Saudi Arabia Video Surveillance Market Outlook (2022-2028) | Trends, Forecast, Size, Share, Growth, & COVID-19 IMPACT

Projected growth in the construction market, upcoming new hotels & shopping malls along the increasing inflow of FDI in the construction and retail sectors are some of the key factors that are resulting in the overall growth of the video surveillance systems in Saudi Arabia. In the country's video surveillance market, the IP video surveillance segment accounted for the majority of the market revenues owing to the availability of supporting infrastructure and increasing installation in the government & transportation vertical.

According to 6Wresearch, Saudi Arabia video surveillance market size is projected to reach $163 million by 2023. Saudi Arabia market registered a decline in demand during 2014-16 due to deteriorating economic conditions owing to a fall in oil prices; resulting in the overall decline in government spending. The market is anticipated to bounce back with the recovery of oil prices post 2017. Also, growing security concerns and rising crime rates in Saudi Arabia are further expected to propel the growth of the video surveillance market during the forecast period. Amongst all the verticals, government & transportation acquired the highest revenue share of the market. Over the next six years, hospitality & healthcare and education verticals would drive Saudi Arabia Video surveillance market forecast period revenues.

In Saudi Arabia, the Central region held the majority of Saudi Arabia video surveillance market share in terms of revenues, on the back of increasing infrastructure development activities, especially in the commercial and residential verticals. Additionally, the central region is expected to maintain its market share during the forecast period as well.

The Saudi Arabia video surveillance market report thoroughly covers the market by video surveillance types, verticals, and regions. The Saudi Arabia video surveillance market outlook report provides an unbiased and detailed analysis of the Saudi Arabia video surveillance market trends, opportunities/ high growth areas, market drivers, which would help the stakeholders to devise and align market strategies according to the current and future market dynamics.

Security and surveillance are something that tends to play a crucial role in the assessment and assurance of a sound working environment in the commercial sector. Places with high footfall such as shopping complexes, banks, and other financial institutions require high-end security and surveillance and as a result, the demand for the product is expected to be witnessed at a high scale each year. The exquisite and high production of jewellery along with increased consumption of the same in the country is anticipated to be another major factor for the rapid growth of the Saudi Arabia security and surveillance market. jewelry and ornaments are something that requires high-end and huge security at their end to keep up the pace of market development. Since the market is prone to high threat of robbery and theft, the highest deployment of security and surveillance systems is expected to be witnessed in this sector which would not only benefit the safety of jewelry showroom owners but would also benefit the makers of the security and surveillance systems to witness a proliferation with respect to product demand and is anticipated to leave a positive impact over the market growth in the coming timeframe.

Saudi Arabia video surveillance market is projected to gain traction in the years ahead underpinned by the rising need to maintain safety and security. Additionally, video surveillance is likely to increase, especially in house buildings and in parking areas as well to maintain security. And the growing expansion of the corporate sector in the country with the increasing business perspective population hence the scope for the product application has been widening and is estimated to leave a positive impact on the Saudi Arabia video surveillance market growth in the coming years.

Saudi Arabia video surveillance market is projected to find its true potential throughout the forecast period underpinned by the rising impressive growth of the hospitality sector. The increase in the growth of the tourist influx has led to strengthening the development of hotels and restaurants simultaneously the video surveillance installation rate also increasing to control over burglaries is estimated to boost the significant growth of the Saudi Arabia video surveillance market in the coming years.

Key Highlights of the Report

• Saudi Arabia Video Surveillance Market Overview

• Saudi Arabia Video Surveillance Market Outlook

• Historical data of Global Video Surveillance Market for the Period 2014-2016

• Market Size & Forecast of Global Video Surveillance Market until 2023

• Saudi Arabia Video Surveillance Market Size & Saudi Arabia Video Surveillance Market Forecast

  of Revenues & Volume Market until 2023

• Historic data of Saudi Arabia Analog Video Surveillance Market Revenues and Volume 2014-2016

• Market Size & Forecast of Saudi Arabia Analog Video Surveillance Revenues & Volume Market until 2023

• Historic data of Saudi Arabia IP Video Surveillance Market Revenues and Volume for the Period 2014-2016

• Market Size & Forecast of Saudi Arabia IP Video Surveillance Revenues & Volume Market until 2023

• Historic data of Saudi Arabia Video Surveillance Market Revenues, By Verticals for the Period 2014-2016.

• Market Size & Forecast of Saudi Arabia Video Surveillance Market Revenues, By Verticals, until 2023

• Historical data and Forecast of Saudi Arabia Video Surveillance Market, By Regions for the Period 2014-2016

• Market Size and Forecast of Saudi Arabia Video Surveillance Market, By Regions, until 2023

• Saudi Arabia Video Surveillance Market Drivers and Restraints

• Saudi Arabia Video Surveillance Market Overview on Competitive Landscape

• Saudi Arabia Video Surveillance Market Share, by Players

• Key Strategic Pointers

Markets Covered

The Saudi Arabia video surveillance market report provides a detailed analysis of the following market segments:

 • By Segments:

     o Analog Based Surveillance System

               ■ Analog Cameras

              ■ DVR

              ■ Software

     o IP Based Surveillance System

              ■ IP Camera

              ■ NVR

              ■ Encoders/ Decoders

    o Surveillance System Software

              ■ Video Analytics software

              ■ Video Management Software

              ■ Other Video surveillance software

• By Verticals:

    o Banking & Financial

    o Government & Transportation

    o Retail & Logistics

    o Commercial Offices

    o Industries

    o Industrial & Manufacturing

    o Residential

    o Hospitality & Healthcare

    o Educational Institutions

• By Regions:

    o Central

    o Southern

    o Northern

    o Western