Middle East And Africa Surveillance IP Cameras Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.15 Billion |
| Market Size (2029) | USD 2.13 Billion |
| CAGR (2024 - 2029) | 13.06 % |
| Market Concentration | Low |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
Middle East And Africa Surveillance IP Cameras Market Analysis
The Middle East And Africa Surveillance IP Cameras Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 2.13 billion by 2029, growing at a CAGR of 13.06% during the forecast period (2024-2029).
An IP camera, or Internet Protocol camera, is a digital video camera that exchanges data over an IP network. Unlike conventional CCTV cameras operating on closed-circuit systems, IP cameras require a local network connection. While their primary application is surveillance, they are also called netcams or webcams, as they can be accessed directly over a network. Typically, these cameras are linked via wired Ethernet, WiFi, or HDBaseT connections, and they are frequently deployed in demanding outdoor settings, emphasizing the need for energy efficiency.
• Key drivers propelling the Middle East and Africa video surveillance market include governmental mandates necessitating video surveillance installations in public and private locales. Moreover, a surge in construction, spanning hotels, entertainment hubs, and shopping centers, alongside a notable uptick in foreign direct investments (FDI), is poised to foster the market's expansion in the region.
• The economic growth in the Middle East, notably in countries like the United Arab Emirates, Saudi Arabia, Qatar, and Oman, has catalyzed a surge in business ventures. This growth is largely attributed to these nations' strategic shift toward economic diversification, aiming to lessen their reliance on oil and gas revenues. A case in point is Dubai, which, over the past few decades, has evolved into a prominent IT investment hub and a focal point for numerous business events. Consequently, the demand for security and surveillance has seen a substantial uptick.
• In recent years, government bodies and organizations have actively promoted the benefits of surveillance cameras, fostering a conducive environment for the market's growth. For example, the Ministry of Interior's Public Relations Department of Qatar, collaborating with the Security Systems Department from the General Directorate of Information Systems, has been conducting awareness programs. These programs emphasize the significance of security surveillance cameras and systems in bolstering safety and security.
• In the African region, a higher crime rate is forcing the government to look for advanced solutions and surveillance technologies to ensure public safety and control the rising crime rates. In recent years, governments across various countries, such as South Africa, Egypt, and Nigeria, have witnessed initiatives to increase their expenditure on surveillance technologies, which is also supporting the growth of the IP cameras market in the region.
• However, the higher cost of IP cameras compared to analog surveillance cameras continues to remain a major challenging factor for the market's growth in the region. Furthermore, the growing concern about the cybersecurity aspect of surveillance cameras is also anticipated to challenge the market's growth during the forecast period.
Middle East And Africa Surveillance IP Cameras Market Trends
Government Segment to Hold a Significant Market Share
- Government investments and initiatives aimed at controlling crime rates and enhancing public safety are set to drive the demand for surveillance IP cameras in the Middle East and Africa. Moreover, as countries in the region, particularly in the Middle East, work to diversify their economies by attracting businesses and industries, the emphasis on safety and security becomes paramount. These trends foster a favorable environment for the growth of the surveillance IP camera market.
- Furthermore, the growing volume of tourists in countries such as the United Arab Emirates and Saudi Arabia also encourages public authorities to invest in advanced surveillance solutions, creating opportunities in the studied market. For instance, recently, Saudi Arabia's Public Transport Authority has unveiled a state-of-the-art system to monitor public transport vehicles in real-time across Mecca and Medina. This initiative, a first for the nation, is designed to bolster the safety and security of Hajj pilgrims. Central to the system is a mobile control and monitoring center equipped with sensors strategically placed on major roads, enabling real-time tracking of public transport vehicles.
- As Dubai solidifies its status as a global hub for trade shows and events, the demand for surveillance solutions in the region has surged. In 2023, the Dubai World Trade Center (DWTC) hosted 2.47 million participants, a notable 25% uptick from the prior year. This surge was fueled by 301 Meetings, Incentives, Conferences, and Exhibitions (MICE), alongside various business and consumer events, showcasing a commendable 23% year-on-year growth.
- Furthermore, the growth in crime rates across several countries is also encouraging law and enforcement authorities to adopt advanced technologies and surveillance solutions to enhance public safety. For instance, according to the data provided by the South African Police Service (SAPS), during the financial year 2022-23, about 654,053 contact crimes were reported, compared to 601,366 instances reported during FY 2017-2018. Such trends are anticipated to drive opportunities in the surveillance IP cameras market, during the forecast period.
