April 2017 Saudi Arabia Electronic Security Market Outlook to 2021
Executive Summary
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 ), subsegmentation 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
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