Market Forecast By Offering (Hardware, Software, Service), By System (Analog Video Surveillance Systems, IP Video Surveillance Systems, Hybrid Video Surveillance Systems), By Vertical (Commercial, Infrastructure, Military & Defense, Residential, Public Facility, Industrial) And Competitive Landscape
Product Code: ETC4456780 | Publication Date: Jul 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
Saudi Arabia Video Surveillance market currently, in 2023, has witnessed an HHI of 3544, Which has decreased moderately as compared to the HHI of 3573 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Saudi Arabia Video Surveillance Market report thoroughly covers the market by offering, by systems, and by verticals. 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 Video Surveillance Market is expanding rapidly with the increasing focus on security and surveillance across various sectors. Advances in technology, such as IP-based cameras and video analytics, have driven the adoption of sophisticated surveillance systems to protect assets and ensure public safety.
According to 6Wresearch, the Saudi Arabia Video Surveillance Market size is expected to grow at a CAGR of 11.56% during the forecast period of 2024-2030. The Saudi Arabia Video Surveillance market is witnessing substantial growth due to the increasing focus on security and surveillance solutions. Video surveillance`s capability to offer monitoring, crime deterrence, and incident recording supports its adoption. The demand for enhanced security measures, public safety, and crime prevention drives the Saudi Arabia Video Surveillance Market Growth. The challenge in the video surveillance market is to provide advanced video surveillance solutions for security and monitoring applications. Ensuring data privacy, scalability, and intelligent video analytics integration are primary challenges. The emerging trends in the Saudi Arabia video surveillance market include the integration of video surveillance with Artificial Intelligence (AI). AI technology enables video surveillance systems to learn the behavior patterns of individuals and assets, alerting them in case of any threat. The deployment of facial recognition technology is another trend that is gaining momentum in the country. The rising demand for intelligent video surveillance solutions in high-traffic areas, such as retail outlets, commercial buildings, and transportation channels, presents a significant opportunity for players in the video surveillance market.
Saudi Arabia has introduced legislation and policies aimed at enhancing video surveillance performance, including government agencies' policies and public-private partnerships. In 2019, the country launched the National Cybersecurity Authority to enhance cybersecurity measures. Furthermore, state security organizations, such as the Directorate General of Civil Defense and the General Traffic Directorate, have incorporated video surveillance in their operations' strategies. The government has pledged its commitment to promoting sustainable development in line with the Vision 2030 strategic plan. Under this plan, the government has introduced schemes promoting clean energy and sustainable economic development. For instance, the King Abdullah City for Atomic & Renewable Energy (KACARE) has embarked on a project seeking to develop alternative sources of energy.
The Saudi Arabia Video Surveillance Industry is home to several leading players in the industry. One of these companies is Avigilon, which is renowned for manufacturing high-performance video surveillance solutions. The company provides surveillance solutions for various clients, including airports, banks, hospitals, and government agencies. Another prominent player dominating the Saudi Arabia Video Surveillance Market Share is Hikvision Middle East, which provides innovative products and solutions that meet today's market demands. Through partnerships with local companies, Hikvision has rapidly expanded its footprint in the Saudi Arabia market.
By Offering, the service segment is expected to grow significantly. The reason for this growth is that many businesses want to avoid investing heavily in hardware or software but instead opt for a more cost-effective service model. Service providers offer various services such as maintenance, system integration, and managed services.
According to Rohit, Senior Research Analyst, 6Wresearch, the infrastructure segment is expected to have the highest growth rate. This growth is attributed to the increase in investments in smart cities and infrastructure. The government is also investing in large-scale infrastructure projects, such as the Riyadh Metro, which is expected to be one of the largest automated metro networks.
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 Video Surveillance Market Overview |
3.1 Saudi Arabia Country Macro Economic Indicators |
3.2 Saudi Arabia Video Surveillance Market Revenues & Volume, 2020 & 2030F |
3.3 Saudi Arabia Video Surveillance Market - Industry Life Cycle |
3.4 Saudi Arabia Video Surveillance Market - Porter's Five Forces |
3.5 Saudi Arabia Video Surveillance Market Revenues & Volume Share, By Offering , 2020 & 2030F |
3.6 Saudi Arabia Video Surveillance Market Revenues & Volume Share, By System, 2020 & 2030F |
3.7 Saudi Arabia Video Surveillance Market Revenues & Volume Share, By Vertical, 2020 & 2030F |
4 Saudi Arabia Video Surveillance Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Saudi Arabia Video Surveillance Market Trends |
6 Saudi Arabia Video Surveillance Market, By Offering |
6.1 Overview and Analysis |
6.1.2 Saudi Arabia Video Surveillance Market Revenues & Volume, By Hardware, 2020 & 2030F |
6.1.3 Saudi Arabia Video Surveillance Market Revenues & Volume, By Software, 2020 & 2030F |
6.1.4 Saudi Arabia Video Surveillance Market Revenues & Volume, By Service, 2020 & 2030F |
6.2 Saudi Arabia Video Surveillance Market, By System |
6.2.1 Overview and Analysis |
6.2.2 Saudi Arabia Video Surveillance Market Revenues & Volume, By Analog Video Surveillance Systems, 2020 & 2030F |
6.2.3 Saudi Arabia Video Surveillance Market Revenues & Volume, By IP Video Surveillance Systems, 2020 & 2030F |
6.2.4 Saudi Arabia Video Surveillance Market Revenues & Volume, By Hybrid Video Surveillance Systems, 2020 & 2030F |
6.3 Saudi Arabia Video Surveillance Market, By Vertical |
6.3.1 Overview and Analysis |
6.3.2 Saudi Arabia Video Surveillance Market Revenues & Volume, By Commercial, 2020 & 2030F |
6.3.3 Saudi Arabia Video Surveillance Market Revenues & Volume, By Infrastructure, 2020 & 2030F |
6.3.4 Saudi Arabia Video Surveillance Market Revenues & Volume, By Military & Defense, 2020 & 2030F |
6.3.5 Saudi Arabia Video Surveillance Market Revenues & Volume, By Residential, 2020 & 2030F |
6.3.6 Saudi Arabia Video Surveillance Market Revenues & Volume, By Public Facility, 2020 & 2030F |
6.3.7 Saudi Arabia Video Surveillance Market Revenues & Volume, By Industrial, 2020 & 2030F |
7 Saudi Arabia Video Surveillance Market Import-Export Trade Statistics |
7.1 Saudi Arabia Video Surveillance Market Export to Major Countries |
7.2 Saudi Arabia Video Surveillance Market Imports from Major Countries |
8 Saudi Arabia Video Surveillance Market Key Performance Indicators |
9 Saudi Arabia Video Surveillance Market - Opportunity Assessment |
9.1 Saudi Arabia Video Surveillance Market Opportunity Assessment, By Offering , 2020 & 2030F |
9.2 Saudi Arabia Video Surveillance Market Opportunity Assessment, By System, 2020 & 2030F |
9.3 Saudi Arabia Video Surveillance Market Opportunity Assessment, By Vertical, 2020 & 2030F |
10 Saudi Arabia Video Surveillance Market - Competitive Landscape |
10.1 Saudi Arabia Video Surveillance Market Revenue Share, By Companies, 2023 |
10.2 Saudi Arabia Video Surveillance Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |