Middle East Commercial Security Market, Forecast to 2021

Middle East Commercial Security Market, Forecast to 2021

Integration and Regulatory Environment will Drive Market Growth

RELEASE DATE
14-Mar-2017
REGION
South Asia, Middle East & North Africa
Research Code: P985-01-00-00-00
SKU: AE01224-SA-MR_19790

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Description

The commercial security market has been in the limelight for its growth across the Middle East for the past few years driven by increased investments and stringent regulatory policies. The demand for sophisticated security systems has seen an upswing, creating growth opportunities throughout the ecosystem. According to Frost & Sullivan’s latest report, the commercial security market in the Middle East is expected to expect double-digit growth by 2021.

Within the product segments, video surveillance accounted for a dominant share of the total market followed by access control and intruder detection. While favorable government policies facilitate demand generation, technology is playing an important role in helping to achieve better monitoring and control functions. The security market has been evolving in line with the global IT and telecom domain trends and hence is highly dynamic. Of all the counties in this region, the Kingdom of Saudi Arabia (KSA) leads the market with the largest share. The fall in oil prices and rationalization of investment in infrastructure projects is expected to result in a temporary slowdown in the KSA market, but is expected to revive in the long term. The upcoming Expo 2020 and FIFA World Cup 2022 have enabled investment in large projects with sizeable trickle down to the security infrastructure. Qatar is expected to see the highest CAGR growth rate followed by the United Arab Emirates (UAE).

Among the commercial security end-user sectors, hospitality is likely to experience the highest growth followed by commercial buildings. The industrial and commercial end-user sectors will hold more than 50.0% share of the total market till the end of the forecast period.
Threat from cheaper competition and tight security budgets hamper prospects for commercial security suppliers.
The deliverable indicates that despite multiple growth drivers, opportunities come with their own challenges of economic uncertainties, forcing revision in spending patterns. Meanwhile, competition from low-cost Chinese participants and decline in equipment prices have moderated the market revenue growth. Some of the low value commercial projects exhibit inclination towards the purchase of low-cost Chinese systems due to budget constraints. The entry of such participants into the security systems market intensifies the competition and forces the Tier I participants to join the price game. However, some of the established participants have resisted joining this trend and have instead focused on product innovation with value addition for users. The decline in price points has reduced the overall market revenue and also the profitability of these participants. During the short term, the squeeze in spending is expected to continue as users tend to conserve resources. Established brands will continue to have an upper hand when the total cost of ownership is taken as the procurement philosophy.

Future outlook: The market moving towards adopting transformational technologies
High-value customers in retail, healthcare, and hospitality segments have preferred using cloud-based surveillance and access control systems that provide remote management of employee credentials for multiple sites, managing building security on-the-go, and asset management.
Growing awareness of the capabilities of new generation security products and solutions, combined with the need to address infrastructure safety concerns, make the commercial security market in the Middle East promising and upbeat.

RESEARCH: INFOGRAPHIC

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Table of Contents

Key Findings

Market Engineering Measurements

CEO’s Perspective

Market Definitions

Product Definitions

End-user Definition

Product Segmentation

End-user Segmentation

Market Distribution Channels

Market Engineering Measurements

Forecast Assumptions

Revenue Forecast

Percent Revenue Forecast by Country

Revenue Forecast by Country

Country Hotspots

Revenue Forecast by End-user Segmentation

Revenue Forecast Discussion by End-user Segmentation

Growth Opportunity 1—Integration

Growth Opportunity 2—Regulations

Growth Opportunity 3—Use of Surveillance beyond Security

Growth Opportunity 4—Reduction in Number of Cameras

Growth Opportunity 5—Predictive Analytics

Strategic Imperatives for Success and Growth

Competitive Factors and Assessment

How Video Surveillance will Increase the Level of Security

Video Surveillance Systems Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast by End-user Segmentation

Market Share

Market Share Analysis

Competitive Environment

How Access Control will Increase the Level of Security

Access Control Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast by End-user Segments

