GCC Video Surveillance Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of GCC Video Surveillance market which consists of regional and country-wise market size, market forecast, CAGR market segmentation, market shares of diverse regions and countries, market share of various end users, applications, product type, technologies, competitive benchmarking, etc.
According to MarkNtel Advisors’ research report titled “GCC Video Surveillance Market Analysis, 2020”, the GCC Video Surveillance market is anticipated to grow at a CAGR of around 6% during 2020-25F. The growth of the market is attributed to rising concerns of the customers regarding safety, boost in construction sector, and increase in IT spending. Moreover, mandatory installation of video surveillance systems in countries such as Saudi Arabia and the UAE, 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.
Commercial Acquired Significant market share
Based on end user, commercial segment acquired the significant market share in the GCC video surveillance market in 2019. This is due to rising demand for video surveillance in banks and financial institutions due to increasing number of fraudulent transactions & data theft, rise in number of ATM thefts, and surge in crime rate especially in retail sector. Moreover, the escalating government spending toward commercial sector and laid to strict government initiatives regarding compulsory installation of video cameras are projected to drive the growth of the market.
Moreover, the infrastructure segment is growing at a rapid pace. This is due to the rising inflow of FDI, upcoming construction projects such as shopping malls, airports, and metros, along with rising deployment of video surveillance in the public areas to ensure safety and reduce crime rate. Therefore, these factors are anticipated to drive the growth of the Video Surveillance market in GCC region in the near future as stated in the MarkNtel Advisors’ research report “GCC Video Surveillance Market Analysis, 2020”.
According to MarkNtel Advisors, the key players with a considerable market share in the GCC Video Surveillance market include Axis Communications, Bosch Security Systems, Canon, Hangzhou Hikvision, Hanwha Techwin, Honeywell, Pelco, Huawei Technologies, Flir Systems, CP Plus, Cisco Systems, Zhejiang Dahua Technology, and Panasonic Corporation.
Key Questions Answered in the Market Research Report:
Market Outlook, Segmentation and Statistics:
Frequently Asked Questions:
Q. What is the historical year, base year and forecast year considered in the research report on GCC Video Surveillance Market?
A. The historical data has been provided since 2015, while the base year is 2019 and the data is forecast up-to 2025.
Q. What are the units or denomination for measuring market value and volume in the report?
A. The market size/industry size or the market value is measured in terms of USD Million.
Q. What would be the growth rate or CAGR of GCC Video Surveillance Market during 2020-25?
A. The growth rate of GCC Video Surveillance Market during 2020-25 is forecast to be grow at a CAGR of 6%.
Q. Who are the key competitors or players operating in GCC Video Surveillance Market?
A. Axis Communications, Bosch Security Systems, Canon, Hangzhou Hikvision, Hanwha Techwin, Honeywell, Pelco, Huawei Technologies, Flir Systems, CP Plus, Cisco Systems, Zhejiang Dahua Technology, Panasonic Corporation, are few of the leading players in the GCC Video Surveillance Market.
Q. Which end-user segment would emerge as an opportunity area for players in GCC Video Surveillance Market?
A. Commercial is expected to attain the highest CAGR during the forecast period and maintain its significant market share.
Q. Which region would emerge as an opportunity area for players in GCC Video Surveillance Market?
A. UAE grabbed a significant market share continue to grow at a highest CAGR, presenting immense opportunities for market players of GCC Video Surveillance Market.