Report Overview

Middle East & Africa Video Surveillance Market - Industry Trends & Forecast Report, 2029

Middle East & Africa video surveillance market size was estimated to be worth USD 3.93 billion in 2022. During the forecast period between 2023 and 2029, the Middle East & Africa video surveillance market size is projected to grow at a CAGR of 11.61% reaching a value of USD 8.35 billion by 2029. Major growth factors for the Middle East & Africa video surveillance market include a number of government rules that require the installation of video surveillance equipment in stores and public locations. The increase in construction activities across a range of commercial and residential sectors, including new projects for hotels, resorts, entertainment venues, and shopping malls, as well as the massive influx of foreign direct investments (FDI) in the retail and construction sectors, are expected to boost the growth of Middle East & Africa video surveillance market during the forecast period.

Middle East & Africa Video Surveillance Market – Overview

A video surveillance system is made up of a network of cameras, monitors/display devices, and recorders. Both the inside and the outside of a building or area can use these technologies. They can be programmed to record solely in reaction to movement, continuously, or only at particular periods of the day. A variety of design elements are feasible for both analog and digital cameras. The ability of a digital video surveillance system to record and store the video signal in a digital format is the primary distinction between a digital video surveillance system and an analog video surveillance system.

Middle East & Africa Video Surveillance Market

Growth Drivers

Governments’ Initiatives to Improve Public Safety and Security

The governments of various Middle Eastern & African countries are imposing strict regulations that make it mandatory to install video surveillance systems at public and commercial spaces. Saudi Arabia, for instance, has recently approved regulations on surveillance cameras, which require public areas of hotels and residential buildings, as well as sport clubs and stadia, and mosques among buildings to install systems, as reported by Arab News. Such regulations are projected to boost the demand for video surveillance propelling the overall market growth.

Restraints

Rising Privacy Concerns and Data Theft

The use of video surveillance cameras has grown in the recent years all over the world. Modern video security cameras come with technologies such as the Internet of Things (IoT) that make it possible to convey data effectively and quickly. This function, nonetheless, can jeopardize the security of the circumstance that has been tapped or recorded. The smooth sharing of video recordings and clips to uninvited individuals facilitates several harmful behaviors. This can be dangerous to the privacy of an individual who allows his/her activity to be tapped.

Impact of COVID-19 on Middle East & Africa Video Surveillance Market

The COVID-19 pandemic significantly halted the growth of Middle East & African video surveillance market. The emergence of the virus from China and subsequent lockdown implementation in different parts of the world halted the manufacturing and supply chains of video surveillance components. The lockdown also resulted in a huge shortage of semiconductor chips, crucial for manufacturing several video surveillance components, which affected the manufacturing operations in the post-COVID-19 period as well. Furthermore, the temporary pause in the infrastructure activities also directly impacted the demand for video surveillance in the Middle East & Africa market.

Middle East & Africa Video Surveillance Market

Segmental Coverage

Middle East & Africa Video Surveillance Market – By Components

Based on components, the Middle East & Africa video surveillance market is segregated into video surveillance cameras, analog cameras, IP/network cameras, wired cameras, wireless cameras, and others (video surveillance recorders, network video recorders, digital video recorders, video surveillance encoder, and video management software). The video surveillance cameras segment holds the highest share in Middle East & Africa video surveillance market. The hybrid security camera system is gaining huge traction in the MEA region as they offer much higher resolution and better wireless functionality.

Middle East & Africa Video Surveillance Market – By Applications

Based on applications, the Middle East & Africa video surveillance market is segmented into banking & financial, government & transportation, retail & logistics, commercial offices, industrial & manufacturing, and others (residential, hospitality & healthcare, and educational institutions). The retail & logistics segment accounts for the highest market share. Remote access retail security camera solutions enable managers and business owners to watch video feeds from any location. It is essential for stopping theft and shoplifting that could take place while just loss prevention staff are not watching.

Middle East & Africa Video Surveillance Market – By Region

Middle East & Africa video surveillance market covers the following major regions: Saudi Arabia, UAE, Qatar, Kuwait, South Africa, Nigeria, Algeria, and the rest of the Middle East & Africa. Saudi Arabia dominates the Middle East & Africa video surveillance market. With flourishing infrastructural development under Vision 2030 due to expanding FDI in the commercial and retail sectors, the demand for video surveillance is projected to rise during the forecast period. Furthermore, Saudi Government’s regulations to strengthen surveillance in public areas also act as a contributing factor to the market growth.

Competitive Landscape

Major players operating in Middle East & Africa video surveillance market include Axis Communications AB, Bosch Group, Hanwha Corporations, Hangzhou Hikvision Digital Technology Co. Ltd, Pelco Corporations, Avigilon Corporations, Honeywell Security Group, Panasonic Corporation, Zhejiang Dahua Technology Co. Ltd., and Cisco Systems Inc. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Component

• Video Surveillance Cameras

• Analog Camera

• IP/Network Camera

• Wired Camera

• Wireless Camera

• Others (Video Surveillance Recorder, Network Video Recorder, Digital Video Recorder, Video Surveillance Encoder, and Video Management Software)

By Application

• Banking & Financial

• Government & Transportation

• Retail & Logistics

• Commercial Offices

• Industrial & Manufacturing

• Others (Residential, Hospitality & Healthcare, and Educational Institutions)

