UAE Electronic Security Market is Expected to Reach USD 370 Million in Future – ken Research

The market for electronic security  was still in its infancy stage in many Middle East countries which attracted many global players to establish their offices in the region. Axis communication opened its first office in 2013 in the region.

Government continued to remain the major contributor in the real estate sector, participation by government was both through direct lending through outside market mechanism and participation of government through state controlled banking system. This helped the market to recover faster than expected; creating demand for electronic security devices in the real estate sector for both commercial and residential buildings.

Rise in demand for facilities management had also been one of the key drivers for growth of electronic security system in the region. These devices help in better monitoring the working environment to improve efficiency.

A large sum of money in electronic security is spent in tourism and related industries. Such investments include both government (securing key markets, tourist destinations and transport facilities) and private sector (hotels, spas, restaurants and recreational parks.

Rise in demand for smart home solution had a positive impact on the market as it led to demand for electronically controlled surveillance system that monitors each and every movement of the individual in an area and control the features accordingly.

In 2016, market for video surveillance retained its high market share on account of growth in demand from places experiencing significant footfall such as malls, markets, and other places of tourist destinations.

The video surveillance systems comprise of products such as CCTV cameras, which can be further classified as analog and IP-based. The fire detection systems segment is government regulated and these systems have experienced a gradual upsurge in demand as it is mandatory to deploy fire alarm systems in all commercial and residential buildings. Intrusion alert system/Intrusion alarms are most popular amongst banks and financial institutions. These products generated significant demand from residential sector.

Honeywell offers electronic security for commercial building in a wide range of products for small offices, commercial solutions and enterprise solutions. Its range of products include Video systems, intrusion alarm systems, voice alarm systems, fire alarm system and access control system along with software support of these products.

Bosch products are best suited to be used at airports, railway stations, stadiums, conventions centers, and industrial sectors.

For more information on the market research report please refer to the below link:

https://www.kenresearch.com/defense-and-security/security-devices/uae-electronic-security-market/94351-16.html

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Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

UAE Electronic Security Market Outlook to 2021 – Creating Smart Surveillance, Safety and Security System to Drive Market Growth- Ken Research

Latest Ken Research Report  titled “UAE Electronic Security Market Outlook to 2021 – Creating Smart Surveillance, Safety and Security System to Drive Market Growth” provides a comprehensive analysis of electronic security market in UAE. The report focuses on overall market size for sale of electronic security equipments in UAE, segmentation on the basis of type of product (CCTV, intrusion alarm, access control, fire alarm and others), sub-segmentation on the basis of technology and by sector of application. The report also covers major players, role of consultants and system integrators, decision making matrix, trends and developments. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

UAE is federation of seven emirates which includes Dubai and Abu Dhabi. In 2011, UAE electronic security market was estimated at USD ~ million which increased to USD ~ million in 2016. There are many big malls and shopping complexes in Dubai, Abu Dhabi and Sharjah. Dubai is the most important shopping destination in the country. UAE emirates have increased their investment in electronic surveillance to develop world class infrastructure that is on par with most developed countries in the world. Strict implementation of Abu Dhabi's International Fire Code, change in focus of the government to shift the economic activity from oil based economy, rise in demand for smart home solution, increase in the number of air passengers were some of the key factors driving the sale of electronic security devices.
CCTV cameras used for electronic security were the key component for electronic security devices market in UAE. In 2016, CCTV sales generated revenue of USD ~ million. IP based cameras are most popular. Fire alarm system constituted ~% of UAE electronic Security market in 2016. Intrusion alarms accounted for ~% of electronic security system market in UAE and generated revenue of USD ~ million in 2016. Access control system had market share of ~% on the basis of revenue in 2016. Commercial office application has accounted for ~% share in access control market.
Improved implementation of regulatory norms, growth of UAE’s economy and rise in per capita gross national income of local people and expats has leveraged the buying capacity of people. A significant proportion of investment in the country has been intended towards improving the quality of infrastructure. Increasing number of railway stations, airports, schools, colleges, hospitals, offices and shopping malls have urged the need of installing electronic security products. The companies and government are putting a lot of efforts to educate people about the need to use reliable, efficient and high quality electronic security systems. Dubai is aiming to become smartest city in world which is expected to boost the demand for electronic security equipments. Increased used of artificial intelligence will increase the role of these devices.
All the seven emirates within the country are inviting global companies to set up its manufacturing facility in the region thereby further boosting the growth of industrialization. It is expected to boost the demand for electronic security devices in the region. Global companies such as Unilever, Ashok Leyland, and others have plans to start manufacturing in the country. Investment from government, law enforcement agencies and private companies are allocating more budgets to control terrorist attacks. All these factors are expected to have positive impact on the market and it is estimated that revenue from sale of electronic security devices may reach USD ~ million in 2021. The plans to improve the monitoring capabilities of its law enforcement agencies will further boost the market for electronic security devices as many old CCTVs and alarms will be replaced with more advanced and multifunctional electronic security devices.

Key Topics Covered in the Report.

• Value chain analysis
• Role of consultants and system integrators
• Decision making matrix
• UAE electronic security market size by revenue, 2011-2016
• UAE Electronic Security Market segmentation by type of product and sub-segmentation by technology and by application
• Major players in UAE Electronic Security Market
• Rules and regulations in UAE Electronic Security Market
• Major Trends and developments
• UAE electronic security market future outlook
• Analyst Recommendation

For MoreCoverage Click On TheLinkBelow:
https://www.kenresearch.com/defense-and-security/security-devices/uae-electronic-security-market/94351-16.html
Related Reports by Ken Research
India Electronic Security Industry Potential to 2020 - Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities
China Electronic Security Market Outlook to 2019 - Public Infrastructure Spending and Innovations to Drive the Future
Malaysia Electronic Security Equipment Industry Outlook to 2018 - Increasing Demand for CCTV Cameras to Spur Growth
Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249