Middle East and Africa Video Surveillance Market Outlook (2022-2028) | Size, Share & 6wresearch
Middle East and Africa Video Surveillance Market Overview
Middle East Video Surveillance Market witnessed a steady growth during 2018-19 as a result of several mandatory government regulations implied upon businesses for compulsory installation of video surveillance systems in shops and public areas in several countries The upsurge in the construction activities in different horizons of commercial and residential spaces entailing the new projects related to hotels, resorts, entertainment centres, shopping malls and the huge influx of FDI in the retail and construction sectors were the key catalysers for the overall growth of video surveillance solutions across the region. However, the novel COVID-19 has disrupted the overall economy in countries, leaving its negative imprint on numerous sectors and refraining the growth of surveillance market during the year 2020.
According to 6Wresearch, MEA Video Surveillance Market size is projected to grow at CAGR of 4.1% during 2022-2028. The government initiatives for installation of video surveillance systems for traffic management, rapid infrastructural growth, and reforms in the education and BFSI vertical coupled with rising awareness among the end-users and businesses in the countries about the advantages of video surveillance solutions would act as a critical driving force behind the growth of the market in the country during the forecast period. The growing need for perimeter security & surveillance of critical infrastructure and government facilities would further augment the demand for video surveillance solutions from government and transportation sector in the forthcoming period. Moreover, the consumers are likely to shift their preferences from analog video cameras to IP/Network-based cameras due to its connectivity over IoTs.
Market by Country Analysis
By countries, Turkey accounted for the largest Middle East and Africa Video Surveillance market share in 2021 and is also expected to be at the top in the forecast years owing to high terrorist attacks in the country for which government has installed video surveillance camera across the borders and in all the public places to keep an eye on irregular activities. It is followed by UAE and Saudi Arabia on account of their growing urbanization, theft and increasing crime rate along with growth in construction projects in the transportation, hospitality, industrial and commercial verticals.
Key Highlights of the Report
- Middle East and Africa Video Surveillance Market Overview
- Middle East and Africa Video Surveillance Market Trends
- Middle East and Africa Video Surveillance Market Outlook
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Drivers and Restraints
- Company Profiles
- Key Strategic Recommendations
- Competitive Benchmarking
- Middle East and Africa Video Surveillance Market Forecast
- Middle East and Africa Video Surveillance Market Revenue Ranking, By Companies
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