Global Market Insights, Inc. newly added the Mobile Video Surveillance Market Report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, and forecast in the coming years.
North America mobile video surveillance market is predicted to grow significantly during the forecast timespan. This growth can be attributed to the presence of large number of industry players in the region coupled with the increasing penetration of such systems across various applications. Rising instances of illegal activities obligated regional authorities to deploy intelligent surveillance solutions for reducing criminal activities and increase safety & security for citizens. Moreover, the increasing infrastructure investments in emerging economies such as China and India provide huge growth opportunities for the Asia Pacific mobile video surveillance industry.
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The mobile video surveillance market is segmented on the basis of component, application and region. Based on component, the industry is classified into hardware, software and service. Hardware components are further classified into mobile recorders, cameras and storage recorders and other devices. Increasing penetration of mobile recorders can be attributed to the advantages offered such as clear & high-quality videos resulting in optimized network performance.
Factors such as declining cost, easy availability and affordability of the hardware components lies significant opportunities for the mobile video surveillance market growth. Increasing terror attacks and crime rates worldwide is compelling the authorities to adopt such surveillance solutions, further contributing to the industry demand.
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Based on applications, mobile video surveillance market is classified into law enforcement, industrial, military & defense and transportation. Concerns associated with safety & security in public transportation systems led to the increasing deployment of such systems in transport vehicles, trains & trams and buses. Surge in demand for improvement in infrastructure across the industry verticals gives rise to the deployment of scalable and advanced surveillance systems. Moreover, law enforcement applications are anticipated to witness significant growth over the forecast timeline. It can be credited to the rising adoption of such systems by law enforcement institutions to reduce the ever-increasing crime rates due to the advantages such as enhanced performance, reliability and streamlining several operations.
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Companies operating in the mobile video surveillance market include Axis Communications, Bosch Security Systems, Cisco Systems Inc., Honeywell International Inc., Avigilon, Advantech, Tyco International, Hanwha Techwin, Infinova and United Technologies. Other prominent industry players include Apollo Video Technology, Safety Vision LLC, Eagle Eye Networks, Pelco, Hikvision and Costar Video Systems. The players are increasingly focusing on incorporating innovating features in existing product portfolio to provide flexible surveillance solutions based on the end-user demands.