The Mobile Video Surveillance Market would increase significantly from USD 2.4 billion in 2022 to USD 3.6 billion by 2027. Over the predicted period, this growth trajectory implies a strong Compound Annual Growth Rate (CAGR) of 8.7%.

The growing demand for sophisticated surveillance solutions in a dynamic and changing security environment is what is driving the market's upward speed. Mobile video surveillance is emerging as a key technology as organisations and sectors place more focus on real-time monitoring, remote surveillance, and situational awareness. The development of mobile communication technologies, the incorporation of artificial intelligence (AI) for improved analytics, and a growing emphasis on public safety and security measures all contribute to the market's growth.

A number of elements that are altering the industry's capabilities are driving the evolution of mobile surveillance. Mobile surveillance integrators are better able to meet the growing demand from end customers across a spectrum of vehicles, such as transportation vehicles, police cruisers, and drones, thanks to improved camera resolutions and the quick development of Artificial Intelligence (AI). The need to satisfy both operational and security needs is what drives this demand. These variables coming together makes it possible for mobile surveillance solutions to provide improved insights and analytics, which helps in decision-making. Furthermore, the idea of remote monitoring becomes more important as the need for real-time monitoring of moving vehicles increases in order to identify unexpected situations and happenings. The mobile surveillance industry is well-positioned to offer reliable solutions that offer real-time insights and remote monitoring capabilities as security concerns grow and technology develops, ultimately resulting in safer and more secure settings.

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Storage device segment to account for the highest CAGR during the forecast period for the Video Surveillance Hardware Market

The storage device segment is expected to have the highest Compound Annual Growth Rate (CAGR) in the market for video surveillance hardware during the projected period. A significant need for effective storage solutions has been created as a result of the worldwide deployment of security cameras due to their consistently falling prices. The growing popularity of IP cameras, which are renowned for taking videos at greater resolutions and frame rates, is intimately related to this increase in demand. Additionally, some cameras now record sound and video simultaneously, which increases the requirement for storage. These elements work together to increase the demand for storage devices, which are predicted to expand at the quickest rate during the projection period.

Market for IP Video Surveillance Cameras to grow at higher CAGR during the forecast period.

Due to its improved capabilities, the market for IP video surveillance cameras is expected to grow at a faster compound annual growth rate (CAGR) throughout the projected period. These cameras are great at recording high-definition videos at fast frame rates, resulting in superb video quality. Their adaptability to connect with different cameras and support a larger camera network also contributes to their rising appeal. Data transfer using encryption and authentication techniques like WEP, WPA, WPA2, TKIP, and AES results in increased security. An important feature of IP cameras that increases its adaptability is their smooth wireless interaction with Network Video Recorders (NVRs). These cameras may be viewed remotely via PCs, laptops, and mobile devices like smartphones from any point in the world. As IP camera capabilities and digital recording features develop, more businesses and organisations are switching to IP-based video systems, which is fueling the market's explosive expansion.

Market for Military & Defense Vertical to register the highest CAGR for Video Surveillance Market.

Within the Military & Defence industry vertical, the Video Surveillance Market is anticipated to see its highest Compound Annual Growth Rate (CAGR). This expansion is attributable to the military's C4ISR (Command, Control, Communications, Computer, Intelligence, Surveillance, and Reconnaissance) system's seamless integration of drones. Drones provide simple operation, low maintenance requirements, and superior tactical capabilities. Due to their adaptability, they can carry out a variety of tasks, including search and rescue in hilly terrain, keeping an eye on criminal activity, assisting ground forces, and performing intelligence operations. Mobile video surveillance is widely used by the military and aerospace industry for a variety of purposes, including border security, search and rescue missions, and controlling refugee inflow. In order to enforce security perimeters surrounding base camps, embassies, and other locations, mobile video monitoring is also essential. The power of the technology is also used to follow targets, explore resources, and uphold peace agreements. The video surveillance market is expanding quickly within this vertical as the military and defence industry adopts cutting-edge surveillance technology, driven by its crucial role in enhancing security and operational effectiveness.

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

The Video Surveillance Market is expected to develop at the fastest rate in the Asia Pacific (APAC) region, with the highest Compound Annual Growth Rate (CAGR) anticipated throughout the forecast period. The region's early adoption of cutting-edge technologies, including as cameras, wireless networking, and integrated analytics for Digital Video Recorders (DVRs) and Network Video Recorders (NVRs), should be credited with this rapid expansion. Mobile video surveillance system use has increased dramatically in the Asia Pacific as a result of a number of variables.

The market's expansion has been greatly aided by government programmes aimed at boosting urban security against terrorist threats and major investments in security equipment. The rise of the Chinese mobile video surveillance market is further aided by the availability of low-cost mobile video surveillance systems from local manufacturers and the increasing demand for Internet Protocol (IP) systems in the transportation, law enforcement, and military & defence industries. The APAC market appears as a vibrant and quickly-expanding centre within the video surveillance landscape as the region leads in the adoption of cutting-edge security solutions.

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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https://www.globenewswire.com/news-release/2023/01/06/2584387/0/en/Mobile-Video-Surveillance-Market-Size-is-Anticipated-to-Gain-USD-3-6-Bn-by-2027.html

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