The global mobile video surveillance market is expected to reach a market valuation of US$ 1.89 billion by the end of the year 2023, accelerating at a CAGR of 11% over the forecast period.
The market for mobile video surveillance is expected to reach a market value of US$ 5.4 billion in 2033. Increasing demand for wireless video surveillance and internet-enabled surveillance cameras will drive market growth.
The market is supported by:
Video surveillance on a mobile device is becoming increasingly popular, owing to its convenience and affordability in the market. Increasingly, companies and organizations are relying on mobile surveillance to perform remote operations. In addition to increasing safety and security, mobile video surveillance helps prevent crime and collect evidence. Furthermore, mobile video surveillance also monitors and tracks employees, customers, inventory, buildings, and stolen items with the logic of surveillance.
Using newer technologies such as facial recognition, automated alerts, and analytics capabilities, mobile video surveillance is likely to get even more advanced in the future. This enhanced feature will allow users to take proactive security measures that are tailored to each individual's needs. Mobile video surveillance can provide companies and organizations with more insight into their operations and help them make better decisions. In the coming years, mobile video surveillance is expected to continue growing in popularity as it offers numerous advantages, and it's expected to increase in popularity in the future
United States citizens are increasingly using mobile video surveillance for security purposes. To prevent crime and provide evidence, security cameras are often used in remote or temporary locations. These devices are usually weatherproof and can capture high-quality video in low-light conditions. Mobile video surveillance systems include pole cameras, trailers, and time-lapse video cameras. Business owners, construction sites, and event organizers can choose from a variety of mobile video security and remote surveillance solutions offered by companies like Birdseye and Mobile Video Guard. These companies offer simple, straightforward pricing models that are ideal for protecting personal property and keeping it secure.
For instance, PureTech Systems has provided the USA Border Patrol with the next phase of its Mobile Video Surveillance System (MVSS) program. New deliveries, which consist of telescoping surveillance payloads mounted on ruggedized Ford F-150 trucks, are deployed in San Diego, California, and supported by mobile video surveillance at a distance of up to six miles. Puretech Systems developed the integrated mobile surveillance solution with Benchmark Electronics for tracking and identifying Items of Interest (IOI) on the USA southwest border and other remotely deployed surveillance scenarios. Several other systems are already deployed along the Texas border with the most recent mobile video surveillance solution.
Key companies are working on capturing the mobile video surveillance market to gain a greater market share. Some of these companies include Axis Communications AB, Bosch Security Systems GmbH, Zhejiang Dahua Technology Co., Ltd., FLIR Systems Inc., Avigilon Corporation, Pelco Corporation, Hanwha Techwin Co., Ltd., and others.
Businesses can make their processes more efficient and effective by using mobile video surveillance systems to monitor their operations in real time. Due to the lack of a fixed infrastructure requirement, mobile video surveillance is a more cost-effective alternative to CCTV. Moreover, it is easily transportable, which brings greater flexibility and efficiency to the process.
| Data Points | Key Statistics |
|---|---|
| Estimated Base Year Value (2022) | US$ 1.75 billion |
| Expected Market Value (2023) | US$ 1.89 billion |
| Anticipated Forecast Value (2033) | US$ 5.4 billion |
| Projected Growth Rate (2023 to 2033) | 11% CAGR |
Significant changes have shaped the security industry throughout the last decade, and more exhilarating innovations are to be expected in the coming years. Emerging technologies and applications such as multi-dimensional perception, low light imaging, UHD, artificial intelligence, and cloud technology, are opening up new possibilities in the field of security.
The mobile video surveillance market is expected to show major growth during the forecast period owing to the concerns related with safety and security across various industries coupled with the increasing demand for real-time surveillance. Real-time video display is a primary selling point for remote and mobile monitoring.
Apart from real time surveillance, in some camera the videos are even recorded which can be viewed later as per the convenience of the user.
Remote monitoring and mobile surveillance offer the convenience of on-the-go, real-time access to live camera installed at the location so the user can check up at any time, be it day or night. The market is being driven by increasing adoption of smart camera systems and the growing adoption of video analytics which is expected to further drive the growth of mobile video surveillance market.
The market is majorly driven by the increase in demand for video management software solutions across domestic and commercial applications. The major factors responsible for driving the growth of mobile video surveillance market include, increasing car accidents, theft on buses, driver supervision in cabs, and real time alarm in case of emergencies.
Growing adoption of IP cameras coupled with increasing concerns for public safety and security is anticipated to drive the demand for mobile video surveillance software and solutions. Moreover, rising demand for scalable and intelligent mobile video surveillance solutions, improved infrastructure and deployment capabilities is further expected to drive the market growth.
Furthermore, growing adoption of connected devices, such as laptops, smartphones, and smart devices, across several residential and commercial applications is anticipated to contribute to the growth of mobile video surveillance market.
With the emergence of artificial intelligence, there has been a growth in mobile video surveillance market. Conventionally in order to monitor the security footage, a couple of security guards would have to sit behind the screen and browse through different video streams.
However, today with Artificial Intelligence (AI) technology, the video management software is capable of analyzing images and audio from video surveillance live streams and recordings, and that too with a speed of hundred times faster than humans. AI is also being used in retail management, crowd management, and license plate recognition, among other applications associated with the mobile video surveillance market.
Increasing concerns regarding the safety of public and security, rising demand for wireless cameras, and growing adoption of IP cameras, are some of the major factors driving the growth of the mobile video surveillance market. However, violation of privacy happens to be one major factor responsible for hampering the market growth.
Moreover, factors such as higher initial costs and privacy issues related to the usage of data provided by these systems are anticipated to restrain the growth of mobile video surveillance market.
Key players such as
are actively involved in offering Mobile Video Surveillance for different applications across industries.
The mobile video surveillance providers are carrying out different expansion and innovation strategies for increasing their market share in the global mobile video surveillance market. Key players are entering into partnerships with other major players to expand their geographic presence in order to meet the increasing demand for Mobile Video Surveillance.
Companies such as Axis Communications, Bosch Security Systems, and Hikvision have adopted this strategy to expand their customer base and enhance their product portfolio.
Along with product innovations, implementations and expansion, major companies operating in the market are also focused on collaborations and partnerships with other major players in the market in order to offer advanced solutions and services to the end users.
Mobile video surveillance is increasingly being adopted across various industries, such as transportation, manufacturing, law enforcements, and defense, among others. Security is a prerequisite for increasing productivity and maintaining quality standards at any industrial facility. In order to maintain this, there has been a rise in demand for mobile video surveillance across industrial and manufacturing facilities.
Deployment of mobile video surveillance has helped in ensuring the safety of workers, security against thefts, improved quality checks, and avoiding false liabilities.
Apart from industrial and manufacturing, transportation industry is another vertical which is expected to hold a major share of the mobile video surveillance market over the forecast period. With an increase in crime rates, vandalism, harassment, and threats related to terrorism, there has been a growing need for surveillance in the general transportation system.
Sea ports have also become an important transit point for trading of international goods. Mobile video surveillance systems can be implemented across the seaports for monitoring all activities and ensuring proper quality checks along with safety and security.
Asia Pacific region is anticipated to offer ample growth opportunities for major players in the market to capitalize on. The growth is primarily attributed towards the rising adoption of new surveillance technologies, driven by terrorism related threats in the region.
Furthermore, the constant rise in demand for mobile video surveillance systems in the transportation industry vertical happens to be one of the major factors driving the market growth. Additionally, factors such as increasing crime activities and growing terrorism, increased government spending on security equipment and growing initiatives to implement security cameras across public places is further expected to drive the growth of mobile video surveillance market in the region.
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