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Mideast market for security, fire safety to see major growth

DUBAI, September 29, 2016

The Middle East market for security, safety, and fire protection is on track for double digit growth over the next four years, as regional governments and the private sector look for improved technologies to better protect assets, people, businesses, and borders.  

Led by Saudi Arabia and the UAE, regional countries are making rapid strides to upgrade infrastructure and secure their countries. Research from analysts Frost & Sullivan highlights the tremendous potential that remains to be unlocked in the region, said a statement.

An industry white paper published by Frost & Sullivan outlined the latest trends and opportunities in the market, with spending in Middle East commercial, cyber, and homeland security, along with fire protection, and smart home building automation on a steep upward growth curve.  

According to Frost & Sullivan, the Middle East commercial security market, which includes intruder alarms, CCTV surveillance, electronic locks, perimeter protection, door alarms, access control and identification systems, is expected to be worth $10.2 billion by 2020, growing annually by 24 per cent from its $3.8 billion value in 2015.  

Similarly, the region’s homeland security market is forecast to grow annually by 21 per cent up to 2020, with market revenues increasing to US$34.2 billion, driven predominantly by investments in critical infrastructure, major events, and the need to counter perceived threats.

Fire protection also has huge growth potential, with the Middle East’s fire safety market estimated to grow annually by 12.5 per cent from 2012 to 2020. During this period, the market will grow from $1.6 billion to $4.2 billion, making it one of the world’s largest fire safety markets.

The latest figures come in the final countdown to Intersec 2017, the world’s leading trade fair for security, safety, and fire protection, which is scheduled to be ten per cent larger year-on-year when it opens from January 22 to 24, at the Dubai International Convention and Exhibition Centre, in Dubai, UAE.

The 19th edition of the annual three-day event will feature more than 1,300 exhibitors from 52 countries, while over 31,000 visitors from 128 countries are expected to attend as they seek the latest solutions across seven show sections of commercial security, fire and rescue, safety and health, homeland security and policing, perimeter and physical security, information security, and smart home and building automation.

Intersec 2017 is being held under the patronage of Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, and officially supported by Dubai Police, the Dubai Civil Defence, and Dubai Police Academy.

Ahmed Pauwels, CEO of Messe Frankfurt Middle East, the organiser of Intersec, said: “Middle East organisations and end-users realise the impact of security and fire safety on their overall productivity and bottom lines, while regional governments have always been committed to protecting critical assets and people in the face of perceived threats along with social and commercial interests.

“In this respect, the region has carved out a niche for itself in the global security, safety, and fire protection industries and Intersec, as the leading global trade platform with a pronounced regional focus, remains the natural vehicle for international manufacturers to showcase their wares to regional buyers,” he said.

“The coming edition will be even wider in scope and reach and will provide trade visitors a comprehensive look at what’s available to suit their varied needs, whether that be for governments and authorities, or for private sector end-users in aviation, oil & gas, construction, finance, hospitality, logistics, retail or healthcare,” he added. – TradeArabia News Service




Tags: | Security | growth | Mideast | Fire Safety |

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