Security - Qatar
Qatar- The Security market in Qatar is expected to witness significant growth in the coming years.
- According to projections, the revenue in this segment is estimated to reach US$29.0m QAR by 2024.
- This demonstrates the increasing demand for security services and solutions in the country.
- Furthermore, the market is anticipated to experience a robust compound annual growth rate (CAGR) of 17.00% from 2024 to 2028.
- This growth trajectory is expected to drive the market volume to reach US$54.4m QAR by 2028.
- These numbers indicate a promising outlook for the Security market in Qatar.
- In line with the expanding market, the number of active households in the Security market is predicted to rise to 135.9k users by 2028.
- This signifies a growing adoption of security systems and services among households in Qatar.
- Moreover, household penetration, which currently stands at 10.8% in 2024, is projected to increase to 17.5% by 2028.
- This indicates that a larger proportion of households in Qatar will be equipped with security solutions to ensure their safety and protection.
- In terms of revenue per installed Smart_Home, the average is expected to be US$384.40 QAR.
- This figure represents the revenue generated per Smart_Home installation in the country.
- When comparing Qatar's Security market revenue to other countries globally, it is noteworthy that United States leads the pack.
- In 2024, [globalrevenue_currentlayer_yeartoday_maxcountrynameprep] is projected to generate a significant revenue of US$6.9bn QAR in the Security market.
- This highlights the dominance of the United States in the global security market.
- Overall, the Security market in Qatar is set to experience substantial growth, driven by increasing demand, rising household adoption, and technological advancements.
- These trends indicate a promising future for the security industry in Qatar.
- Qatar's security market is thriving, with increasing demand for advanced surveillance systems and cybersecurity solutions.
- Key regions:
- Asia,
- Japan,
- United Kingdom,
- Norway,
- Europe
The Smart Home market Security includes the sale of devices and services for networked access control and management for buildings and premises. This includes surveillance products (e.g. security cameras and related data storage and transmission services, motion sensors, programmable and remote control door locks) as well as equipment for risk monitoring (connected smoke detectors and humidity sensors).
Remote surveillance and emergency services from specialized security firms which are not related to smart home are not included.
In-Scope
- Digitally connected and controlled devices for burglar prevention and other security issues
- Motion sensors, door locks, security cameras (with or without face recognition)
- Surveillance services with connection to a broader smart home
- Hazard prevention devices like water, smoke or gas sensors
Out-Of-Scope
- Classical security devices without smart home connection
- B2B/C2C sales of any kind (e.g. to hotels or office buildings)