United Arab Emirates to Hold a Significant Market Share
- • During the forecast period, the United Arab Emirates is set to maintain its status as a leading market for surveillance IP cameras in the Middle East and Africa. Several factors drive the growth of this market in the UAE. Key end-user sectors, such as government entities, law enforcement, and businesses, increasingly favor advanced surveillance solutions. In addition, the robust spending power of these end users further bolsters the nation's market expansion.
- • As the region witnesses a surge in business events and exhibitions, the demand for sophisticated surveillance solutions is rising. For example, in 2023, DWTC hosted events and exhibitions that attracted 53,789 exhibiting companies, marking a significant 45% uptick from the previous year. Notably, a record 78% of these exhibitors hailed from abroad, totaling 41,864 international companies. This trend underscores DWTC's prowess in consistently attracting both new and returning global participants. Moreover, the influx of international business attendees aligns with the ambitions of the D33 Agenda, aiming to position Dubai among the world's top three economic powerhouses by 2033.
- • As the influx of people and vehicles on the roads continues to rise, so does the adoption of surveillance cameras for traffic monitoring across the nation. This demand is expected to surge further, especially in light of the increasing number of road accidents and associated fatalities. For instance, the Ministry of Interior reported an 11% increase in road accidents in the UAE, with numbers climbing to 4,391 in 2023, up from 3,945 in 2022.
- • Across various cities in the UAE, a similar pattern is emerging. For example, a recent update from Sharjah Police highlighted that an impressive 99.7% of residents feel safer due to the installation of 89,772 high-tech surveillance cameras throughout the emirate. Furthermore, Sharjah Police noted that 99.3% of residents trust their capability to uphold security and 99.1% express confidence in the police stations. During a recent briefing, police officials disclosed that the rate of serious crimes in Sharjah fell to 40 incidents for every 100,000 individuals last year.
Middle East And Africa Surveillance IP Cameras Industry Overview
The surveillance IP cameras market in the Middle East and African region is competitive owing to the presence of several market players. The growing demand attracts more players into the market, shifting the market dynamics toward a fragmented stage. The growing adoption of IP cameras in the Middle East and Africa is also attracting new players into the market, further enhancing the competition among the vendors.
Some key market players include Honeywell, Bosch, Hikvision, and Hanwha Vision, among others. Vendors in the market are adopting various strategies, such as new product launches, mergers, and acquisitions, to strengthen their market presence in the region. Furthermore, expanding to new markets in the Middle East and African Region is another major strategic priority of some major players operating in the market.
Considering the expanding landscape of the IP surveillance cameras market in the Middle East and African region, vendors should adopt innovation as the key strategy as it will help them stand out among the crowded market. Furthermore, they may also focus on further enhancing the local presence by setting up regional offices and customer service points to maintain proximity to their consumers.
Middle East And Africa Surveillance IP Cameras Market Leaders
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Honeywell International Inc.
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Hangzhou Hikvision Digital Technology Co., Ltd.
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Hanwha Vision
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Zhejiang Uniview Technologies Co.,Ltd.
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Bosch Sicherheitssysteme GmbH
*Disclaimer: Major Players sorted in no particular order
Middle East And Africa Surveillance IP Cameras Market News
- July 2024: Digital Watchdog (DW), a prominent player in the surveillance technology market with a presence in the MEA region, unveiled its latest innovation: the MEGApix Ai CaaS IP cameras. These cameras, available in a 4K bullet and 5MP turret design, feature white light LEDs. Equipped with DW Spectrum IPVMS and an edge-AI Deep Learning engine, these cameras boast advanced features like object detection and tracking.
- April 2024: Ajax Systems launched its newest line of wired security IP cameras. These cameras, rated at IP65 for both indoor and outdoor use, boast a password-less authentication feature to ensure a seamless and secure experience. Offering a range of matrix types and lenses, the camera lineup includes the BulletCam, TurretCam, and DomeCam Mini models.
- January 2024: Hikvision, a leading security solutions provider, bolsters its camera range with the introduction of Stealth Edition Cameras. These new additions sport sleek black housings, marrying aesthetics with cutting-edge functionality. Noteworthy features include 24/7 full-color capabilities through ColorVu technology, alongside advanced AI for human and vehicle detection powered by AcuSense.
