uae video surveillance market to surpass $290 million by 2021
DESCRIPTION
UAE Video Surveillance Market to Surpass $290 Million By 2021 February, 2015 Security & surveillance market is growing at significant rate in UAE. With rising public and private security spending, deployment of various security systems such as video surveillance systems, access control systems, and intrusion detection systems can be witnessed in the country. UAE has emerged as one of the key consumers of the video surveillance systems in Middle East region. With the growing need for intelligent security system and growing government initiatives, the video surveillance market in the country has increased tremendously. Further, rising competition has led to decrease in the average selling price of the video surveillance cameras, which has spurred its market. According to 6Wresearch, UAE Video surveillance market is projected to reach $293.1 Million by 2021. In UAE video surveillance market, IP based video surveillance systems have prominently fueled the growth of the overall market. InTRANSCRIPT
UAE Video Surveillance Market to Surpass $290 Million By 2021
Security & surveillance market is growing at significant rate in UAE. With rising public and private security spending, deployment of various security systems such as video surveillance systems, access control systems, and intrusion detection systems can be witnessed in the country. UAE has emerged as one of the key consumers of the video surveillance systems in Middle East region. With the growing need for intelligent security system and growing government initiatives, the video surveillance market in the country has increased tremendously. Further, rising competition has led to decrease in the average selling price of the video surveillance cameras, which has spurred its market. According to 6Wresearch, UAE Video surveillance market is projected to reach $293.1 Million by 2021. In UAE video surveillance market, IP based video surveillance systems have prominently fueled the growth of the overall market. Increasing demand for higher security cameras and government mandates has boosted the market for IP surveillance systems in the country. The IP based surveillance systems are expected to surge due to their adoption in the government projects.
Additionally, for upcoming World Expo 2020 more than $200 billion are expected to be spent over the expansion of existing and construction of new public & private infrastructures. In 2020, around 25 million visitors are expected in the country for the World Expo. To provide high security and monitor the activities, large number of security cameras would be deployed at various locations.
Amongst all verticals, government and transportation vertical has accounted for majority of the market revenues and is expected to maintain its market dominance in the forecast period. However, higher growth is anticipated in the commercial segment led by retail, offices, hospitality, and banking.
In UAE’s video surveillance market, northern region has pegged the key share of the market. Cities such as Dubai and Sharjah contributed to the region’s dominance. Dubai being the host city for the World Expo 2020, would witnessed huge deployment of security cameras in the coming years.
”UAE Video Surveillance Market (2015–2021)”provides in-depth analysis with 62 figures and 24 tables. The report estimates and forecast overall UAE Video surveillance
market by revenue, by Video surveillance system types such as Analog based, IP based, and software systems. Video surveillance market by regions such as northern UAE and southern UAE. The report also gives the insights on competitive landscape, price trends, company profiles, market drivers and restraints.