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
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