Amid increasing foreign investments in Turkey is spurring the construction of both public and private infrastructures. Rising construction sector coupled with increasing security concerns has further fueled the demand of more enhanced security systems including video surveillance systems. The country accounts for largest market share in all the Middle-East video surveillance Market, both in terms of revenue and volume. Turkey is also featured amongst the top leading countries in adopting the IP based Surveillance system.
According to the 6Wresearch, Turkey Video Surveillance Market is projected to touch $759 Million by 2021. Rising construction activity, 5% Y-o-Y, followed by increasing terrorist activities and security threats have spurred the deployment of video surveillance system in Turkey.
Prijo Samuel, Senior Research Analyst, 6Wresearch, commented “Over the years, Turkey has been witnessing a key trend i.e. shifting from analog to IP based surveillance systems. Additionally, rising IT infrastructure and IT spending in SME sector is also created substantial market opportunity for video surveillance players”.
He further added that the Pan-Tilt-Zoom (PTZ) HD surveillance cameras is making strong footprints in Turkey due to increasing deployment at major public and secured areas.
According to the Akash Shukla, Research Associate, 6Wresearch, “Turkey would witness growth in video management and video analytics software due to upcoming smart city projects in Elazig, Aradhan, Kirsehir and Istanbul.”
Despite lethargic demand for analog video surveillance system, Hybrid Digital Video Recorders (HDVR) are increasingly used along with analog surveillance systems to utilize IP surveillance systems features.” Akash concluded.
Top Companies in Turkey Video Surveillance Market include: Axis Communications, Bosch Security Systems, Honeywell, LG, Mobotix, Panasonic, Pelco by Schneider Electric, S2 Security, Samsung Techwin, and Sony.
“Turkey’s Video Surveillance Market (2015-2021)” features in-depth analysis with 81 figures and 28 tables covered in more than 130 pages. The report include historical and forecast estimations for Turkey’s video surveillance market by revenue, types & components of video surveillance systems and verticals such as banking & financial, government & transportation, commercial offices, retail & logistics, industrial & manufacturing, residential, hospitality & healthcare and educational institutions. The report also include analysis of competitive landscape, market share by companies, companies benchmarking, company profiles, market drivers & restraints and key trends.
6Wresearch regularly tracks video surveillance market and has been publishing report across various emerging market and countries in Asia and Middle East and Latin America.