Middle East and Africa Video Surveillance Market Outlook (2022-2028) | Report, Size, Share

The Middle East and Africa Video Surveillance Market Synopsis

The Middle East and Africa Video Surveillance Market witnessed a steady growth during 2018-19 as a result of several mandatory government regulations implied upon businesses for compulsory installation of video surveillance systems in shops and public areas in several countries The upsurge in the construction activities in different horizons of commercial and residential spaces entailing the new projects related to hotels, resorts, entertainment centers, shopping malls and the huge influx of FDI in the retail and construction sectors were the key catalyzers for the overall growth of video surveillance solutions across the region. However, the novel COVID-19 has disrupted the overall economy in countries, leaving its negative imprint on numerous sectors and refraining from the growth of the surveillance market during the year 2020.

MEA Video Surveillance Market growth is likely to happen in the forecast period on account of increasing disposable income, urbanization, rising terrorism, crime, and the rising installation of cameras in public places.

According to 6Wresearch, the Middle East and Africa Video Surveillance Market size is projected to grow at a CAGR of 4.1% from 2022-to 2028. The government initiatives for the installation of video surveillance systems for traffic management, rapid infrastructural growth, and reforms in the education and BFSI vertical coupled with rising awareness among the end-users and businesses in the countries about the advantages of video surveillance solutions would act as a critical driving force behind the growth of the market in the country during the forecast period. The growing need for perimeter security & surveillance of critical infrastructure and government facilities would further augment the demand for video surveillance solutions from government and transportation sectors in the forthcoming period. Moreover, the consumers are likely to shift their preferences from analog video cameras to IP/Network-based cameras due to their connectivity over it.

Market by Components Analysis

By Components, Video surveillance cameras acquired more than 40% of the market share in terms of revenue. They are projected to show significant growth during the forecast period owing to an increase in demand for cameras in public spaces such as roads, malls, construction sites, etc for surveillance. Recorders would capture the second-highest volume and revenue share in the market as they locally monitor all cameras connected to the network and enable users to take backup of recordings. With the growing need for security, high-definition technologies in video surveillance are expected to penetrate the market during the forecast period.

Key Attractiveness of the Report

COVID-19 Impact on the Market.

10 Years Market Numbers.

Historical Data Starting from 2018 to 2028.

Base Year: 2021

Forecast Data until 2028.

Key Performance Indicators Impacting the Market.

Major Upcoming Developments and Projects.

Key Highlights of the Report

The Middle East and Africa Video Surveillance Market Overview

Impact Analysis of COVID-19

The Middle East and Africa Video Surveillance Market Trends

The Middle East and Africa Video Surveillance Market Revenue Ranking, By Companies

Competitive Benchmarking

The Middle East and Africa Video Surveillance Market Outlook

The Middle East and Africa Video Surveillance Market Forecast

Market Drivers and Restraints

Industry Life Cycle

Porter’s Five Force Analysis

Company Profiles

Key Strategic Recommendations

6Wresearch is a market research & consulting firm specializing in assisting market entry and growth strategies. Related report:- Middle East Fire Safety Systems & Equipment Market