Saudi Arabia Electronic Security Market Outlook to 2021 – Growth Driven by Video Surveillance Systems and Upgradation to New Technologies-Ken Research


Ken Research latest Report on  Saudi Arabia Electronic Security Market Outlook to 2021 – Growth Driven by Video Surveillance Systems and Upgradation to New Technologies provides a comprehensive analysis of electronic security market in Middle East. The report focuses on overall market size for sale of electronic security equipments in Saudi Arabia and Middle East region, segmentation on the basis of type of product (CCTV, intrusion alarm, access control, fire alarm and others), sub-segmentation on the basis of technology and by sector of application. The report also covers major players, role of consultants and system integrators, decision making matrix, trends and developments. The report concludes with market projection for future and analyst recommendation highlighting the major opportunities and cautions.

Saudi Arabia electronic security devices market increased from USD ~ million in 2011 to USD ~ million in 2016. Jeddah, Riyadh and the adjoining areas was the most important market for electronic security devices in the country due to huge volume of commercial and real estate development. Other factors promoting growth in demand were Hajj, the annual Islamic pilgrimage to Mecca, increased numbers of people spending their time in malls. The Ministry of Interior in Saudi Arabia made it compulsory for all businesses to have surveillance cameras installed in their premises to protect against theft related crimes. Military and security services comprised ~% of the budget expenditure in 2016 which had risen over the years leading to increased demand for electronic security equipments.

Market for video surveillance was the highest in Saudi Arabia as it is mandatory by law that all commercial places must install CCTV cameras in their premises. In case of fire alarms, majority of the demand was from industrial sector and commercial real estate sector. Intrusion alert system was majorly governed by demand from residential sector especially expats and individual house owners. Motion sensors (~ %), infrared beam sensors (~%) and seismic detectors (~%) were major intrusion alert system used in Saudi Arabia during 2016. Pin based access control dominated the market in 2016 with ~% of revenue coming from such equipments. ~% market share was captured by biometric access control system and ~% card based system. Government and transportation sector accounted for more than ~% of total electronic security equipment sold in Saudi Arabia.

Honeywell was the leading electronics security provider in Saudi Arabia generating ~ million with ~% market share in electronic security during 2016. Majority of the revenue comes from large institutional contracts from government agencies and large commercial spaces. Bosch was the second largest player with ~% market share generating revenue of USD ~ million. It has wide network of seven distributors in four major cities. Pelco, Axis, Siemens, Avigilon Corporation, Hikvision Digital Technology Co. Ltd. and Samsung Techwin Co Ltd were some other major companies operating in Saudi Arabia electronic security market.

Over the years, there was significant increase in the number of hotel rooms in Saudi Arabia especially in capital city of Riyadh. Integration of different electronic security devices with other security systems such as video surveillance, access control systems, and fire alarms which can be monitored, controlled and accessed from single location is gradually gaining momentum. Users can perform remote monitoring of integrated security systems through web based devices, enabling them to self-monitor their systems. Mobile video surveillance has been gaining increasing acceptance across various industry verticals and residents especially expats and working professionals.

Government is planning to increase the role of private sector to ~% in economy by 2018 in order to improve efficiency and make its market more open and competitive. Easing restrictions on foreign lenders, private sector involvement in the financing and construction of education infrastructure, security for small and medium businesses, scheduled opening of Riyadh metro in 2019 and Vision 2030 are some key factors that are expected to boost the market for electronic security devices in Saudi Arabia. It is expected that revenue generation will increase to USD ~ million in 2021. It is expected that CCTV will continue its dominance in the electronic security market in Saudi Arabia. Government will continue its dominance as major user of electronic security devices.

Key Topics Covered in the Report.

  • Value chain analysis
  • Role of consultants and system integrators
  • Decision making matrix
  • Saudi Arabia electronic security market size by revenue, 2011-2016
  • Saudi Arabia Electronic Security Market segmentation by type of product and sub-segmentation by technology and by application
  • Market Share of Major players in Saudi Arabia Electronic Security Market
  • Rules and regulations in Saudi Arabia Electronic Security Market
  • Major Trends and developments
  • Future Outlook to Saudi Arabia Electronic Security Market
  • Analyst Recommendation
  • KSA Building Automation Market
  • System Integrators Market Saudi Arabia
  • Fire Alarm System Market Trends
  • Video Surveillance Market Size
  • CCTV Market Growth Saudi Arabia
  • Security Market Growth Saudi Arabia

For MoreCoverage Click On TheLinkBelow:

https://www.kenresearch.com/defense-and-security/security-devices/uae-electronic-security-market/94351-16.html

Related Reports

India Electronic Security Industry Potential to 2020 – Growing System Integrators Market with Real Estate Development in Upcoming Smart Cities

China Electronic Security Market Outlook to 2019 – Public Infrastructure Spending and Innovations to Drive the Future

Malaysia Electronic Security Equipment Industry Outlook to 2018 – Increasing Demand for CCTV Cameras to Spur Growth

Contact Us:
Ken Research
Ankur Gupta, Head Marketing & Communications
Ankur@kenresearch.com
+91-9015378249

https://www.kenresearch.com/blog/2017/04/saudi-arabia-electronic-security-market-outlook-2021-growth-driven-video-surveillance-systems-upgradation-new-technologies-ken-research/

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s