Intersec 2017 Sets Stage With Positive Sector Growth Forecast
Intersec 2017, the Dubai trade show focused on the security, safety and fire protection markets in the Middle East, is setting the stage for visitors by highlighting forecasted double digit growth over the next four years for the region's industry.
Citing research from analysts Frost & Sullivan, Intersec 2017 organisers point to the region's potential growth, led by Saudi Arabia and the UAE, as regional governments and the private sector look to improve technologies to better protect assets, people, businesses, and borders — with opportunities fueled by spending in Middle East commercial, cyber, and homeland security, along with fire protection, and smart home building automation on "a steep upward growth curve."
Intersec organisers references F&S's report to highlight the Middle East commercial security market growth — which includes intruder alarms, CCTV surveillance, electronic locks, perimeter protection, door alarms, access control and identification systems — expected to be worth US$10.2 billion by 2020, growing annually by 24 percent from its US$3.8 billion value in 2015.
Similarly, the region’s homeland security market is forecast to grow annually by 21 per cent up to 2020, with market revenues increasing to US$34.2 billion, driven predominantly by investments in critical infrastructure, major events, and the need to counter perceived threats.
Fire protection also has huge growth potential, with the Middle East’s fire safety market estimated to grow annually by 12.5 per cent from 2012 to 2020. During this period, the market will grow from US$1.6 billion to US$4.2 billion, making it one of the world’s largest fire safety markets.
Intersec 2017, which is scheduled to be 10 percent larger year-on-year when it opens from 22-24 January at the Dubai International Convention and Exhibition Centre, will feature a new section dedicated to smart home and building automation, spurred on by what organisers call "urbanisation and a new age of ICT (Information and communications technology) [that aid] the march toward smarter integration of different functions like electro-mechanical controls, fire and safety security systems, and energy management."
The 19th edition of the annual three-day event will feature more than 1,300 exhibitors from 52 countries, while more than 31,000 visitors from 128 countries are expected to attend.