Market for electronic security systems grows in Qatar
Growing investments to build the public and private infrastructures for the FIFA World Cup, 2022, Qatar Government’s National Development Roadmap, rising security and IT spending is spurring the market for electronic security systems in Qatar.
According to 6Wresearch, Qatar electronic security systems market is anticipate to exhibit proliferating CAGR of 15% during 2015-21. Propelled by growing construction activities and need for sophisticated security systems have contributed for the demand for video surveillance, access control and intrusion detection systems.
According to Prijo Samuel, Senior Research Analyst, Research and Consulting, 6Wresearch,
“in Qatar’s electronic security systems market, video surveillance systems contributed majorly, buoyed by growth in IP/Network surveillance systems. Qatari government has mandated to install IP surveillance systems at government offices, retail stores, and commercial offices. Access control systems captured second largest share, where card reader access control held majority of revenue share followed by biometric access control systems. Intrusion detection systems are majorly deployed at high-end facilities such as airports, refineries, etc.”
“In the forecast period, IP/Network video surveillance systems market is expected to gain further share of the market owing to growing security spending, rising IT infrastructure, IT spending coupled with need to provide full proof security for the upcoming event. Also, demand for remote monitoring and video analytics would further fuel the market for IP video surveillance systems”, Samuel further added.
According to Akash Shukla, Research Associate, Research and Consulting, 6Wresearch,
“in Qatar access control market, share of biometrics systems is expected to increase due to declining prices and growing user acceptance. Fingerprint biometrics systems have dominated the biometrics access control market and would control the market in the forecast period as well.
“Southern region being the largest commercial hub in Qatar, held largest revenue share in the overall electronic security market in Qatar.” Akash concluded.
The major companies in Qatar’s electronic security market include- Axis Communications, Bosch Security Systems, Hikvision, Honeywell, Pelco by Schneider Electric, Samsung Techwin, HID, Tyco Fire & Security, Lenel Systems and Siemens.
‘Qatar’s Electronic Security Market (2015-2021)’ provides in-depth analysis with 47 figures and 18 tables covered in 124 pages. The report estimates and forecast overall Qatar’s electronic security market by revenue, volume, type & components of electronic security systems and verticals such as banking & financial, government & transportation, commercial offices, retail & logistics, industrial & manufacturing, residential, hospitality & healthcare and educational institutions. The report also gives the insights on competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers and restraints.