According to recent findings, the Saudi Arabia Video Surveillance Market is estimated to grow at a CAGR of around 3.5% during the forecast period, i.e., 2024-30.
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Saudi Arabia Video Surveillance Overview:
The market growth is driven primarily by the increasing need for a robust security infrastructure across Saudi Arabia to boost safety and reduce crime rates, i.e., surging the demand for video surveillance systems.
Additionally, the rising integration of video surveillance in the industrial sector and commercial real-estate establishments such as Neom Business City and Sudhir Industrial City, increasing investment by the private sector in educational institutions, and the emergence of various construction projects in the transportation sector such as Riyadh Metro would promote the deployment of video surveillance market in Saudi Arabia.
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Saudi Arabia Video Surveillance Outlook and Market Challenge:
Cybersecurity Concerns to Impede the Industry Expansion – The cybersecurity risk associated with video surveillance has a notable influence on the demand for these systems within the nation. With surveillance systems becoming more interconnected & dependent on digital technologies, the vulnerability to cyberattacks is on the rise, thus jeopardizing vital security footage & sensitive data.
In line with this, securing the safety of these systems against cyber threats has become critical, necessitating the adoption of effective cybersecurity protections. However, this undertaking presents a challenge, especially for organizations lacking the requisite expertise in the field of cybersecurity, which also increases the overall cost of the deployment and service. Consequently, negatively affects the demand graph and further restricts the Saudi Arabia Video Surveillance Market.
Global Saudi Arabia Video Surveillance Segmentation Analysis:
By Camera
- Fixed Camera
- Pan/Tilt/Zoom (PTZ) Cameras
- Others (Thermal, Panoramic, etc.)
By Connectivity Type
- Wired
- Wireless
Wireless cameras are anticipated to display the fastest growth in the Saudi Arabia Video Surveillance Market during the coming years.
By Resolution
- Standard Resolution
- Megapixel Network Camera
- High Definition Camera
By Monitor
- LCD
- LED
- Others
By Software
- Video Content Analytics
- Video Management Software
By Services
- Video Surveillance as a Service (VSaaS)
- Managed Service
- Hosted Service
- Hybrid Service
By Media
- Hard Disk Drive (HDD)
- Solid State Drives (SSD)
- Optical Storage Media
By Technology
- Storage Area Network
- Direct Attached Storage
- Network Video Recorder
- Network Attached Storage
- Digital Video Recorder
- Unified or Hybrid Storage
By Accessories
- Cables
- Encoders
By End User
- Commercial
- Military & Defense
- Infrastructure
- Residential
- Others (Industrial, Institutional)
The Infrastructure sector is anticipated to demonstrate the fastest growth in the Saudi Arabia Video Surveillance Market during 2024-30.
By Enterprise Size
- Small
- Medium
- Large
By Customer Type
- B2B
- B2C
By Region
- East
- West
- North
According to reports,
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Some of the Market players in the Global Saudi Arabia Video Surveillance are:
- 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.
Saudi Arabia Video Surveillance Recent Development:
- 2023: Dahua Technology announced a partnership with Mindware KSA to expand its reach & strengthen its distribution network throughout the Kingdom of Saudi Arabia.
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