The UAE Video Surveillance Market is anticipated to grow at a CAGR of around 4% during the forecast period of 2021-26, cites MarkNtel Advisors in their recent research report. It attributes to the growing focus of the UAE government on infrastructural developments, with the expansion of the commercial, residential, & industrial sectors through various construction projects, coupled with the mounting deployment of surveillance solutions to strengthen the security systems across the country.
Besides, the increasing establishment of several MNCs is also stimulating the demand for these solutions to monitor activities & assets in the facility. Moreover, the rapidly growing population & influx of migrants entwined with escalating cases of smuggling, thefts, burglary, etc., are other crucial aspects instigating the deployment of video surveillance solutions in the UAE.
It is encouraging the leading players in the market to develop robust surveillance solutions integrated with advanced technologies like Artificial Intelligence (AI) & the Internet of Things (IoT), and, as a result, boost the market in the coming years, further states the research report, “UAE Video Surveillance Market Analysis, 2021.”
Swiftly Expanding Commercial Sector to Boost the Market through 2026
The UAE Video Surveillance Market across the commercial sector is projected to be driven primarily by the increasing construction of shopping complexes, airports, metro stations, hotels, & resorts owing to the mounting focus of the UAE government on expanding the commercial sector in line with Vision 2030. It, in turn, is propelling the demand for video surveillance solutions to have a robust security system across these facilities and reduce the possibilities of crimes like thefts, burglary, etc.
Besides, the deployment of these surveillance solutions is also witnessing an upswing across the retail sector, i.e., among the prominent consumers of video surveillance solutions. Hence, the aspects cited above are set to lead the market to observe significant growth opportunities across the commercial sector during the forecast period, reveals MarkNtel Advisors in their research report, "UAE Video Surveillance Market Analysis, 2021."
According to MarkNtel Advisors, the leading players 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.
Key Questions Answered in the Research Report: