The Middle East market will continue to recover in 2014. The United States has recently eased its economic sanctions against Iran, and the Iranian market is on the verge of growth. Other markets such as Iraq and Oman have benefited from their abundant oil and gas reserves. The Middle East market will continue to attract the attention of multinational suppliers in the coming years.
The UAE is the financial center of the entire Middle East. Due to the hosting of the Dubai World Expo 2020, Dubai, the financial center of the UAE, will become an economic center in the future. The vertical industries in the UAE security market have developed rapidly. The government has formulated strict regulations for companies to follow. Compared with other countries, UAE’s business areas such as hotels, retail, education, and banking provide its larger market. Mr. Hayashi said: “Government regulations require all industries to specify safety measures, including instructions for use of safety equipment at specific locations, such as Dubai, Abu Dhabi and Qatar.†Overall, HD and megapixel cameras and 180 Sky video storage has become the market standard for video surveillance. Balaa Al Akkad, sales manager for Axis Middle East Region, said: "As a result of government supervision, the application of UAE network video surveillance has already reached a very high standard."
“The latest regulations of the Abu Dhabi government stipulate that the megapixel surveillance camera should cover all private/public schools. This order will be supervised by the Abu Dhabi Education Council. This provision is also expected to cover other regions of the UAE and even Qatar. The government stipulates that cameras be installed on campus such as sports fields, corridors, classrooms, and other places, while staff offices and laboratories have to install access control systems. “In addition, Ali Boussi, BASS/Samsung regional sales manager, added: The school bus should be equipped with mobile DVRs, vandal-proof cameras and GPS navigation. Samsung's solution meets the requirements of the Abu Dhabi Education Council mentioned above in terms of megapixels, 120dB/130dB advanced wide dynamics, video analytics, 180-day video storage, and failover, while being able to integrate with the access control system through the same platform. â€
Compared with the UAE and Saudi Arabia, Oman, Bahrain, Iraq, Iran, Pakistan, Lebanon and Jordan and other emerging market countries are the goals of suppliers in the Middle East. The most important reason for this is the booming oil and gas industry in these countries. Gharbiah said: “We have a lot of infrastructure projects in Oman, such as oil and gas, airports or other transportation projects; government approval procedures can be issued very quickly. Over the past few years, Oman has barely guarded infrastructure, and the government is currently speeding up infrastructure. Construction. Iraq has the largest oil and gas industry. Our company recently undertook an important refinery project and adopted 156 thermal imaging cameras. The 600-kilometer-long Iraqi oil pipeline project the company is currently carrying will also be the same."
It is inferred that as the United States relaxes economic sanctions, the Iranian economy will recover in 2014 or 2015. Hayashi said: "The U.S. economic sanctions against Iran have cut off all U.S.-related technology imports and all electronic equipment has been affected. But the new Iranian government has brought hope to the people. Iran has nearly 90 million people and the world's top five oil. Natural gas reserves, we can optimistically look forward to the future development of Iran." In addition, Vineo Systems Managing Director Stefano E Cini added: "The IP-based video surveillance solutions have been established in these countries such as Iran, system integrators and eventually Users have an understanding of IT and IP technologies, which lays a good foundation for the development of the IP-based video surveillance market."
"VIVOTEK has a good market share in the Middle East market, especially Iran's banking application market. Although our current business has received a greater impact, I believe that starting this year, the new Iranian government and the gradual relaxation of the economy The sanctions will allow Iran to get better development," said Chen Wanli, a manager of International Sales of Jing Rui Communications.
The Middle East market has many business opportunities. We can predict that due to the holding of global sports events, the market will exponentially increase in the next seven years. However, civil strife in Syria and Egypt, as well as the economic impact of the United States and the European Union, the economic development of the region is still difficult to determine.
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