GCC Video Surveillance Market Overview:

According to MarkNtel Advisors study the GCC Video Surveillance Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28. The growth of the market is attributed to rising concerns of customers regarding safety, a boost in the construction sector, and an increase in IT spending. Moreover, mandatory installation of video surveillance systems in countries such as Saudi Arabia and the UAE, a rise in crime rate, escalating FDI and government spending, and growing tourism are some of the factors leading to the growth of the market in the forecast period.

Key Findings of the Study: GCC Video Surveillance market

Key Driver: Increasing Commercial Sector Development to Fuel the Market Growth

The governments in the UAE, Qatar, Saudi Arabia, Kuwait, etc., have been primarily focusing on the development of the commercial sector of the country intending to shift the base of its economy to the non-oil-based sector. The diversification plans are aimed at developing the non-oil economy sectors such as hospitality, retail, etc., to fulfill the needs of the population of their countries and to assure sustainable development even after the exhaustion of oil reserves. Therefore, the governments are investing and encouraging public-private partnerships for development in the sectors such as residential, commercial, and industrial.

Hence, ongoing construction projects such as Ain Dubai, The Royal Atlantis, Al Jahra, Riyadh, Doha, etc., have generated the demand for video surveillance cameras. Henceforth, with the upscaling of infrastructure projects, the sales of video surveillance components and solutions have been significantly rising in the region.

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Scope of the GCC Video Surveillance Market Report Segmentation

-By Component

  • Camera
  • Monitor
  • Media
  • Storage
  • Software
  • Accessories

-By Connectivity Type

  • Wired
  • Wireless

-By Service

  • Video Surveillance as a Service

-By End Users

  • Infrastructure
  • Commercial
  • Residential
  • Industrial
  • Institutional

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Geographical analysis:

-By Country

  • Saudi Arabia
  • The UAE
  • Qatar
  • Kuwait
  • Bahrain
  • Oman

Among all the nations, the UAE is expected to acquire a significant share of the GCC Video Surveillance market in the forecast years. The mandatory norms by the government of the UAE to implement video surveillance in a different types of buildings such as residential, commercial, etc., have been accelerating the demand for video surveillance in the UAE. The security concerns in the building premises insisted the government develop rules and regulations for the implementation of video surveillance.

Current Landscape of GCC Video Surveillance Market

The report delineates key market participants and thoroughly assesses their strategic approaches, trends, innovations, and manufacturing infrastructure, enabling a forecast of their market impact over the next five years. The meticulously researched data presented holds the potential to distinguish even nascent market entrants in the long term. Armed with pertinent data and actionable insights, our research report delivers a comprehensive overview of the market, empowering investors and stakeholders to establish a robust presence in the GCC Video Surveillance market. The research report profiles major players, including

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  • Axis Communication
  • Bosch Security Systems
  • Canon
  • Hangzhou Hikvision
  • Hanwha Techwin
  • Honeywell
  • Pelco
  • Huawei Technologies
  • Flir Systems
  • CP Plus
  • Cisco Systems
  • Zhejiang Dahua Technology
  • Panasonic Corporation
  • Others

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