Mobile Video Surveillance Market Trends

Global Mobile Video Surveillance Market Overview:

The Mobile Video Surveillance Market Size was valued at USD 2.1 billion in 2022. The mobile video surveillance market industry is projected to grow from USD 2.2764 Billion in 2023 to USD 3.6933 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.40% during the forecast period (2024 - 2032).

The growing popularity of mobile video surveillance systems that allow video to be easily wirelessly streamed through a mobile video surveillance camera to a control center, as well as the global demand for real-time access to surveillance data, are key major market drivers enhancing the market growth driving the global market's growth and demand.

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

Mobile Video Surveillance Market Trends

• 
  

  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.

Mobile Video Surveillance Market Segment Insights:

Mobile Video Surveillance Systems Insights

The Mobile Video Surveillance Market segmentation based on systems includes analog and IP video surveillance. The IP video surveillance segment dominates the Mobile Video Surveillance Market, accounting for more than 36% of the Mobile Video Surveillance Market revenue. The growth of the IP video surveillance segment can be attributed to several factors. First, IP video surveillance systems offer several advantages over analog systems, including higher resolution, improved scalability, and easier integration with other security systems. Additionally, the increasing adoption of cloud-based video surveillance solutions drives growth in the IP video surveillance segment.

September 2021: Hanwha Techwin has introduced a new range of security cameras, the X-Core AI and X-Plus AI series, which use powerful AI and deep-learning technology. AI-based object identification for false alarm reduction analytics, AI-enhanced picture quality, and edge-based business insight are all new cameras' features.

Mobile Video Surveillance Components Insights

Based on components, the Mobile Video Surveillance Market segmentation includes hardware, software, and services. The hardware sector accounted for a significant global market share in 2022 due to the rising usage of video encoders, storage options, and cameras in mobile video surveillance systems. Additionally, as the adoption of IP cameras has grown, a host of hardware-based breakthroughs have emerged, vastly enhancing low-light performance, object tracking, and security. Many major market players heavily invest in R&D to develop revolutionary cameras and other surveillance systems, pushing sector industry expansion. It will likely drive the demand for growing the light market growth.

For Instance, In May 2022, Hanwha Techwin released its new PNM-C12083RVD and PNM-C7083RVD multi-directional cameras with AI capabilities. The new cameras are powered by AI-deep learning

Mobile Video Surveillance Application Insights

The Mobile Video Surveillance Market data has been bifurcated by application into military & defense, government, law enforcement, school transportation, and transit & rail. Over the projection period, the mobile video surveillance market for school transportation held the largest share. With a rise in crime, harassment, liability claims, vandalism-related, and terrorism-related risks, the need for comprehensive transportation monitoring has increased. Inland and seaports are significant transit locations for international trade. Enormous container ships anchor, release their cargo, then depart for fresh new cargo.

The Law Enforcement sector was the second-largest segment for mobile video surveillance in 2022, owing to increased security issues connected to a wide range of applications such as businesses, retail, financial institutions, and banks. Due to security breaches such as inventory loss, criminal activities, robbery, and unauthorized access, numerous sectors have experienced a great increase in the need for security solutions. As a result, the market for mobile video surveillance is quickly expanding.

Figure 2: Mobile Video Surveillance Market, by Application, 2022 & 2030 (USD billion)

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

Mobile Video Surveillance Regional Insights

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 (%)