Additionally, for upcoming World Expo 2020 more than $200 billion are expected to be spent over the expansion of existing and construction of new public & private infrastructures. In 2020, around 25 million visitors are expected in the country for the World Expo, explained the report “UAE Video Surveillance Market (2015–2021)” by 6Wresearch, a global market research and consulting firm specializes in niche and emerging markets.
To provide high security and monitor the activities, large number of security cameras would be deployed at various locations.
Amongst all verticals, government and transportation vertical has accounted for majority of the market revenues and is expected to maintain its market dominance in the forecast period. However, higher growth is anticipated in the educational institute segment led by hospitality, residential, commercial, retail and industrial sector.
In UAE’s video surveillance market, northern region has pegged the key share of the market. Cities such as Dubai and Sharjah contributed to the region’s dominance. Dubai being the host city for the World Expo 2020, would witnessed huge deployment of security cameras in the coming years.
The report estimates and forecast overall UAE Video surveillance market by revenue, by Video surveillance system types such as Analog based, IP based, and software systems.
The report also gives the insights on competitive landscape, price trends, company profiles, market drivers and restraints.
Source: 6Wresearch
File Photo: FLIR FX Indoor Wi-Fi Wireless Video Monitoring Security Camera
