The global mobile video surveillance market revenue is expected to expand at a moderate CAGR over the forecast period. Mobile video surveillance is a system used for surveillance and monitoring purposes. Footage of mobile video surveillance can be monitored from any location using any mobile device such as tablet, smartphone etc. Increasing safety and security concerns coupled with improving infrastructure and deployment capabilities is a primary factor expected to drive the growth of the target market over the forecast period.
However, high cost and maintenance of mobile video surveillance and its privacy issues is expected to hamper growth of the global mobile video surveillance market.
The global mobile video surveillance market report has been segmented on the basis of offering, application, vertical, and region. On the basis of offering, the market is segmented into hardware, software, and services.
On the basis of application, the market is segmented based on trains & trams, buses, transport vehicles, police cars, and drones. Transportation segment dominates the global market in terms of revenue and is expected to hold major revenue share over the forecast period.
On the basis of vertical, the market is segmented into transportation, law enforcement, mining, and military & defense. Law enforcement segment is sub-segmented into, city surveillance, prisons and correctional facilities, and industrial. Mining segment is sub-segmented into, energy & power, manufacturing, construction, and marine.
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Based on the region the target market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in North America is expected to dominate the global mobile video surveillance market in terms of revenue over the forecast period, owing to increasing adoption of mobile video surveillance system especially in commercial and defense sector in this region. The market in Asia Pacific is expected to register second highest share in terms of revenue, owing to increasing security concerns and increasing adoption of security systems by government institutions.
Key players operating in the global mobile video surveillance market include Axis Communications AB, Bosch Security Systems, Inc., Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd, FLIR Systems Inc., Avigilon Corporation, Pelco, Inc., Hanwha Techwin (formerly Samsung Techwin), Tyco International Ltd., and Dallmeier electronic GmbH & Co.KG.