Market Forecast By Types (Hardware, Software), By Technology (Authentication, detection, Alarm Panels, Communication Devices, Perimeter Security Systems), By Applications (Homeland Security, Commercial, Industrial, Residential), And Competitive Landscape
Product Code: ETC013559 | Publication Date: Oct 2020 | Updated Date: May 2023 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
In the year 2021, the USA was the largest exporter in terms of value, followed by China. It has registered a growth of 65.02% over the previous year. While China registered a decline of -15.25% over the previous year. While in 2017 China was the largest exporter followed by the USA. In term of the Herfindahl Index, which measures the competitiveness of countries exporting, Saudi Arabia has a Herfindahl index of 2066 in 2017 which signifies moderately concentrated while in 2021 it registered a Herfindahl index of 2449 which signifies moderately concentrated in the market
Saudi Arabia Access Control Market report thoroughly covers the market by types, technology, and by applications. The market outlook report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Saudi Arabia's Access Control Market is driven by the rising adoption of access control systems at commercial places with growing security concerns, particularly at airports to increase security for passenger safety. Additionally, the government is investing heavily in the development of smart city infrastructure, where access control systems are gaining traction including, video surveillance and traffic management to increase security and manage access to various smart city services and assets. Moreover, cloud-based access control solutions are more in popularity in the country, followed by the benefits like flexibility, and scalability, and have become an ideal solution for people working from home with its remote managing feature. These are some ongoing developments in the country expected to secure a double-digit growth of the Saudi Arabia Access Control industry in the upcoming years.
Saudi Arabia Access Control Market is projected to gain traction in the country underpinned by the rising installation in various sectors such as commercial, residential, and hospitality. Also, the growing digital technologies used in the country, including cloud computing, IoT, and artificial intelligence have led to drive the demand for advanced access control systems for effective access control. However, a lack of awareness about the benefits of access control systems can affect market growth. Nonetheless, the growing smart city projects and cloud-based access control systems adoption are creating great opportunities for market expansion.
According to 6Wresearch, the Saudi Arabia Access Control Market size is estimated to secure tremendous growth during 2020-2026. The market is proliferating with a rise in the infrastructure development in the country including, oil and gas facilities, government buildings, and airports, hence access control systems installations are high to protect from security threats. Additionally, the rapidly growing hospitality sector is driving market growth due to tourist arrivals each year, leading to accelerating the adoption of access control systems in hotels and restaurants for efficient access facilities to the guests. Furthermore, the increasing concern over security threats is leading to increasing demand for advanced security solutions that provide massive security to both physical spaces and assets and is estimated to surge the Saudi Arabia Access Control Market growth in the coming years.
The COVID-19 pandemic had affected the Saudi Arabia Access Control Market. During the pandemic lockdown, all businesses had forced to shut down to curb the spread of the COVID-19 virus in the country, hence the installation had declined and this further affected the access control market in the country. On the other hand, due to work from home cloud-based access control systems had surged in the country, also OCIVD-19 had created the opportunity for market expansion by increasing the popularity of touchless access control systems like facial recognition and mobile credentials. These factors had secured a product demand to some extent.
The market is highly competitive with numerous major players competing mentioned below and offering an excellent range of quality access control systems in the market:
Based on the types, however, both software and hardware types are gaining traction, nevertheless, The hardware segment is experiencing growth in recent years owing to a high adoption rate of biometric devices like fingerprint scanners and facial recognition systems in the country.
Based on the technology, Biometric authentication including fingerprint scanners and facial recognition systems are driving the market growth due to its high accuracy and reliability features.
According to Shivankar, Research Manager, 6Wresearch, the commercial sector is estimated to surge the Saudi Arabia Access Control Market revenue in the market on account of the rising infrastructure development in the commercial sectors such as airports, malls, and offices in the country.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Saudi Arabia Access Control Market Overview |
3.1 Saudi Arabia Access Control Market Revenues & Volume, 2016 - 2026F |
3.2 Saudi Arabia Access Control Market - Industry Life Cycle |
3.3 Saudi Arabia Access Control Market - Porter's Five Forces |
3.4 Saudi Arabia Access Control Market Revenues & Volume Share, By Types, 2019 & 2026F |
3.5 Saudi Arabia Access Control Market Revenues & Volume Share, By Technology, 2019 & 2026F |
3.6 Saudi Arabia Access Control Market Revenues & Volume Share, By Applications, 2019 & 2026F |
4 Saudi Arabia Access Control Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Access Control Market Trends |
6 Saudi Arabia Access Control Market Segmentation |
6.1 Saudi Arabia Access Control Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Saudi Arabia Access Control Market Revenues & Volume, By Types, 2016 - 2026F |
6.1.3 Saudi Arabia Access Control Market Revenues & Volume, By Hardware, 2016 - 2026F |
6.1.4 Saudi Arabia Access Control Market Revenues & Volume, By Software, 2016 - 2026F |
6.2 Saudi Arabia Access Control Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Access Control Market Revenues & Volume, By Authentication, 2016 - 2026F |
6.2.3 Saudi Arabia Access Control Market Revenues & Volume, By detection, 2016 - 2026F |
6.2.4 Saudi Arabia Access Control Market Revenues & Volume, By Alarm Panels, 2016 - 2026F |
6.2.5 Saudi Arabia Access Control Market Revenues & Volume, By Communication Devices, 2016 - 2026F |
6.2.6 Saudi Arabia Access Control Market Revenues & Volume, By Perimeter Security System, 2016 - 2026F |
6.3 Saudi Arabia Access Control Market, By Applications |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Access Control Market Revenues & Volume, By Homeland Security, 2016 - 2026F |
6.3.3 Saudi Arabia Access Control Market Revenues & Volume, By Commercial, 2016 - 2026F |
6.3.4 Saudi Arabia Access Control Market Revenues & Volume, By Industrial, 2016 - 2026F |
6.3.5 Saudi Arabia Access Control Market Revenues & Volume, By Residential, 2016 - 2026F |
7 Saudi Arabia Access Control Market Import-Export Trade Statistics |
7.1 Saudi Arabia Access Control Market Export to Major Countries |
7.2 Saudi Arabia Access Control Market Imports from Major Countries |
8 Saudi Arabia Access Control Market Key Performance Indicators |
9 Saudi Arabia Access Control Market - Opportunity Assessment |
9.1 Saudi Arabia Access Control Market Opportunity Assessment, By Types, 2019 & 2026F |
9.2 Saudi Arabia Access Control Market Opportunity Assessment, By Technology, 2019 & 2026F |
9.3 Saudi Arabia Access Control Market Opportunity Assessment, By Applications, 2019 & 2026F |
10 Saudi Arabia Access Control Market - Competitive Landscape |
10.1 Saudi Arabia Access Control Market Revenue Share, By Companies, 2019 |
10.2 Saudi Arabia Access Control Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |