CCTV Market in Qatar to Grow at 14% Until 2021: TechSci Research Report

21 Jun, 2016, 12:30 ET from TechSci Research

NEW YORK, June 21, 2016 /PRNewswire/ --

Rising government spending coupled with growing construction activities and expansion of retail malls and hotel chains to drive sales of CCTV in Qatar 

According to TechSci Research report, "Qatar CCTV Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021", the CCTV market in Qatar is projected to register a CAGR of more than 14% during 2016-21. Ongoing construction activities in hospitality, retail, healthcare, metro projects, luxury housing projects are fueling the country's CCTV market. The country is slated to host FIFA World Cup in 2022, and consequently, the construction activity for setting up of 11 temperature controlled stadiums is expected to be completed by 2021, which is expected to boost demand for CCTVs in the country over the next five years.

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Upcoming Stadiums in Qatar - Name, Location and Seating Capacity 


   
                                                          Planned Seating
      Name of Upcoming Stadium          Location              Capacity
       Khalifa International
              Stadium                     Doha                 60,000
         Al Rayyan Stadium             Al Rayyan               40,000
      Qatar-Foundation Stadium            Doha                 40,000
         Al-Wakrah Stadium             Al-Wakrah               45,000
      Al Bayt Al Khor Stadium           Al Khor                60,000
       Lusail Iconic Stadium     Lusail City, Al-Rayyan        86,000
         Al Shamal Stadium         Madinat Ash Shamal          45,000
         Doha Port Stadium                Doha                 45,000
      Qatar University Stadium            Doha                 43,000
         Al Gharafa Stadium            Al-Rayyan               45,000
        Sports City Stadium               Doha                 45,000
         Umm Salal Stadium             Umm Salal               45,000

Source: Various News Articles 

The country's hospitality and tourism industry is expected to witness robust growth due to the major sporting event. Thus, leading luxury hotel chains in Qatar are planning capacity expansions. In order to meet FIFA guidelines, the country has planned to add more than 30,000 hotel rooms during 2016 - 2021. Consequently, demand for CCTV is anticipated to rise from hotel industry in Qatar through 2021.

Existing and Planned Hotel Rooms in Qatar, 2015-21 


   
                        Total Number of Existing Total Number of Planned
                                 Rooms                    Rooms
         Al Dayyan                 0                      12,000
          Al-Khor                  0                      1,000
         Al-Rayyan               1,000                    3,000
         Al-Shamal                 0                       530
         Al-Wakrah               27,000                   13,000
           Doha                  17,000                   20,000
         Umm Slal                  0                      6,000

Source: FIFA 2022 Bid Evaluation Report, 2010 

Doha and Al-Wakrah are expected to witness majority capacity additions as both of these provinces will house six out of 11 stadiums in Qatar. Moreover, anticipated expansion of retail spaces in the country is also expected boost demand for CCTVs in Qatar in the coming years. Central and South West region of Qatar, which includes provinces of Doha, Al Rayyan, Al Daayen, and Umm Salal, accounted for the largest market share in Qatar CCTV market in 2015, and the same trend is expected to continue during the forecast period as well. Presence of world class healthcare institutes, industrial units, government and public enterprises, etc. position Central and South West Qatar as the major demand generator in the country's CCTV market. Major players operating in the Qatar CCTV market include Pelco, Hikvision Digital Technology, Axis Communications AB, Dahua Technology Middle East FZE, and Honeywell. All the leading companies involved in offering electronic security products in Qatar are operating through respective dealer and distributor networks.

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In 2012, Government of Qatar issued guidelines on the usage of IP cameras in all the projects that require government clearance. These guidelines are applicable to security control rooms, banks, exchange banks, exchange shops, and gold selling shops; clubs, sports, and cultural sites; warehouses and private stores of hazardous materials and precious items; hospitals, and clinics; hotels, hotel apartments and residential complexes; and shopping and entertainment centers. This is expected to significantly increase IP CCTV adoption in the coming years in Qatar, with analog CCTV usable being restricted to residential sector. "With the new guidelines in place, Qatar CCTV market is undergoing a transition from traditional analog CCTVs to IP CCTVs. Sales of IP CCTV is expected to grow at an exponential pace, after Government of Qatar made it mandatory for major end users to install IP CCTV, so as to ensure high level of monitoring to mitigate any infiltration attempt", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

 "Qatar CCTV Market By Type, By Application, Market Forecast and Opportunities, 2021" has evaluated the future growth potential of Qatar CCTV market and provides statistics and information on market size, consumer behaviour and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in Qatar CCTV market.

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