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According to the new market research report "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", 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.
The increasing installation of surveillance cameras, improving infrastructure and deployment capabilities, rising demand for intelligent and scalable mobile video surveillance solutions, rising demand for cloud-based surveillance solutions, and growing adoption of IP cameras are the driving factors for the mobile video surveillance market growth.Hardware includes cameras, storage solutions, video encoders, and so on.
Hardware components have become technologically more advanced and affordable.
The rising safety and security concerns, increasing crime rates, and growing terror attacks are some of the factors driving the growth of the camera market.
Also, the constantly falling prices of cameras help to increase the adoption rate of surveillance cameras across the world.Request PDF Brochure: https://www.marketsandmarkets.com/requestsampleNew.asp?id=28819736The market for the transportation vertical is expected to grow at the highest rate between 2017 and 2023.
The reason for this growth is the adoption of new technologies (cloud services and other analytics technologies) and security systems to protect its economy and infrastructure through criminal activities and terror attacks.
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