The Egypt video surveillance system market grew at a considerable rate during the period 2017-2020 as a result of several mandatory government regulations implied upon the businesses for the compulsory installation of video surveillance systems in shops and public areas. The upsurge in the construction activities in different horizons of commercial and residential spaces entailing the new projects related to hotels, resorts, entertainment centres, shopping malls and the huge influx of FDI in the retail and construction sectors were the key catalysers for the overall growth of the video surveillance systems in Egypt. However, the novel COVID-19 has disrupted the overall economy of Egypt, leaving its devastating imprint on numerous sectors and refraining the growth of surveillance market in Egypt during the year 2020. The economy of Egypt has already forged ahead to the path of gradual economic recovery due to the introduction of the vaccine, reviving tourism sector, and resumption of construction activities which were kept on hold amid the global pandemic.
According to 6Wresearch, the Egypt Video Surveillance System Market size is anticipated to register growth during 2021-2027F. Numerous construction projects arising due to bilateral-agreement with Chinese and European companies, financial support from the Egyptian Regime owned enterprises (ROEs), along with the establishment of a new data protection policy in accordance with European General Data Protection Regulations (GDPR) and passing of surveillance bill by the House of Representatives would further multiply the market revenues in the near future. Among ample of Government initiatives to strengthen the country’s economy, the Egypt Vision 2030 strategy is a key construct to attain a competitive, balanced, and diversified economy. The construction of a New Administrative Capital, UniTower-1, CBD project, Beit-Al-Watan project would boost the demand for the surveillance components installation across residential, commercial and government segments over the coming years.
In the present scenario, the market is dominated by Government-owned entities such as the ministry of state for military production, ministry of Petroleum and mineral wealth and ministry of interior. The growing need for perimeter security & surveillance of critical infrastructure and government facilities would further augment the demand for video surveillance systems from government vertical in the forthcoming period. Moreover, during the forecast period, the tourism & hospitality sector and retail sector are anticipated to drive the demand for the market further. The consumers are likely to shift their preferences from Analog Video Cameras to IP/Network-based cameras due to its connectivity over IoTs.
The Egypt video surveillance system market report comprehensively covers the market by components, application and region. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
Key Highlights of the Report:
- Egypt Video Surveillance System Market Overview
- Egypt Video Surveillance System Market Outlook
- Egypt Video Surveillance System Market Forecast
- Historical Data and Forecast of Egypt Video Surveillance System Market Revenues for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Components for the Period 2017-2027.
- Historical Market Data and Forecast of Revenues, by Video Surveillance Camera Types for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Video Surveillance Recorder Types for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Verticals, for the Period 2017-2027.
- Historical Market Data and Forecasts of Revenues, by Regions, for the Period 2017-2027.
- Market Drivers and Restraints
- Egypt Video Surveillance System Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- Egypt Video Surveillance System Market Share, By Companies
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Markets Covered:
The report provides a detailed analysis of the following market segments:
- By Components
- Video Surveillance Camera
- Analog
- IP/Network
- Video Surveillance Recorder
- Network Video Recorder (NVR)
- Digital Video Recorder (DVR)
- Video Surveillance Encoder
- Video Surveillance Software
- By Verticals
- Banking & Financial Institutions
- Government & Transportation
- Retail & Logistics
- Commercial Offices & Buildings
- Hospitality & Healthcare
- Industrial & Manufacturing
- Residential
- Educational Institutions
- By Regions
- Nile Valley and Delta
- Eastern Desert
- Western Desert
- Sinai Peninsula
