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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