ME commercial security market to hit $8.4bn in 4 years

Posted On: 23-12-2019

The commercial security market in the Middle Eastover the next four years will reach $8.4 billion, growing at a compound annual growth rate of 16.6 percent, said experts, citing insights from a 6Wresearch.

The region is set to become an early adopter of the latest AI-influenced identity and face recognition technology as commercial building security rises up the region’s infrastructure agenda, they added.

The forecasts are borne out by the commercial security sector at Intersec, the region’s leading trade fair for security, safety and fire protection, which will run at the Dubai World Trade Centre (DWTC) from 19-21 January.

Commercial Security will be the second-largest exhibitor segment at the show accounting for nearly a third of the 1,100 participants. Fire and Rescue will be the show’s largest segment with over 400 exhibitors.

Danish exhibitor Milestone Systems, which provides open platform video management software (VMS) technology that helps ensure safety, protects assets, and increases business efficiency says the future of commercial security will be dominated by intelligent, AI-driven solutions.

“AI is a real gamechanger”, said Amine Sadi, regional sales manager, Middle East and Africa, Milestone Systems. “AI systems can analyze massive amounts of data, which is beneficial for reviewing hours of surveillance footage. By learning how objects move and what they look like, the AI applications can rank the data and make decisions based on it. Machine learning and artificial intelligence assist by analyzing data that has not been organized or labeled in advance, finding discernible patterns and helping to search for unknown output to solve problems.”

Sadi said the global video management industry is witnessing unparalleled innovation by creating new opportunities for the use of technology to protect people and assets, helping to optimize the business and the way people live and work.

“According to The World Economic Forum, more than one trillion sensors will be connected to the Internet by 2022,” he explained.

Sadi said demand for smart solutions and machine learning technologies will be fuelled through the adoption of the Internet of Things (IoT) and AI technology. Executives surveyed by the PwC Global Digital IQ Survey bear out his predictions with 73 percent saying they are investing in IoT and 54 percent committing to AI.

Milestone Systems anticipates that within the Middle East, the UAE – as a proven early technology adopter – will lead the way in the adoption of new technologies and trends. “At a national level an example of this is the launch of its National Cybersecurity Strategy, with the aim to create a safe and resilient cyberinfrastructure in the UAE following the EU GDPR initiative,” explained Sadi.

“From a business perspective, we see a rising demand for bringing AI and business analytics into the projects, which we can deliver thanks to a strong partner base that can integrate leading market solutions to our VMS.”

At Intersec 2020, Milestone Systems plans to unveil the latest version of its market-leading XProtect VMS and solutions specifically targeting the Safe City, Transportation, and Retail industries. The purpose-built, high-performance Milestone Husky XSeries, a high-performance network video recorder will also be showcased.

Such is the company’s belief in the potential of the Middle East that Dubai has been chosen to host the company’s largest event, the annual Milestone Integration Platform Symposium for EMEA and APAC, next April.

Meanwhile, Italy’s Euklis, which manufactures technological solutions for security, video surveillance, access control, and telecommunications, identifies face recognition as the new industry game-changer.

“It has a relevant impact in reducing residual risk when the intention is to make access to critical infrastructure or an industrial site safer,” explained a company spokesperson. “The key trends shaping the future of commercial security in the Middle East will be video surveillance, access control, and integrated and centralized management of security systems on a common platform.”

At Intersec 2020, Euklis will demonstrate its FaRe 3.0 Hybrid – Identity & Face Recognition Platform which provides a suite of advanced security functions for automatic identification and authentication of people, vehicles, and objects.

“It is hybrid because it simultaneously uses pattern matching and machine learning recognition technologies and it is anti-spoofing. Moreover, it is the only platform that is independent of the point of recognition, in other words, from the system in use, whether these are VMS, access control systems, or PSIM. Our solution does not require any software development by system integrators only a configuration, implemented through an innovative approach,”,” said Antonmarco Catania, president of Euklis.

“It’s where the transformation pioneers will meet the planners and eventual purchasers,” explained Andreas Rex, show director for Messe Frankfurt Middle East, which organizes the event. “These are the forums where the future will become clearer and we’ll all get a better understanding of just how secure we will be and how.” – TradeArabia News Service

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Media Courtesy : Trade Arabia