Turkey’s Video Surveillance Market Citing Increased Adoption of IP/ Network Video

Surveillance Systems over Analog Video Surveillance Systems – 6Wresearch

Over the last four years, Turkey exhibited augmented growth in construction market with the

effect from increased foreign investments, resulting into rise in various public and private

infrastructures. The rise of these infrastructures have surged security concerns throughout

Turkey, which created the demand for various security systems such as video surveillance

systems. Amongst all Middle-Eastern countries, Turkey accounted for largest market share in

both revenue as well as volume terms and is one of the leading countries to adopt IP technology

based video surveillance systems.

According to 6Wresearch, Turkey’s video surveillance market is forecast to record nearly

$759 million by 2021. Turkey posted an increase in construction activities from last year and

recorded 5% year-over-year growth in construction market. During this period, Turkey also

reported an increase in terrorist activities and other security threats, causing an escalation in

deployment of video surveillance systems.

According to “Prijo Samuel, Senior Research Analyst, Research and Consulting,

6Wresearch,” Shift from analog to IP video surveillance systems – a key trend being exhibited

in Turkey’s video surveillance market; further crafting substantial market opportunity in Small

Medium Enterprises (SMEs).

“In addition to growing trend of IP technology based video surveillance systems, Turkey is also

witnessing increasing penetration of Pan-Tilt-Zoom (PTZ) HD surveillance cameras and are

increasingly being deployed at major public and more secured areas.” Samuel further added.

According to Akash Shukla, Research Associate, Research and Consulting, 6Wresearch,

Video Management and Video Analytics Software would cite growth due to upcoming smart city

projects in Elazig, Aradhan, Kirsehir and Istanbul.

Further, despite weakening demand for analog video surveillance systems, hybrid digital video

recorders (HDVR) are getting deployed in SME along with analog cameras to utilize IP

surveillance systems features.” Akash concluded.

The major companies in Turkey’s video surveillance market include- Axis Communications,

Bosch Security Systems, Honeywell, LG, Mobotix, Panasonic, Pelco by Schneider Electric, S2

Security, Samsung Techwin, and Sony.

“Turkey’s Video Surveillance Market (2015-2021)” provides in-depth analysis with 81

figures and 28 tables covered in more than 130 pages. The report estimates and forecast

overall Turkey’s video surveillance market by revenue, by types & components of video

surveillance systems and verticals such as banking & financial, government & transportation,

commercial offices, retail & logistics, industrial & manufacturing, residential, hospitality &

healthcare and educational institutions. The report also gives the insights on competitive

landscape, market share by companies, companies benchmarking, company profiles, market

drivers and restraints.