Saudi Arabia is emerging one of
the fastest growing CCTV markets in Middle-East region. The demand for CCTV has
increased on account of rising government initiatives, increasing IT spending,
growth of hospitality sector and increasing IP infrastructure in the country.
Saudi Arabia is an import driven country in electronic security systems market,
where CCTV are primarily imported from countries such as China, Japan, US,
Thailand, and Taiwan.
According to Saudi Arabia CCTV Market Forecast & Opportunities,
2019, the market revenues of Saudi Arabia CCTV market are forecast to grow at a
CAGR of around 23% during 2014-19.Saudi Arabia CCTV market is dominated by
analog based CCTV systems, which accounted for majority of market share in
2013. Analog based CCTV systems are being preferred due to their ease of
installation and low cost. However, the countrys CCTV market is witnessing a
gradual shift towards IP based CCTV systems due to growing IP infrastructure in
the country coupled with various benefits offered by these systems, such as
remote monitoring capability, high reliability and easy accessibility through
smart devices including tablets and smartphones. The Central region in Saudi
Arabia holds the largest market share, in terms of revenue, with major cities
such as Riyadh, Jeddah, Mecca and Medina driving the countrys CCTV demand.
Technology improvements such as emergence of network/IP based CCTV systems and
various other advancements in terms of cameras, software, storage devices, etc.
are expected to further support the markets growth trajectory.
The market for CCTV systems in
Saudi Arabia is benefiting from increasing adoption of IP based systems in
various industries and enterprises, rising need for security/surveillance
systems, and growing infrastructure development projects in the country.
Majority of CCTV players in the country including Bosch, Axis Communications
and Pelco are focusing towards increasing the penetration of IP based cameras
to capitalize on growing security concerns as well as increasing need for
remote monitoring and high definition image capturing in an increasing number
of enterprises. Moreover, Increasing IT and security spending by the
government, in order to revamp existing IT infrastructure in the country, is
also expected to boost the CCTV market during 2014-19. Market growth is further
supported by emerging trends and technologies such as VSaaS, mobile video
surveillance, remote monitoring, etc. The Saudi Arabia CCTV Market Forecast
& Opportunities, 2019 report elaborates following particulars:
- Saudi Arabia CCTV Market Size,
Share & Forecast
- Segmental Analysis IP &
Analog Based CCTV system
- Regional and End-user Market
Analysis
- Changing Market Trends
&Emerging Opportunities
- Competitive Landscape &
Strategic Recommendations
Why You
Should Buy This Report?
- To gain an in-depth understanding
of CCTV market in Saudi Arabia
- To identify the ongoing trends
and anticipated growth in the coming years
- To help industry consultants,
CCTV manufacturers, vendors and dealers to align their market-centric
strategies
- To obtain research based business
decision and add weight to presentations and marketing material
- To gain competitive knowledge of
leading players
- To avail 10% customization in the
report without any extra charges and get the research data or trends added in
the report as per the buyers specific needs
Report
Methodology
The information contained in this
report is based upon both primary and secondary sources. Primary research
included interviews with CCTV vendors operating in Saudi Arabia. Secondary
research included an exhaustive search of relevant publications like company
annual reports, financial reports and proprietary databases.
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