21st edi­tion of In­ter­sec to open in Dubai

The Gulf Today - Business - - UAE -

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.

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