6wresearch logo
6wresearch discount on market reports

Nigeria is a Key Emerging Video Surveillance Market in African Region

April 19, 2016

After South Africa, Nigeria is the second largest market of video surveillance systems in Sub-Saharan region. The country has exhibited potential growth during 2010-12 owing to government projects pertaining to installation of various electronic security systems in Lagos and Abuja. During this period, the government of Nigeria deployed nearly 2,000 video surveillance cameras for monitoring major areas in Lagos and Abuja.

According to 6Wresearch, Nigeria's video surveillance market is forecast to grow at a CAGR of 5.3% from 2016 to 2022. Rising terrorism coupled with increasing crime rate are driving the demand for video surveillance systems in the country. Apart from government vertical, industrial & manufacturing vertical is projected to capture key revenue share by 2022. Within industrial & manufacturing vertical, oil & gas held highest demand for video surveillance systems. Attributed to rising theft in oil & gas vertical, demand for high-end video surveillance systems grew at a relatively higher growth rate. Nigeria is estimated to record daily theft of nearly 100 thousand to 350 thousand barrels per day.

According to Rajat Kharbanda, Senior Consultant, Research and Consulting, 6Wresearch, "Although, analog video surveillance systems accounted for largest share in Nigeria's video surveillance market, however growing demand for IP video surveillance systems is likely over the next six years".

"In addition, IP video surveillance systems demand is projected from industrial & manufacturing and transportation verticals through the forecast period," Rajat further added.

According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch, "Nigeria's video surveillance market declined in 2015 on the back of slumping global oil prices and weak economic conditions. Further, several projects were on hold due to elections in the country, which affected the growth of the market. However, market conditions are expected to improve from 2016 onwards".

"Apart from retail, commercial offices are also witnessing healthy demand for video surveillance systems; higher demand for IP video surveillance systems is likely to come from commercial offices vertical owing to declining prices and increasing penetration of players in the country." Samuel concluded.

"Nigeria Video Surveillance Market (2016-2022)" provides in-depth analysis with 70 figures and 28 tables covered in more than 125 pages. The report estimates and forecast overall Nigeria video surveillance market by revenue, by types & components of video surveillance systems and verticals such as banking & financial, government & transportation, commercial offices, retail & logistics, industrial & manufacturing, residential, hospitality & healthcare and educational institutions.

Media Source: Digital Terminal

      Browse More Report

Middle East Power & Distribution Transformer Market (2017-2023)

Market Forecast By Type (Power Transformer and Distribution Transformer), By Power Rating (Distribution Transformer (Up to 315 KVA and 315.1 KVA – 5 MVA), Power Transformer (5.1 MVA – 50 MVA and Above 50 MVA)), By Cooling System (Dry Type and Liquid Type)...

Read More

Saudi Arabia Intrusion Detection Market (2017-2023)

Market Forecast By Installations (Indoor and Outdoor), By Technology (Fiber Optics Sensors, Microwave Sensors and Infrared Sensors), By Verticals (Banking & Financial, Government & Transportation, Commercial, Industrial & Manufacturing, Residential, Hospitality & Healthcare and Others), By Regions (Eastern, Western, Central and Southern) and Competitive Landscape

Read More

Saudi Arabia UPS Market (2017-2023)

Market Forecast By Rating (Less than 5 KVA, 5.1 KVA - 20 KVA, 20.1 KVA - 50 KVA, 50.1 KVA - 200 KVA and 200.1 KVA & Above), By Applications (Commercials, Residential and Industrial), By Regions (Central, Western, Eastern and Southern) and Competitive Landscape

Read More

Australia Energy Storage Systems Market (2017–2023)

Market Forecast By Technologies (Electrochemical (Lithium Ion, Lead Acid and Flow Battery & Others), Mechanical (Flywheel), Thermal (Molten Salt) and Others), By Applications (Residential, Commercial & Industrial, Power Utilities and Transportation), By Regions...

Read More

Saudi Arabia Fast Food Market (2017-2023)

Market Forecast by Types (Burgers, Hamburgers & Sandwiches, Chicken, Pizza & Pasta, Asian & Latin American Fast Food, Sea Food and Others (Mediterranean, Lebanese, etc.)), Distribution Channel (Take Away Outlets, Dine-in Restaurants, Cafes & Bakeries and Others...

Read More

India Biscuits Market (2017-2023)

Market Forecast By Types (Plain Biscuits, Cookies, Sandwich Biscuits and Center-filled Biscuits), By Category (Premium Biscuits and Non-Premium Biscuits), By Distribution Channels (Grocery & Mom-and-Pop Stores, Hypermarkets & Supermarkets, Convenience Stores...

Read More

India Centrifugal Compressor Market (2017-2023)

Market Forecast By Technology (Centrifugal Gas Compressor and Centrifugal Air Compressor), By Sub-Segment (Single Stage Centrifugal Gas Compressor, Multi Stage Centrifugal Gas Compressor, Single Stage Centrifugal Air Compressor and Multi Stage Centrifugal Air Compressor)...

Read More

Indonesia Switchgear Market (2017-2023)

Market Forecast By Voltage (Low Voltage (< 1kV), Medium Voltage (1 kV – 24 kV) and High Voltage (> 24 kV)), By Insulation (Medium Voltage (AIS, GIS and Others), High Voltage (AIS, GIS and Others)), By Types (Low Voltage (MCB, MCCB, C&R, ACB, COS and Others), Medium Voltage (ISG, OSG and Others)), By Verticals (Residential, Commercial, Industrial...

Read More

India Chocolate Market (2017-2023)

Market Forecast By Product Type (Milk Chocolates, White Chocolates and Dark Chocolates), By Category (Premium Chocolates and Non-Premium Chocolates), By Product Shape (Bar Chocolates and Assorted Chocolates), By Chocolate Type (Molded or Bar Chocolates Anode, Count lines & Straight-lines, Choco-panned & Sugar-panned and Others including Novelties...

Read More


Our Key Clients
6wreserach client list