Market Analysis

Increased demand for surveillance has led to the unparalleled growth levels in the mobile video surveillance. Market Research Future, a firm which specializes in market reports related to the information and communication technology sector among others, recently published a report on this market. The mobile video surveillance market is growing rapidly with a 14% CAGR and is expected to reach at approx. USD 27 billion by the end of forecast period.

Reduced costs of IP cameras have been instrumental to the growth of the market. Increase in the levels of security concerns in various spheres have also boosted the need for the market’s products. Interest of government authorities in ensuring citizen safety in public modes of transport have been instrumental for the expansion of the market share of the industry. Mobile surveillance is feasible mode for security solutions as it can be used anywhere and has minimum setup requirements which has further fuelled market growth.

Key Players

The prominent players in the mobile video surveillance market are Apollo Video Technology (U.S.), Mid State Instruments (U.S.), Seon (Canada), Floatograph Technologies, Maxxess Systems, LLC. (U.S.), Inc. (U.S.), Strongwatch Corporation (U.S.), LLC. (U.S.), Rosco Vision Systems (U.S.), Safety Vision, Maryland Security Professionals (U.S.), Briefcam (Israel), among others.  

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The cloud-based video or mobile video surveillance market has seen tremendous growth in recent years. Because it provides a high-standard security solution, the mobile video surveillance market is in high demand among small and medium-sized businesses. There are big market players in the industry that are investing heavily in this market. The market is gaining popularity because it provides computer vision processing, storage platforms, and scalable video imaging because of the intelligent mobile surveillance video applications.

COVID-19 Impact on the Global Mobile Video Surveillance Market 

As with any other industry, the COVID 19 has a significant impact on the mobile video surveillance market or mobile video surveillance system. The shutdown and pandemic impacted and impeded demand for mobile surveillance video for sale. The sale demand was diminished for a variety of reasons. As a result, the industry is taking steps to improve procedures and enhance sales among the targeted audience. The COVID 19 pandemic have had an impact on technological output, and as a result, market demand has been diminished. It causes a disruption in the supply chain.

As a result of the factors mentioned above, the government and authorities offered business methods to deal with the mobile video surveillance market or mobile video surveillance system growth plans in the current projected years in order to prevent COVID 19 from affecting market statistics. To cope with this pandemic and reclaim the demand and popularity of the mobile video surveillance market, various key companies and the government adopt different key methods. As a result, the market appears to have stabilized in terms of sales and revenue generation.

Market Segmentation

The global mobile video surveillance market has been segmented into system, component, and application.

By system, the global Mobile Video Surveillance Market Size has been segmented into analog video surveillance and IP video surveillance.

By component, the global mobile video surveillance market has been segmented into hardware, software, and services.

By application, the global mobile video surveillance market has been segmented into military defense, government, law enforcement, school transportation, and transit rail. 

Regional Analysis

The regional analysis of the global mobile video surveillance industry has been divided into Asia Pacific, North America, Europe, and the Rest of the World.

North America is expected to account for the highest share of the market among all other market regions. Following that, Asia Pacific is expected to expand at the quickest rate of mobile video surveillance over the projection period. Following that, the North American region rated first in terms of mobile video surveillance system acceptance. The North American market has the biggest market share because of the rising prospects in school buses and police cars.

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