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Kenneth Research, in its repository of market research reports, have recently added a report on Mobile Video Surveillance Market which emphasizes on the latest trends, key opportunities, drivers, and the challenges associated with the growth of the market during the forecast period, i.e., 2022-2031. The Mobile Video Surveillance Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Mobile Video Surveillance Market products.
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Moreover, backed by the increasing demand for high-speed internet amongst the individuals, organizations operating in the field of telecom are increasingly working on deploying 5G network technology, as this technology provides internet access at very high speeds. By 2025, it is estimated that as many as 1.2 billion of total internet connections will account to 5G. Further, one-third of the world is projected to be covered with 5G connectivity by the end of 2025.
The Mobile Video Surveillance Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.
“Final Report will add the analysis of the impact of COVID-19 on this industry.”
Global Mobile Video Surveillance Market was valued at USD 1.5 Billion for the year 2017. Mobile Video Surveillance Market is further expected to grow at a CAGR of 8.85% from 2018 to reach USD 2.91 Billion by the year 2025. North America region holds the highest Market share in 2017. The Asia-Pacific region is considered as the fastest growing Market in the forecasted period. The U.S. is the major Market in 2017 at country level and it is also further anticipated to grow at a steady pace in the next 5 years.
Major market players in Mobile Video Surveillance Market Hangzhou Hikvision Digital Technology Co. Ltd., Pelco Corporation, Dahua Technology Co. Ltd., Avigilon Corporation,Bosch Security Systems, FLIR Systems, Tyco International PLC, Hanwha Techwin, Axis Communications AB, United Technologies Corporation, Infinova, and other 14 more companies detailed information is provided in the report. Better global reach, at an operational level, is the main reason for holding this Market share. Rising research and development expenses to satisfy the changing demands of end users, new product launches and organic growth strategies were few techniques adopted by various manufacturers in last 5 years.
SWOT Analysis of Mobile Video Surveillance Market :
Strength:
Increasing demand for real-time video surveillance
Weakness:
Data privacy issues
Opportunities:
Implementation of wireless IP surveillance to reduce cost
Threats:
The requirement for high capacity data storage facilities
The segmentation done on the basis of Application include Police Cars, Transport Vehicles, Buses, Trains and Trams, Drones of which the Transport Vehicles segment is expected to hold the highest Market share during the forecast period.
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By Offering
*Software
*Hardware
*Others
By Application
*Police Cars
*Transport Vehicles
*Buses
*Trains and Trams
*Drones
By Market
*Transportation
*City Surveillance
*Manufacturing
*Construction
*Energy and Power
*Mining
*Military and Defense
By Region
North America
*USA
*Canada
Europe
*Germany
*U.K.
*France
*Italy
*Rest of Europe
APAC
*China
*India
*Japan
*Rest of Asia-Pacific
RoW
*Latin America
*Middle East & Africa
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About Kenneth Research
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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James Bullock
James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology
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