UAE Video Surveillance Market Analysis, 2020 research report depicts a deep-dive market analysis of statistics of UAE 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.
Market Opportunities
According to MarkNtel Advisors’ research report titled “UAE Video Surveillance Market Analysis, 2020”, the UAE Video Surveillance market is anticipated to grow at a CAGR of around 4% during 2021-2026F as Dubai and Abu Dhabi are among the most closely surveilled cities in the world. The rising concerns for public and private security are surging the deployment of various security systems such as video surveillance systems, access control systems, and intrusion detection systems. Besides these, boost in government funding toward the expansion of existing and construction of new public and private infrastructures such as the Dubai Metro, Abu Dhabi metro, construction of new retail malls due to events such as EXPO 2021 and introduction of Dubai Smart City Initiative and Vision 2021 are strongly contributing toward the growth of the market in the forthcoming timeline.
Market Segmentation
Infrastructure Segment to Register Fastest Growth
Based on end-user, the Infrastructure segment is growing at a rapid pace over the forecast period during 2021-26F. The growth of the segment is attributed to the rising level of investment toward various construction projects such as shopping malls, airports, and metros such as Dubai Metro, Abu Dhabi metro, burgeoning deployment of video surveillance in the public areas to ensure safety and diminish crime rate and increase in infrastructure development activities.
However, the Residential segment is anticipated to witness high growth in the near future due to the rising deployment of video surveillance for safety, to protect buildings from theft, burglary, and to reduce criminal activities. Hence, this is strongly contributing toward the growth of the Video Surveillance market in UAE in the near future as stated in the MarkNtel Advisors’ research report “UAE Video Surveillance Market Analysis, 2020”.
Impact of COVID-19
The UAE Video Surveillance market has been greatly affected primarily by the COVID-19 pandemic. Most of the projects in the country are delayed on account of lockdown imposition, thus the major companies are facing short-term operational issues due to supply chain constraints and lack of site access. However, the resumption of the construction activities and the rising installation of cameras in the residential buildings are anticipated to upsurge the demand for video surveillance in the UAE.
Competitive Landscape
According to MarkNtel Advisors, the key players with a considerable market share in the UAE Video Surveillance market include 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., etc.
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 UAE Video Surveillance Market?
A. The historical data has been provided since 2016, while the base year is 2020 and the data is forecast up-to 2026.
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 UAE Video Surveillance Market during 2021-2026F?
A. The UAE Video Surveillance Market is forecast to grow at a CAGR of 4% during 2021-2026F.
Q. Who are the key competitors or players operating in UAE Video Surveillance Market?
A. 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., are few of the leading players in the UAE Video Surveillance Market.
Q. Which end-user segment would emerge as an opportunity area for players in UAE 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 UAE Video Surveillance Market?
A. Dubai continue to grow at a highest CAGR, presenting immense opportunities for market players of UAE Video Surveillance Market.
