Mobile Video Surveillance Market Scope Report

Global Mobile Video Surveillance Market Highlights Over 2023 - 2033

The global mobile video surveillance market is estimated to garner a revenue of USD 6.0 Billion by the end of 2033 by growing at a CAGR of ~9% over the forecast period, i.e., 2023 – 2033. Further, the market generated a revenue of USD 2.0 Billion in the year 2022. The growth of the market can be attributed to the rising urbanization. According to the data released by the World Economic Forum, 80% of the world's population is anticipated to reside in urban areas by the end of 2050.

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Mobile video surveillance refers to a security solution ideal for different location areas such as construction, special events, and others. It helps to monitor the remote site in real-time with live footage and video feeds recorded at all times.  Moreover, surging awareness for security is expected to drive the growth of the global mobile video surveillance market.  In the year 2019, nearly 775 Million surveillance cameras were installed across the globe.

Global Mobile Video Surveillance Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Smartphone Users–Smartphones are used by the users for the surveillance and it is expected to drive the growth of the global mobile video surveillance market. There are more than 6 Billions number of smartphones users in the year 2020 worldwide.

• Rising Rate of Crime Incidents– The rate of violent crime has increased to nearly 48.30 per 100,000 inhabitants in the United States till 2022

• Increasing Adoption of IOT Devices – There was more than 11 Billion number of active IOT devices in the year 2021.

• Growing Adoption of IP – For instance, 42% of police departments are estimated to use digital tools to facilitate public security and an alternate solution structure, such as live video streaming and shared workflows by 2022.

Challenges

• Lack of Trained Employees to Oversee Security Cameras

• Threat to Privacy

• High Cost for Surveillance Cameras

The global mobile video surveillance market is segmented and analyzed for demand and supply by vertical into institutional, residential, commercial, industrial, border security, and city infrastructure. Out of these, the commercial segment is anticipated to hold the largest share over the forecast period owing to the rising security concern in various places such as malls, transportation, banks, financial institutions, and others. For instance, there were nearly 2165 commercial bank robberies happened in the year 2019 in the United States.

Global Mobile Video Surveillance Market Regional Synopsis

Regionally, the global mobile video surveillance market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the Asia Pacific region is projected to hold the largest market share by the end of 2033 on the back of increasing population percentage, and growth of transportation sector. As per the World Bank, the nearly 80 per cent of the country’ s passenger traffic, and more than 60 per cent of its freight are transported through roads.

Market Segmentation

Our in-depth analysis of the global mobile video surveillance market includes the following segments:

Key Companies Dominating the Global Mobile Video Surveillance Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global mobile video surveillance market that are included in our report are Safety Vision, LLC., Seon, Floatograph Technologies, LLC, Maxxess Systems, Freedom Surveillance, LLC (Strongwatch), Mid-State Instruments, Bosch Sicherheitssysteme GmbH, Axis Communication AB, Pelco, Inc., Pro-Vigil, Inc., and others.

Global Mobile Video Surveillance Market: Latest Developments

• May, 2021: Maxxess Systems announced the partnership with digital watchdog for delivering complete video surveillance solution in order to manage security threats

• March, 2022: Axis Communication AB, announced the launch of new video audio and analytics solutions at ISC West 2022

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

• North America (U.S. & Canada) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC(Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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