Middle East & Africa Security Market Size & Outlook
Middle East & Africa security market, 2017-2030 (US$M)
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MEA security market highlights
- The MEA security market generated a revenue of USD 7,621.2 million in 2023.
- The market is expected to grow at a CAGR of 9.3% from 2024 to 2030.
- In terms of segment, system was the largest revenue generating component in 2023.
- Service is the most lucrative component segment registering the fastest growth during the forecast period.
MEA data book summary
| Market revenue in 2023 | USD 7,621.2 million |
| Market revenue in 2030 | USD 14,165.7 million |
| Growth rate | 9.3% (CAGR from 2023 to 2030) |
| Largest segment | System |
| Fastest growing segment | Service |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | System, Service |
Other key industry trends
- In terms of revenue, MEA region accounted for 5.8% of the global security market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,030.8 million by 2030.
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Security Market Scope
Security Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa security market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to security market will help companies and investors design strategic landscapes.
System was the largest segment with a revenue share of 83.28% in 2023. Horizon Databook has segmented the Middle East & Africa security market based on system, service covering the revenue growth of each sub-segment from 2017 to 2030.
Access control systems in the Middle East and Africa (MEA) are critical in enhancing security and controlling access to physical spaces. These systems allow organizations to manage and monitor access to buildings, offices, data centers, and other sensitive areas.
Moreover, access control systems in the MEA region are integrated with other security systems, such as video surveillance, intrusion detection, and intercom systems.
The infrastructural developments in the Middle Eastern region have led to the large-scale adoption of various hi-tech security systems that are easy to operate. The growing trend of using video surveillance systems at public sites and airports in Dubai and Johannesburg is expected to drive the security market over the forecast period.
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Our clientele includes a mix of security market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa security market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa security market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Middle East & Africa security market
Middle East & Africa Security Market Outlook Share, 2023 & 2030 (US$M)
Middle East & Africa security market
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