The Mobile Video Surveillance Market was valued at USD 1.28 Billion in 2016 and is expected to reach USD 2.32 Billion by 2023, at a CAGR of 8.77% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023.
This report provides a detailed analysis of the mobile video surveillance based on offering, application, vertical, and geography. The report forecasts the market size, in terms of value, for various segments with regard to 4 main regions North America, Europe, Asia Pacific (APAC), and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the said market, along with the detailed competitive landscape for the market leaders.
Key Target Audience
- Raw material vendors
- Component and hardware providers
- Software providers
- Service providers
- Video surveillance enclosure providers
- Original equipment manufacturers (OEMs)
- Product manufacturers
- Research organizations
- Technology standards organizations, forums, alliances, and associations
- Government, financial institutions, and investor communities
- Analysts and strategic business planners
- End users such infrastructure, commercial, institutional, industrial, and residential applications
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Hardware offerings are expected to hold a major share of the mobile video surveillance market during the forecast period. The demand for cameras, monitors, and storage solutions is high because these are the core components required in a surveillance system. The use of hardware components for transportation, city surveillance, and industrial applications has a significant contribution to the growth of the mobile video surveillance market for hardware offerings.
The mobile video surveillance market for drones is expected to grow at the highest CAGR during the forecast period. Drones can be easily deployed and integrated into command, control, communications, computers, intelligence, surveillance, and reconnaissance systems. They have simple operational and maintenance procedures with high tactical capabilities. They are versatile and can carry out a variety of missions such as mountain search and rescue, illegal traffic monitoring, support to ground forces, and intelligence missions, among others.
The transportation vertical is expected to hold the largest market share during the forecast period. With the rise in crime, harassment, liability suits, vandalism- and terrorism-related threats, need for providing surveillance for the general transportation system has increased. Sea and inland ports are important transit points for international goods trading. Huge container ships lay anchor, discharge their consignments, and go out for new cargos. Mobile video surveillance systems can be distributed across the port for monitoring all activities.
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