According to Markntel Advisors Report, Saudi Arabia Electronic Security Market is expected to grow at a significant growth rate, and the analysis period is 2023-2028, considering the base year as 2022.Consistent monitoring and evaluating of market dynamics to stay informed and adapt your strategies accordingly. As a market research and consulting firm, we offer market research reports that focus on major parameters including Target Market Identification, Customer Needs and Preferences, Thorough Competitor Analysis, Market Size Market Analysis, and other major factors. At the end, we do provide meaningful insights and actionable recommendations that inform decision-making and strategy development.
Global Saudi Arabia Electronic Security Market Research Report Summary:
The Saudi Arabia Electronic Security Market is expected to grow at around 10.2% CAGR during the forecast period, i.e., 2023-28.
Time Period Captured in the Report:
- Historical Years: 2018-21
- Base Years: 2022
- Forecast Years: 2023-28
Who are the Key Players Operating in the Saudi Arabia Electronic Security Market?
The top companies of the Saudi Arabia Electronic Security Market ruling the industry are:
Axis Communications FZE, Hikvision FZE, Honeywell Security, Dahua Technology Middle East FZE, Sony Gulf FZE Limited, Avigilon Corporation, Pelco by Schneider Electric, Hanwha Techwin, IDIS Middle East, FLIR Systems, Middle East FZE, Others (AEcom Group, VIVOTEK Inc., etc.
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What is Included in Saudi Arabia Electronic Security Market Segmentation?
The Saudi Arabia Electronic Security Market explores the industry by emphasizing the growth parameters and categorizes including geographical segmentation, to offer a comprehensive understanding of the market dynamic. The further bifurcations are as follows:
- By Component
- By Hardware
- Video Surveillance Security System
- Cameras
- Analog Cameras
- IP Cameras
- Thermal Cameras
- LCD LED Monitors
- Storage Devices
- Digital video recorder (DVR)
- Network video recorder (NVR)
- Direct-attached storage devices
- Network-attached storage devices
- Others (Hybrid video recorders, IP storage area network, etc.)
- Others (Networking Equipment, Video Decoders Encoders, etc.)
- Fire Detection Alarming System
- Alarm Panels Intrusion Detectors
- Gas Flame Detectors
- Security Radars
- Others (Emergency Alarms, Bells, Voice Alarm Evacuation System, etc.)
- Access Control Attendance System
- Card Readers
- Electrical Locks
- Biometric Readers (Fingerprint Terminals, Face Recognition Terminals, etc.)
- Others (Controllers, Keypads, etc.)
- Intelligent Systems
- Motion Detection Systems
- People Counters
- Others (Audio Video Alert Systems, License Plate Readers, etc.)
- Others (Anti-Theft Systems, Scanning Inspection Equipment, etc.)
- By Software
- Video Management Software
- Video Surveillance as a Service (VSaaS)
- Data Management Software
- Analytics Software
- By Services
- Training Consulting
- Installation Integration
- Maintenance Support
- By Deployment Mode
- On-premise
- Cloud
- Hybrid
- By End-User
- Commercial
- Residential
- Military Defense
- By Region
- Central
- East
- West
- South
Explore the Complete Saudi Arabia Electronic Security Market Analysis Report – https://www.marknteladvisors.com/research-library/saudi-arabia-electronic-security-market.html
Based on End-User:
- Commercial
- Military Defense
- Residential
Here, the commercial sector is projected to acquire a notable share of the Saudi Arabia Electronic Security Market during 2023-28. With the mounting influx of foreign investments and growing government efforts toward diversifying the economy from oil gas, the country is witnessing an increasing number of infrastructure developments and various ongoing upcoming building construction projects associated with airports, railway road networks, hotels, shopping malls, corporate spaces, etc.
The government is actively focusing on infrastructural developments, i.e., in line with Saudi Vision 2030, and thus, taking rigorous steps to enhance the overall security network of the country. Consequently, electronic security systems are in high demand for the close monitoring of critical places like airports, highways, high-risk, busy, accident-prone zones, public transportation, etc., to ensure public safety and reduce the crime rate.
Moreover, banks financial institutions are also prominent end-users of the electronic security market in Saudi Arabia. The ever-increasing adoption of high-end surveillance devices in these facilities owes to the increasing prevalence of fraudulent activities data breaches and the rapid rise in ATM thefts. Hence, these aspects indicate an enormous share of the commercial sector in the Saudi Arabia Electronic Security Market over the coming years.
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