Mobile Video Surveillance Market Projected at $3.7 Billion by 2029 | Strategic Insights and Forecast Data
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#How Has the Mobile Video Surveillance Market Size Changed, over the years?#_x000D_
The size of the mobile video surveillance market has experienced substantial growth recently. It’s projected to expand from $2.4 billion in 2024 to $2.56 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. Factors contributing to this growth in the historical period include the integration of analytics and AI, concerns about security and public safety, urban development and infrastructure expansion, applications in law enforcement and military, and uses for event security and crowd management._x000D_
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#How Much Will the Mobile Video Surveillance Market Be Worth in 2029?#_x000D_
In the coming years, the mobile video surveillance market is anticipated to witness robust growth, reaching $3.7 billion by 2029, with a compound annual growth rate (CAGR) of 9.7%. This surge throughout the forecasted period can be credited to the increasing demand for cloud-based services, cost effectiveness and scalability, improvements in transportation and logistics management, upsurgence in remote work and surveillance, and escalating security issues and threats. The forecast period is also expected to see prime trends such as IoT and edge computing integration, 5G connectivity and increased bandwidth, prominence of cloud-based services and remote access, mobile app incorporation and accessibility, and hybrid surveillance solutions._x000D_
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#Which is the Largest Company in the Mobile Video Surveillance Market?#_x000D_
Major companies operating in the mobile video surveillance market include Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd., Axis Communications AB, Bosch Security Systems Inc., Hanwha Techwin Co. Ltd., Avigilon Corporation, Teledyne FLIR LLC, Huawei Technologies Co. Ltd., Seon Design Inc., Pro-Vigil Inc., Strongwatch Corporation, BriefCam Ltd., Uniview Technologies Co. Ltd., Agent Video Intelligence Ltd., Aditya Infotech Ltd, Genetec Inc., Safety Vision LLC, Apollo Video Technology, Maxxess Systems Inc., DynaColor, Webgate, Motorola Solutions, Tiandy Technologies, Dnake, Jovision, Ava Group_x000D_
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#What Are the Main Market Drivers in the Mobile Video Surveillance Industry?#_x000D_
An upswing in criminal activities is anticipated to drive the growth of the mobile video surveillance market in the future. Criminal activities, acts that are in violation of criminal law, which involve the display of physical behavior or mental elements to commit the crime, are severe offences under state or country law. Mobile video surveillance aids in detecting criminal occurrences in public places, as well as recording public incidents in real-time. Therefore, an upturn in criminal actions will boost the demand for mobile surveillance solutions. For example, in March 2024, as reported by ABC News, a US-based Television network, there has been a considerable rise in hate crimes in New York City and Los Angeles. Anti-Semitic hate crimes rose by 12.6% and anti-Muslim incidents increased by 22% in New York City. In Los Angeles, anti-Semitic hate crimes saw a surge of 48%, and anti-Muslim crimes soared by 40% in 2023. These concerning trends continued into early 2024, with the NYPD’s Hate Crime Task Force reporting a 12% increase in biased crimes. The data underscores an alarming increase in hate crimes aimed at both communities. Tackling this surge is of utmost importance. Consequently, the escalation in criminal activities is promoting the growth of the mobile video surveillance market._x000D_
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#How Is the Mobile Video Surveillance Market Segments Structured?#_x000D_
The mobile video surveillance market covered in this report is segmented –_x000D_
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1) By Offering: Hardware, Software, Service_x000D_
2) By Vertical: Law Enforcement, Industrial, Military And Defense, First Responders, Transportation_x000D_
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones_x000D_
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Subsegments:_x000D_
1) By Hardware: Cameras, Storage Devices, Accessories_x000D_
2) By Software: Video Management Software (VMS), Analytics Software, Cloud Storage Solutions_x000D_
3) By Service: Installation And Setup Services, Maintenance And Support Services, Monitoring Services_x000D_
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#What Are the Latest Trends in the Mobile Video Surveillance Market?#_x000D_
The surge in technological advancements is a leading trend in the mobile video surveillance market. Renowned firms in this market are putting great effort into creating AI multi-directional cameras to consolidate their position. To exemplify, Hanwha Techwin, an outstanding South Korean video surveillance company known for its top-notch optical design and manufacturing technology, unveiled the first AI multi-directional camera, the PNM-C12083RVD, in May 2022. The device has a distinctive feature which offers enhanced object detection and user-friendly experience using AI technology. This AI-driven feature helps in reducing false alarms and is capable of recognizing human faces, identifying specific vehicles, and detecting number plates. Moreover, it uses AI to decrease image fuzziness in low-light conditions, producing sharp images._x000D_
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#Which Global Regions Offer the Highest Growth in the Mobile Video Surveillance Market?#_x000D_
North America was the largest region in the mobile video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the mobile video surveillance market during the forecast period. The regions covered in the mobile video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa_x000D_
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#This Report Delivers Insight On: #_x000D_
1. How big is the mobile video surveillance market, and how is it changing globally?_x000D_
2. Who are the major companies in the mobile video surveillance market, and how are they performing?_x000D_
3. What are the key opportunities and risks in the mobile video surveillance market right now?_x000D_
4. Which products or customer segments are growing the most in the mobile video surveillance market?_x000D_
5. What factors are helping or slowing down the growth of the mobile video surveillance market?_x000D_
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