Middle East physical security market to surge by 36 per cent in 2016
The physical security market in the Middle East region is expected to grow by 36 per cent and reach $5.2 billion in 2016, according to experts.
Leading consultancy and market research firm Frost & Sullivan estimates the regional demand for physical security equipment will increase to $5.2bn this year compared with $3.8bn in 2015.
In 2020, it is expected to hit $10.2bn to represent ten per cent of the global market.
Frost & Sullivan released the new figures ahead of a major trade fair for security, safety and fire protection set to take place in Dubai’s International Convention and Exhibition Centre.
The three-day fair, Intersec 2016, will begin on January 17 and will see the participation of1,290 exhibitors from 55 countries.
The organiser of the security solutions exhibition, Messe Frankfurt Middle East, expects that more than 28,000 trade buyers from 118 countries will visit the event.
The 18th edition of Intersec will feature a Smart Home section in line with the Dubai government’s vision to transform itself into the Smartest city in the world.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and the ruler of Dubai, recently issued a decree to establish the Dubai Smart City Office, a new government body facilitating the city’s transition to a Smart city.
“We’ve introduced a new Smart Home section at Intersec 2016 as a starting point to showcase technologies that support Smarter, safer and more energy-efficient buildings in Dubai, the UAE and the wider Middle East,” says Ahmed Pauwels, CEO of Messe Frankfurt Middle East.
The exhibition will also have participants from six other core sections, such as physical and perimeter security commercial security; fire and rescue; safety and health; homeland security and policing; and information security.