Market Analysis
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, 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.
Key Players
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.
Market Segmentation
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.
Regional Analysis
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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