By Country

• Saudi Arabia

• UAE

• Qatar

• Kuwait

• South Africa

• Nigeria

• Algeria

• Rest of Middle East & Africa

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. Middle East & Africa Video Surveillance Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Increasing security concerns
         2. Government initiatives to improve public safety and security
         3. Rapid pace of urbanization in the region
      2. Restraints
         1. High initial investment
         2. Lack of skilled professionals
      3. Opportunities
         1. Adoption of advanced technologies
         2. Growth of smart cities
      4. Challenges
         1. Competition from low-cost alternatives
         2. Lack of standardization
   3. Technology Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. Middle East & Africa Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
         1. Video Surveillance Cameras
         2. Analog Camera
         3. IP/Network Camera
         4. Wired Camera
         5. Wireless Camera
         6. Others (Video Surveillance Recorder, Network Video Recorder, Digital Video Recorder, Video Surveillance Encoder, and Video Management Software)
      2. By Application
         1. Banking & Financial
         2. Government & Transportation
         3. Retail & Logistics
         4. Commercial Offices
         5. Industrial & Manufacturing
         6. Others (Residential, Hospitality & Healthcare, and Educational Institutions)
      3. By Country
         1. Saudi Arabia
         2. UAE
         3. Qatar
         4. Kuwait
         5. South Africa
         6. Nigeria
         7. Algeria
         8. Rest of Middle East & Africa
5. Saudi Arabia Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Application
6. UAE Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Application
7. Qatar Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Application
8. Kuwait Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Application
9. South Africa Video Surveillance Market Overview
   1. Market Size & Forecast by Value, 2019–2029
      1. By Value (USD Billion)
   2. Market Share & Forecast
      1. By Components
      2. By Application
10. Nigeria Video Surveillance Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Application
11. Algeria Video Surveillance Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Application
12. Rest of Middle East & Africa Video Surveillance Market Overview
    1. Market Size & Forecast by Value, 2019–2029
       1. By Value (USD Billion)
    2. Market Share & Forecast
       1. By Components
       2. By Application
13. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
14. Impact of Covid-19 on Middle East & Africa Video Surveillance Market
15. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
    1. Axis Communications AB
    2. Bosch Group
    3. Hanwha Corporations
    4. Hangzhou Hikvision Digital Technology Co. Ltd
    5. Pelco Corporations
    6. Avigilion Corporations
    7. Honeywell Security Group
    8. Panasonic Corporation
    9. Zhejiang Dahua Technology Co. Ltd.
    10. Cisco Systems Inc.
    11. Other Prominent Players
16. Key Strategic Recommendations
17. Research Methodology
    1. Qualitative Research
       1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
       1. Secondary Research
       2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1   Middle East & Africa Video Surveillance Market Segmentation

Figure 2   Middle East & Africa Video Surveillance Market Value Chain Analysis

Figure 3   Company Market Share Analysis, 2022

Figure 4   Middle East & Africa Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 5   Middle East & Africa Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 6   Middle East & Africa Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 7   Middle East & Africa Video Surveillance Market Share, By Country, By Value, 2019–2029

Figure 8   Saudi Arabia Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 9   Saudi Arabia Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 10 Saudi Arabia Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 11 UAE Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 12 UAE Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 13 UAE Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 14 Qatar Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 15 Qatar Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 16 Qatar Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 17 Kuwait Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 18 Kuwait Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 19 Kuwait Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 20 South Africa Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 21 South Africa Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 22 South Africa Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 23 Nigeria Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 24 Nigeria Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 25 Nigeria Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 26 Nigeria Video Surveillance Market Size, By Value (USD Billion), 2019–2029

Figure 27 Algeria Video Surveillance Market Share, By Component, By Value, 2019–2029

Figure 28 Algeria Video Surveillance Market Share, By Application, By Value, 2019–2029

Figure 29 Rest of Middle East & Africa Video Surveillance Market Size, By Value (USD Billion), 2019−2029

Figure 30 Rest of Middle East & Africa Video Surveillance Market Share, By Component, By Value, 2019−2029

Figure 31 Rest of Middle East & Africa Video Surveillance Market Share, By Application, By Value, 2019−2029

List of Tables

Table 1       Middle East & Africa Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 2       Middle East & Africa Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 3       Middle East & Africa Video Surveillance Market Size, By Country, By Value, 2019–2029

Table 4       Saudi Arabia Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 5       Saudi Arabia Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 6       UAE Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 7       UAE Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 8       Qatar Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 9       Qatar Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 10     Kuwait Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 11     Kuwait Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 12     South Africa Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 13     South Africa Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 14     Nigeria Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 15     Nigeria Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 16     Algeria Video Surveillance Market Size, By Component, By Value, 2019–2029

Table 17     Algeria Video Surveillance Market Size, By Application, By Value, 2019–2029

Table 18     Rest of Middle East & Africa Video Surveillance Market Size, By Component, By Value, 2019−2029

Table 19     Rest of Middle East & Africa Video Surveillance Market Size, By Application, By Value, 2019−2029

Table 20     Axis Communications AB Company Overview

Table 21     Axis Communications AB Financial Overview

Table 22     Bosch Group Company Overview

Table 23     Bosch Group Financial Overview

Table 24     Hanwha Corporations Company Overview

Table 25     Hanwha Corporations Financial Overview

Table 26     Hangzhou Hikvision Digital Technology Co. Ltd Company Overview

Table 27     Hangzhou Hikvision Digital Technology Co. Ltd Financial Overview

Table 28     Pelco Corporations Company Overview

Table 29     Pelco Corporations Financial Overview

Table 30     Avigilion Corporations Company Overview

Table 31     Avigilion Corporations Financial Overview

Table 32     Honeywell Security Group Company Overview

Table 33     Honeywell Security Group Financial Overview

Table 34     Panasonic Corporation Company Overview

Table 35     Panasonic Corporation Financial Overview

Table 36     Zhejiang Dahua Technology Co. Ltd. Company Overview

Table 37     Zhejiang Dahua Technology Co. Ltd. Financial Overview

Table 38     Cisco Systems Inc Company Overview

Table 39     Cisco Systems Inc Financial Overview