Press release
Mobile Video Surveillance Market is expected to reach at USD 27 billion by Forecast to 2023
Market Highlights:Mobile video surveillance allows surveillance of a particular area through mobile devices. Mobile video surveillance has gained immense popularity owing to its flexible nature which facilitates remote monitoring of the school buses and trains in transit. This allows better security for school buses which can be monitored easily through mobile devices.
The mobile video surveillance market is segmented on the basis of component, system and application. The system segment comprises of analog video surveillance and IP video surveillance. Analog video surveillance offers no remote accessibility and are quite difficult to integrate into already existing infrastructure. Another restraint about analog video surveillance is that they are labor intensive.
IP Mobile Video Surveillance Market is simple and cost effective in comparison to analog video surveillance. IP video surveillance systems are flexible, resilient, easy to deploy and convenient to manage. Due to wireless support provision, IP video surveillance proves to be a feasible approach for mobile video surveillance.
The mobile video surveillance market is expected to grow at approx. USD 27 Billion by 2023, at 14% of CAGR between 2017 and 2023.
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Major Key Players:
• Seon (Canada)
• Apollo Video Technology (U.S.)
• Mid State Instruments (U.S.)
• Floatograph Technologies, LLC. (U.S.)
• Maxxess Systems, Inc. (U.S.)
• Strongwatch Corporation (U.S.)
• Safety Vision, LLC. (U.S.)
• Rosco Vision Systems (U.S.)
• Maryland Security Professionals (U.S.)
• Briefcam (Israel)
Mobile Video Surveillance Market Segmentation
The mobile video surveillance market has been segmented on the basis of system, component and application. The application segment comprises mainly of transportation, law enforcement, military and government and school transportation. Increasing demand for security is the major purpose for installing mobile video surveillance systems, which allows easy monitoring through mobile devices.
Market Research Analysis:
The mobile video surveillance market, by geography, has been segmented into North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America. In the global mobile video surveillance market, Asia Pacific is anticipated to witness relatively faster adoption and hence the growth rate as compared with other regions.
As compared to other regions, the mobile video surveillance market in North America is expected to witness significant growth during the forecast period. U.S and Canada are anticipated to drive the growth of mobile video surveillance market. This is owing to the presence of large number of established players in video camera market. In addition to this the region also has a well-established infrastructure, which provides higher internet penetration and hence better connectivity while the cameras are in transit.
There is a higher acceptance of video surveillance within the U.S. region. Based on application segment, school buses represent a particularly fertile North American market. The other major factor driving the growth of mobile video surveillance is implementation of these systems in police cars. Whereas in Asia-Pacific region, opportunities for the market are growing particularly in the areas of transit buses and in trains and trams.
Intended Audience:
• Technology investors
• Integrated device manufacturers (IDMs)
• Original equipment manufacturers (OEMs)
• Surface mount component device distributors and providers
• Research/Consultancy firms
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Regional Analysis:
The regional analysis of mobile video surveillance market is being studied for regions such as Asia Pacific, North America, Europe and Rest of the World. It has been observed that North America is estimated to account for the largest share of the market, whereas Asia-Pacific projected to grow at the fastest rate during the forecast period. Owing to larger market size in North America region, there is also higher acceptance for mobile video surveillance. School buses and Police cars represent the largest market share in the North America region.
Table of Contents
1 Market Introduction
1.1 Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.2.2 Assumptions
1.2.3 Limitations
1.3 Market Structure
2 Research Methodology
2.1 Research Type
2.2 Primary Research
2.3 Secondary Research
2.4 Forecast Model
2.4.1 Market Data Collection, Analysis & Forecast
2.4.2 Market Size Estimation
Continued….
List of Tables
Table 1 Mobile Video Surveillance Market, By Component
Table 2 Mobile Video Surveillance Market, By System
Table 3 Mobile Video Surveillance Market, By Application
Continued….
List of Figures
Figure 1 Research Type
Figure 2 Mobile Video Surveillance Market, By Component (%)
Figure 3 Mobile Video Surveillance Market, By System (%)
Continued….
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