Market Size of Middle East Commercial Security Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 13.80 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Middle East Commercial Security Market Analysis
The Middle-Eastern Commercial Security Market is expected to register a CAGR of approximately 13.8% during the forecast period (2022-2027). The demand of commercial security in the Middle East is increasing as the countries such as Saudi Arabia and UAE are rapidly upgrading infrastructure and securing their countries.
The commercial security adoption in the Middle East is being driven by increasing infrastructure investment, the growing risk of suspected threat activities, government regulatory mandates, and severe implementations.
The need for commercial security has increased with the rise in tourism activities and the growth of businesses in the GCC. Also, the regulatory bodies have made compulsion of security surveillance cameras in every area with sufficient video storage capacity.
The realization of the impact of security on the overall productivity of the organizations and end-users and the commitment of regional governments to protecting critical assets and people have been creating the demand for commercial security in the region.
Furthermore, increasing awareness among several sectors about security, increasing adoption of new technological solutions, and availability of devices at a low price are further adding demand in the market studied in the region.
The COVID-19 pandemic has slowed the demand for security systems due to supply chain disruption and delayed and canceled commercial projects in several countries such as Saudi Arabia and the UAE. The large investments underway in the sectors, including urban developments, power sectors, and transport, are expected to propel the demand for commercial security equipment in the forecast period.
