Middle East commercial security market to be worth $8.4bn by 2025
Findings from 6W Research's report, commissioned by Intersec, highlights market growth driven by high-tech solutions
The Middle East’s commercial security market will be worth $8.4bn (AED30.85bn) by 2025, and will demonstrate a 16% compound annual growth rate (CAGR) over the next two and a half decades, according to the 6W Research report, which is commissioned by Intersec – organiser of the region’s leading trade fair for security, safety, and fire protection, Intersec Middle East – as well as Messe Frankfurt Middle East.
According to the report, growth in the commercial security market is being driven by increasing infrastructure developments in the region and stringent regulatory policies. These are fuelling demand for super-smart high-tech surveillance, access control, and intrusion detection solutions.
The bulk of demand for these solutions are rising from Saudi Arabia (29.9%), followed by the UAE (24.7%), and Kuwait (7.2%), the report states.
Video surveillance systems are leading current demand, with research pointing to potential for advanced technology solutions.
“The segment is expected to continue its dominance as governments in the region are putting special focus on the installation of video surveillance systems across the Middle East,” the report said. “Increasing adoption of IP surveillance, video analytics, and smart storage would further push the segment growth in the coming years.”
6W Research findings are borne out of responses received from exhibitors who have signed up for the Intersec Middle East, which will be held on 19-21 January, 2020, at the Dubai World Trade Centre (DWTC).
Cloud computing, artificial intelligence, and smart technology will be the key influencers for the sector, according to the Greece-based integrated IT solutions provider Terracom S.A. The company will showcase its QR-Patrol cloud/mobile platform, which facilitates real-time management for patrol guards.
Commenting on the platform, chief executive officer of Terracom, Dimitrios Zacharakis, said: “It allows companies to monitor their premises and equipment, and safeguard their lone workers. QR-Patrol’s design and functionality is based on Terracom’s long experience in security software and adopts the business logic of a Central Monitoring Station. It’s the first application worldwide to incorporate in its arsenal Internet-of-Things technologies such as beacons and wearables.”
Zacharakis believes the commercial security sector is on the verge of a massive overhaul with conventional solutions being relegated to the past.
He adds: “Up to now, most companies have turned to traditional systems for their security needs, entailing numerous limitations such as the lack of real-time control and instant crisis management. This offers us a great opportunity to penetrate the market using a smart real-time solution that can cover the industry’s needs.”
Dutch IoT platform AlarmSecur.com – which integrates sensor-triggered devices with CCTV to issue push alerts to phones, seconds before the sensors are triggered – will also make a regional push at Intersec. The company will launch the smallest 4GG videophone with facial recognition at the event.
According to CEO of AlarmSecur.com, Roderik van der Touw, the sector’s future will be dominated by super-smart solutions.
Roderik van der Touw said: “There will be a growth in device integration with video, as well as more video analytics and AI, like facial recognition. There is simply more demand for reliable, and high-resolution video security.”
Dubai-based video management software provider Digifort adds that the commercial security sector is already being totally transformed.
“Far beyond traditional video security, the new wave of artificial intelligence and application solutions based on deep learning, are helping us make better sense of the skyrocketing data we are faced with today. This new level of proactive response is set to help change the future of video surveillance operations,” a Digifort spokesperson said.
At Intersec, Digifort will demonstrate its latest 7.3 VMS technology, as well as facial recognition, video analytics, and audio solutions.
Technology convergence for future security needs will be high on the agenda at the Intersec Intelligence Forums 2020, which features conferences, workshops, roundtables, and live demos.
Sharing insights on the summit, show director at Messe Frankfurt Middle East, Andreas Rex, said: “The Intersec Future Security Summit will track the sector’s transformation when experts analyse critical security threats, examine security loopholes in business ecosystems, and discuss how cutting-edge technologies can be tailored to meet evolving security requirements.”
Rex added: “As the first Intersec of the new decade, it’s appropriate to dig deep into the dynamics of smart technology, including AI and ICT, which will inform how we are all kept safe in the workplace of the future.”
Commercial Security will be the second largest segment represented by exhibitors at Intersec, accounting for 375 out of the 1,200 organisations on the show floor in January 2020.
The Fire and Rescue segment will form the largest section with more than 430 exhibitors, followed by Safety and Health with 140 exhibitors; Information Security with 120 exhibitors; Homeland Security and Policing with 90 exhibitors; and Physical and Perimeter Security with 50 exhibitors.
For more information on the event, visit their website.