The Mobile Video Surveillance Market is expected to grow rapidly; it is expected to reach USD 3.9 billion by 2029 from USD 2.7 billion in 2024. Over the course of the predicted period, this growth trajectory represents a significant compound annual growth rate (CAGR) of 7.9%. Due to the pressing need for increased security and surveillance capabilities, the market is being pushed by the rising demand for sophisticated video surveillance systems across a number of industries. The market's growth is anticipated to be significantly aided by the use of mobile video surveillance in conjunction with technology developments like artificial intelligence and Internet of Things integration. The mobile video surveillance market is positioned to be crucial in helping organisations throughout the world fulfil these changing security needs, as security concerns remain their top priority.

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Increased camera quality, developing AI capabilities, and the expanding popularity of remote monitoring are some of the factors driving the demand for mobile video surveillance. These days, mobile surveillance system integrators are better able to meet the ever-increasing demands of end users, especially in a variety of vehicle applications like transportation, law enforcement, and drones. This increased demand is a result of the need to successfully handle operational and security requirements. The necessity of real-time remote monitoring capabilities on mobile platforms has been highlighted by the convergence of security issues and technological breakthroughs. This highlights the crucial role that mobile video surveillance plays in boosting situational awareness and response skills by enabling the prompt detection of anomalous events and incidents.

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Storage device segment to account for the highest CAGR during the forecast period for the video surveillance hardware market

Annual drops in the cost of security cameras have encouraged their global adoption and created a significant demand for storage solutions in the market. The rising use of IP cameras, which can record videos at greater resolutions and framerates, is a major factor contributing to this spike. In addition, some IP cameras' more modern features—like the ability to record audio and video at the same time—have increased the need for storage. Because of this, storage devices are predicted to grow at the fastest rate possible over the course of the forecast period. This is because of the crucial function that they play in satisfying the growing need for effective video data storage in the rapidly developing field of surveillance technology.

Market for IP video surveillance cameras to grow at higher CAGR during the forecast period.

When it comes to surveillance equipment, IP cameras stand out because they are excellent at capturing high-definition, high-framerate footage. Their advantage also includes the ability to facilitate the increase of the number of linked cameras and to offer improved flexibility for interconnectivity with different cameras. IP security cameras use authentication and encryption techniques including TKIP, AES, WPA, WPA2, and WEP to secure the data they transmit. Moreover, these cameras' notable ability to connect wirelessly to Network Video Recorders (NVRs) adds to their adaptability. One characteristic that sets IP cameras apart is its ability to be viewed remotely from any computer in the world as well as from a variety of mobile devices, such as laptops and smartphones.

Market for military & defense vertical to register the highest CAGR for video surveillance market.

Drones have become extremely versatile instruments in the military and defence industry, integrating easily with C4ISR (command, control, communications, computer, intelligence, surveillance, and reconnaissance) systems. They have high tactical skills combined with straightforward operating and maintenance procedures. Drones are incredibly adaptable; they can be used for a wide range of tasks, such as intelligence gathering, illicit traffic monitoring, mountain search and rescue, and assistance for ground forces. Mobile video surveillance is widely utilised by the military and aerospace industry for various purposes, such as border patrols and search and rescue operations. This technology is extremely helpful in managing refugee admission into vital locations such as border areas and military base camps. It also helps monitor peace treaties, provide perimeter security around base camps and embassies, and facilitate resource exploration and target tracking.

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Market in APAC estimated to grow at the highest CAGR during the forecast period.

Over the course of the forecast period, the mobile video surveillance market is expected to develop at the strongest rate in the Asia Pacific region. The region's aggressive adoption of cutting-edge technologies, including as cameras, wireless networking, and integrated analytics in DVRs and NVRs, is driving this trajectory. A number of factors, including government initiatives to improve urban security, large investments in security equipment, the availability of affordable solutions from local manufacturers, and an increased demand for IP systems within critical industries like transportation, law enforcement, and military & defence, can be attributed to the growing adoption of mobile video surveillance systems in the Asia Pacific region. Driven by a combination of these reasons, the Chinese mobile video surveillance market stands out as a major player.

Major vendors in the mobile video surveillance market include Hikvision (China), Dahua Technology (China), Axis Communications (Sweden), Bosch Security and Safety Systems (Germany), Hanwha Techwin (South Korea), Avigilon (Canada), Teledyne FLIR (US), Briefcam (US), Pelco (US), Uniview (China), Agent Video Intelligence (US), CP PLUS (India), Genetec (Canada), Huawei Technologies (China), Seon Design (Canada), Pro-Vigil (US), Strongwatch (US), Rosco Vision (US), VIVOTEK (Taiwan), MOBOTIX (Germany), Wireless CCTV (US), Strops Technology (Latvia), DTI Group (Australia), and Ivideon (US).

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