PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237151
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1237151
Middle East and Africa Video Surveillance Market - By Component ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Middle East & Africa Video Surveillance Market Size More Than Doubles to Reach USD 8.4 Billion by 2029.
Middle East & Africa video surveillance market is gaining traction because of the increasing security concerns, government initiatives to improve public safety and security, along with rapid pace of urbanization in the region.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Middle East & Africa video surveillance market size at USD 3.93 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects Middle East & Africa video surveillance market size to grow at an impressive CAGR of 11.61% reaching a value of USD 8.35 billion by 2029. Government regulations that mandate the installation of video surveillance equipment in retail establishments and public spaces are among the major development factors for the Middle East and Africa video surveillance market. The market is also expected to grow during the forecast period, as a result of a rise in building activity across a variety of commercial and residential sectors, including new projects for hotels, resorts, entertainment venues, and shopping malls.
Middle East & Africa Video Surveillance Market - Overview:
A video surveillance system is made up of a network of cameras, monitors/display devices, and recorders. Both the inside and the outside of a building or area can use these technologies. They can be programmed to record solely in reaction to movement, continuously, or only at particular periods of the day. A variety of design elements are feasible for both analog and digital cameras. The ability of a digital video surveillance system to record and store the video signal in a digital format is the primary distinction between a digital video surveillance system and an analog video surveillance system.
Middle East & Africa Video Surveillance Market - By Applications:
Based on applications, the Middle East & Africa video surveillance market is segmented into banking & financial, government & transportation, retail & logistics, commercial offices, industrial & manufacturing, and others (residential, hospitality & healthcare, and educational institutions). The retail & logistics segment accounts for the highest market share. Remote access retail security camera solutions enable managers and business owners to watch video feeds from any location. It is essential for stopping theft and shoplifting that could take place while just loss prevention staff are not watching.
Impact of COVID-19 on Middle East & Africa Video Surveillance Market
The COVID-19 pandemic significantly limited the growth of Middle East & African video surveillance market. The emergence of the virus from China and subsequent lockdown implementation in various parts of the world halted the manufacturing and supply chains of video surveillance components. The lockdown also resulted in a huge shortage of semiconductor chips, crucial for manufacturing several video surveillance components, which affected the manufacturing operations in the post-COVID-19 period as well. Furthermore, the temporary pause in the infrastructure activities also directly impacted the demand for video surveillance in the Middle East & Africa market.
Competitive Landscape:
Major players operating in the Middle East & Africa video surveillance market include: Axis Communications AB, Bosch Group, Hanwha Corporations, Hangzhou Hikvision Digital Technology Co. Ltd, Pelco Corporations, Avigilon Corporations, Honeywell Security Group, Panasonic Corporation, Zhejiang Dahua Technology Co. Ltd., and Cisco Systems Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Middle East & Africa Video Surveillance Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Middle East & Africa Video Surveillance Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Middle East & Africa Video Surveillance Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing security concerns
- 3.2.1.2. Government initiatives to improve public safety and security
- 3.2.1.3. Rapid pace of urbanization in the region
- 3.2.2. Restraints
- 3.2.2.1. High initial investment
- 3.2.2.2. Lack of skilled professionals
- 3.2.3. Opportunities
- 3.2.3.1. Adoption of advanced technologies
- 3.2.3.2. Growth of smart cities
- 3.2.4. Challenges
- 3.2.4.1. Competition from low-cost alternatives
- 3.2.4.2. Lack of standardization
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Middle East & Africa Video Surveillance Market Overview
- 4.1. Market Size & Forecast by Value, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Components
- 4.2.1.1. Video Surveillance Cameras
- 4.2.1.2. Analog Camera
- 4.2.1.3. IP/Network Camera
- 4.2.1.4. Wired Camera
- 4.2.1.5. Wireless Camera
- 4.2.1.6. Others (Video Surveillance Recorder, Network Video Recorder, Digital Video Recorder, Video Surveillance Encoder, and Video Management Software)
- 4.2.2. By Application
- 4.2.2.1. Banking & Financial
- 4.2.2.2. Government & Transportation
- 4.2.2.3. Retail & Logistics
- 4.2.2.4. Commercial Offices
- 4.2.2.5. Industrial & Manufacturing
- 4.2.2.6. Others (Residential, Hospitality & Healthcare, and Educational Institutions)
- 4.2.3. By Country
- 4.2.3.1. Saudi Arabia
- 4.2.3.2. UAE
- 4.2.3.3. Qatar
- 4.2.3.4. Kuwait
- 4.2.3.5. South Africa
- 4.2.3.6. Nigeria
- 4.2.3.7. Algeria
- 4.2.3.8. Rest of Middle East & Africa
- 4.2.1. By Components
5. Saudi Arabia Video Surveillance Market Overview
- 5.1. Market Size & Forecast by Value, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Components
- 5.2.2. By Application
6. UAE Video Surveillance Market Overview
- 6.1. Market Size & Forecast by Value, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Components
- 6.2.2. By Application
7. Qatar Video Surveillance Market Overview
- 7.1. Market Size & Forecast by Value, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Components
- 7.2.2. By Application
8. Kuwait Video Surveillance Market Overview
- 8.1. Market Size & Forecast by Value, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Components
- 8.2.2. By Application
9. South Africa Video Surveillance Market Overview
- 9.1. Market Size & Forecast by Value, 2019-2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Components
- 9.2.2. By Application
10. Nigeria Video Surveillance Market Overview
- 10.1. Market Size & Forecast by Value, 2019-2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Components
- 10.2.2. By Application
11. Algeria Video Surveillance Market Overview
- 11.1. Market Size & Forecast by Value, 2019-2029
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Components
- 11.2.2. By Application
12. Rest of Middle East & Africa Video Surveillance Market Overview
- 12.1. Market Size & Forecast by Value, 2019-2029
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Components
- 12.2.2. By Application
13. Competitive Landscape
- 13.1. List of Key Players and Their Offerings
- 13.2. Market Share Analysis, 2022
- 13.3. Competitive Benchmarking, By Operating Parameters
- 13.4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East & Africa Video Surveillance Market
15. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- 15.1. Axis Communications AB
- 15.2. Bosch Group
- 15.3. Hanwha Corporations
- 15.4. Hangzhou Hikvision Digital Technology Co. Ltd
- 15.5. Pelco Corporations
- 15.6. Avigilion Corporations
- 15.7. Honeywell Security Group
- 15.8. Panasonic Corporation
- 15.9. Zhejiang Dahua Technology Co. Ltd.
