness in low-light environments, resulting in clear pictures.
Mobile Video Surveillance Market Players
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. .
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Largest And Fastest Growing Region In The Market
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 Table Of Content For The Market Report Include:
1. Executive Summary
2. Mobile Video Surveillance Market Report Structure
3. Mobile Video Surveillance Market Trends And Strategies
4. Mobile Video Surveillance Market - Macro Economic Scenario
5. Mobile Video Surveillance Market Size And Growth
…..
27. Mobile Video Surveillance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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