Middle East And Africa Surveillance IP Cameras Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Suppliers
4.2.2 Bargaining Power of Consumers
4.2.3 Threat of New Entrants
4.2.4 Threat of Substitutes
4.2.5 Intensity of Competitive Rivalry
4.3 An Assessment of Impact of Macroeconomic Trends on The Market
5. MARKET DYNAMICS
5.1 Market Drivers
5.1.1 Upsurge in Commercial Activities Due to the Growing Influx of FDIs
5.1.2 Growing Emphasis on Technology to Reduce Crime Rate and Enhance Public Safety
5.2 Market Restraints
5.2.1 Technological Limitation and Cybersecurity Concerns
6. MARKET SEGMENTATION
6.1 By End-User Industry
6.1.1 Banking and Financial Institutions
6.1.2 Transportation and Infrastructure
6.1.3 Government and Defense
6.1.4 Healthcare
6.1.5 Industrial
6.1.6 Retail
6.1.7 Enterprises
6.1.8 Residential
6.1.9 Others
6.2 By Country***
6.2.1 United Arab Emirates
6.2.2 Saudi Arabia
6.2.3 South Africa
6.2.4 Qatar
6.2.5 Egypt
6.2.6 Iran
7. COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Teledyne FLIR LLC
7.1.2 Hangzhou Hikvision Digital Technology Co., Ltd.
7.1.3 Hanwha Vision
7.1.4 Synectics Plc
7.1.5 Bosch Sicherheitssysteme GmbH
7.1.6 Pelco (Motorola Solutions)
7.1.7 Zhejiang Uniview Technologies Co.,Ltd.
7.1.8 IDIS Ltd.
7.1.9 Honeywell International Inc.
7.1.10 Panasonic Corporation
7.1.11 CP Plus
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
Middle East And Africa Surveillance IP Cameras Industry Segmentation
An Internet Protocol (IP) camera is a digital security camera that transmits and receives video footage through an IP network. IP cameras are distinct from traditional analog CCTV cameras in that they forego the need for a dedicated local recording device and rely solely on a local network. Like phones and computers, IP cameras seamlessly integrate into a network for operation.
The study comprehensively analyzes trends influencing the dynamics of the surveillance camera market in the Middle East and Africa. It considers the sales of surveillance IP cameras by various market vendors in the Middle East and Africa as the baseline for market estimations. Furthermore, the study also analyzes the influence of macroeconomic factors on the studied market's growth in the region.
The Middle East and Africa surveillance IP cameras market is segmented by end-user industry (banking and financial institutions, transportation and infrastructure, government and defense, healthcare, industrial, retail, enterprises, residential, others) and by country (United Arab Emirates, Saudi Arabia, South Africa, and the rest of Middle East and Africa). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By End-User Industry | |
| Banking and Financial Institutions | |
| Transportation and Infrastructure | |
| Government and Defense | |
| Healthcare | |
| Industrial | |
| Retail | |
| Enterprises | |
| Residential | |
| Others |
| By Country*** | |
| United Arab Emirates | |
| Saudi Arabia | |
| South Africa | |
| Qatar | |
| Egypt | |
| Iran |
Middle East And Africa Surveillance IP Cameras Market Research FAQs
How big is the Middle East And Africa Surveillance IP Cameras Market?
The Middle East And Africa Surveillance IP Cameras Market size is expected to reach USD 1.15 billion in 2024 and grow at a CAGR of 13.06% to reach USD 2.13 billion by 2029.
What is the current Middle East And Africa Surveillance IP Cameras Market size?
In 2024, the Middle East And Africa Surveillance IP Cameras Market size is expected to reach USD 1.15 billion.
Who are the key players in Middle East And Africa Surveillance IP Cameras Market?
Honeywell International Inc., Hangzhou Hikvision Digital Technology Co., Ltd., Hanwha Vision, Zhejiang Uniview Technologies Co.,Ltd. and Bosch Sicherheitssysteme GmbH are the major companies operating in the Middle East And Africa Surveillance IP Cameras Market.
What years does this Middle East And Africa Surveillance IP Cameras Market cover, and what was the market size in 2023?
In 2023, the Middle East And Africa Surveillance IP Cameras Market size was estimated at USD 1.00 billion. The report covers the Middle East And Africa Surveillance IP Cameras Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Middle East And Africa Surveillance IP Cameras Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Middle East And Africa Surveillance IP Cameras Industry Report
Statistics for the 2024 Middle East And Africa Surveillance IP Cameras market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Middle East And Africa Surveillance IP Cameras analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
