Middle East And Africa Surveillance IP Cameras Market Size

Middle East And Africa Surveillance IP Cameras Market Analysis

The Middle East And Africa Surveillance IP Cameras Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 2.13 billion by 2029, growing at a CAGR of 13.06% during the forecast period (2024-2029).

An IP camera, or Internet Protocol camera, is a digital video camera that exchanges data over an IP network. Unlike conventional CCTV cameras operating on closed-circuit systems, IP cameras require a local network connection. While their primary application is surveillance, they are also called netcams or webcams, as they can be accessed directly over a network. Typically, these cameras are linked via wired Ethernet, WiFi, or HDBaseT connections, and they are frequently deployed in demanding outdoor settings, emphasizing the need for energy efficiency.

• Key drivers propelling the Middle East and Africa video surveillance market include governmental mandates necessitating video surveillance installations in public and private locales. Moreover, a surge in construction, spanning hotels, entertainment hubs, and shopping centers, alongside a notable uptick in foreign direct investments (FDI), is poised to foster the market's expansion in the region.

• The economic growth in the Middle East, notably in countries like the United Arab Emirates, Saudi Arabia, Qatar, and Oman, has catalyzed a surge in business ventures. This growth is largely attributed to these nations' strategic shift toward economic diversification, aiming to lessen their reliance on oil and gas revenues. A case in point is Dubai, which, over the past few decades, has evolved into a prominent IT investment hub and a focal point for numerous business events. Consequently, the demand for security and surveillance has seen a substantial uptick.

• In recent years, government bodies and organizations have actively promoted the benefits of surveillance cameras, fostering a conducive environment for the market's growth. For example, the Ministry of Interior's Public Relations Department of Qatar, collaborating with the Security Systems Department from the General Directorate of Information Systems, has been conducting awareness programs. These programs emphasize the significance of security surveillance cameras and systems in bolstering safety and security.

• In the African region, a higher crime rate is forcing the government to look for advanced solutions and surveillance technologies to ensure public safety and control the rising crime rates. In recent years, governments across various countries, such as South Africa, Egypt, and Nigeria, have witnessed initiatives to increase their expenditure on surveillance technologies, which is also supporting the growth of the IP cameras market in the region.

• However, the higher cost of IP cameras compared to analog surveillance cameras continues to remain a major challenging factor for the market's growth in the region. Furthermore, the growing concern about the cybersecurity aspect of surveillance cameras is also anticipated to challenge the market's growth during the forecast period.