Report: Bahrain Video Surveillance Market Records Positive Demand, Expected to Grow 8% Annually

2018-04-17 - 6:58 م

Bahrain Mirror: A new report said that Bahrain is continuously registering positive demand for physical security systems from all major verticals, predominantly government and transportation, retail and BFSI; wherein, video surveillance segment recorded majority of deployment

The report considered that Bahrain has witnessed significant penetration of video surveillance systems and nearing maturity stage, however, owing to transition from analog, the IP video surveillance systems recorded healthy growth in 2017.

The report saw that several verticals predominantly, retail, education, and commercial offices have started to exhibit major shift towards IP video surveillance systems. Expansion of hyper and super markets would compliment the overall growth of retail's video surveillance vertical market, whereas, education vertical would witness major boost in demand for IP video surveillance systems, driven by parents concern towards stringent safety & security. Apart from this, the hospitality and healthcare verticals are also expected to record key growth in demand for IP video surveillance systems.

Northern region acquired major revenue share in the overall Bahrain video surveillance market, this was primarily due to numerous commercial and government projects in the region, the report revealed.

Additionally, in terms of market players, Axis Communications, Bosch, Avigilon, and Hikvision captured key share in the Bahrain video surveillance market.

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