is expected to grow at a CAGR of 6% during 2028, according to MarkNtel Advisors' latest market research report. The expansion of the market is driven by growing security concerns among customers, a boom in the construction sector and rising IT spending.
In addition, the mandatory installation of CCTV in countries such as Saudi Arabia and the UAE, rising crime rates, increased foreign direct investment and government spending, and the growth of tourism are some of the factors driving the growth of the market in 2023-2028.
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