Mobile Video Surveillance Market Overview:
As businesses grow and individuals are at home less often, the concern for safety arises. In terms of businesses, safety is required so as to prevent pilferage and theft. In the case of private residences, safety is required against intruders and for asset protection. With the development of IT services and products, it has become easier and more effective to manage security of any environment with ease. In recent times, due to rise in the level of crime rates installation of mobile surveillance systems has become even more necessary.
According to the findings of an MRFR report, the Mobile Video Surveillance Market is growing rapidly over the rate of 14% CAGR and is expected to reach at approximately USD 27 billion by the end of forecast period. Due to the availability of IP cameras this sector has experienced a surge in the level of demand. These cameras provide various benefits such as operation of a WiFi network, secure data transmission, remote accessibility and no specific requirement of a dedicated power source. Mobile surveillance has also made it possible to monitor any site or environment from anywhere in the world and provides safety with least level of investment in manpower to do the same task.
The rise of smartphones has also added to the growth of this market. As most of the mobile surveillance systems nowadays have mobile apps it has become that much simpler to carry out surveillance activities. These apps are also iOS and android compatible and allow monitoring of multiple location and also have the facility of advanced notifications if any abnormal activity is detected.
The factors responsible for expansion in this sector are increasing security concerns for private and public places, rising demand for cloud based security systems, better functionality of IP cameras at lower cost and improvements in infrastructure. However, there are certain factors that are limiting the growth of this market such as privacy issues related to the data collected by these devices and their susceptibility to getting hacked.
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Major Key Players:
- Seon (Canada)
- Rosco Mirrors (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)
Latest Industry News
6th November 2017 BCE Inc has finalized a deal worth $166-million to acquire AlarmForce Industries Inc. They are planning to bundle their services together to their home and business security monitoring customer
Mobile Video Surveillance Market – Competitive Analysis
With the entry of new industry players in the global mobile video surveillance segment, a trend of solid, volume-driven growth has been observed in the market with the addition of new and advanced product types in the segment. Companies are aiming to capture & solidify their share of the market segment, by competing and experimenting with various advantage points. The best long-term growth opportunities for this sector can be captured by ensuring ongoing process improvements and financial flexibility to invest in the optimal strategies. Effective planning is essential in terms of business development so as to gain maximum returns on investment.
Mobile Video Surveillance Market – Segments
Mobile video surveillance market can be segmented on the basis of following:
By Component: Hardware, Software Services
By System: Analog Video Surveillance IP Video Surveillance
By Application: Military & Defense, Law Enforcement, School Transportation, Government, and Transit & Rail
By Geography:North America, Europe, Asia Pacific, Middle East and Africa (MEA), and South America
Mobile Video Surveillance Market – Regional Analysis:
In the global mobile video surveillance market, Asia Pacific is anticipated to witness relatively faster adoption and hence a higher growth rate as compared with other regions. The mobile video surveillance market in North America is set to witness significant growth during the forecast period, U.S and Canada are anticipated to drive the growth of mobile video surveillance market. Due 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 also 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.
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Table of Contents
1 Market Introduction
1.2 Scope of Study
1.2.1 Research Objective
1.3 Market Structure
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
List of Figures
Figure 1 Research Type
Figure 2 Mobile Video Surveillance Market, By Component (%)
Figure 3 Mobile Video Surveillance Market, By System (%)
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