Increased investment in Electronic Security Devices is Mainly Guided by the Increased Concern for Security and Safety of the Residents, Visitors, and Assets in the KSA

Saudi Arabia is an oil rich country and in the past few years, sectors such as retail, hospitality and others have expanded their operation attracting tourists and foreign investments. Growing expat population, tourists, and investment in infrastructure was the key reason for growth of retail and hospitality sector. Saudi Arabia electronic security market had grown… Continue reading Increased investment in Electronic Security Devices is Mainly Guided by the Increased Concern for Security and Safety of the Residents, Visitors, and Assets in the KSA

Future Mega Events, such as the 2020 World Expo and the 2022 Football World Cup are Expected to be Key Drivers for Spiked Demand for Electronic Security Equipments in the Region

Hajj is the annual Islamic pilgrimage to Mecca; a holy city of Muslims attracts millions of pilgrims every year. In 2013, Saudi Arabia government installed 1,700 CCTV cameras to monitor the crowd during this 5 day event. There was high demand for quality apartments in Riyadh due to rising expatriates in the city and new… Continue reading Future Mega Events, such as the 2020 World Expo and the 2022 Football World Cup are Expected to be Key Drivers for Spiked Demand for Electronic Security Equipments in the Region

Diversification of Economy from Oil Based Industries, Managing Hajj pilgrims is Expected to Boost Demand for Saudi Arabia Electronic Security Market: Ken Research

Share of access control devices is expected to increase in future as smart technologies and building management system gain importance. Improving technology and customer willingness to pay premium for quality products will help in augmenting market revenue. Government keen interest to sustain the economic growth by diversifying industry base will lead to investment in electronic… Continue reading Diversification of Economy from Oil Based Industries, Managing Hajj pilgrims is Expected to Boost Demand for Saudi Arabia Electronic Security Market: Ken Research