Revenue Forecast Discussion

Market Share

Market Share Analysis

Competitive Environment

How Intruder Detection will Increase the Level of Security

Intruder Detection System Segment Key Findings

Market Engineering Measurements

Revenue Forecast

Revenue Forecast by End-user Segmentation

Market Share

Market Share Analysis

Competitive Environment

Kingdom of Saudi Arabia—Market Overview

Revenue Forecast

United Arab Emirates—Market Overview

Revenue Forecast

Qatar—Market Overview

Revenue Forecast

Kuwait—Market Overview

Revenue Forecast

Oman—Market Overview

Revenue Forecast

Bahrain—Market Overview

Revenue Forecast

Rest of the Middle East—Market Overview

Revenue Forecast

The Last Word

The Last Word—3 Big Predictions

Legal Disclaimer

Market Engineering Methodology

List of Figures
  • 1. Total Commercial Security Market: Key Market Drivers, Middle East, 2016–2021
  • 2. Total Commercial Security Market: Key Market Restraints, Middle East, 2016–2021
  • 3. Total Commercial Security Market: Market Engineering Measurements, Middle East, 2015
  • 4. Total Commercial Security Market: Revenue Forecast by Country, Middle East, 2015–2021
  • 5. Hospitality Segment: Top 3 Cities with Largest Pipelines, Middle East, 2016
  • 6. Video Surveillance Systems Segment: Market Engineering Measurements, Middle East, 2015
  • 7. Commercial Security Market: Video Analytics Tools Ranked According to Security Needs, Middle East, 2015
  • 8. Video Surveillance Systems Segment: Company Market Share Analysis of Top 5 Participants, Middle East, 2015
  • 9. Video Surveillance Systems Segment: Competitive Structure, Middle East, 2015
  • 10. Access Control Systems Segment: Market Engineering Measurements, Middle East, 2015
  • 11. Commercial Security Market: Integration Ranked According to Security Needs, Middle East, 2015
  • 12. Access Control Systems Segment: Company Market Share Analysis of Top 6 Participants, Middle East, 2015
  • 13. Access Control Systems Segment: Competitive Structure, Middle East, 2015
  • 14. Intruder Detection System Segment: Market Engineering Measurements, Middle East, 2015
  • 15. Intruder Detection System Segment: Company Market Share Analysis of Top 4 Participants, Middle East, 2015
  • 16. Intruder Detection System Segment: Competitive Structure, Middle East, 2015
  • 17. Economic Scenario, the KSA, 2015 and 2020
  • 18. Economic Scenario, the UAE, 2015 and 2020
  • 19. Economic Scenario, Qatar, 2015 and 2020
  • 20. Economic Scenario, Kuwait, 2015 and 2020
  • 21. Economic Scenario, Oman, 2015 and 2020
  • 22. Economic Scenario, Bahrain, 2015 and 2020
  • 23. Economic Scenario, Turkey, 2015 and 2020
List of Charts
  • 1. Total Commercial Security Market: Market Engineering Measurements, Middle East, 2015
  • 2. Total Commercial Security Market: Percent Sales Breakdown, Middle East, 2015
  • 3. Total Commercial Security Market: Percent Sales Breakdown by End Users, Middle East, 2015
  • 4. Total Commercial Security Market: Distribution Channel Analysis, Middle East, 2015
  • 5. Total Commercial Security Market: Revenue Forecast, Middle East, 2015–2021
  • 6. Total Commercial Security Market: Percent Revenue Forecast by Country, Middle East, 2015–2021
  • 7. Total Commercial Security Market: Revenue Forecast by Vertical Market, Middle East, 2015–2021
  • 8. Industrial Segment: Percent Revenue Breakdown, Middle East, 2015
  • 9. Utilities Segment: Percent Revenue Breakdown, Middle East, 2015
  • 10. Education Segment: Percent Revenue Breakdown, Middle East, 2015
  • 11. Hospitality Segment: Percent Revenue Breakdown, Middle East, 2015
  • 12. Video Surveillance Systems Segment: Revenue Forecast, Middle East, 2015–2021
  • 13. Video Surveillance Systems Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021
  • 14. Video Surveillance Systems Segment: Percent Sales Breakdown, Middle East, 2015
  • 15. Video Surveillance Systems Segment: Percent Sales Breakdown, Middle East, 2015
  • 16. Access Control Systems Segment: Percent Sales Breakdown, Middle East, 2015
  • 17. Access Control Systems Segment: Growth Percent and Revenue Forecast, Region, 2015–2021
  • 18. Access Control Systems Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021
  • 19. Access Control Systems Segment: Percent Sales Breakdown, Middle East,2015
  • 20. Access Control Systems Segment: Percent Sales Breakdown, Middle East, 2015
  • 21. Intruder Detection System Segment: Percent Sales Breakdown, Middle East, 2015
  • 22. Intruder Detection System Segment: Growth Percent and Revenue Forecast, Region, 2015–2021
  • 23. Intruder Detection System Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021
  • 24. Intruder Detection Systems Segment: Revenue by Product Type, the Middle East, 2015
  • 25. Intruder Detection Systems Segment: Percent Sales Breakdown, Middle East, 2015
