The
report titled “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)” covers various aspects including introduction to Middle East
monitoring and surveillance and restricted entry systems market size, major players
in middle east electronic security market, Market segmentation by region (North,
Central, West, East and South), Market Segmentation by Type (Video and
monitoring systems and restricted entry systems), Growth Drivers, Restraints,
Key Regulations Future Outlook and Analyst recommendation.
This
report will help the readers to identify the ongoing trends in the industry and
anticipated growth in future depending upon changing industry dynamics in
coming years. The report is useful for system integrators, manufacturers,
distributors, resellers, end users, government and potential entrants and other
stakeholders to align their market centric strategies according to ongoing and
expected trends in the future.
Middle East
Electronic Security Market Overview
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, 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, and Arecont Vision
Restricted Entry System Manufacturers:-
Building Defense System, Gallagher
Security, Cochrane, ASEC, Rpidscan, Fast lane, Harris, Cam, and Kaba Doors
System Integrators: - Group 5, G4S, SeedIS and SSS Co.
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
For more
information refer to below link:-
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