Market Forecast By Service Types (Manned Guarding, CCTV & Electronic Security System & Others (Cash in-Transit, Traffic Management, etc.)), By Application (Commercial Sector, Residential Sector, Oil & Gas, Events, Others (Banking, Institutions, Ministry, etc.)), By Regions (Northern Region, Southern Region) and competitive landscape
Product Code: ETC054422 | Publication Date: Apr 2021 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 71 | No. of Figures: 12 | No. of Tables: 7 |
Qatar Physical Security Services Market report comprehensively covers the market by service types, applications, and regions. The report provides an unbiased and detailed analysis of the ongoing trends, opportunities/ high growth areas, market drivers, which would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
Qatar Physical Security Services Market Synopsis
Qatar physical security services market grew at a considerable rate in recent years owing to the remarkable jump in the oil & gas sector, hotels, hospitals, and commercial sector on the back of strong government support to pull up Qatar’s economy as it’s majorly driven by petroleum sector.
However, the spread of COVID-19 led to an overall economic slowdown across the country, as a result of a fall in oil prices, a complete shutdown of the commercial sector and businesses which further declined the government revenues and had an adverse impact on the ongoing investment sizes and activities in domains such as oil & gas, commercial sector, energy, and telecommunication, thereby leading to falling demand for physical security services during the lockdown period in the year 2020. However, the market is expected to regain its momentum in the coming years on account of reviving economic activities such as business, trade, industry, and construction owing to the upcoming FIFA world cup 2022 along with Qatar Vision 2023, which would increase the demand for physical security such as manned guarding and CCTV surveillance, thus propelling the growth of the physical security services market in near future.
According to 6Wresearch, Qatar Physical Security Services Market size is projected to grow at CAGR of 13.3% during 2021-27. Qatar physical security services market is in the later growth stage of the industry life cycle and is anticipated to witness a burgeoning demand during the forecast period, on account of upcoming sports events and development of high-quality critical infrastructure. Further, due to expansion in aviation and natural gas sector, simultaneously hotels and hospitals for upcoming FIFA World Cup 2022 would create more growth opportunities for the physical security service market in Qatar.
Market Analysis by Service
By service types, manned guarding bagged the highest revenue share in 2020 with a CAGR captured around 13.1% for the year 2020. Since the requirement of guards is immense in events such as Asian Triathlon Cup, Qatar 7th International Cup- Weightlifting, FIFA World Cup 2022, etc. in comparison to CCTV & electronic security system. However, CCTV & electronic security system market is also expected to surge at a significant rate in the forecast period owing to an increase in the number of villas & apartments, more convenient usage, and 24×7 surveillance service with video recordings.
Market Analysis by Application
based on application, oil & gas, event and commercial segment have a cumulative market share of around 70% in the market revenues in 2020. Oil & gas registered the highest share for the year 2020 on account of expansion in North field project, Qatar gas plants, etc. Further, in forthcoming years, commercial sector would witness a significant growth in the forecast period on account of increase in office spaces and rise in number of enterprises such as Dubai Doha towers, QIMC tower, etc. simultaneously, events sector would also augment in the coming years due to the upcoming FIFA world cup, Expo 2023 Doha, etc.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology - Sources of Information |
2.5 Robust Forecasting Model |
2.6 Assumptions |
3. Qatar Physical Security Services Market Overview |
3.1 Qatar Physical Security Services Market Revenues |
3.2 Qatar Physical Security Services Market Industry Life Cycle |
3.3 Qatar Physical Security Services Market Porter’s Five Forces |
4. Qatar Physical Security Services Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Qatar Physical Security Services Market Trends |