  • 26. Commercial Security Market: Revenue Forecast, KSA, 2015–2021
  • 27. Commercial Security Market: Revenue Forecast, UAE, 2015–2021
  • 28. Commercial Security Market: Revenue Forecast, Qatar, 2015–2021
  • 29. Commercial Security Market: Revenue Forecast, Kuwait, 2015–2021
  • 30. Commercial Security Market: Revenue Forecast, Oman, 2015–2021
  • 31. Commercial Security Market: Revenue Forecast, Bahrain, 2015–2021
  • 32. Commercial Security Market: Revenue Forecast, RoME, 2015–2021
Related Research
The commercial security market has been in the limelight for its growth across the Middle East for the past few years driven by increased investments and stringent regulatory policies. The demand for sophisticated security systems has seen an upswing, creating growth opportunities throughout the ecosystem. According to Frost & Sullivan’s latest report, the commercial security market in the Middle East is expected to expect double-digit growth by 2021. Within the product segments, video surveillance accounted for a dominant share of the total market followed by access control and intruder detection. While favorable government policies facilitate demand generation, technology is playing an important role in helping to achieve better monitoring and control functions. The security market has been evolving in line with the global IT and telecom domain trends and hence is highly dynamic. Of all the counties in this region, the Kingdom of Saudi Arabia (KSA) leads the market with the largest share. The fall in oil prices and rationalization of investment in infrastructure projects is expected to result in a temporary slowdown in the KSA market, but is expected to revive in the long term. The upcoming Expo 2020 and FIFA World Cup 2022 have enabled investment in large projects with sizeable trickle down to the security infrastructure. Qatar is expected to see the highest CAGR growth rate followed by the United Arab Emirates (UAE). Among the commercial security end-user sectors, hospitality is likely to experience the highest growth followed by commercial buildings. The industrial and commercial end-user sectors will hold more than 50.0% share of the total market till the end of the forecast period. Threat from cheaper competition and tight security budgets hamper prospects for commercial security suppliers. The deliverable indicates that despite multiple growth drivers, opportunities come with their own challenges of economic uncertainties, forcing revision in spending p
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Table of Contents | Executive Summary~ || Key Findings~ || Market Engineering Measurements~ || CEO’s Perspective~ | Market Overview~ || Market Definitions~ || Product Definitions~ || End-user Definition~ || Product Segmentation~ || End-user Segmentation~ || Market Distribution Channels~ | Drivers and Restraints—Total Commercial Security Market~ || Market Drivers~ || Market Restraints~ | Forecasts and Trends—Total Commercial Security Market~ || Market Engineering Measurements~ || Forecast Assumptions~ || Revenue Forecast~ || Percent Revenue Forecast by Country~ || Revenue Forecast by Country~ || Country Hotspots~ || Revenue Forecast by End-user Segmentation~ || Revenue Forecast Discussion by End-user Segmentation~ | Growth Opportunities and Companies to Action~ || Growth Opportunity 1—Integration~ || Growth Opportunity 2—Regulations~ || Growth Opportunity 3—Use of Surveillance beyond Security~ || Growth Opportunity 4—Reduction in Number of Cameras~ || Growth Opportunity 5—Predictive Analytics~ || Strategic Imperatives for Success and Growth~ || Competitive Factors and Assessment~ | Video Surveillance Systems Breakdown~ || How Video Surveillance will Increase the Level of Security~ || Video Surveillance Systems Segment Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Revenue Forecast by End-user Segmentation~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | Access Control Systems Breakdown~ || How Access Control will Increase the Level of Security~ || Access Control Segment Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Revenue Forecast by End-user Segments~ || Revenue Forecast Discussion~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | Intruder Detection System Breakdown~ || How Intruder Detection will Increase the Level of Security~ || Intruder Detection System Segment Key Findings~ || Market Engineering Measurements~ || Revenue Forecast~ || Revenue Forecast by End-user Segmentation~ || Market Share~ || Market Share Analysis~ || Competitive Environment~ | Kingdom of Saudi Arabia~ || Kingdom of Saudi Arabia—Market Overview~ || Revenue Forecast~ | United Arab Emirates~ || United Arab Emirates—Market Overview~ || Revenue Forecast~ | Qatar~ || Qatar—Market Overview~ || Revenue Forecast~ | Kuwait~ || Kuwait—Market Overview~ || Revenue Forecast~ | Oman~ || Oman—Market Overview~ || Revenue Forecast~ | Bahrain~ || Bahrain—Market Overview~ || Revenue Forecast~ | Rest of the Middle East (RoME)~ || Rest of the Middle East—Market Overview~ || Revenue Forecast~ || The Last Word~ || The Last Word—3 Big Predictions~ || Legal Disclaimer~ | Appendix~ || Market Engineering Methodology~
