The mobile video surveillance market was USD 2,250 million in 2022, which will touch USD 4,337 million, growing at an 8.6% compound annual growth rate, by 2030.
The growing need for these solutions is because of the increasing utilization of the internet, along with the expanding acceptance of smartphones and tablets, which, in order, will boost the need for bigger storage capacity.
In the years to come, the industry has advanced due to the robust requirement for wireless video streaming with a camera transmitting the real-time feed to a control center directly.
The hardware category, on the basis of offering, was the major contributor to the industry, with a 42% share. This is because of the development in cameras like improved recording quality in low light, incorporated motion sensors for tracking objects, information encryption, and various other cybersecurity procedures, in-built microphones to record the video and audio, and support for both cellular networks and Wi-Fi.
North America was the largest contributor to the industry, and it will remain the largest till 2030, with USD 1,080 million. This is because of the speedy acceptance of developed technologies. The continent has also observed different criminal as well as terrorist attacks over the last few years.
Thus, the surging acceptance of these cameras in state and international borders will boost the need for them in this continent during this decade.
With the rise in the usage of the internet, the mobile video surveillance industry will continuously progress in the coming years.