UAE Video Surveillance Market Size, Share, Demand, Trends, Growth Forecast Report by 2026

UAE has one of the highest per capita concentrations of surveillance cameras in the world. The UAE Video Surveillance market is anticipated to grow at an astronomical rate owing to the factors such as introduction of innovative technologies, burgeoning adoption of surveillance cameras at hotel apartments and commercial & residential complexes, and increasing integration of CCTV and surveillance due to stringent government regulations in order to enhance security and public safety. Moreover, rise in crime rate, launch of cloud-based video surveillance solutions coupled with burgeoning government initiatives such as National Plan 2020 and Dubai Smart City, and extensive deployment of CCTV cameras in order to reduce traffic-related offences are the major factors anticipated to propel the demand for video surveillance in UAE in the forecast period.

According to MarkNtel Advisors’ research report titled “UAE Video Surveillance Market Analysis, 2020”, the UAE Video Surveillance market is anticipated to grow at a CAGR of around 4% during 2021-26F. Based on End user, Commercial segment is expected to attain highest CAGR by 2026. The growth is attributed to burgeoning number of installations of surveillance systems in shopping malls, entertainment hubs, and hospitals along with strong growth in the hospitality sector due to host of international event thus, surging the investment toward commercial sector. Moreover, residential sector is also projected to grow at a sturdy rate due to launch of various residential development projects by the government and burgeoning demand for the adoption of video surveillance in cooperative societies and residential complexes.

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Key questions answered in the study:
1. What are the current and future trends of the Video Surveillance industry?
2. How the industry has been evolving in terms of end-user demand and application areas?
3. How the competition has been shaping across the countries followed by their comparative factorial indexing?
4. What are the key growth drivers and challenges for the Video Surveillance industry?
5. What is the customer orientation, purchase behavior, and expectations from the Video Surveillance firms across various regions?

“UAE Video Surveillance Market Analysis, 2020” provides comprehensive qualitative and quantitative insights on the industry potential, key factors impacting sales and purchase decisions, hotspots, and growth opportunities available for Video Surveillance providers across the country. Moreover, the report also encompasses the key strategic imperatives for success for competitors along with strategic factorial indexing measuring competitor's capabilities on 16 parameters. This will help companies in the formulation of Go to Market Strategies and identifying the blue ocean for its offerings.

For detailed Report visit: https://www.marknteladvisors.com/research-library/uae-video-surveillance-market.html

Based on Connectivity, Wireless video surveillance acquired significant market share in 2019 due to the rising popularity of wireless security camera systems in houses and business offices as they are less expensive in comparison with wired ones and do not require any video extension cables through walls or ceilings as they use Wi-Fi or Bluetooth as per distance of communication.

Dubai Acquired the Largest Chunk in the Market
Dubai grabbed the largest chunk in the UAE video surveillance market in 2019. This is due to significant rise in public and private security spending, burgeoning investment toward infrastructural development and surging demand for high security camera. Besides these, introduction of various surveillance camera programs by the government in order to decrease traffic accident-related deaths, to prevent crime and any negative incidents in residential and commercial areas coupled with launch of technologically advanced camera integrated with Internet of Things (IoT) and emergence of Mega-projects are some of the factors strongly contributing toward the growth of Video Surveillance Market in the forthcoming period as stated in MarkNtel Advisors’ research report “UAE Video Surveillance Market Analysis, 2020”.

According to MarkNtel Advisors, the key players with a considerable market share in the UAE Video Surveillance market are Aavigilon Corporation, Axis Communication AB, Hanwha Techwin Middle East FZE, Honeywell International Inc., Bosch Security System Inc., CP Plus FZE, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Pelco Inc., etc.

Market Segmentation:
1. By Component (Camera [Analog Camera, IP Camera {Fixed Camera, Pan/Tilt/Zoom (PTZ) Cameras, Others (Thermal, Panoramic, etc.)}])
2. By Connectivity Type (Wired, Wireless)
3. By Resolution (Standard Resolution, Megapixel Network Camera, High Definition Camera, Monitor [LCD, LED, Others])
4. By Media (Hard Disk Drive (HDD), Solid State Drives (SSD), Optical Storage Media)
5. By Technology (Storage Area Network, Direct Attached Storage, Network Video Recorder, Network Attached Storage, Digital Video Recorder, Unified or Hybrid Storage, Software [Video Content Analytics, Video Management Software], Accessories [Cables, Encoders, Services {Video Surveillance as a Service, Managed Service, Hosted Service, Hybrid Service}])
6. By End-User (Infrastructure, Commercial, Residential, Industrial, Institutional)
7. By Region (Dubai, Abu Dhabi & AI Ain, Sharjah & Northern Emirates),
8. By Company (Aavigilon Corporation, Axis Communication AB, Hanwha Techwin Middle East FZE, Honeywell International Inc., Bosch Security System Inc., CP Plus FZE, Zhejiang Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Pelco Inc., etc.)

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MarkNtel Advisors is a leading research, consulting and data analytics firm that provides a wide range of strategic reports on diverse industry verticals to a substantial and varied client base that includes multinational corporations, financial institutions, governments, and individuals.

We specialize in niche industries and emerging geographies to support our clients in the formulation of strategies viz. Go to Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, trend analysis, etc. in around 15 industry verticals to enable our clients in identifying attractive investment opportunities and maximizing ROI through an early mover advantage.

This release was published on openPR.