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Qatar Electronic Security Market Outlook to 2021 - Video Surveillance Systems and Fire Alarm System to Drive Market Growth

LONDON, July 17, 2017 /PRNewswire/ -- Executive Summary

The report titled "Qatar Electronic Security Market Outlook to 2021 - Video Surveillance Systems and Fire Alarm System to Drive Market Growth" provides a comprehensive analysis of electronic security market in Qatar. The report focuses on overall market size for sale of electronic security equipments in Qatar and Middle East region, Qatar electronics security market segmentation on the basis of type of product (CCTV, intrusion alarm, access control, fire alarm and others), sub-segmentation on the basis of technology and by sector of application. The report also covers market share of major players, role of consultants and system integrators, decision making matrix, trends and developments. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

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Electronic security market in Qatar is still in developing stage. In 2016 it was estimated at USD ~ million. Majority of the demand was mainly driven by oil and gas industry and related activities which dominates the Qatar economy. CCTV and access control systems were the two major segments that dominated the market. Honeywell for access control was among the major player operating in Qatar access control market in 2016. Fire alarms were the third most installed electronic security devices in Qatar market on the basis of revenue. Axis, Pelco, Hikvision, Simplex, Bosch were some key players in Qatar Market.

Video surveillance was the key electronic security equipment in Qatar market. It had ~% market share on the basis of revenue in 2016. IP cameras dominated the market with the market share of ~% in total revenue generation. Axis (~%), Hikivision (~%) were the two leading players in video surveillance market.

Access control system had gained increased demand from rising office space demand and continuously evolving hospitality industry. Fire alarms were the third most installed electronic security devices in Qatar market (~%) on the basis of revenue. Honeywell, Siemens and Simplex were the top three players on the basis of revenue in 2016. Demand for intrusion alarm systems was very low in 2016 accounting for only ~% of the revenue. They were primarily used by museum and government institutions, and financial institutions. Infrared beam sensors were in maximum demand.

In 2016, CCTV market was dominated by Axis communications with ~% market share. Hikvision (~%), Pelco (~%), Avigilon (~%) were some other companies with substantial market share. Around ~% of the market was dominated by players who have very small market share. In access control devices segment, Honeywell and Bosch controlled two-third of the market (~%). Intrusion alarm devices market was dominated by Bosch with ~% market share. Honeywell (~%), Simplex (~%), and Siemens (~%) contributed ~ of the revenue in fire alarm segment in 2016.

Project related surveillance investment in Qatar will lead the market. This increased investment will lead to significant expansion and growth in businesses that are directly and indirectly involved in the security and surveillance market in Qatar. Qatar Tourism Authority has allocated USD 64.0 Billion (QR 236 billion) to fund a massive tourism program to implement, organize and enhance safety at the 2022 World Cup. This and other developments in real estate and infrastructure developments are expected to create additional demand for electronic security devices. New and improving regulation to improve civil defense and response to disaster will further accentuate the demand for electronic surveillance. It is estimated that market will register a five year CAGR of ~% during 2016-2021 leading to revenue generation of USD ~ million in 2021.

Key Topics Covered in the Report
• Value chain analysis
• Role of consultants and system integrators
• Decision making matrix
Qatar electronic security market size by revenue, 2011-2016
• Qatar Electronic Security Market segmentation by type of product and sub-segmentation by technology and by application
• Rules and regulations in Qatar Electronic Security Market
• Major Trends and developments
Qatar electronic security market future outlook
• Analyst Recommendation
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