Inquire Before Buying - GCC Video Surveillance Market

GCC Video Surveillance Market Research Report: Forecast (2023-2028)

By Component (Camera, Monitor, Media, Storage, Software, Accessories), By Connectivity Type (Wired, Wireless), By Service (Video Surveillance as a Service, [Managed Service, Hosted...... Service, Hybrid Service]), By End Users (Infrastructure, Commercial, Residential, Industrial, Institutional), By Country (Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman), By Company (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) Read more

ICT & Electronics
Mar 2023
Pages 187
Report Format: PDF, Excel, PPT

Market Definition

Video surveillance is a system that consists of various components including cameras which are available in a wide range of styles and features, and they are a common component in a security system. In addition, video surveillance is mainly used for various security purposes like remote video monitoring, facility protection, monitor operations, vandalism deterrence, traffic monitoring, parking lots, and many others.

Market Insights & Analysis: GCC Video Surveillance Market (2023-28)

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.

Report Coverage	Details
Study Period	Historical Data: 2018-21
	Base Year: 2022
	Forecast Period: 2023-28
CAGR (2023-2028)	6%
Country Covered	Saudi Arabia, The UAE, Qatar, Kuwait, Bahrain, Oman
Key Companies Profiled	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
Unit Denominations	USD Million/Billion

Furthermore, with the rapid urbanization & increasing population density in the nations like the UAE, Saudi Arabia, Qatar, etc., public safety and security have become major concerns for governments, law enforcement agencies, and citizens. The use of video surveillance in public places such as airports, train stations, and shopping malls has become increasingly common, and there is a growing demand for solutions that could monitor and secure these areas.

Thus, the increasing concerns about public safety & security are driving the adoption of video surveillance solutions in the region, and it is expected to lead the market growth during the upcoming years as well. Along with this, the country capitalized the video surveillance technologies to curb the COVID-19 impact where the government of the country like the UAE installed surveillance cameras in the emirates to raise the detection rates of COVID-19.

Moreover, the growth in construction activities, both residential & commercial, has also contributed to the demand for the Video Surveillance Market in the GCC region during 2018-2022. The increase in construction projects has generated a requirement for video surveillance solutions that can secure & monitor these facilities. Thus, the growth in construction activities in the different economic sectors is driving the adoption of video surveillance solutions in the overall region, further enhancing the GCC Video Surveillance Market size.

Market Segmentation
Introduction
1. Product Definition
2. Research Process
3. Assumptions
Executive Summary
GCC Video Surveillance Market Venture Capital Investments Scenario
GCC Video Surveillance Market Trends & Insights
GCC Video Surveillance Market Dynamics
1. Growth Drivers
2. Challenges
GCC Video Surveillance Market Regulations, Policies & Standards
GCC Video Surveillance Market Supply Chain Analysis
GCC Video Surveillance Market Hotspots & Opportunities
GCC Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
    1. Camera
      1. By Type
        
        Analog Camera
        
        IP Camera
        
        Fixed Camera
        
        Pan/Tilt/Zoom(PTZ) Cameras
        
        Others (Thermal, Panoramic, etc.)
      2. By Resolution
        
        Standard Resolution
        
        Megapixel Network Camera
        
        High Definition Camera
    2. Monitor
      1. LCD
      2. LED
      3. Others
    3. Media
      1. Hard Disk Drive (HDD)
      2. Solid State Drives (SSD)
      3. Optical Storage Media
    4. Storage
      1. Storage Area Network
      2. Direct Attached Storage
      3. Network Video Recorder
      4. Network Attached Storage
      5. Digital Video Recorder
      6. Unified or Hybrid Storage
    5. Software
      1. Video Content Analytics
      2. Video Management Software
    6. Accessories
      1. Cables
      2. Encoders
  2. By Connectivity Type
    1. Wired
    2. Wireless
  3. By Service
    1. Video Surveillance as a Service
      1. Managed Service
      2. Hosted Service
      3. Hybrid Service
  4. By End Users
    1. Infrastructure
    2. Commercial
    3. Residential
    4. Industrial
    5. Institutional
  5. By Country
    1. Saudi Arabia
    2. The UAE
    3. Qatar
    4. Kuwait
    5. Bahrain
    6. Oman
  6. By Company
    1. Competition Characteristics
    2. Revenue Shares & Analysis
Saudi Arabia Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
The UAE Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
Qatar Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
Kuwait Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
Bahrain Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
Oman Video Surveillance Market Outlook, 2018-2028F
1. Market Size & Analysis
  1. By Revenues (USD Million)
2. Market Share & Analysis
  1. By Component
  2. By End User
GCC Video Surveillance Market Key Strategic Imperatives for Success & Growth
Competition Outlook
1. Competition Matrix
  1. Product Portfolio
  2. Target Markets
  3. Research & Development
  4. Strategic Alliances
  5. Strategic Initiatives
2. Company Profiles (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
  1. Axis Communication
  2. Bosch Security Systems
  3. Canon
  4. Hangzhou Hikvision
  5. Hanwha Techwin
  6. Honeywell
  7. Pelco
  8. Huawei Technologies
  9. Flir Systems
  10. CP Plus
  11. Cisco Systems
  12. Zhejiang Dahua Technology
  13. Panasonic Corporation
  14. Others
Disclaimer

MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:

1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.

2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.

3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.

4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making

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