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Video surveillance is systems, devices, & services used principally for applications like monitoring people, facilities, or places remotely or from a distance. These services are seen as highly useful & economical methods to strengthen the security systems for people, buildings, and valuable assets. In the UAE, the demand for video surveillance systems & services is gaining swift traction across commercial, residential, industrial, & institutional sectors.
Market Insights
The UAE Video Surveillance Market is projected to grow at around 4% CAGR during the forecast period, i.e., 2021-26. The growth of the market is likely to be driven primarily by the rapidly increasing need to enhance the overall safety & security across different sectors like commercial, residential, industrial, etc., to monitor activities closely & remotely.
In addition, rapid technological advancements in surveillance technology like cloud computing are shaping the interface of video surveillance systems & boosting their demand across the country. Besides, these systems are gaining swift traction, owing to the growing penetration of cameras across corporate organizations.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2016-19 |
| Base Year: 2020 | |
| Forecast Period: 2021-26 | |
| CAGR (2021-2026) | 4.00% |
| Key Companies Profiled | 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. |
| Unit Denominations | USD Million/Billion |
Moreover, the majority of organizations being dependent on surveillance cameras for security, massive budgets of organizations, coupled with an increasing number of data centers and operations associated with centralized data, are other crucial aspects projected to boost the demand for surveillance cameras & systems and drive the market in the coming years.
Impact of Covid-19 on the UAE Video Surveillance Market
The advent of Covid-19 in 2020 had a decelerating effect on most industries across the UAE, where the Video Surveillance Market was no exception. With the imposition of stringent movement restrictions & lockdowns by the UAE government to curb the spread of this dreadful disease, the market underwent several unprecedented challenges.
Disruptions in the supply chain due to hampered transportation & logistics resulted in delays in the deliveries of pre-produced video surveillance systems & raw materials required for the production of these systems. Additionally, leading players in the market witnessed a decline in the demand for these services owing to the paradigm shift of organizations toward work-from-home culture.
However, on the other hand, the market witnessed a temporary hike amidst the crisis owing to the escalating demand for these services for surveillance & monitoring situations across containment zones, streets, & other areas to survey the conditions & laws by the government. Nonetheless, with the gradually declining number of Covid-19 cases, the government uplifted the restrictions & allowed the recommencement of business operations. It, in turn, generated lucrative opportunities for the leading players in the market to offer services across end-user industries and introduce new video surveillance devices in the coming years.
