Saudi Arabia Video Surveillance

Saudi Arabia Video Surveillance Market Research Report Forecast: (2021-2026)

By Component (Camera [Analog Camera, IP Camera {Fixed Camera, Pan/Tilt/Zoom (PTZ) Cameras, Others (Thermal, Panoramic, etc.)}]), By Connectivity Type (Wired, Wireless), By Resolution (Standard Resolut Read more

  • ICT & Electronics
  • Mar 2022
  • 103
  • IT66013

Market Definition

Video Surveillance is a system that enables the user to closely monitor a location and store all the information & footage on the associated device. These systems are deployed across multiple end-users like Commercial, Military & Defense, Infrastructure, Residential, Industrial, & Institutional sectors to enhance security. The growing number of criminal activities is amongst the most prominent factors augmenting the demand for video surveillance systems across Saudi Arabia.

Market Insights

The Saudi Arabia Video Surveillance Market is projected to grow at a CAGR of around 3.5% during the forecast period, i.e., 2021-26. The growth of the market is driven primarily by the increasing need for a robust security infrastructure across Saudi Arabia to boost safety & reduce crime rates, i.e., surging the demand for video surveillance systems. 

Report Coverage Details
Study Period Historical Data: 2016-19
Base Year: 2020
Forecast Period: 2021-26
CAGR

3.5%

Key Companies Profiled Axis Communications FZE, Hikvision FZE, Honeywell Security, Dahua Technology Middle East FZE, Sony Gulf FZE Limited, Avigilon Corporation, Pelco by Schneider Electric, Hanwha Techwin, IDIS Middle East, FLIR Systems, Middle East FZE
Unit Denominations USD Million/Billion

 

In addition, the rapidly expanding corporate sector, i.e., displaying an escalating establishment of multinational companies & start-ups, is also augmenting the demand for video surveillance systems to increase security in offices & maintain discipline among employees. 

Besides, with the mounting influx of tourists in the country, the Saudi government is actively participating in expanding the commercial sector by laying out new projects associated with the construction of airports, shopping malls, and metro & railway stations. It, in turn, is leading to the soaring need for robust security systems and projecting remunerative opportunities for the market in the coming years.

Impact of Covid-19 on the Saudi Arabia Video Surveillance Market

The Covid-19 pandemic in 2020 had a decelerating impact on most industries across Saudi Arabia, yet the Video Surveillance Market witnessed moderate effects amidst the crisis. With the imposition of stringent movement restrictions & lockdown by the Saudi government to curb the spread of this dreadful disease, the leading players in the market observed several unprecedented challenges associated with the development, production, & distribution of video surveillance cameras across the country.

The disruptions in the supply chain led to the unavailability of raw materials required for the production of surveillance cameras and resulted in significant demand-supply gaps. In addition, travel restrictions further affected the transportation & logistics sector, which led to delayed deliveries of pre-produced products and massive financial losses for the leading market players.

However, the market witnessed a sudden hike with the rapidly growing demand for surveillance cameras to monitor containment zones & public places and ensure that social distancing is being followed everywhere. Furthermore, with the gradually reducing number of Covid-19 cases, the leading video surveillance system manufacturers resumed their manufacturing with 100% capacity to meet the burgeoning end-user requirements across the country. In the coming years, they are likely to recover from financial losses that occurred amidst the pandemic & generate significant growth opportunities for the market.

Market Segmentation

Based on End-Users:

  • Commercial
  • Military & Defense
  • Infrastructure
  • Residential
  • Others (Industrial, Institutional)

Here, the Infrastructure sector is anticipated to demonstrate the fastest growth in the Saudi Arabia Video Surveillance Market during 2021-26. It owes principally to the growing government focus on infrastructural developments in line with Saudi Vision 2030 & enhancing the overall security mechanism of the country. This escalation is majorly for the government to attain close monitoring across places like airports, highways, high-risk zones, busy & accident-prone zones, & public transportations, among others. It, in turn, is generating growth opportunities for the leading players to expand their product offerings to meet the mounting requirements and augment the overall market growth through 2026.

Based on the Connectivity Type:

  • Wired
  • Wireless

Here, Wireless cameras are anticipated to display the fastest market growth in the coming years. It owes principally to the surging demand for real-time data gathering & transmission on cloud platforms with the help of internet connections. In addition, growing awareness about the easy accessibility from multiple devices, affordability, and widening availability of wireless cameras are also playing a crucial role in stimulating their demand and propelling the overall market growth.

Besides, wireless cameras nowadays exhibit technologies like the Internet of Things & Artificial Intelligence and can be operated from multiple devices like smartphones, tablets, laptops, etc. These are other crucial factors projected to contribute to their mounting demand for different applications in the years to come. 

