|04 December, 2019

Region’s security market to reach $8.4bln by 2025

The bulk of demand comes from Saudi Arabia (29.9%) followed by the UAE (24.7%), Qatar (10.2%) and Kuwait (7.2%)

Mubasher: The Middle East’s commercial security market is expected to reach $8.4 billion by 2025, according to new research.

A report by 6W Research, commissioned by Intersec sees the market registering a 16% compound annual growth rate (CAGR) over the next two and a half decades.

Growth is driven by increasing infrastructure development and stringent regulatory policies, as well as fuelling demand for hi technology surveillance, access control, and intrusion detection solutions.

The research shows the bulk of demand is coming from Saudi Arabia (29.9%) followed by the UAE (24.7%), Qatar (10.2%) and Kuwait (7.2%).

Governments in the region are putting special focus on the installation of video surveillance systems across the Middle East.

Source: Mubasher

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