Global Executive Search specialists within Physical and Cyber Security Sectors.The global mobile video surveillance market is expected to be valued at USD 2.7 billion in 2024 and is projected to reach USD 3.9 billion by 2029; it is expected to grow at a CAGR of 7.9% from 2024 to 2029. With increasing urbanisation, there is a higher demand for effective surveillance in urban areas, public transportation, and crowded spaces. Mobile video surveillance systems provide a flexible and dynamic solution to address the security challenges associated with urban environments. This is all according to the latest intelligence report from researchers at Marketsandmarkets.
Services segment shows strong growth
Researchers believe there is a growing demand for consulting services to assess surveillance needs and design customised mobile video surveillance systems tailored to specific requirements and environments. Organisations often require professional services for the proper installation and deployment of mobile video surveillance systems, ensuring optimal performance and coverage. Growing demand for cloud-based services, allowing organisations to leverage mobile video surveillance as a service, reducing the need for on-premises infrastructure and providing scalability.
High demand in public transit vertical
Ensuring the safety and security of passengers is a primary concern for public transit authorities. Mobile video surveillance systems play a crucial role in deterring criminal activities, ensuring a safe environment, and providing evidence in case of incidents. Public transit vehicles and infrastructure are susceptible to vandalism and graffiti. Mobile video surveillance acts as a deterrent and provides evidence for identifying and prosecuting offenders, helping in the maintenance of clean and safe transit environments.
North America holds the largest share
Urbanisation and the implementation of smart city initiatives in North American cities contribute to the adoption of mobile video surveillance for traffic management, public safety, and infrastructure monitoring. The need for securing transportation systems, airports, seaports, and critical infrastructure drives the adoption of mobile video surveillance. These systems play a crucial role in monitoring and safeguarding key assets. Law enforcement agencies in North America leverage mobile video surveillance for investigative purposes, crowd monitoring, and maintaining public order. The demand for these solutions is driven by the need for effective policing.
Key players
The Mobile video surveillance Market Market includes significant Tier I and II players such as Hangzhou Hikvision Digital Technology Co., Ltd, Zhejiang Dahua Technology Co., Ltd, Axis Communications AB, Robert Bosch GmbH, Hanwha Vision Co., Ltd, and others. These players, according to the report, have a strong market presence for Mobile video surveillance across various countries in North America, Europe, Asia Pacific, and the RoW.