- 15.10. Cisco Systems Inc.
- 15.11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
- 17.1. Qualitative Research
- 17.1.1. Primary & Secondary Research
- 17.2. Quantitative Research
- 17.3. Market Breakdown & Data Triangulation
- 17.3.1. Secondary Research
- 17.3.2. Primary Research
- 17.4. Breakdown of Primary Research Respondents, By Region
- 17.5. Assumption & Limitation
*Financial information in case of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
- Figure 1 Middle East & Africa Video Surveillance Market Segmentation
- Figure 2 Middle East & Africa Video Surveillance Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 Middle East & Africa Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 5 Middle East & Africa Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 6 Middle East & Africa Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 7 Middle East & Africa Video Surveillance Market Share, By Country, By Value, 2019-2029
- Figure 8 Saudi Arabia Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 9 Saudi Arabia Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 10 Saudi Arabia Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 11 UAE Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 12 UAE Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 13 UAE Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 14 Qatar Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 15 Qatar Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 16 Qatar Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 17 Kuwait Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 18 Kuwait Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 19 Kuwait Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 20 South Africa Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 21 South Africa Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 22 South Africa Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 23 Nigeria Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 24 Nigeria Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 25 Nigeria Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 26 Nigeria Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 27 Algeria Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 28 Algeria Video Surveillance Market Share, By Application, By Value, 2019-2029
- Figure 29 Rest of Middle East & Africa Video Surveillance Market Size, By Value (USD Billion), 2019-2029
- Figure 30 Rest of Middle East & Africa Video Surveillance Market Share, By Component, By Value, 2019-2029
- Figure 31 Rest of Middle East & Africa Video Surveillance Market Share, By Application, By Value, 2019-2029
List of Tables
- Table 1 Middle East & Africa Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 2 Middle East & Africa Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 3 Middle East & Africa Video Surveillance Market Size, By Country, By Value, 2019-2029
- Table 4 Saudi Arabia Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 5 Saudi Arabia Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 6 UAE Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 7 UAE Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 8 Qatar Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 9 Qatar Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 10 Kuwait Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 11 Kuwait Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 12 South Africa Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 13 South Africa Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 14 Nigeria Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 15 Nigeria Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 16 Algeria Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 17 Algeria Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 18 Rest of Middle East & Africa Video Surveillance Market Size, By Component, By Value, 2019-2029
- Table 19 Rest of Middle East & Africa Video Surveillance Market Size, By Application, By Value, 2019-2029
- Table 20 Axis Communications AB Company Overview
- Table 21 Axis Communications AB Financial Overview
- Table 22 Bosch Group Company Overview
- Table 23 Bosch Group Financial Overview
- Table 24 Hanwha Corporations Company Overview
- Table 25 Hanwha Corporations Financial Overview
- Table 26 Hangzhou Hikvision Digital Technology Co. Ltd Company Overview
- Table 27 Hangzhou Hikvision Digital Technology Co. Ltd Financial Overview
- Table 28 Pelco Corporations Company Overview
- Table 29 Pelco Corporations Financial Overview
- Table 30 Avigilion Corporations Company Overview
- Table 31 Avigilion Corporations Financial Overview
- Table 32 Honeywell Security Group Company Overview
- Table 33 Honeywell Security Group Financial Overview
- Table 34 Panasonic Corporation Company Overview
- Table 35 Panasonic Corporation Financial Overview
- Table 36 Zhejiang Dahua Technology Co. Ltd. Company Overview
- Table 37 Zhejiang Dahua Technology Co. Ltd. Financial Overview
- Table 38 Cisco Systems Inc Company Overview
- Table 39 Cisco Systems Inc Financial Overview
