The Middle East commercial security market, according to analysts 6Wresearch, will grow by nearly 17 percent annually over the next six years, valuing US$7.4 billion in 2024, compared to an estimated US$2.9 billion in 2018.
With 75 percent of the regional market in 2017 (US$1.87 billion), video surveillance is by far the largest product segment, followed by access control (US$367 million), and intrusion detection (US$262 million).
Retail and banking currently hold the lion's share of the regional market by industry verticals according to 6Wresearch, with an 8.6 percent (US$249 million) and 7.5 percent (US$217 million) share respectively.
Meanwhile, the two Gulf nations of Saudi Arabia and the UAE are the largest contributors to the Middle East commercial security market, with Saudi Arabia holding a 31 percent stake (US$899 million), and the UAE 24 percent (US$696 million).
Andreas Rex, Intersec's Show Director, says: "The Middle East commercial security market has evolved significantly over the years and Intersec exhibitors in this area have always stayed ahead of the curve when it comes to presenting new technologies and innovations for varied end-user verticals, from retail and hospitality, to banking, transport, government, aviation, and smart city concepts. New-age solutions are all about automation, AI, and resource efficiency, and Intersec 2019 will showcase a wide spectrum of the latest developments in the commercial security sector."
Intersec 2019 returns early next year with a revamped conference line-up, including a three-day Intersec Future Security Summit raising key issues on Artificial Intelligence, security Integration, emergency preparedness and response, data protection, IoT and much more.Returning is the SIRA (Security Industry Regulatory Agency) Forum, with the latest updates in security law and industry regulations in Dubai, while a one-day Fire Safety and Protection Conference will involve authorities, fire chiefs, engineers, fire fighters and emergency response professionals.
Returning popular features in 2019 include the Drone Zone, an Outdoor Demo Area, a Smart Home Pavilion and the Safety Design in Buildings Pavilion. More than 150 exhibitors will be participating for the first time, while Canada, China, Czech Republic, France, Germany, Hong Kong, India, Italy, Korea, Pakistan, Russia, Singapore, Taiwan, UK, and the USA comprise the 15 country pavilions.
Intersec 2019 is held under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, and supported by the Dubai Police, Dubai Police Academy, Dubai Civil Defence, SIRA, and the Dubai Municipality.
Media Courtesy : S News Online