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Market Leader - Mobile Video Surveillance Market


The mobile video surveillance system is used for safety and security of people. The systems can monitor people, places, and objects, and then provides stored data to analyze or to identify suspects and criminals acts. The increasing concerns for public safety and security, growing adoption of IP cameras owing to better functionality at a reduced cost, rising demand for cloud-based mobile video surveillance solutions, rising demand for intelligent and scalable mobile video surveillance solutions, improving infrastructure and deployment capabilities are the major driving factors for the mobile video surveillance market growth. The mobile video surveillance market was valued at 1.40 Billion in 2017 and is expected to reach USD 2.32 Billion by 2023, at a CAGR of 8.77% between 2017 and 2023.

Key strategies adopted by major players in the mobile video surveillance market include product launches, agreements, partnerships, and contracts, among others. The strategy of product launches accounted for a share of 85% of the overall strategies adopted by the market players between 2014 and 2017. Companies such as Axis Communications (Sweden), Bosch Security Systems (Germany), and Hikvision (China) have adopted this strategy to expand their customer base and enhance their product portfolio.

Hikvision is one of the leading players in the mobile video surveillance market. The company has developed several innovative products, with decades of experience in manufacturing and marketing products. The company specializes in mobile video surveillance technology as well as designing and manufacturing a full line of innovative CCTV and mobile video surveillance products. Hikvision provides mobile video surveillance solutions in the global market, through more than 2,400 partners in 155 countries across different regions. Hikvision provides the most advanced mobile DVR solutions for transportation, parking, and industrial applications, which boost the mobile video surveillance market growth. For instance, in May 2015, the company offered a mobile solution in collaboration with Observit for the European transportation. In this strategic cooperation, Hikvision integrated their 4 series of smart IP cameras with Observit’s mobile video management system.

Hanwha Techwin was formerly known as Samsung Techwin, offers CCTV, IP & network, access control, door entry, intruder detection, and other security solutions. In 2015, the company (Samsung Techwin Co., Ltd.) was acquired by the Hanwha Group (South Korea) and renamed as Hanwha Techwin. The company produces 2.6 million surveillance solutions in South Korea and China and achieves 75% of its sales in other markets. In 2015, the company signed a contract to supply 800,000 security cameras to AT&T/Securitas, securing its/their growing presence in the global market.

Other companies operating in the mobile video surveillance market include Axis Communications (Sweden), Dahua (China), Bosch, Security Systems  (Germany), FLIR (US), Avigilon (Canada), Pelco (US), and Panasonic (Japan).

Related Reports:

Mobile Video Surveillance Market by Offering (Hardware (Cameras, Storage Solutions), Software (Video Analytics, VMS), Service), Application (Trains & Trams, Buses, Transport Vehicles, Police Cars, Drones), Vertical, and Geography - Global Forecast to 2023

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