Mobile Video Surveillance Market

• Growing knowledge of the advantages of advanced video surveillance software to boost the market growth

Rising awareness of the benefits of advanced video surveillance software such as system health management, video content analysis, and video information retrieval, as well as evolutionary transitions in various surveillance systems, are expected to generate high market growth opportunities at a rapid pace in the coming years. However, increased privacy and security concerns associated with video data, particularly in wireless cameras, are expected to hamper global market growth over the study period, as video surveillance is frequently perceived as a violation of privacy, and people fear that their personal information will be leaked or used for illegal purposes.

Another benefit of advanced video surveillance software is its ability to analyze and interpret large amounts of data. With artificial intelligence and machine learning algorithms, video surveillance software can identify patterns and anomalies that may not be apparent to human observers.

However, Furthermore, the expanding number of smart city projects and infrastructure digitization, particularly in emerging economies such as India, China, Indonesia, and South Korea, heavily rely on networks of new intelligent cameras and sensors to arrange system responses, another factor driving the growth of the mobile video surveillance market revenue.

The Global Mobile Video Surveillance Market Industry experiences a surge in demand due to escalating security concerns across various sectors. Organizations are increasingly investing in mobile video surveillance systems to enhance safety measures and deter criminal activities. For instance, law enforcement agencies utilize these systems for real-time monitoring during public events, which has proven effective in preventing incidents. The market is projected to reach 2.68 USD Billion in 2024, reflecting a growing recognition of the need for advanced surveillance solutions. This trend indicates a shift towards proactive security measures, thereby driving the adoption of mobile video surveillance technologies.

By Region, the study provides Mobile Video Surveillance market insights into North America, Europe, Asia-Pacific and Rest of the World. With a revenue share of over 45.80% in 2021, North America dominated the market because, owing to rising demand for advanced surveillance cameras, primarily from military and defense applications in countries such as the United States and Canada. Furthermore, the increased use of surveillance cameras along regional and international borders to curb terrorist and criminal acts will drive the market shortly.

Further, the major countries studied in the market report are: The U.S, Canada, Germany, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Figure 3: Mobile Video Surveillance Market SHARE BY REGION 2022 (%)

Source: Secondary Research, Primary Research, MRFR Database, and Analyst Review

The Asia-Pacific Mobile Video Surveillance Market is expected to grow at the fastest CAGR from 2022 to 2030 due to The increased population density in various major cities, as well as high investments in smart city projects in countries such as China, South Korea, and India, as well as the growing number of retail chains, small businesses, and favorable government initiatives, are major reasons for the region's market growth. Furthermore, a rapid increase in smartphone adoption due to the region's simple availability of broadband internet connections is considerably boosting demand and growth.

Moreover, China's mobile video surveillance market held the largest market share, and India's mobile video surveillance market was the fastest-growing market in the Asia-Pacific regionEurope mobile video surveillance market accounts for the second-largest market share, driven by factors such as the need for enhanced public safety.

In response to increasing threats such as terrorism and crime, governments and public safety organizations invest in mobile video surveillance systems to monitor public spaces, transport networks, and other critical infrastructure. This allows for real-time monitoring of potential threats, enabling security personnel to respond quickly and prevent incidents from escalating.Moreover, UK mobile video surveillance market held the largest market share, and Germany mobile video surveillance market was the fastest-growing market in the region

Major market players are spending a lot of money on R&D to increase their product lines, which will help the mobile video surveillance market grow even more. Market participants are also taking various strategic initiatives to grow their worldwide footprint, with key market developments such as new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the mobile video surveillance industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

One of the primary business strategies manufacturers adopts in the global mobile video surveillance industry to benefit clients and expand the market sector is manufacturing locally to reduce operating costs. In recent years, the mobile video surveillance industry has provided medicine with some of the most significant benefits. In the mobile video surveillance market, major players such as Apollo Video Technology (U.S.), Bosch Security Systems, Seon (Canada), Floatograph Technologies, Maxxess Systems, LLC. (U.S.), and others are working on expanding the market demand by investing in research and development activities.

Safety Vision is a company that provides mobile video surveillance solutions for various industries, including transportation, law enforcement, and public safety. Their mobile video surveillance systems are designed to enhance safety and security by providing real-time monitoring and recording of video footage. For Instance, In January 2023, Safety Vision, LLC released the SafetyNET 5TM (SN 5TM) VMS, a next-generation platform for fleet video management. SN5TM was created from the bottom up as an alternative to conventional video management software, allowing us to give the greatest degree of security while also allowing adding or extending functionality as needs evolve.

Also, Bosch Security Systems is a global provider of mobile video surveillance systems, offering various devices and services aimed at assisting enterprises secure their assets, employees, and consumers. Access control, video surveillance, intrusion detection, fire alarm systems, and audio solutions are among the mobile video surveillance solutions offered by Bosch. For instance, In March 2022, Bosch will showcase new products, services, and software for designing customized solutions that improve security, safety, and data delivery for business insights.

Visitors at the booth will be able to see deep neural network-based video analytics and a new Video Surveillance as a Service (VSaaS) solution.