Press release
2025-2034 Gulf Cooperation Council (GCC) Video Surveillance Camera Market Evolution: Disruptions, Innovations, and Untapped Opportunities
Gulf Cooperation Council (GCC) Video Surveillance Camera
Gulf Cooperation Council (GCC) Video Surveillance Camera Market Size Growth Forecast: What to Expect by 2025?
The video surveillance camera market in the Gulf Cooperation Council (GCC) has seen a swift expansion in the past few years. It is projected to rise from $1.75 billion in 2024 to $2.00 billion in 2025, with a compound annual growth rate (CAGR) of 14.1%. This growth during the historic period is due to several factors including increased urbanization, heightened concerns about public safety, escalation of infrastructure development, climbing crime rates, and expanded government surveillance initiatives.
How Will the Gulf Cooperation Council (GCC) Video Surveillance Camera Market Size Evolve and Grow by 2029?
In the coming years, the market size for video surveillance cameras in the Gulf Cooperation Council (GCC) is projected to see quick expansion. The market is anticipated to reach $3.35 billion by 2029, with a compound annual growth rate (CAGR) of 13.8%. The ascent in the forecast period is attributable to factors such as the increased adoption of AI-enhanced cameras, the escalating demand for smart city initiatives, the growing requirement for real-time surveillance, enhanced integration with IoT devices, and increased investment in essential infrastructure. Notable trends throughout the forecast period will be progress in facial recognition technology, the technological shift from analog to IP cameras, the emergence of cloud-based video storage, innovation in wireless surveillance options, and advancements in edge-based video processing.
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What Drivers Are Propelling the Growth of Gulf Cooperation Council (GCC) Video Surveillance Camera Market Forward?
The increase in incidents of cybercrime are driving market growth because of improved physical security and the monitoring of threats.
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What Are the Key Trends Driving Gulf Cooperation Council (GCC) Video Surveillance Camera Market Growth?
Major firms in the Gulf Cooperation Council (GCC) video surveillance camera industry are concentrating on creating innovative solutions like AI-based radiometric thermal cameras to boost safety surveillance, enhance threat identification, and provide instantaneous analytics for essential infrastructure and public safety. The term AI-based radiometric thermal camera applies to a thermal imaging device that merges artificial intelligence algorithms with infrared radiation detection to identify precise temperature variations and individuals or objects while delivering real-time analytics for security, safety, or industrial supervision. In January 2024, for example, Hanwha Vision Co. Ltd., a video surveillance company from South Korea, launched a wide range of AI-powered security solutions aimed at intensifying real-time threat identification, analytics, and automated supervision across commercial and industrial areas. It offers advanced real-time detection and analysis that boosts safety by minimizing false alerts and permitting quick, precise responses to incidents. These solutions augment operational efficiency by improving resource distribution and simplifying inquiries with accurate data analytics. The aim of these solutions is to shift surveillance from passive observation to proactive security and business intelligence, assisting organizations in safeguarding assets, ensuring safety, and promoting more intelligent decision-making.
What Are the Key Segments in the Gulf Cooperation Council (GCC) Video Surveillance Camera Market?
The gulf cooperation council (GCC) video surveillance camera market covered in this report is segmented
1) By Type: Analog Cameras, Internet Protocol (IP) Cameras
2) By Force Capacity: Up To 250 Pounds, 250 Pounds To 1,000 Pounds, Above 1,000 Pounds
3) By End-User: Banking, Financial Services And Insurance (BFSI), Government And Defense, Commercial, Manufacturing And Construction, Healthcare, Logistics And Transportation, Residential, Other End-Users
Subsegments:
1) By Analog Cameras: Wired Analog Cameras, Wireless Analog Cameras
2) By Internet Protocol Cameras: Wired Internet Protocol Cameras, Wireless Internet Protocol Cameras, High Definition Internet Protocol Cameras, Ultra High Definition Internet Protocol Cameras
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Who Are the Key Players Shaping the Gulf Cooperation Council (GCC) Video Surveillance Camera Market's Competitive Landscape?
Major companies operating in the gulf cooperation council (GCC) video surveillance camera market are Robert Bosch GmbH, Panasonic Holdings Corporation, Schneider Electric SE, Honeywell International Inc, Hikvision FZE, Zhejiang Dahua Technology Co Ltd, Hanwha Techwin Middle East FZE, ZKTeco Co Ltd., IDIS Holdings Co Ltd, Verkada Inc, Avigilon Corporation, Genetec Inc., CP Plus, Eagle Eye Networks Inc, Guangzhou Longse Technology Co Ltd, Shenzhen Sunell Technology Co Ltd, GeoVision Inc, Digital Watchdog Inc, Milesight Technology Co Ltd., Prolab Security, and Tiandy Technologies Co Ltd.
What Geographic Markets Are Powering Growth in the Gulf Cooperation Council (GCC) Video Surveillance Camera Market?
North America was the largest region in the gulf cooperation council (GCC) video surveillance camera market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in gulf cooperation council (GCC) video surveillance camera report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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