Strict implementation of regulatory norms, looming security threats and improved awareness about benefits of using electronic security devices were the key factors driving the demand for electronic security devices in the Middle East.
Middle East countries are oil rich countries and in the past few years have significantly diversified their economy to other sectors such as retail, hospitality and others. Growing expat population, tourists, and investment in infrastructure was the key reason for growth of retail and hospitality sector. Middle East electronic security market had grown almost two fold in six years. Infrastructure, hospitality, and real estate were the key sectors to use electronic security devices. Rise in demand for facilities management, number of visitors at mega malls, hotels and amusement parks in Middle East region were some other key factors driving the growth in market. Civil defense code in UAE, Saudi Arabia, Qatar and other Middle East countries had prompted the property owners especially in commercial sector to install electronic security devices in their premises. Replacement demand was other key driver. CCTV was the most demanded electronic security device. Turkey was the largest market for electronic security devices in the Middle East region
Improved implementation of regulatory norms, growth of economy and rise in per capita income of local people and expats has leveraged the buying capacity of people. A significant proportion of investment in the country has been intended towards improving the quality of infrastructure. Increasing number of railway stations, airports, schools, colleges, hospitals, offices and shopping malls have urged the need of installing electronic security products. The companies and government are putting a lot of efforts to educate people about the need to use reliable, efficient and high quality electronic security systems.
The report titled “Middle East Electronic Security Market Outlook to 2021 – Video Surveillance Systems and Integrated Security Solutions to Drive Market Growth” provides brief overview on the Middle East electronic security Market. This report helps readers to identify the ongoing trends in the market and anticipated growth in future depending upon changing market dynamics in coming years. The report will help existing distributors, manufacturers along with end users in electronic security sector to align their market centric strategies according to ongoing and expected trends in the future.
For more information about the publication, refer to below link
Ankur Gupta, Head Marketing & Communications