Middle East Electronic Security Market is Expected to Grow at CAGR of 22% From 2017-2022: Ken Research
GURUGRAM, India, November 5, 2018 /PRNewswire/ --
Middle East Electronic Security Market Outlook to 2022 - by Region (North, Central, West, East and South), by Type (Video and Monitoring Systems and Restricted Entry System), by Type of Video and Monitoring Systems (Video Surveillance, Access Control, Intruder Detection) by Type of Restricted Entry System (Traffic Barriers & Accessories, Walkthrough Metal and Passenger Baggage Detectors, Turnstiles and E-Gates, Automation Systems for Gates, Doors, Garage Doors and Shutters, Automatic Retractable Traffic Bollards)
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- Artificial Intelligence is the latest technology that is being used in the sector in various domains such as Automatic Number Plate Reader (ANPR) and Video analytics. Integration of these technologies leads to better utilization of security systems to provide high level of security.
- Government which earlier mandated the use of electronic security equipments in key sectors has made the use of electronic security systems in other sectors also, which has lead to increase in demand from sectors such as healthcare, financial services, hospitality.
- Qatar world cup 2022 and Dubai expo 2020 are some of the projects which will drive the infrastructure growth in the region and thus bring huge demand from the government sector for electronic security equipments.
The market for electronic security in Middle East is expected to register double digit growth as it has gained fresh momentum due to enhanced focus of the government. Demand for electronic security equipments will be largely driven by smart home, commercial infrastructure and compliance to government regulation. In the last few years, these sectors have seen rapid growth in various regions across the Middle East. The political conditions are also playing a major role in acceptance of electronic security due to increasing security concerns. The hospitality and banking sector are the major end users of electronic security equipments. New technologies such as Internet of Things (IoT) and Artificial Intelligence (AI) have a wide application in the sector, although Middle East is yet to stride in this area as advanced technologies is limited to few projects in the market which is expected to grow by manifold in the near future.
The competition in the market is divided on the type of security systems provided such as monitoring and surveillance systems or restricted entry systems. The monitoring and surveillance systems will continue to account for majority of the revenue generated in the market. The market dynamics across the Middle East has some common feature as well as different features which vary with social, economic and political scenario of the region. Central (KSA, Iraq, Jordan) and northern region (Turkey, Syria, Cyprus) will drive majority of demand from the market in the future. Southern region's (Oman, UAE, Yemen) growth will surpass others in the entire Middle East. The demand from western region (Lebanon, Israel, Egypt, Palestine) will grow at slowest rate and will be mainly due to saturated market in Israel and poor economic conditions in Lebanon.
Analysts at Ken Research in their latest publication "Middle East Electronic Security Market Outlook to 2022 - By Monitoring and Surveillance (CCTV, Access Control and Intruder Detection), Restricted Entry Systems (Traffic Barriers, Turnstiles, Detectors, Automated Gates, Traffic Bollards)" believe that revamping the distribution system, introduction of new technologies such as artificial intelligence and e-governance will help in maximizing the delivered value from manufacturers, system integrators and government to the end users. Manufacturers should focus on increasing the perceived value of their products by communicating the long term benefits of their products.
Middle East electronic security market is expected to register positive CAGR of around 22% during the period 2017-2022 with central region expected to gain lion share of the market.
Key Segments Covered
By Type
- Monitoring and Surveillance
- Restricted Entry System
By Monitoring and Surveillance
- CCTV
- Access Control
- Intrusion detection
By Restricted Entry System
- Traffic Barriers & Accessories
- Walkthrough Metal And Passenger Baggage Detectors
- Turnstiles and E-Gates
- Automation Systems for Gates, Doors, Garage Doors And Shutters
- Automatic Retractable Traffic Bollards
By Region
- North
- South
- East
- West
- Central
Key Target Audience
- Electronic Security Companies
- Restricted Entry System Equipment Manufacturers
- System Integrators
- Venture Capitalists
- Startups in Electronic Security
- Research and Development Firms
- Software Companies
- Security Analytics Companies
Time Period Captured in the Report:
2012-2017 - Historical Period
2017-2022 - Future Forecast
Companies Covered:
Electronic Security Equipment Manufacturers:
- Bosch
- Honeywell
- Axis
- Pelco
- Hanwha Techwin
- Hikvision
- Avigilon
- FLIR System
- IndigoVision
- Panasonic
- Arecont Vision
Restricted Entry System Manufacturers
- Building Defense System
- Gallagher Security
- Cochrane
- ASEC
Rapiscan Systems - Fast lane
- Harris
- Cam
- Kaba Doors
System Integrators:
- Group 5
- G4S
- SeedIS
- SSS Co.
Keywords
- Electronic security Industry Middle East
- Government regulations Middle East
- CCTV Revenue Saudi Arabia
- Electronic security market in UAE
- Intrusion detection Market Kuwait
- Major system integrators in Middle East
- Electronic security equipment manufacturers Middle East
- Turkey Electronic Security Market
- Market Share Electronic Security KSA
- UAE Electronic Security Revenue
- Restricted Systems Market GCC
- Intrusion Detection Industry Middle East
- Video Surveillance System Market GCC
- Monitoring and Surveillance System Market Middle East
- Traffic barriers & accessories Market Middle East
- Walkthrough metal Detectors Middle East
- Passenger Baggage Detectors Market
- Turnstiles and e-Gates Market
- System Integrators Electronic Security Market Share
- Cost Security System Installation
- Automation systems gates, doors, garage doors and shutters Market
- Automatic retractable traffic bollards Market
- Honeywell electronic security Middle East
- HIK vision Middle East.
- Security issues infrastructure development Middle East.
- Security requirements smart city Middle East
- G4S system integrators
- Bosch in Middle East
- ANPR in Middle East
- AI Middle East electronic security
- Integrated security in Middle East
- Samsung techwin Middle East
- Electronic security license procurement
For more information on the research report, refer to below link:
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