Video Surveillance Market in MENA 2015-2019
About Video Surveillance
Video surveillance is the process of monitoring or observing the activities, behaviors, or movements of an individual or a group to provide enhanced security. It is mainly used by retail stores, government departments, hospitals, transportation and logistics companies, and law enforcement agencies to prevent criminal activities. An increase in security issues such as terrorist attacks, robberies, and other criminal activities increased the demand for video surveillance in MENA.
Technavio's analysts forecast the video surveillance market in MENA to grow at a CAGR of 14.63% over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the video surveillance market in MENA for the period 2015-2019. To calculate the market size, the report considers revenue generated through the sales of the video surveillance systems, including storage devices and products.Technavio's report, the Video Surveillance Market in MENA 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the MENA; it also covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.
Technavio Announces the Publication of its Research Report – Video Surveillance Market in MENA 2015-2019
Technavio recognizes the following companies as the key players in the video surveillance market in MENA: Axis Communications, Bosch Security Systems, Hikvision, Honeywell Security Group, MOBOTIX, NICE Systems and Tyco International
Other Prominent Vendors in the market are: ADT, Agent Vim, Axxon Soft, Canon, Genetec, IndigoVision Group, March Networks and Siemens
Commenting on the report, an analyst from Technavio’s team said: “A number of retailers are using intelligent video surveillance in retail stores by integrating video analytics and point of sale for improved sales, marketing, and operations. In the past, the use of video surveillance was restricted to loss prevention and catching shoplifters. But with advances in technology, the applications of intelligent video surveillance have increased to a great extent. The integration of video surveillance cameras with other business technologies is a major factor that will enhance their use in retail stores.”
According to the report, in the US, increased instances of terrorist attacks in the past were a result of decreased spending by governments and institutions worldwide on video surveillance. To curb these anti-social activities, the use of video surveillance equipment has increased by large enterprises and the governments of different countries. Stringent regulations have been passed by governments in the region to increase security by installing video surveillance equipment in public locations such as hypermarkets, hospitals, airports, railway stations, hotels, and malls.
Further, the report states that the overdependence on prevailing economic conditions worldwide is a major challenge.
Axis Communications, Bosch Security Systems, Hikvision, Honeywell Security Group, MOBOTIX, NICE Systems, Tyco International, ADT, Agent Vim, Axxon Soft, Canon, Genetec, IndigoVision Group, March Networks, Siemens
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