Key Questions Answered in the Market Research Report:

  1. What are the overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares) of the Saudi Arabia Video Surveillance Market?
  2. What are the region-wise industry size, growth drivers, & challenges?
  3. What are the key innovations, opportunities, current & future trends, and regulations in the Saudi Arabia Video Surveillance Market?
  4. Who are the key competitors, their key strengths & weaknesses, and how do they perform in the Saudi Arabia Video Surveillance Market based on the competitive benchmarking matrix?
  5. What are the key results derived from surveys conducted during the Saudi Arabia Video Surveillance Market study?

Frequently Asked Questions

A. The Saudi Arabia Video Surveillance Market is projected to grow at a CAGR of around 3.5% during 2021-26.

A. Growing government focus on infrastructural developments & enhancing the security & safety across the country is the key factor anticipated to drive the Saudi Arabia Video Surveillance Market through 2026.

A. Integration of technologies like Artificial Intelligence & Internet of Things into video surveillance systems is an emerging trend anticipated to augment the growth of the Saudi Arabia Video Surveillance Market in the coming years.

A. Wireless connectivity is anticipated to emerge as an area of remunerative opportunities for the leading players in the Saudi Arabia Video Surveillance Market through 2026.

  1. Introduction
    1. Product Definition
    2. Research Process
    3. Assumptions
    4. Market Segmentation
  2. Preface
  3. Executive Summary
  4. Impact of Covid-19 on Saudi Arabia Video Surveillance Market 
  5. Saudi Arabia Video Surveillance Market Venture Capital Investments Scenario
  6. Saudi Arabia Video Surveillance Market Analysis, 2016-2026F
  7. Market Segmentation & Outlook
    1. Market Size & Analysis
      1. Revenues (in USD Million)
    2. Market Share & Analysis
      1. By Camera
        1. By Type
          1. Fixed Camera
          2. Pan/Tilt/Zoom (PTZ) Cameras
          3. Others (Thermal, Panoramic, etc.)
        2. By Connectivity Type
          1. Wired
          2. Wireless
        3. By Resolution
          1. Standard Resolution
          2. Megapixel Network Camera
          3. High Definition Camera
      2. By Monitor
        1. LCD
        2. LED
        3. Others
      3. By Software
        1. Video Content Analytics
        2. Video Management Software
      4. By Services
        1. Video Surveillance as a Service (VSaaS)
        2. Managed Service
        3. Hosted Service
        4. Hybrid Service
      5. By Media
        1. Hard Disk Drive (HDD)
        2. Solid State Drives (SSD)
        3. Optical Storage Media
      6. By Technology           
        1. Storage Area Network
        2. Direct Attached Storage
        3. Network Video Recorder
        4. Network Attached Storage
        5. Digital Video Recorder
        6. Unified or Hybrid Storage
      7. By Accessories
        1. Cables
        2. Encoders
      8. By End User
        1. Commercial
        2. Military & Defense
        3. Infrastructure
        4. Residential
        5. Others (Industrial, Institutional)
      9. By Enterprise Size
        1. Small
        2. Medium
        3. Large
      10. By Customer Type
        1. B2B
        2. B2C
      11. By Competitors
        1. Competition Characteristics
        2. Market Share & Analysis
        3. Competitive Metrix
  8. Saudi Arabia Video Surveillance Market Supply Chain Analysis
  9. Saudi Arabia Video Surveillance Market Value Chain Analysis
  10. Saudi Arabia Video Surveillance Market Intellectual Property Rights Analysis
  11. Saudi Arabia Video Surveillance Market Regulations, Policies, Product Benchmarks
  12. Saudi Arabia Video Surveillance Market Trends & Insights
  13. Saudi Arabia Video Surveillance Market Dynamics
    1. Drivers
    2. Challenges
  14. Saudi Arabia Video Surveillance Market Hotspots & Opportunities
  15. Saudi Arabia Video Surveillance Market, Competition Outlook
    1. Competition Matrix
      1. Brand Specialization
      2. Target Markets
      3. Target Applications
      4. Research & Development
      5. Collaborations & Strategic Alliances
      6. Key Business Expansion Initiatives
      7. Business Restructuring- Mergers, Acquisitions, JVs
      8. Strategic Initiatives
    2. Company Profiles (Business Description, Product Offering, Strategic Alliances or Partnerships, etc.)
      1. Axis Communications FZE
      2. Hikvision FZE
      3. Honeywell Security
      4. Dahua Technology Middle East FZE
      5. Sony Gulf FZE Limited
      6. Avigilon Corporation
      7. Pelco by Schneider Electric
      8. Hanwha Techwin
      9. IDIS Middle East
      10. FLIR Systems, Middle East FZE
  16. Disclaimer
Saudi Arabia Video Surveillance Market Segmentation