SecurityWorldMarket

17/07/2019

Government & transport drives UAE surveillance market

Hadapsar, India

According to 6wresearch, the UAE video surveillance market is expected to grow at a CAGR of 4.0% during 2019-25. Growing public infrastructure, increasing IT spending as well as booming construction sector would propel the growth of video surveillance market during the forecast period.

The UAE video surveillance market has witnessed a modest growth rate during 2018-19 owing to several government initiatives such as the Dubai Smart City Initiative, National Plan 2020 and Vision 2021. Additionally, several infrastructural projects such as the Dubai Metro, Abu Dhabi metro, construction of new retail malls and a number of residential and commercial projects are in the pipeline under these initiatives, boding well with the growing demand for installation of video surveillance in these facilities during the forecast period.

According to Gurbani Kaur, Research Analyst, Research and Consulting, 6wresearch, among IP and analogue type of video surveillance, IP video surveillance cameras accounted for the majority of the revenue share in the UAE video surveillance market in 2018 and the same trend is expected to continue during the forecast period as well due to a shift in consumer preference from analogue to IP video surveillance as the latter provides better video quality along with superior storage capacity.

Moreover, the government and transportation vertical held a majority of the share in the UAE video surveillance market in 2018 and is anticipated to maintain its dominance during the forecast period as well due to strict government regulations on account of increasing safety concerns as well as upcoming projects in the transportation sector such as the Dubai Metro, Abu Dhabi Metro and the expansion of the Dubai Airport.

According to Alpana Tyagi, Research Associate, Research and Consulting, 6wresearch, "Dubai has remained a major market for video surveillance systems in recent years due to certain infrastructural development projects undertaken in the city in preparation for the World Expo 2020.

However, the video surveillance market revenues for the Abu Dhabi region are expected to grow at a faster rate during the forecast period as compared with the Dubai video surveillance market revenues over the same period due to the rapidly growing tourism sector in the city along with upcoming infrastructure development projects pipelined in Abu Dhabi," Alpana concluded.

Some of the key players mentioned in the report on the UAE video surveillance market include: Axis Communications, Avigilon Corporation, Hanwha Techwin, Robert Bosch, Dahua Technology, Hikvision, Honeywell, Pelco and CP Plus.


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