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FINANCIAL NEWS
Mideast market for security to grow by 2020
04 Oct 2016
(MENAFN) The Middle East market for security, safety and fire protection will double digit growth by 2020, as local governments look for improved techs to protect assets.Accordingly, the market which includes intruder alarms, CCTV surveillance, elect locks, perimeter protection and others is predicted to worth USD10.2bn by 2020.Moreover, the region’s homeland security market will grow annually by 21 percent up to the cited year, with market revenues growing to USD34.2bn.In addition, fire protection also has huge growth potential, with the Middle East’s fire safety market estimated to grow by 12.5 percent from 2012 to 2020.
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