London, 19 May 2015: Technavio, the independent tech-focused global research firm, has published a report on the Video Surveillance Market in MENA 2015-2019, which is expected to grow significantly at a CAGR of 14.63% during the period 2014-2019.
“The construction industry in the Middle East, which had reduced expenditure on video surveillance during economic crisis, is expected to increase investment during the forecast period,” says Faisal Ghaus, Vice President of Technavio.
“The oil production infrastructures are growing in Saudi Arabia, which is another reason for the increasing expenditure on video surveillance.”
Key Market Drivers
- Occurrence of Terrorist Activities in Past
- Shift from Analog to IP Cameras
- Stringent Government Regulations
- Customized Solutions and Integrated Packages
Key Market Trends
- Emergence of Video Analytics and Intelligent Video Surveillance
- Increased Number of Infrastructure Projects
- Emergence of Edge-based Video Surveillance
- Adoption of Cloud-based Services
Key Market Vendors
- Axis Communications AB
- Bosch Security Systems
- Hikvision Digital Technology Co. Ltd.
- Honeywell Security Group
- MOBOTIX AG
- NICE Systems Ltd.
- Tyco International Ltd
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
