Dubai - Mubasher: Middle Eastern countries will continue to remain significant markets for the latest homeland security and policing equipment and solutions, according to a recent report by Intersec.
This comes as the region’s governments prioritise the maintenance of a safe and secure society.
The Middle East homeland security market is expected to more than double in five years, growing from $9.6 billion in 2017 to $19.7 billion by 2022, according to research by analysts Frost and Sullivan (F&S).
Homeland security market includes monitoring and surveillance systems, restricted entry systems, and perimeter security solutions.
Meanwhile, investments in infrastructure security are set to drive growth in the homeland security market at a compound annual growth rate (CAGR) of 15.5% between 2017 and 2022.
Saudi Arabia continues to be the largest homeland security market, dominating 44.8% of the total market, followed by the UAE with 16.6%.
The report also noted that growth in the UAE and Qatar are expected to be even quicker, given the increased expenditure on enhanced security systems for events such as the Dubai Expo 2020 and the FIFA World Cup 2022.
