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Mobile Video Surveillance Market Size in 2029: A Look at Recent Changes and Trends
The size of the mobile video surveillance market has seen robust expansion in the past years. The market, which was worth $2.4 billion in 2024, is projected to increase to $2.54 billion in 2025 at a compound annual growth rate (CAGR) of 5.6%.
This historical surge has been influenced by factors such as the integration of analytics and AI, concerns towards security and public safety, growth in urbanization and infrastructure, applications in law enforcement and military, along with event security and crowd management.
The size of the mobile video surveillance market is anticipated to experience significant growth in the coming years. The market is projected to expand to $3.63 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 9.4%.
The growth during the forecast period is speculated to be due to the demand for cloud-based solutions, cost efficiency and scalability, the need for management in transportation and logistics, an increase in remote work and monitoring, as well as security risks and threats. Key trends expected during the forecast period are the integration with IoT and edge computing, 5G technological connectivity and high bandwidth, cloud-based solutions and remote access, integration and accessibility of mobile apps, and hybrid surveillance solutions.
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What Core Factors Are Driving the Expansion of the Mobile Video Surveillance Market?
The progression of criminal activities is anticipated to fuel the growth of the mobile video surveillance market. Criminal acts, punishable under national or state laws, involve physical or mental action intending to commit a crime.
Mobile video surveillance aids in the detection of criminal occurrences in public areas and captures ongoing public events.
Hence, an increase in crime rates will precipitate a higher demand for mobile surveillance systems.
For instance, ABC News, a US-based television network reported in March 2024 that hate crimes against the Jewish community in New York City rose by 12.6%, while anti-Muslim instances ascended by 22%. Los Angeles experienced a 48% surge in antisemitic hate crimes and a 40% spike in anti-Muslim crimes in 2023.
This disturbing trend continued into early 2024, as the NYPD’s Hate Crime Task Force reported a 12% increase in bias crimes. The data underscores an alarming rise in hate crimes against both communities.
It’s imperative to continue striving to combat this wave. As a result, the escalating criminal activities are propelling the aspirational growth of the mobile video surveillance market.
How Is the Mobile Video Surveillance Market Structured Across Key Segments?
The mobile video surveillancemarket covered in this report is segmented –
1) By Offering: Hardware, Software, Service
2) By Vertical: Law Enforcement, Industrial, Military And Defense, First Responders, Transportation
3) By Application: Railways, Buses, Transport Vehicles, Police Vehicles, Drones
Subsegments:
1) By Hardware: Cameras, Storage Devices, Accessories
2) By Software: Video Management Software (VMS), Analytics Software, Cloud Storage Solutions
3) By Service: Installation And Setup Services, Maintenance And Support Services, Monitoring Services
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What Innovation Trends Will Redefine the Mobile Video Surveillance Market Landscape?
The mobile video surveillance market is increasingly embracing technological advancements as a principal trend. Firms majoring in this market are leaning towards the creation of groundbreaking AI multi-directional cameras to enhance their market dominance.
In May 2022, for example, Hanwha Techwin, a renowned video surveillance corporation originating from South Korea with unrivalled optical design and manufacturing expertise, introduced the inaugural artificial intelligence (AI) multi-directional camera – the PNM-C12083RVD. Its distinguishing feature is its ability to provide superior object recognition and user-friendliness, thanks to its AI technology.
This AI-enabled feature not only minimizes false alerts but also expertly identifies human faces, specific vehicles, and license plates. Its superior AI capabilities also mitigate image blur in poorly lit settings, thereby producing crystal clear images.
Where Is the Mobile Video Surveillance Market Experiencing the Fastest Regional Growth?
North America was the largest region in the mobile video surveillance market in 2024. Asia-Pacific is expected to be the fastest-growing region in the mobile video surveillance market during the forecast period.
The regions covered in the mobile video surveillance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Leading Players Shaping the Future of the Mobile Video Surveillance Industry
Major companies operating in the mobile video surveillance market include Hikvision Digital Technology Co. Ltd., Dahua Technology Co. Ltd., Axis Communications AB, Bosch Security Systems Inc., Hanwha Techwin Co.
Ltd., Avigilon Corporation, Teledyne FLIR LLC, Huawei Technologies Co. Ltd., Seon Design Inc., Pro-Vigil Inc., Strongwatch Corporation, BriefCam Ltd., Uniview Technologies Co.
Ltd., Agent Video Intelligence Ltd., Aditya Infotech Ltd, Genetec Inc., Safety Vision LLC, Apollo Video Technology, Maxxess Systems Inc., DynaColor, Webgate, Motorola Solutions, Tiandy Technologies, Dnake, Jovision, Ava Group
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