South Africa Video Surveillance Market Overview
South Africa Video Surveillance Market report thoroughly covers the market by components and applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities, high-growth areas, and market drivers which would help the stakeholders device and align their market strategies according to the current and future market dynamics.
South Africa video surveillance market has been growing for the past few years owing to the rising crime rate, development of infrastructure in megacities, rising construction activities, and an increasing tourism sector. The market, however, witnessed a decline in 2020 led by Covid-19 and the lockdown imposed by the government which led to a halting in economic activities, closed commercial places, and education institutions, and adversely affected the hospitality sector.
According to 6Wresearch, South Africa video surveillance market size grew at a CAGR of 4.6% during 2022-2028. Development plans such as National Transport Master Plan (NATMAP) 2050 and National Development Plan 2030 along with recovering construction industry would spur the demand for video surveillance systems over the coming years. Further, infrastructure development, such as hotels, stadiums, offices, and recreational facilities along with strengthening of public sector services such as education, recreation, tourism, and health would open up new avenues for the application of video surveillance solutions in the country in the coming years.
Key Highlights of the Report:-
- South Africa Video Surveillance Market Overview
- South Africa Video Surveillance Market Outlook
- South Africa Video Surveillance Market Forecast
- South Africa Video Surveillance Market Trends
- Industry Life Cycle
- Porter’s Five Force Analysis
- Market Opportunity Assessment
- South Africa Video Surveillance Market Revenue Share/Ranking, By Companies
- COVID-19 impact on Video Surveillance Market
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
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