GCC Video Surveillance Market: Forecasted 6% CAGR by 2028, Examining Size, Share, and Demand

MarkNtel Advisors has recently published "GCC Video Surveillance Market Analysis Share, Growth, Demand, Forecast  2028," a comprehensive research report that provides in-depth analysis of various factors driving the industry's growth across different geographic regions. This report offers reliable insights into the historical, current, and projected trends, in the GCC Video Surveillance Market, presented through detailed explanations, tables, and figures. It equips stakeholders with valuable knowledge of the industry dynamics, enabling them to strategize effectively before making investment decisions.

The report indicates that the GCC Video Surveillance Market is anticipated to experience a CAGR of approximately 6% during the period of 2023-2028. Our analysis encompasses a thorough examination of various environmental factors, economic and social issues, technological advancements, and other relevant aspects that are crucial for stakeholders during decision-making processes. In order to provide a reliable, accurate, and comprehensive understanding of the industry, our analysts have conducted extensive research utilizing tools such as SWOT (Strengths, Weaknesses, Opportunities, and Threats) analysis and Porter's Five Forces Analysis.

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Market Dynamics

Key Driver: Increasing Commercial Sector Development to Fuel the Market Growth

The governments in the UAE, Qatar, Saudi Arabia, Kuwait, etc., have been primarily focusing on the development of the commercial sector of the country intending to shift the base of its economy to the non-oil-based sector. The diversification plans are aimed at developing the non-oil economy sectors such as hospitality, retail, etc., to fulfill the needs of the population of their countries and to assure sustainable development even after the exhaustion of oil reserves. Therefore, the governments are investing and encouraging public-private partnerships for development in the sectors such as residential, commercial, and industrial.

Hence, ongoing construction projects such as Ain Dubai, The Royal Atlantis, Al Jahra, Riyadh, Doha, etc., have generated the demand for video surveillance cameras. Henceforth, with the upscaling of infrastructure projects, the sales of video surveillance components and solutions have been significantly rising in the region.

Recent Developments

• In April 2023, Black & Veatch awarded Baker Hugh the contract to provide two compressor trains for Petronas’s floating LNG (FLNG) facility in Malaysia.
• In October 2022, Clariant AG completed the acquisition of BASF’s U.S. Attapulgite business assets, strengthening Clariant’s position in the industry for the purification of edible oils and renewable fuels.

Segmenting Success: Unveiling Opportunities in the GCC Video Surveillance Market 2023-2028

The GCC Video Surveillance Market, characterized by its fragmented nature and numerous subdivisions, is thoroughly examined in the report. We provide detailed insights on each segment and geographical location, empowering stakeholders and industry leaders to comprehend the market dynamics and devise new strategies and investments. Furthermore, by gaining a deeper understanding of the ebb and flow within each segment, investors can make well-informed decisions and expand their production and revenue streams in the coming years. The report focuses on key market dynamics, including recent developments, trends, demand and supply chain analysis, purchase patterns, and product/service pricing, among others, within the following segments:

Based on Component

- Camera

-- Type

--- Analog Camera

--- IP Camera

--- Fixed Camera

--- Pan/Tilt/Zoom(PTZ) Cameras

--- Others (Thermal, Panoramic, etc.)

-- Resolution

--- Standard Resolution

--- Megapixel Network Camera

--- High Definition Camera

- Monitor

-- LCD

-- LED

-- Others

- Media

-- Hard Disk Drive (HDD)

-- Solid State Drives (SSD)

-- Optical Storage Media

- Storage

-- Storage Area Network

-- Direct Attached Storage

-- Network Video Recorder

-- Network Attached Storage

-- Digital Video Recorder

-- Unified or Hybrid Storage

- Software

-- Video Content Analytics

-- Video Management Software

- Accessories

-- Cables

-- Encoders

Based on Connectivity Type

- Wired

- Wireless

Based on Service

- Video Surveillance as a Service

-- Managed Service

-- Hosted Service

-- Hybrid Service

Based on End Users

- Infrastructure

- Commercial

- Residential

- Industrial

- Institutional

Geographically, the GCC Video Surveillance Market expands across the following:

- Saudi Arabia

- The UAE

- Qatar

- Kuwait

- Bahrain

- Oman

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Unveiling the Competitive Landscape: Insights into Key Players in the GCC Video Surveillance Market 2023-2028

The report provides a comprehensive competitive analysis, highlighting a key aspect of the industry—the existing players. Each player is extensively profiled, covering vital aspects such as business overview, demand and supply chain, key strategies, latest news, product launches, pricing catalog, recent developments, revenue generation, stakes and investments, and trends. These insights aim to assist stakeholders in diversifying and strategizing their investments and participation in the GCC Video Surveillance Market, ultimately seeking substantial revenue generation over the forecasted years.

- Axis Communication

- Bosch Security Systems

- Canon

- Hangzhou Hikvision

- Hanwha Techwin

- Honeywell

- Pelco

- Huawei Technologies

- Flir Systems

- CP Plus

- Cisco Systems

- Zhejiang Dahua Technology

- Panasonic Corporation

- Others

About MarkNtel Advisors

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals. Using such information, our clients can identify attractive investment opportunities & strategize their moves to yield higher ROI (Return of Interest) through an early mover advantage with top-management approaches.

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