NORTH AFRICA & THE MIDDLE EAST The world’s largest market for air traffic control, radar and airport security equipment.
The world 2nd biggest market for Safety and Security in the world after the US.
The safety and security industry with latest smart technology is booming throughout the Middle East and North Africa as the region deals with increases in terrorism and other security concerns ranging from transaction fraud to private citizen safety.
Countries in this region have had 30-40+% increases in safety and security product imports for the past few years, making them solid markets for this industry. The Middle East alone spent US$4.718bn on e-security services in 2005, a 15.6% increase on the previous year. The region ' s spending is second only to the US, which spent US$6.065bn. According to a report published by International Data Corporation (IDC), it is expected that this figure will reach US$5.620bn in 2006 and US$9.338bn by 2009, with a compound annual growth rate (CAGR) of 18.6%. The Middle East is now the world ' s largest market for air traffic control, radar and airport security equipment and systems with demand outstripping that of Europe and Asia
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