Middle East Video Surveillance Market set to Reach $1.8 Billion by 2021

The Middle East Video Surveillance Market is set to grow with relatively higher CAGR from 2015 to 2021, reaching $1.8 Billion by the end of the forecast time-frame, a new market research report by Research and Markets has been able to find.

The “Middle East Video Surveillance Market (2015-2021)” report suggests that the local video surveillance market growth is buoyed by several factors such as growing construction market, rising security concerns over increasing crime rates & terrorist threats, surging security & IT spending.

In this particular market, Turkey, Saudi Arabia, UAE and Qatar held majority of the revenues and are the leading countries to adopt IP technology based surveillance systems.

Adoption of IP video surveillance systems is witnessed on account of government regulations, declining prices, growing consumer awareness, remote accessibility and video analytics.

In the Middle-East video surveillance market, IP video surveillance segment recorded aggressive growth over analog video surveillance segment. Amongst all verticals, government & transportation sector acquired highest market revenues in the over video surveillance market in Middle-East. Over the next six years, verticals primarily, government & transportation and commercial offices are anticipated to grow with relatively higher CAGR from 2015 to 2021.

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