Major Players In Saudi Arabia Electronic Security Market- Ken Research

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. Fire Alarm Industry Saudi Arabia, Sale CCTV cameras Saudi Arabia, CCTV Market in Saudi Arabia, Bosch Sale CCTV camera Saudi Arabia, Competition Hikivision Honeywell major companies,

Tyco Intrusion alarm sale Saudi Arabia,

Trends And Developments

Managing pilgrims to Mecca and Medina attract investment in electronic security devices. 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.

Strong real estate development in Riyadh and Jeddah, growth in number of private schools, preschools, kindergarten along with higher disposable income of people augmented the demand for electronic security equipments.  By the end of 2016, majority of the large hotels had installed CCTV cameras and fire alarm system in their hotels. Card based access control was the most commonly used method to enter the rooms. Mobile video surveillance has been gaining increasing acceptance across various industry verticals and residents especially expats and working professionals.

Mandatory regulations are mostly applicable in case of commercial offices and buildings. Saudi Arabia has very well defined regulations for installation of electronic security installation in the premises. Rules vary from type of electronic devices used to area of installation of the electronic device. Installation is mandatory in many cases as well as voluntary also. Mandatory regulations are mostly applicable in case of commercial offices and buildings. Any of the electronic security devices must not breach the privacy of the individuals without proper sanction of the law. CCTV installation is mandatory for all commercial entities operating in Saudi Arabia. Fire alarms in Saudi Arabia are governed under “Standard for Smoke Detectors for Fire Alarm Signaling Systems”.

Saudi Arabia Electronic Security Market Size

Market for electronic security devices 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.

Topics Covered in the report

  • Fire Alarm Industry Saudi Arabia
  • Sale CCTV cameras Saudi Arabia
  • CCTV Market in Saudi Arabia
  • Bosch Sale CCTV camera Saudi Arabia
  • Competition Hikivision Honeywell major companies
  • Tyco Intrusion alarm sale Saudi Arabia
  • Major Players in Saudi Arabia Intrusion Alarm Market
  • Major Players in Saudi Arabia Fire Alarm Market
  • Infrared Beam Alarms market Saudi Arabia

For More Coverage Click On The Link Below:

https://www.kenresearch.com/defense-and-security/security-devices/saudi-arabia-electronic-security-market/94375-16.html

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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

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