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.

Media Courtesy : Zawya