List of Charts and Figures 1. Total Commercial Security Market: Key Market Drivers, Middle East, 2016–2021~ 2. Total Commercial Security Market: Key Market Restraints, Middle East, 2016–2021~ 3. Total Commercial Security Market: Market Engineering Measurements, Middle East, 2015~ 4. Total Commercial Security Market: Revenue Forecast by Country, Middle East, 2015–2021~ 5. Hospitality Segment: Top 3 Cities with Largest Pipelines, Middle East, 2016~ 6. Video Surveillance Systems Segment: Market Engineering Measurements, Middle East, 2015~ 7. Commercial Security Market: Video Analytics Tools Ranked According to Security Needs, Middle East, 2015~ 8. Video Surveillance Systems Segment: Company Market Share Analysis of Top 5 Participants, Middle East, 2015~ 9. Video Surveillance Systems Segment: Competitive Structure, Middle East, 2015~ 10. Access Control Systems Segment: Market Engineering Measurements, Middle East, 2015~ 11. Commercial Security Market: Integration Ranked According to Security Needs, Middle East, 2015~ 12. Access Control Systems Segment: Company Market Share Analysis of Top 6 Participants, Middle East, 2015~ 13. Access Control Systems Segment: Competitive Structure, Middle East, 2015~ 14. Intruder Detection System Segment: Market Engineering Measurements, Middle East, 2015~ 15. Intruder Detection System Segment: Company Market Share Analysis of Top 4 Participants, Middle East, 2015~ 16. Intruder Detection System Segment: Competitive Structure, Middle East, 2015~ 17. Economic Scenario, the KSA, 2015 and 2020~ 18. Economic Scenario, the UAE, 2015 and 2020~ 19. Economic Scenario, Qatar, 2015 and 2020~ 20. Economic Scenario, Kuwait, 2015 and 2020~ 21. Economic Scenario, Oman, 2015 and 2020~ 22. Economic Scenario, Bahrain, 2015 and 2020~ 23. Economic Scenario, Turkey, 2015 and 2020~| 1. Total Commercial Security Market: Market Engineering Measurements, Middle East, 2015~ 2. Total Commercial Security Market: Percent Sales Breakdown, Middle East, 2015 ~ 3. Total Commercial Security Market: Percent Sales Breakdown by End Users, Middle East, 2015~ 4. Total Commercial Security Market: Distribution Channel Analysis, Middle East, 2015~ 5. Total Commercial Security Market: Revenue Forecast, Middle East, 2015–2021~ 6. Total Commercial Security Market: Percent Revenue Forecast by Country, Middle East, 2015–2021~ 7. Total Commercial Security Market: Revenue Forecast by Vertical Market, Middle East, 2015–2021~ 8. Industrial Segment: Percent Revenue Breakdown, Middle East, 2015~ 9. Utilities Segment: Percent Revenue Breakdown, Middle East, 2015~ 10. Education Segment: Percent Revenue Breakdown, Middle East, 2015~ 11. Hospitality Segment: Percent Revenue Breakdown, Middle East, 2015 ~ 12. Video Surveillance Systems Segment: Revenue Forecast, Middle East, 2015–2021~ 13. Video Surveillance Systems Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021~ 14. Video Surveillance Systems Segment: Percent Sales Breakdown, Middle East, 2015~ 15. Video Surveillance Systems Segment: Percent Sales Breakdown, Middle East, 2015~ 16. Access Control Systems Segment: Percent Sales Breakdown, Middle East, 2015~ 17. Access Control Systems Segment: Growth Percent and Revenue Forecast, Region, 2015–2021~ 18. Access Control Systems Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021~ 19. Access Control Systems Segment: Percent Sales Breakdown, Middle East,2015~ 20. Access Control Systems Segment: Percent Sales Breakdown, Middle East, 2015~ 21. Intruder Detection System Segment: Percent Sales Breakdown, Middle East, 2015~ 22. Intruder Detection System Segment: Growth Percent and Revenue Forecast, Region, 2015–2021~ 23. Intruder Detection System Segment: Revenue Forecast by Vertical Market, Middle East, 2015–2021~ 24. Intruder Detection Systems Segment: Revenue by Product Type, the Middle East, 2015~ 25. Intruder Detection Systems Segment: Percent Sales Breakdown, Middle East, 2015~ 26. Commercial Security Market: Revenue Forecast, KSA, 2015–2021~ 27. Commercial Security Market: Revenue Forecast, UAE, 2015–2021~ 28. Commercial Security Market: Revenue Forecast, Qatar, 2015–2021~ 29. Commercial Security Market: Revenue Forecast, Kuwait, 2015–2021~ 30. Commercial Security Market: Revenue Forecast, Oman, 2015–2021~ 31. Commercial Security Market: Revenue Forecast, Bahrain, 2015–2021~ 32. Commercial Security Market: Revenue Forecast, RoME, 2015–2021~
Author Sagarina Rai
Industries Aerospace, Defence and Security
WIP Number P985-01-00-00-00
Is Prebook No