Market Research Future (MRFR) expects the global mobile video surveillance market to reach approx. USD 27 billion at a CAGR of 14% from 2017 to 2023 (forecast period).
The cloud-based video surveillance, also known as Mobile Video Surveillance Market Size, integrates with alarm-management platforms. It also aids in the video monitoring system, which assists several firms in meeting the expanding security necessities. Mobile surveillance allows for the surveillance of a specific region using mobile devices. Mobile video surveillance is widely utilized in school buses and other areas due to its flexibility and low cost. It improves security in the areas by allowing for easy monitoring via mobile devices.
The prominent players in the mobile video surveillance market are Apollo Video Technology (U.S.), Mid State Instruments (U.S.), Seon (Canada), Floatograph Technologies, Maxxess Systems, LLC. (U.S.), Inc. (U.S.), Strongwatch Corporation (U.S.), LLC. (U.S.), Rosco Vision Systems (U.S.), Safety Vision, Maryland Security Professionals (U.S.), Briefcam (Israel), among others.
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The cloud-based video or mobile video surveillance market has seen tremendous growth in recent years. Because it provides a high-standard security solution, the mobile video surveillance market is in high demand among small and medium-sized businesses. There are big market players in the industry that are investing heavily in this market. The market is gaining popularity because it provides computer vision processing, storage platforms, and scalable video imaging because of the intelligent mobile surveillance video applications.
COVID-19 Impact on the Global Mobile Video Surveillance Market
As with any other industry, the COVID 19 has a significant impact on the mobile video surveillance market or mobile video surveillance system. The shutdown and pandemic impacted and impeded demand for mobile surveillance video for sale. The sale demand was diminished for a variety of reasons. As a result, the industry is taking steps to improve procedures and enhance sales among the targeted audience. The COVID 19 pandemic have had an impact on technological output, and as a result, market demand has been diminished. It causes a disruption in the supply chain.
As a result of the factors mentioned above, the government and authorities offered business methods to deal with the mobile video surveillance market or mobile video surveillance system growth plans in the current projected years in order to prevent COVID 19 from affecting market statistics. To cope with this pandemic and reclaim the demand and popularity of the mobile video surveillance market, various key companies and the government adopt different key methods. As a result, the market appears to have stabilized in terms of sales and revenue generation.
The global mobile video surveillance market has been segmented into system, component, and application.
By system, the global mobile video surveillance market has been segmented into analog video surveillance and IP video surveillance.
By component, the global mobile video surveillance market has been segmented into hardware, software, and services.
By application, the global mobile video surveillance market has been segmented into military & defense, government, law enforcement, school transportation, and transit & rail.
The regional analysis of the global mobile video surveillance industry has been divided into Asia Pacific, North America, Europe, and the Rest of the World.
North America is expected to account for the highest share of the market among all other market regions. Following that, Asia Pacific is expected to expand at the quickest rate of mobile video surveillance over the projection period. Following that, the North American region rated first in terms of mobile video surveillance system acceptance. The North American market has the biggest market share because of the rising prospects in school buses and police cars.
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