Technology Gives a Leg up to the Mobile Video Surveillance Market, Finds Frost & Sullivan
By Frost Sullivan, PRNEWednesday, January 20, 2010
LONDON, January 21 - Improvements in technologies for recording and transmission have opened
up several revenue opportunities for mobile video surveillance devices,
especially in the transit bus, police vehicles and rail markets across the
world. These technology developments have extended the scope of mobile video
surveillance to include monitoring and training drivers to improve
performance.
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New analysis from Frost & Sullivan (www.autoid.frost.com),
Opportunities in the World Mobile Video Surveillance Market, finds that the
market earned revenues of US$615.4 million in 2008 and estimates this to
reach US$1.55 billion by 2015.
Mobile video surveillance's growing popularity in security and
non-security applications presents new opportunities for solution providers.
The need for security in public transport systems will offer additional
impetus for the uptake of mobile video surveillance technology.
"Video as evidence provides higher safety for passengers and better
accountability for transit authorities by minimizing false liability claims,"
says Frost & Sullivan Senior Research Analyst Archana Rao. "The ability of
these solutions to improve operational efficiency apart from providing safety
and security will ensure a steady stream of investments in the market."
The mobile video surveillance market, unlike many others, has been fairly
insulated from the economic downturn, thanks to regulations and the need to
curtail vandalism, crime and false litigations. However, it could take a hit
from the low awareness of its benefits, especially in developing countries,
and end users' price sensitivity.
"Failure to see video surveillance as a proactive tool to avert crime and
enhance operational efficiency hampers adoption, particularly in the
cost-sensitive school bus and taxi cab segments," notes Rao. "Educating end
users about the return on investment (ROI) is critical for success in this
cost-conscious market."
With falling prices, mobile video surveillance technology is expected to
see a much faster adoption in lucrative segments such as school bus and taxi
cabs.
Emerging market participants can survive only if they establish a strong
relationship in the value chain and offer solutions at a competitive price.
Companies can also gain an edge by leveraging their existing expertise to tap
opportunities in more promising mass-transit and police vehicle applications
and other regions.
If you are interested in more information on this study, send an e-mail
to Joanna Lewandowska, Corporate Communications, at
joanna.lewandowska@frost.com, with your full name, company name, title,
telephone number, company e-mail address, company website, city, state and
country.
Opportunities in the World Mobile Video Surveillance Market is part of
the Automatic Identification & Security Growth Partnership Services
programme, which also includes research in the following markets: European
electronic access control security markets, European security convergence
market, EMEA biometrics market, distribution channel analysis for European
security systems, opportunities in the European intrusion detection systems
market, North American government physical and logical security market, world
residential security market and security in the global utilities market. All
research services included in subscriptions provide detailed market
opportunities and industry trends that have been evaluated following
extensive interviews with market participants.
About Frost & Sullivan
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Opportunities in the World Mobile Video Surveillance Market M433-11 Contact: Joanna Lewandowska Corporate Communications - Europe P: +48-22-390-41-46 E: joanna.lewandowska@frost.com
www.frost.com
Joanna Lewandowska of Corporate Communications - Europe, +48-22-390-41-46, joanna.lewandowska at frost.com
Tags: Frost & Sullivan, London, United Kingdom