Press release
Mobile Video Surveillance Market Poised to Hit $3.63 Billion by 2029 with Accelerating Growth Trends
Mobile Video Surveillance
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Mobile Video Surveillance Market Size Growth Forecast: What to Expect by 2025?_x000D_
There has been robust expansion in the size of the mobile video surveillance market in the past few years. The market, from its $2.4 billion value in 2024, is projected to escalate to $2.54 billion in 2025, presenting a compound annual growth rate (CAGR) of 5.6%. The significant rise in the historic period can be credited to elements such as the incorporation of analytics and AI, concerns over security and public safety, urbanization and infrastructure advancement, usage in law enforcement and military operations, and security and management of events and crowds._x000D_
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How Will the Mobile Video Surveillance Market Size Evolve and Grow by 2029?_x000D_
The market for mobile video surveillance is expected to significantly expand in the coming years, with a projected value of $3.63 billion by 2029, growing at a compound annual growth rate of 9.4%. This predicted increase during the forecast period is due to factors such as the rising demand for cloud-based platforms, cost savings and scalability benefits, the needs of transportation and logistics management, increasing tendencies of remote work and monitoring, and concerns over security breaches. A major future trend includes integrating IoT and edge computing along with 5g connectivity and high bandwidth, the use of cloud solutions with remote access, mobile application integration and accessibility, as well as hybrid surveillance solutions._x000D_
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What Drivers Are Propelling the Growth of Mobile Video Surveillance Market Forward?_x000D_
The anticipated surge in the mobile video surveillance market can be attributed to an increase in criminal activities. Criminal activities, punishable under the state or country's legal system, include acts classified as crimes that involve physical or mental elements in carrying out the offense. The use of mobile video surveillance is instrumental in detecting criminal activities in public spaces and in recording ongoing public events. As such, an uptick in crime rates is expected to boost the demand for mobile video surveillance solutions. For example, a report by ABC News, a US-based Television network in March 2024, indicated there had been an increase in antisemitic hate crimes by 12.6% in New York City, and anti-Muslim incidents were up 22%. In Los Angeles, antisemitic hate crimes had a 48% upsurge, and anti-Muslim crimes had increased by 40% in the year 2023. These alarming trends continued into early 2024, with the Hate Crime Task Force of NYPD reporting a 12% increase in bias crimes. These statistics underscore the escalating instances of hate crimes against both communities. As such, the necessity to address this increase remains vital. Thus, the intensifying criminal activities are the driving force behind the growth of the mobile video surveillance market._x000D_
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Which Emerging Trends Are Transforming the Mobile Video Surveillance Market in 2025?_x000D_
Advancements in technology are a significant trend in the mobile video surveillance market. Many prominent organizations in this market are aiming to design novel AI multi-directional cameras to solidify their industry standing. To illustrate, in May 2022, Hanwha Techwin, an esteemed video surveillance company from South Korea renowned for its superior optical design and production technology, introduced the first-ever AI multi-directional camera, the PNM-C12083RVD. Notably, this camera provides enhanced object detection and user-friendly features powered by artificial intelligence technology. The use of AI helps minimize false alarms by accurately distinguishing human faces, identifying specific vehicles, and recognizing license plates. Furthermore, it utilizes AI to lessen picture blurriness in low-light situations, thus providing clear images._x000D_
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What Are the Key Segments in the Mobile Video Surveillance Market?_x000D_
The mobile video surveillancemarket covered in this report is segmented - _x000D_
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1) By Offering: Hardware, Software, Service_x000D_
2) By Vertical: Law Enforcement, Industrial, Military And Defense, First Responders, Transportation_x000D_
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones_x000D_
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Subsegments:_x000D_
1) By Hardware: Cameras, Storage Devices, Accessories _x000D_
2) By Software: Video Management Software (VMS), Analytics Software, Cloud Storage Solutions _x000D_
3) By Service: Installation And Setup Services, Maintenance And Support Services, Monitoring Services_x000D_
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Who Are the Key Players Shaping the Mobile Video Surveillance Market's Competitive Landscape?_x000D_
Major companies operating in the mobile video surveillance market include 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, BriefCam Ltd., Uniview Technologies Co. Ltd., Agent Video Intelligence Ltd., Aditya Infotech Ltd, Genetec Inc., Safety Vision LLC, Apollo Video Technology, Maxxess Systems Inc., DynaColor, Webgate, Motorola Solutions, Tiandy Technologies, Dnake, Jovision, Ava Group _x000D_
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What Geographic Markets Are Powering Growth in the Mobile Video Surveillance Market?_x000D_
North America was the largest region in the mobile video surveillance market in 2024. 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_x000D_
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