21st edition of Intersec to open in Dubai
DUBAI: With Intersec 2019, the world’s largest trade and networking event for safety, security and ire protection around the corner, one of the key focal points of the 3-day mega event continues to be Commercial Security - which will form the largest section when doors open in Dubai.
More than 500 exhibitors from across the world have already con-f irmed their presence at Intersec 2019, including 2/3rds of the world’s Top 50 security providers, as global security brands continue to make a beeline for the mega safety and security event, to tap into and harness the enormous growth potential of the wider regional market.
Recent market igures released by Knowledge Partner 6W Research estimates that the Middle East market for Commercial Security will reach $7.4 billion by 2024, achieving a sustained CAGR of 16.6 per cent. The research indicated that demand for Ip-based video surveillance systems, access control and intrusion detectors would continue to drive the market, which is fuelled by increased government spending on infrastructure projects and the imposition of stringent regulatory policies, creating increased opportunities for global security brands.
Upcoming mega events in the region, such as the Expo 2020 in Dubai and the expected influx of millions of additional visitors are also expected to create demand for the latest in video surveillance systems and intelligent monitoring apparatus.
Access control systems continue to remain in high demand in the Middle East, registering a market revenue of $300 million in 2017. Increasing awareness of security threats and a growth in IT spending will keep the market driving ahead. Meanwhile the demand for biometric access controlled systems has surged across the Middle East with the growing adaption of ingerprint and eye scanners across the region. The largest share of deployment of such systems in the region remains in the commercial sector.
According to 6W Research, the market for intelligent video analytic software and systems is also on the rise across the entire region and are expected to create huge growth opportunities for manufacturers, vendors and distributors.
More than 500 exhibitors from around the world have confirmed their participation.