Mobile Video Surveillance Market Analysis, Future Growth, Segmentation | 2031

Remote monitoring and mobile surveillance offer the convenience of on-the-go, real-time access to live camera installed at the location so the user can check up at any time, be it day or night. The market is being driven by increasing adoption of smart camera systems and the growing adoption of video analytics which is expected to further drive the growth of mobile video surveillance market.

The market is majorly driven by the increase in demand for video management software solutions across domestic and commercial applications. The major factors responsible for driving the growth of mobile video surveillance market include, increasing car accidents, theft on buses, driver supervision in cabs, and real time alarm in case of emergencies.

Significant changes have shaped the security industry throughout the last decade, and more exhilarating innovations are to be expected in the coming years. Emerging technologies and applications such as multi-dimensional perception, low light imaging, UHD, artificial intelligence, and cloud technology, are opening up new possibilities in the field of security.

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The mobile video surveillance market is expected to show major growth during the forecast period owing to the concerns related with safety and security across various industries coupled with the increasing demand for real-time surveillance. Real-time video display is a primary selling point for remote and mobile monitoring. Apart from real time surveillance, in some camera the videos are even recorded which can be viewed later as per the convenience of the user.

What are the Key Trends Impacting Growth of the Mobile Video Surveillance Market?

Growing adoption of IP cameras coupled with increasing concerns for public safety and security is anticipated to drive the demand for mobile video surveillance software and solutions. Moreover, rising demand for scalable and intelligent mobile video surveillance solutions, improved infrastructure and deployment capabilities is further expected to drive the market growth. Furthermore, growing adoption of connected devices, such as laptops, smartphones, and smart devices, across several residential and commercial applications is anticipated to contribute to the growth of mobile video surveillance market.

With the emergence of artificial intelligence, there has been a growth in mobile video surveillance market. Conventionally in order to monitor the security footage, a couple of security guards would have to sit behind the screen and browse through different video streams. However, today with Artificial Intelligence (AI) technology, the video management software is capable of analyzing images and audio from video surveillance live streams and recordings, and that too with a speed of hundred times faster than humans. AI is also being used in retail management, crowd management, and license plate recognition, among other applications associated with the mobile video surveillance market.

What are the Key Challenges that may Restrain Growth of the Mobile Video Surveillance Market?

Increasing concerns regarding the safety of public and security, rising demand for wireless cameras, and growing adoption of IP cameras, are some of the major factors driving the growth of the mobile video surveillance market. However, violation of privacy happens to be one major factor responsible for hampering the market growth. Moreover, factors such as higher initial costs and privacy issues related to the usage of data provided by these systems are anticipated to restrain the growth of mobile video surveillance market.

Competitive Landscape

Key players such as

• Axis Communications AB
• Bosch Security Systems GmbH
• Zhejiang Dahua Technology Co., Ltd.
• Hangzhou Hikvision Digital Technology Co., Ltd.
• FLIR Systems Inc.
• Avigilon Corporation
• Pelco Corporation
• Hanwha Techwin Co., Ltd.

What strategies are the Key Players adopting for Increasing their Market Share in the Mobile Video Surveillance Market?

The mobile video surveillance providers are carrying out different expansion and innovation strategies for increasing their market share in the global mobile video surveillance market. Key players are entering into partnerships with other major players to expand their geographic presence in order to meet the increasing demand for Mobile Video Surveillance. Companies such as Axis Communications, Bosch Security Systems, and Hikvision have adopted this strategy to expand their customer base and enhance their product portfolio.

• Companies like Hikvision are offering mobile video surveillance solution comprising GPS monitoring, remote monitoring, alarm systems, and intelligent analysis. The mobile video surveillance subsystem comprises mobile video recorder and cameras installed at the desired location, internet, and a video management software to connect. The video management software offered by the company provides real-time positioning and route playback, statistics reports, live view of videos and playback, mobile application for convenient access, along with alarm alerts. The company has carried out various public transportation projects in De Lijn Project, Arriva Project, and Colombia Project, among others.

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