Press Release Description
The UAE Video Surveillance Market to Soar Due to Security Concerns in Building Premises
The UAE Video Surveillance market is projected to grow at a CAGR of around 4.35% in the forecast period of 2023-28, cites MarkNtel Advisors in the recent research report. The ongoing infrastructural development, such as rail networks, airports, etc., along with the mounting construction of residential & commercial buildings, have been leading to the demand for video surveillance in the UAE. In line with this, the surging cases of thefts & burglary in the country have also been supporting the market growth. To ensure that security procedures are adequately implemented throughout the country, numerous public locations, businesses, and residential areas have been focusing on installing video surveillance systems. According to the government of Dubai, nearly 300,000 cameras were installed in Dubai in 2021. This high number of video surveillance cameras also requires timely updates as well as changes in the existing systems, also assisting the demand for new video surveillance systems.
The increasing urbanization & the rising population in the UAE, have been creating security concerns for government to develop video surveillance implementation norms for several types of buildings, such as hotel apartments, business offices, retail malls, etc. In order to combat the anti-terrorism activities of the government, many of the video surveillance providing companies have also concentrated on developing new-age surveillance cameras. For instance:
In 2023, Axis Communication launched its blast-proof video cameras. The cameras are packed with stainless steel with a blast-proof cover, optimal to use in military locations, airports, oil & gas sites, etc. Thus, new product development related to video surveillance by the government would likely result in the significant deployment of video surveillance in hotels, gold & jewelry shops, airports, banks, clubs, residencies, etc. Moreover, the rising influx of tourism in the UAE resulted in the construction of commercial buildings like lavish hotels, mega malls, recreational hubs, etc. This, in turn, is expected to facilitate the demand for video surveillance in the forthcoming period, further states the research report, “The UAE Video Surveillance Market Analysis, 2023.”
Cameras are Anticipated to Foresee Large Scale Installations in the Forecast Years
Based on Components, the share is bifurcated into Cameras, Monitors, Media, Storage, Software & Accessories. Among all, the Cameras experienced notable sales between 2018 to 2022, due to the protection against burglary, theft cases, etc., in office areas, luxurious goods shops, residencies, etc. Further, the adoption of IP cameras in the UAE has been magnified by the growing demand for high-definition video surveillance, as well as the need for more flexible and cost-effective surveillance solutions. Some of the advantages provided by IP cameras have resulted in their large adoption in the UAE because they can be easily combined with other surveillance technologies, such as video analytics & facial recognition, to give increased security & intelligence capabilities. Therefore, owing to several advantages that they offer over analog cameras, such as higher image quality, remote access, and easy scalability, their adoption is estimated to supplement in the forecast years.
Wireless Type of Connectivity is Predicted to Account for Potential Market Share
The UAE Video Surveillance market is segmented into Wired & Wireless. Of these, Wireless connectivity cameras offer various advantages such as constant monitoring, greater mobility, flexibility, etc., which have led to their sizeable adoption in the UAE among the infrastructure sector, such as transportation like in the highways, bus terminals, etc. In parallel, residential buildings have also been witnessing the deployment of wireless video surveillance for home security purposes, as they are considered less invasive & can easily be installed at homes as well as integrated with smart alarms to catch thieves easily. Moreover, the growing number of expatriates in the UAE, coupled with the booming market demand for elite housing units by the UAE’s nationals, have been resulting in the construction of residential projects. This is further projected to upscale the deployment of video surveillance in the years to come.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Aavigilon Corporation, Axis Communication, 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., Huawei Technologies, and Others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping across the country?
- How has the buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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