6wresearch logo
6wresearch discount on market reports

Saudi Arabia a key market for intrusion detection systems

December 22, 2017

Saudi Arabia's intrusion detection market is expected to enjoy a growth over the next six years, after experiencing a decline of recent, said 6Wresearch in a recently published a report.

The study, titled "Saudi Arabia Intrusion Detection Market (2017-2023)," cites that the country's intrusion detection market is projected to grow at a compound annual growth rate of 18.1 percent from 2017 to 2023.

According to the report, Saudi Arabia's intrusion detection market declined during between 2014 and 2016, owing to deteriorating economic conditions, primarily due to slump in oil prices and halt in several government projects in the country. However, with a recovery of crude oil prices, the market is set for a renaissance, it said.

Other drivers including increasing infrastructural projects, upcoming hotels and shopping malls, increasing inflow of FDI in the construction sector and setup of new large and medium enterprises are also expected to push the country's intrusion detection market, the report said.

"The announcement of government smart cities project, under which construction of 10 smart cities are to be completed by 2020, would further result in an increase in demand for intrusion detection system in Saudi Arabia over the next three years," the report said.

By product type, fiber optics sensors captured major revenue share of the market. "Growing demand for smaller, secure and reliable intrusion detection alarms and declining prices of fiber optics intrusion detection systems resulted in growth of intrusion detection market in the country," the report cited Shefali Goel, Senior Research Analyst for Research and Consulting at 6Wresearch, as saying.

Economic initiatives

"Further, under Vision 2030, Saudi Arabia government has passed a plan to invest in the infrastructural development plans and to allow FDI in the commercial and retail sectors which would result in an increase in the construction projects in the country, further leading to an increase in deployment of intrusion detection system at various locations," Shefali concluded.

Saudi Vision 2030 is an initiative whose objectives include lowering the country's rate of unemployment from 11.6 percent to 7 percent, increasing SME contribution to GDP from 20 percent to 35 percent and increasing women's participation in the workforce from 22 percent to 30 percent, according to the project's website.

The paper also cited Krishan Kohli, Research Associate for Research and Consulting at 6Wresearch, as saying: "In Saudi Arabia, Central region registered maximum deployment of intrusion detection systems on the back of increasing infrastructural development activities, especially in the commercial and industrial verticals."

He added: "Further, industrial and government and transportation verticals accounted for highest revenue share followed by commercial offices, residential, and others. Over the next six years, the government and residential verticals are forecast to grow at a higher CAGR during 2017-23."

Some of the major companies listed in the report include Alhamrani Universal Company, Arecont Vision, Azad Tech, Bosch Security System, Honeywell International, Interlogix, OPTEX, Pelco, Siemens and Tyco Electronics Saudi Arabia Limited.

One of those companies, OPTEX, cited compliance as a driver as well. "As an intrusion detection manufacturer, we see the greatest impact of regulation in Saudi Arabia. The HCIS regulation requires a minimum level of security systems depending on the type of building. In building types 4 and 5 - government buildings, utilities and critical infrastructure - perimeter protection and intrusion detection systems have to be installed," said Gaurav Mahajan, Divisional Manager for Middle East at OPTEX, in a separate interview.

Media Source: Asmag

      Browse More Report

India Electric Motors Market (2018-2024)

Market Forecast By Type (AC Motors and DC Motors), By Voltage (Low Voltage and Medium Voltage), By Power Capacity (Fractional Horsepower (FHP) and Integral Horsepower (IHP)), By Applications (Industrial, Commercial, Residential, Transportation...

Read More

Saudi Arabia 50 Hp and Above Electric Motor Market (2018-2024)

Market Forecast By Type (AC Motor and DC Motor), By Voltage (Low Voltage Electric Motor, Medium Voltage Electric Motor and High Voltage Electric Motor), By End Users (Oil and Gas, Petrochemical, Chemicals, and Fertilizers, Water and Utilities, Metals and Mining...

Read More

Saudi Arabia Air Pollution Control Market (2018-2024)

Market Forecast By Equipment Types (Electrostatic Precipitators (ESP), Flue-Gas Desulfurization (FGD), Scrubber, Fabric Filter / Bag Filter and Others), By Applications (Power Generation, Iron & Steel Industry, Chemical Industry and Others), By Regions...

Read More

Saudi Arabia Circuit Breaker Market (2018-2024)

Market Forecast By Voltage (Low Voltage (< 1.1 kV) (MCB, MCCB, ACB and Others), Medium Voltage (1.1 kV - 36 kV) (Vacuum Insulated and Gas Insulated) and High Voltage (> 36 kV) (Gas Insulated and Oil Insulated)), By Services (Repair & Maintenance, Installation...

Read More

Middle East Unmanned Aerial Vehicle Market (2018-2024)

Market Forecast By Types (Defense (Low Altitude Low Endurance (LALE) and Medium Altitude Long Endurance (MALE)) and Commercial (Multi Rotor and Fixed Wing Type)), By Commercial Applications (Delivery & Media, Industrial & Construction, Personal...

Read More

Saudi Arabia Industrial Boilers Market (2018-2024)

Market Forecast By Capacity (0.5-3 tonnes/hr, 3.1-10 tonnes/hr, 10.1-25 tonnes/hr and Above 25 tonnes/hr), By Type (Fire-Tube and Water-Tube), By Fuel (Oil Fired and Gas Fired), By End-User (Downstream, Processing, Pulp & Paper, Hospitality and Others including Mining...

Read More

Saudi Arabia Power and Distribution Transformer Market (2018-2024)

Market Forecast By Types (Power Transformer and Distribution Transformer), By Power Rating (Up to 315 KVA, 315.1 KVA - 5000 KVA, 5.1 MVA - 50 MVA and 50.1 MVA - 160 MVA), By Cooling System (Dry Type and Liquid Type), By Applications (Power Utilities and Industrial)...

Read More

UAE Intelligent Transportation System Market (2017-2023)

Market Forecast By Types (Advanced Transportation Management System, Advanced Public Transportation System, Advanced Traveler Information System, Cooperative Vehicle System and Others), By Verticals (Traffic Signal Control, Parking Management, Public Transport...

Read More

India Automated Fare Collection Systems Market (2018-2024)

Market Forecast By Applications (Metro Railway, Bus Transport, Parking Solution and Others), By AFC Systems Technologies (Near-Field Communication, Magnetic Strips & Tokens, QR Code/Barcode and Smart Cards), By Types (Hardware and Software)...

Read More


Our Key Clients
6wreserach client list


6Wresearch Events
6wreserach events