DUBLIN–(BUSINESS WIRE)–The “Middle
East Electronic Security Market Outlook to 2022” report has
been added to ResearchAndMarkets.com’s offering.
Electronic security industry in Middle East region is still in the
growth stage and has registered positive a five year CAGR of during
2012-2017. The market size increased to almost USD 1 Billion.
The growth was mainly driven by implementation and amendments of
regulatory compliance to use the electronic security by the government
due to increasing security concerns. Technological innovations and
increased focus on infrastructure development has also resulted in
increase in demand of electronic security equipments. Digitization of
manual work by use of artificial intelligence, better scanning, reduced
interference of manpower, remote access and surveillance, and reducing
price with advancement and adoption of technology has helped the market
in achieving positive growth.
Market Segmentation
-
By Region: Central region of Middle East is the biggest market for
electronic security products accounting for the highest market share
in 2017. Saudi Arabia witnessed the highest sales of electronic
security equipments by value. It was swiftly followed by Northern
where Turkey leads the market and Western part where Israel is the
largest market. Heavy investments in infrastructure projects for
diversification of economy and government regulations are the major
reason behind the growth in the region. Long term plans for
development of the economy is adopted by many Middle Eastern countries
including UAE Vision 2021, Saudi Arabia 2030, Kuwait 2035 and similar
programs which are key drivers for demand of electronic security in
their respective countries. -
By Type: The market is dominated by monitoring and video surveillance
systems as it acquire highest sales value of the total share in the
electronic security market. The market is further categorized into
video surveillance, access control and intrusion detection systems.
Video surveillance has majority share and is largely dominated by high
definition IP cameras. Recording facility from 24 hours to 6 months
service and recording of other attributes for video analytics are sold
at premium. Restricted entry systems which constitutes significant
share in the electronic security market are mostly installed by manned
guarding companies and the technological advancement and adoption is
slow as compared to monitoring surveillance systems. The restricted
entry system was further segmented into various constituents, which
includes traffic barriers and accessories, Walk through metal
detectors and baggage detectors, Turnstiles and electronic gates,
automated doors, gates, garage doors and shutters, and automated
retractable traffic bollards.
Competition Scenario
The manufacturers of electronic security in Middle East sell their
products to end users through distributors and system integrators. The
report focuses on discussing the competitiveness of both major
manufacturers as well as system integrators present in the market.
The market is dominated by major global players although entrance of
some other players especially from China has resulted in change in
market dynamics. Different countries have different leading players in
each segment of technology. Major multinational companies are among the
top players in each country and the demand for their technologically
advanced and latest products is the key source for their revenue.
Commoditized products see a large competition with presence of many
leading and small players from across the globe.
Future Outlook
The market for electronic security in the region is estimated to grow
with rising demand from end users in both commercial and retail sector.
This market is primarily driven by video monitoring surveillance which
will acquire majority of market share. The market will primarily grow
due to requirements of surveillance cameras which have been made
necessary by the government in various countries. Among the regions,
central and northern region will drive majority of demand from the
market in the future. Usage of analytics in surveillance and monitoring
and remote or wireless access control and intrusion detection will key
value add that is expected drive the market in future.
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
- Walk through 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
Key Topics Covered
- Overview of Electronic Security Market in Middle East.
- Value chain analysis.
- Electronic Security Market Size by Revenue.
- Major Players in the Middle East Electronic Security Ecosystem.
-
Market Segmentation by Region (North, Central, West, East and South),
by Type (Video and Monitoring Systems and Restricted Entry Systems) - Restraints
- Growth Drivers
- Competitive Benchmarking of Major Manufacturers
-
Company profile of Major Manufacturers (Bosch, HIK vision, Samsung
Techwin, Pelco, Axis Communication) - Company profile of Major System Integrators (Group 5, G4S, SSS, SeedIS)
- Industry Scenario by Region
- Vendor Selection Process
- Key Regulations
- Future Outlook
- Analyst Recommendation
Companies Covered:
Electronic Security Equipment Manufacturers:
Bosch, Honeywell, Axis, Pelco, Hanwha Techwin, Hikvision, Avigilon, FLIR
System, IndigoVision, Panasonic, and Arecont Vision
Restricted Entry System Manufacturers
Building Defense System, Gallagher Security, Cochrane, ASEC, Rapiscan
Systems, Fast lane, Harris, Cam, and Kaba Doors
System Integrators:
Group 5, G4S, SeedIS, and SSS Co.
For more information about this report visit https://www.researchandmarkets.com/r/25xed
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Related
Topics: Physical
Access Control
