6wresearch logo
6wresearch discount on market reports

GCC Video Surveillance Systems Market (2017-2023)-6Wresearch

March 20, 2017

Surging construction market, increasing government spending, infrastructural development, rising FDI in the retail and construction market coupled with government regulation for compulsory installation of the surveillance systems in public areas are few factors that have led for the growth of video surveillance systems in GCC region. Additionally, growing tourism industry in the region has resulted in an increased construction projects in various sectors primarily, hospitality and government & transportation, and retail.

According to 6Wresearch, GCC Video Surveillance Market is expected to grow at a CAGR of about 10% during 2017-23. Though, governments have mandated compulsory installation of video surveillance systems throughout various GCC countries, the market registered decline in demand in last two years. This was predominantly due to falling oil prices which impacted overall government spending towards various infrastructure projects. However, the market is all set to bounce back majorly post 2017 with expected improvement in oil prices along with projected flow of investments primarily for upcoming international events such as World Expo 2020 in UAE and FIFA World Cup 2022 in Qatar.

According to Prijo Samuel, Assistant Research Manager, Research and Consulting, 6Wresearch, “IP video surveillance segment captured major revenue share of the market. Growing demand for high quality cameras, increasing IT infrastructure, need for remote monitoring and declining prices of IP video surveillance systems have led for its market growth in the region.”

"Further, GCC market is one of the potential markets for video surveillance software on account of increasing adoption of IP video surveillance systems in government & transportation vertical. In video surveillance software market, video management software accounted for the largest market demand" Samuel further added.

According to Shefali Goel, Research Analyst, Research and Consulting, 6Wresearch, “Government and transportation accounted for highest revenue share followed by commercial offices, retail verticals, and others. GCC is witnessing significant infrastructure development activities in commercial sector. Additionally, increasing construction projects pertaining to residential vertical would further stimulate the growth of the market in forecast period.”

"Saudi Arabia and UAE accounted for majority of the revenue share in GCC video surveillance market; however, Qatar market is anticipated to register significant growth rate due to FIFA World Cup 2022," Shefali concluded.

The major companies in the GCC video surveillance market include- Avigilon Corporation, Axis Communication, Bosch Security System, Dahua Technology, Hikvision, Hanwha Techwin, Honeywell Security, Panasonic Corporation, and Pelco.

"GCC Video Surveillance Market (2017-2023)" provides in-depth analysis with 207 figures and 35 tables covered in more than 280 pages. The report estimates and forecast the overall GCC Video Surveillance market by revenue, by types, by countries and by verticals. The report also gives insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.

Media Source: Industry Today

      Browse More Report

Indonesia Power Rental Market (2017-2023)

Market Forecast By Type (Diesel Genset and Gas Genset), By KVA Rating (Diesel Genset (Below 100 KVA, 100.1 KVA-350 KVA, 350.1 KVA-750KVA, 750.1 KVA- 1000KVA and Above 1000 KVA), Gas Genset (Below 100 KVA and Above 10000 KVA)), By Applications...

Read More

India Diesel Generator Rental Market (2017-2023)

Market Forecast By KVA Rating (Below 100 KVA, 100.1-350 KVA, 350.1-750 KVA, 750.1-1000 KVA and Above 1000 KVA), By Verticals (Power Utilities, Construction, Manufacturing and Others), By Market Structure (Organized and Unorganized), By Regions...

Read More

Saudi Arabia Catering Services Market (2017-2023)

Market Forecast By Type (Contractual Services and Non-Contractual Services), By End User (Industrial, Hospitality, Educational, Healthcare, In-Flight and Others including Military, Events and Worker camps), By Regions (Central, Eastern, Western and Southern)...

Read More

Germany E-Cigarette Market (2017-2023)

Market Forecast By Device Type (Disposable, Rechargeable and Modular), By Demography (Gender, Income Group and Age Group) and Competitive Landscape

Read More

India Fitness Equipment Market (2017-2023)

Market Forecast By Type (Cardiovascular Training Equipment (Treadmills, Elliptical Trainer/Cross Trainer, Stationary Bikes and Others including Rowing, Stair/Stepper machines), Strength Training Equipment (Weights and Single & Multifunctional Strength Training Equipment))...

Read More

Saudi Arabia Industrial Pumps Market (2017-2023)

Market Forecast By Type (Centrifugal Pump and Positive Displacement Pump), By Centrifugal Type (Single-Stage Pump, Multi-Stage Pump, Axial & Mixed-Flow Pump, Submersible Pump and Sealless & Circular Pump), By Positive Displacement Type (Reciprocating and Rotary), By Applications ...

Read More

UAE Fitness Equipment Market (2017-2023)

Market Forecast By Product Type (Cardiovascular Training Equipment (Treadmills, Elliptical Trainer/Cross Trainer, Stationary Bikes and Others), Strength Training Equipment (Weights and Single& Multifunctional Strength Training Equipment)), By End User Applications...

Read More

Global Fire Safety Systems and Equipment Market (2017-2023)

Market Forecast By Types (Fire Fighting Systems and Equipment (Fire Extinguishers (CO2, Dry Chemical, Clean Agent, Foam Fire, Wet Chemical and Water), Fire Suppression Systems (Inert Agent, Halocarbon Agent, Carbon Dioxide, Wet Chemical Fire and Dry Chemical)...

Read More

India Electric Chimney Market (2017-2023)

Market Forecast By Types (Wall Mounted, Straight Line, Island and Downdraft), By Applications (Commercial and Residential), By Suction Type (Less than 300 CFM, 300-600 CFM, 601-900 CFM, 901-1200 CFM and More than 1200 CFM), By Regions...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events