KUWAIT – The Middle Eastern surveillance market will be driven by strong demand for video surveillance equipment in the larger regional markets, IMS Research said in its latest edition of the "Middle East Market for CCTV and Video Surveillance Equipment". In Saudi Arabia, large infrastructure projects in hospitals, schools, and airports will drive network video surveillance penetration. Large banking projects have also been confirmed in Kuwait for 2012 and 2013, while the construction industry in the UAE is expected to see improvements towards 2015 and 2016, IMS said. While the Middle East is not the first region to tip in favor of network video surveillance, it is one of the first outside of Western Europe and North America to do so, it added. IMS estimates that the tipping point when network video surveillance sales overtake analog video surveillance sales has already occurred in the Middle East. The company said the network video surveillance equipment accounted for 53 percent of video surveillance equipment in 2011. Turkey, the largest market in the Middle East, is still mainly serviced by analog equipment. However, due to a number of infrastructure and transportation projects, the penetration of network video in Turkey will increase significantly toward 2016. Market analyst and report author Oliver Philippou said "with less impact from the 2008 economic slowdown than expected due to the conservative nature of the Islamic banking system and an increase in global oil demands, many regions of the Middle East have continued to see massive infrastructure projects. This has led to an acceleration in the transition from analogue to network video surveillance technologies." Philippou added: "With some countries, including Turkey, still predominantly installing analogue equipment, this transition is just getting started. Network video surveillance equipment is forecast to account for 79 percent of network and analogue video surveillance equipment sales in the Middle East by 2016." – SG/Agencies
