The growing demand for streamlined and IP network security systems will double the value of the Middle East’s commercial security market over the next four years, with hospitality likely to witness the highest growth of all end-user segments, according to new research.
Driven by increased investments and stringent regulatory policies, the commercial security market has witnessed an upswing throughout the region creating opportunities for suppliers of IP-based video surveillance, access control and intrusion detection.
Analysts Frost & Sullivan (F&S) estimate the market will be worth $4.8 billion by 2021, growing at a 17 per cent compound annual growth rate (CAGR) from its $2.2 billion value in 2016.
Video surveillance accounts for a 75 per cent of total market share, followed by access control at 15 per cent, and intrusion detection at 10 per cent.
Saudi Arabia and the UAE together comprise more than half of the entire regional market according to F&S, while among the end-user sectors, hospitality will see the highest growth at a CAGR of 25 per cent, followed by commercial buildings at a CAGR of 22 per cent.
The latest in sophisticated technologies and innovation in a regional and global market that is undergoing dynamic changes will be a key focal point at Intersec 2018, a leading trade fair for security, safety, and fire protection.
Taking place from January 21-23, 2018, at the Dubai International Convention and Exhibition Centre, Intersec will mark its 20th anniversary edition, featuring more than 1,300 exhibitors from 58 countries.
With 580-plus exhibitors, commercial security is the largest of seven sections, with more than two-thirds of the world’s top 50 security solutions players on board, including Hikvision, Bosch, Dahua, Assa Abloy, Tyco, FLIR, Hanwha Techwin, Axis Communications, Avigilon, Panasonic, Infinova, IDIS, and Milestone Systems.
Ahmed Pauwels, CEO of Intersec’s organiser Messe Frankfurt Middle East, said: “Safety and security is the pre-eminent priority for businesses and civic authorities not just in the region but across the globe, especially in today’s scenario where a small security vulnerability can lead to major losses.”
“Intersec’s commercial security section reflects the increasing demand that exists in the region for cutting-edge IP-based network video surveillance, access control and monitoring systems. With a majority of the leading brands present, the exhibition presents a comprehensive line-up of the best in the industry to regional trade visitors, systems integrators, end-users and professionals,” he said.
In its 20th anniversary edition, Intersec returns with 13 exhibitors that participated in the very first exhibition in 1999, including the British Security Industry Association (BSIA), which works with the UK Government to support British security companies trade internationally.
The BSIA and supporting government partner the UK Department for International Trade, Defence and Security Organisation, will bring more than 150 UK companies to Intersec 2018, compared to the less than 10 that exhibited in the inaugural edition 20 years ago.
Simon Everest, director for operations and security at the UK Department for International Trade, Defence and Security Organisation, said: “UK companies at Intersec grow every year and that’s testament to what they get out of participating at the show in their ability to meet people, both with older acquaintances and to meet new contacts.”
“The UK has a long history in securing major events, most recently the London Olympics so we’re excited about the opportunities that will arise as a result of the Expo 2020 in Dubai. That will be a fantastic event and a really good opportunity to showcase the number of innovative products and technologies from UK providers,” he added.
Intersec 2018 will occupy 60,000-sq-m across 13 halls at the Dubai International Convention and Exhibition Centre, with the show’s other six sections covering fire and rescue, safety and health, homeland security and policing, perimeter and physical security, Cyber Security, and Smart Home & Building Automation.
New developments next year include a drones pavilion, an indoor drone zone, and a wearable security pavilion, while returning features include the safety design in buildings pavilion in the fire and rescue section, as well as an outdoor Demonstration Zone of the latest fire rescue applications in action.
A comprehensive three-day conference programme will be spearheaded by Dubai’s Security Industry Regulatory Agency (SIRA) Forum, while other topics will cover cyber security, drones, commercial security, and fire protection.
Intersec 2018 is held under the patronage of HH Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, and supported by the Dubai Police, Dubai Civil Defence, the Dubai Police Academy, and the Dubai Municipality, it stated. – TradeArabia News Service