Market Trends of Middle East And Africa Surveillance IP Cameras Industry
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.
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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.
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