Dubai, UAE: 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 the Gulf nations of Saudi Arabia and the UAE, regional countries are making rapid strides to upgrade infrastructure and secure their countries, with research from analysts Frost & Sullivan (F&S) highlighting the tremendous potential that remains to be unlocked in the region.
An industry white paper published by F&S 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 F&S, 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 US$10.2 billion by 2020, growing annually by 24 per cent from its US$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 US$1.6 billion to US$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 22-24 January at the Dubai International Convention and Exhibition Centre.
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 & Rescue, Safety & Health, Homeland Security & Policing, Perimeter & Physical Security, Information Security, and Smart Home & Building Automation.
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 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.
A Techtextil Pavilion in the Safety & Health section will also present the entire spectrum of technical textiles and nonwovens for professional and protective clothing, as well as the latest laminating technologies for coating, printing, finishing and other products and services.
A GPEC (General Police Equipment Exhibition & Conference) Pavilion at the Homeland Security & Policing section; a Job Pavilion, bringing thousands of professionals together with specialist security-related recruitment companies; and three industry conferences held in cooperation with the Dubai Police and Dubai Civil Defence wrap up the host of additional features.
Intersec 2017 is held under the patronage of His Highness Sheikh Mansoor bin Mohammed bin Rashid Al Maktoum, and officially supported by Dubai Police, the Dubai Civil Defence, and Dubai Police Academy. More information is available at: www.intersecexpo.com.