Middle East and Africa Video Surveillance Market Report 2022 featuring Axis Communications, Bosch, Hanwha, Hangzhou, Pelco, Avigilion, Honeywell, Panasonic, Zhejiang Dahua Technology and Cisco – ResearchAndMarkets.com | Wbactive

DUBLIN–(BUSINESS WIRE)–Middle East And Africa Video Surveillance Market Outlook: Market Forecast By Components (Video Surveillance System Cameras, Video Surveillance System Recorder, Video Surveillance System Encoder and Video Management Software, By Verticals, By Countries and Competitive Landscape) report has been released added to ResearchAndMarkets.com Offer.

The Middle East and Africa Video Surveillance Market Size is forecast to grow at a CAGR of 4.1% over the period 2022-2028.

The Middle East and Africa Video Surveillance Market report comprehensively covers the market by component, application, and country. The Middle East and Africa Video Surveillance Market report provides an unbiased and detailed analysis of the current trends, high growth opportunities/areas, and market drivers that would help stakeholders to develop and align their market strategies according to the current and future market dynamics.

Overview of the Middle East and Africa Video Surveillance Market

The video surveillance market in the Middle East and Africa experienced steady growth in 2018-19 due to multiple mandatory government regulations imposed on companies to install video surveillance systems in shops and public areas in several countries

The increase in construction activity in different horizons of commercial and residential space, which brought new projects related to hotels, resorts, entertainment centers, shopping malls and the huge influx of foreign direct investment into the retail and construction sectors were the main catalysts for the overall growth of video surveillance solutions across the region.

However, the novel COVID-19 has disrupted the overall economy in the countries, leaving its negative mark on numerous sectors and holding back the growth of the surveillance market in 2020.

The growth of video surveillance market in Middle East and Africa is likely to take place during the forecast period due to rising disposable income, urbanization, increasing terrorism, crime and increasing installation of cameras in public places.

The government initiatives to install video surveillance systems for traffic management, rapid infrastructure growth and reforms in the education and BFSI industries, coupled with a rising awareness of the benefits of video surveillance solutions among end users and businesses in the countries would play a key driving force behind the Growth of the market in the country over the forecast period.

The growing need for perimeter security and surveillance of critical infrastructure and government facilities will further increase the demand for video surveillance solutions from the government and transportation sectors in the coming period. Additionally, due to connectivity via IoTs, consumers are likely to shift their preferences from analog video cameras to IP/network-based cameras.

Market analysis by components

By component, video surveillance camera acquired more than 40% of the market share in terms of revenue.

They are predicted to witness significant growth over the forecast period owing to the increasing demand for cameras in public spaces such as streets, shopping malls, construction sites, etc. for surveillance.

Recorders would account for the second highest volume and revenue share in the market as they locally monitor all cameras connected to the network and allow the user to back up recordings. With the growing need for security, high definition technologies in video surveillance are expected to enter the market during the forecast period

Market analysis by country

By country, Turkey accounted for the largest video surveillance market share in the Middle East and Africa in 2021 and is expected to remain at the top in the forecast years as the country for which the government has installed video surveillance cameras across borders has many terrorist attacks have been committed and in all public places to keep track of irregular activities.

They are followed by the United Arab Emirates and Saudi Arabia due to their increasing urbanization, theft and rising crime rates, as well as the growth of construction projects in transportation, hospitality, industry and commerce.

In addition, the governments of several countries such as UAE, Turkey and Saudi Arabia are focusing on improving the security system in countries that include the requirement for longer video retention as well as less downtime and loss of video situation. These factors would further fuel the demand for video surveillance systems in the region in the years to come.

Main attraction of the report

  • Impact of COVID-19 on the market.

  • 10 years of market figures.

  • Historical data from 2018 to 2028.

  • Base year: 2021

  • Forecast data to 2028.

  • Key performance indicators influencing the market.

  • Important upcoming developments and projects.

  • Key highlights of the report

  • Middle East and Africa Video Surveillance Market Overview

  • Video Surveillance Market Outlook in Middle East and Africa

  • Middle East and Africa Video Surveillance Market Forecast

  • Historical Data and Forecast of Video Surveillance Market Revenue in Middle East and Africa for the period 2018-2028F

  • Historical data and forecasts of revenue and volume of the Middle East and Africa Video Surveillance Market by component for the period 2018-2028F

  • Historical data and forecasts of revenue and volume of the Middle East and Africa Video Surveillance Market by Application for the period 2018-2028F

  • Historical data and forecasts of revenue and volume of Middle East and Africa Video Surveillance Market by country for the period 2018-2028F

  • Market Drivers and Constraints

  • Industry Life Cycle

  • Porter’s Five Forces Analysis

  • Impact analysis of COVID-19

  • Middle East and Africa Video Surveillance Market Trends

  • Middle East and Africa Video Surveillance Market Revenue Ranking by Company

  • competitive comparison

  • company profiles

  • Important strategic recommendations

companies mentioned

  • Axis Communications AB

  • Bosch group

  • Hanwha company

  • Hangzhou Hikvision Digital Technology Co.Ltd

  • Pelco company

  • Avigilion company

  • Honeywell Security Group

  • Panasonic Corporation

  • Zhejiang Dahua Technology Co.Ltd.

  • Cisco Systems Inc.

Market Scope and Segmentation

By components

  • video surveillance cameras

  • Analog camera

  • IP/Network Camera

  • Wired Camera

  • wireless camera

  • video surveillance recorder

  • Network Video Recorder

  • Digital video recorder

  • Video Surveillance Encoder

  • video management software

After applications

  • Banks & Finance

  • Government & Transport

  • Retail & Logistics

  • commercial offices

  • Industrial manufacturing

  • residential

  • Hospitality & Healthcare

  • educational institutions

By countries

  • UAE

  • Bahrain

  • Egypt

  • Kuwait

  • Morocco

  • Nigeria

  • Oman

  • Qatar

  • Saudi Arabia

  • South Africa

  • Turkey

For more information about this report, visit https://www.researchandmarkets.com/r/si1amo

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