GCC Video Surveillance Market Forecast: Revenue Trends and Growth Projections for period from 2023 to 2028.

Market Insights and Analysis: GCC Video Surveillance Market Overview and Projections (2023-2028)

The GCC Video Surveillance Market is projected to grow at a CAGR of around 6% during the forecast period, i.e., 2023-28.

Top leading companies in the GCC Video Surveillance Market includes:

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

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.

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Report Segmentation:

The market is categorized into the following segments in the report:

By Component

-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

·        the Camera held a considerable share in the GCC Video Surveillance market during 2018-2022.

By Connectivity Type

-Wired

-Wireless

By Service

-Video Surveillance as a Service

--Managed Service

--Hosted Service

--Hybrid Service

By End Users

-Infrastructure

-Commercial

-Residential

-Industrial

-Institutional

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GCC Video Surveillance Market Geographic Reach:

The Geographic Reach of the Olive Market evaluates the spread and significance of GCC Video Surveillance Market consumption across different regions/country, emphasizing areas with the largest market size and the most promising growth potential.

·        Saudi Arabia

·        The UAE

·        Qatar

·        Kuwait

·        Bahrain

·        Oman

Note: If you require specific information not covered in the current report, we can provide it through customized option

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