IMS Research publishes the second edition of the report “The Market for CCTV and Video Surveillance Equipment in the Middle Eastâ€. The 2012 version of the report predicts that the strong growth in the Saudi Arabian market will exceed the UAE market and become the second largest market in the region after Turkey.
Saudi Arabia has traditionally set a conservative annual oil production forecast, saving a lot of surplus funds. However, in order to deal with the riots in the Arab world in 2011, significant expenditures were incurred. Therefore, Saudi Arabia’s surplus funds in 2012 are expected to be significantly reduced. The transition from analog video surveillance systems to network video surveillance systems has now begun to slow. The network video surveillance equipment market in Saudi Arabia will grow at a rate of 25% per year between 2011 and 2016, while the UAE market is expected to grow at a rate of around 15% per year.
Saudi Arabia has traditionally set a conservative annual oil production forecast, saving a lot of surplus funds. However, in order to deal with the riots in the Arab world in 2011, significant expenditures were incurred. Therefore, Saudi Arabia’s surplus funds in 2012 are expected to be significantly reduced. The transition from analog video surveillance systems to network video surveillance systems has now begun to slow. The network video surveillance equipment market in Saudi Arabia will grow at a rate of 25% per year between 2011 and 2016, while the UAE market is expected to grow at a rate of around 15% per year.
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