Published Date: 30-Nov-2022
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According to a new report, published by KBV research, The Global Mobile Video Surveillance Market size is expected to reach $3.8 billion by 2028, rising at a market growth of 8.2% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 8.8% during (2022 - 2028). Facial counting, People counting, and number plate identification are just a few of the software and service applications for which modern VSaaS provides VMS integration capabilities. Insights on events or activities across a variety of industries can be gained via external recorded video analytics. Numerous cloud capabilities meet the various needs of end customers, and this fuel the market growth of mobile video surveillance services.
The Buses segment acquired maximum revenue share in the Global Mobile Video Surveillance Market by Application in 2021 thereby, achieving a market value of $1.6 billion by 2028. Bus passengers are kept safe and secure with the help of mobile video surveillance systems, which are used to deter criminal activity, catch offenders, and prevent crimes from happening. The expansion of the mobile video surveillance market is fuelled by the rising demand for mobile video surveillance systems for bus terminals and bus transit systems.
The Military & Defense segment has shown the growth rate of 9.8% during (2022 - 2028). Drones can be quickly deployed and incorporated into the C4ISR (Command, Control, Communications, Computer, Intelligence, Surveillance, and Reconnaissance) system in the military and defense sector. They feature straightforward operations and upkeep processes and strong tactical skills. They are adaptable and capable of carrying out a variety of tasks, including intelligence gathering, illicit traffic surveillance, assistance for ground forces, and alpine search and rescue.
The North America market dominated the Global Mobile Video Surveillance Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1.3 billion by 2028.The Europe market is exhibiting a CAGR of 7.5% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 9.1% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Hikvision Digital Technology Co., Ltd., Zhejiang Dahua Technology Co., Ltd., Axis Communications AB (Canon, Inc.), Hanwha Techwin Co., Ltd., Bosch Security Systems GmbH (Robert Bosch GmbH), Avigilon Corporation (Motorola Solutions), Teledyne FLIR LLC (Teledyne Technologies Incorporated), and Zhejiang Uniview Technologies Co., Ltd.
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