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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