6. Qatar Physical Security Services Market Overview, By Service Types |
6.1 Qatar Physical Security Services Market Revenue Share, By Service Types, 2020 & 2027F |
6.2 Qatar Physical Security Services Market Revenues, By Service Types, 2017-2027F |
6.2.1 Qatar Physical Security Services Market Revenues, By Manned Guarding, 2017-2027F |
6.2.2 Qatar Physical Security Services Market Revenues, By CCTV & Electronic Security System, 2017-2027F |
6.2.3 Qatar Physical Security Services Market Revenues, By Others, 2017-2027F |
7. Qatar Physical Security Services Market Overview, By Applications |
7.1 Qatar Physical Security Services Market Revenue Share, By Applications, 2020 & 2027F |
7.2 Qatar Physical Managed Security Services Market Revenues, By Applications, 2017-2027F |
7.2.1 Qatar Physical Managed Security Services Market Revenues, By Commercial Sector, 2017-2027F |
7.2.2 Qatar Physical Managed Security Services Market Revenues, By Residential Sector, 2017-2027F |
7.2.3 Qatar Physical Managed Security Services Market Revenues, By Oil & Gas, 2017-2027F |
7.2.4 Qatar Physical Managed Security Services Market Revenues, By Events, 2017-2027F |
7.2.5 Qatar Physical Managed Security Services Market Revenues, By Others, 2017-2027F |
8. Qatar Physical Security Services Market Overview, By Regions |
8.1 Qatar Physical Security Services Market Revenue Share, By Regions, 2020 & 2027F |
8.2 Qatar Physical Security Services Market Revenues, By Regions, 2017-2027F |
8.2.1 Qatar Physical Security Services Market Revenues, By Northern Region, 2017-2027F |
8.2.2 Qatar Physical Security Services Market Revenues, By Southern Region, 2017-2027F |
9. Qatar Physical Security Services Market- Key Performance Indicators |
10. Qatar Physical Security Services Market- Opportunity Assessment |
10.1 Qatar Physical Security Services Market Opportunity Assessment, By Service Types, 2027F |
10.2 Qatar Physical Security Services Market Opportunity Assessment, By Applications, 2027F |
10.3 Qatar Physical Security Services Market Opportunity Assessment, By Regions, 2027F |
11. Qatar Physical Security Services Market Competitive Landscape |
11.1 Qatar physical security service market Revenue Share, By Companies, 2020 |
11.2 Qatar Physical Security Services Market Competitive Benchmarking |
11.2.1 Qatar Physical Security Services Market Competitive Benchmarking, By Operating Parameters |
12. Company Profiles |
12.1 G4S plc |
12.2 European Guarding & Security Services |
12.3 Teyseer Group of Companies |
12.4 Sama International Projects |
12.5 Falcon Security Services W.L.L. |
12.6 AMNCO Security |
12.7 Bin Arbaid Group |
12.8 ISC Group Gulf WLL |
12.9 Profit Holding |
12.10 Certis CISCO Security Pte Ltd |
13. Key Strategic Recommendations |
14. Disclaimer |
List of Tables |
Table 1: Qatar Upcoming Events |
Table 2: Qatar Residential and Commercial Sector Ongoing Projects |
Table 3: Qatar Physical Security Services Market Revenues, By Service Types, 2017-2027F ($ Million) |
Table 4: Qatar Physical Managed Security Services Market Revenues, By Applications, 2017-2027F ($ Million) |
Table 5: Qatar Major Infrastructure Projects (Contd.) |
Table 6: Qatar Major Infrastructure Projects |
Table 7: Qatar Commercial Ongoing and Upcoming Projects |
Table 8: Qatar Ongoing Petroleum Plants |
List of Figures |
Figure 1: Qatar Physical Security Services Market Revenues, 2017-2027F ($ Million) |
Figure 2: Qatar Physical Security Services Market Revenue Share, By Service Types, 2020 & 2027F |
Figure 3: Qatar Physical Security Services Market Revenue Share, By Applications, 2020 & 2027F |
Figure 4: Qatar Physical Security Services Market Revenue Share, By Regions, 2020 & 2027F |
Figure 5: Qatar Physical Security Services Market Revenues, By Northern Region, 2017-2027F ($ Million) |
Figure 6: Qatar Physical Security Services Market Revenues, By Southern Region, 2017-2027F ($ Million) |
Figure 7: Qatar New Building Permits Issued in January- December 2020 |
Figure 8: Number of Factories in Qatar, 2017-2021 |
Figure 9: Qatar Physical Security Services Market Opportunity Assessment, By Service Types, 2027F |
Figure 10: Qatar Physical Security Services Market Opportunity Assessment, By Applications, 2027F |
Figure 11: Qatar Physical Security Services Market Opportunity Assessment, By Regions, 2027F |
Figure 12: Qatar physical security service market Revenue Share, By Companies, 2020 |