Research and Markets has announced the addition of the "UAE Video Surveillance Market (2015-2021): Market Forecast By Surveillance Type, Software, By Components, DVR/NVR, Encoders/Decoders, By Verticals and Regions" report to their offering.
Rising infrastructure, government initiatives, funding and rules & regulations are the few factors that have spurred the market for video surveillance in UAE. The advantages of surveillance systems over physical security such as ability to allow remote monitoring and continuous monitoring have resulted for their wide deployment across UAE. UAE video surveillance market is majorly controlled by the IP based surveillance systems. The IP surveillance system is expected to witness further growth in the forecast period. IP based surveillance systems are finding their space across industry verticals, namely, government & transportation, banking & financial, retail, commercial, industrial and residential.
According to this report, UAE's Video Surveillance market is projected to reach $293.1 million by 2021. In 2014, IP based surveillance systems have accounted for majority of the market revenue in overall market and is expected to grow further during the forecast period. Government & transportation, commercial and retail are the key revenue generating verticals in UAE market.
Additionally, with upcoming World Expo 2020, construction activities have surged in the country. New hotels, new trade centers, and existing infrastructure expansion would result into deployment of new video surveillance cameras over the next five years.
The report thoroughly covers the market by surveillance types, by verticals and by regions. The report provides the unbiased and detailed analysis of the on-going trends, opportunities/high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.