Saudi Arabia Video Surveillance Market Growth, Size, Trends, Demand, Share and Future Outlook: SPER Market Research

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Published: Aug 2024	Report ID: IACT24160	Pages: 1 - 107	Formats^*:
Category : Information & Communications Technology

Saudi Arabia Video Surveillance Market Introduction and Overview

According to SPER Market Research, the Saudi Arabia Video Surveillance Market is estimated to reach USD 2.6 billion by 2033 with a CAGR of 9.48%.

The report includes an in-depth analysis of the Saudi Arabia Video Surveillance Market, including market size and trends, product mix, applications, and supplier analysis. A system called video surveillance allows the user to keep a close eye on a certain area while storing all the data and video on the device connected to it. To improve security, these systems are implemented by a variety of end users, including the infrastructure, commercial, military & defence, residential, industrial, and institutional sectors.

In January 2024, Barox Kommunikation AG formed a partnership with Amstergi, a leading distributor in Saudi Arabia's video surveillance market. Based in Dubai, Amstergi provides full supply chain services to security integrators in the UAE and Qatar. The alliance intends to increase Barox's influence by delivering high-performance Ethernet switches and an intelligent Device Management System to improve control functionality in the Saudi Arabia Video Surveillance Market.

In 2023, Dahua Technology and Mindware KSA announced a collaboration aimed at broadening their market penetration and fortifying their distribution network across the Kingdom of Saudi Arabia.

Market Opportunities and Challenges

Opportunities

Urbanisation and Infrastructure Development - Saudi Arabia's growing urbanisation and ongoing infrastructure development projects are driving the growth of the video surveillance market. As cities expand and adapt, there is an increasing need for surveillance systems to monitor key infrastructure, public spaces, transportation networks, and commercial establishments. Urbanisation trends such as population expansion, urban sprawl, and the development of smart cities need the use of advanced video surveillance technology to improve safety, control traffic flow, and maintain smooth city operations. This demographic transformation and infrastructure development are propelling the deployment of video surveillance technologies throughout the Kingdom.

Challenges-

Cybersecurity Issues Could Stop the Industry's Growth - The demand for video surveillance systems across the country is significantly impacted by the cybersecurity risk that is linked to these systems. Surveillance systems are becoming more digitally connected and reliant, which makes them more susceptible to hacks and puts sensitive data and important security video at risk. Accordingly, it is now essential to safeguard these systems from cyberattacks, which calls for the implementation of strong cybersecurity defences. But this endeavour is difficult, particularly for companies that don't have the necessary cybersecurity experience, and it also raises the implementation and service costs. As a result, has a negative impact on the demand graph and further limits the market for video surveillance in Saudi Arabia.

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Market Competitive Landscape

The Saudi Arabia Video Surveillance Market is characterised by fierce rivalry among prominent companies vying for a competitive advantage through technical innovation, strategic collaborations, and market development efforts. The key players of this market are Dahua Technology, Axis Communications, Hikvision, Honeywell Security, ZMR, Industrial Video & Control Co, Pelco, Avigilon Corporation, Hanwha Techwin, FLIR Systems.

Scope of the Report:

Report Metric	Details
Market size available for years	2020-2033
Base year considered	2023
Forecast period	2024-2033
Segments covered	By Component, By System Type, By End User
Regions covered	Riyadh, Jeddah, Dammam, Rest of Saudi Arabia.
Companies Covered	Dahua Technology, Axis Communications, Hikvision, Honeywell Security, ZMR, Industrial Video & Control Co, Pelco, Avigilon Corporation, Hanwha Techwin, FLIR Systems.

COVID-19 Impact on Saudi Arabia Video Surveillance Market

The market for video surveillance was significantly impacted by the COVID-19 epidemic. Businesses and organisations are increasingly using video surveillance systems for remote property monitoring as a result of the pandemic's lockdowns and limitations. This include keeping an eye on compliance with safety procedures, enforcing social distance, and controlling the number of people that can be accommodated in shops, offices, and other public areas. The use of cloud-based video surveillance solutions has risen due to the requirement for remote access and management. Because they are scalable, flexible, and accessible from a distance, cloud-based solutions are especially appealing to companies that are adjusting to working remotely during the pandemic. The COVID-19 pandemic has created worldwide supply chain disruptions, resulting in production closures and transit delays, which have affected the availability of video surveillance equipment and materials.

Key Target Audience:

Government Agencies
Law Enforcement and Security Agencies
Commercial Businesses
Industrial Facilities
Residential Property Owners
Transportation and Logistics Companies
Educational Institutions
Healthcare Facilities
Hospitality Industry
Retail Sector
Financial Institutions
Infrastructure Developers

Our in-depth analysis of the Saudi Arabia Video Surveillance Market includes the following segments:

By Component:	Hardware Software Services
By System Type:	Analog Video Surveillance Systems IP Video Surveillance Systems Hybrid Video Surveillance Systems
By End User:	Commercial Industrial Residential Government

Key Topics Covered in the Report:

Saudi Arabia Video Surveillance Market Size (FYâ€™2024-FYâ€™2033)
Overview of Saudi Arabia Video Surveillance Market
Segmentation of Saudi Arabia Video Surveillance Market By Component (Hardware, Software, Services)
Segmentation of Saudi Arabia Video Surveillance Market By System Type (Analog Video Surveillance Systems, IP Video Surveillance Systems, Hybrid Video Surveillance Systems)
Segmentation of Saudi Arabia Video Surveillance Market By End User (Commercial, Industrial, Residential, Government)
Statistical Snap of Saudi Arabia Video Surveillance Market
Expansion Analysis of Saudi Arabia Video Surveillance Market
Problems and Obstacles in Saudi Arabia Video Surveillance Market
Competitive Landscape in the Saudi Arabia Video Surveillance Market
Impact of COVID-19 and Demonetization on Saudi Arabia Video Surveillance Market
Details on Current Investment in Saudi Arabia Video Surveillance Market
Competitive Analysis of Saudi Arabia Video Surveillance Market
Prominent Players in the Saudi Arabia Video Surveillance Market
SWOT Analysis of Saudi Arabia Video Surveillance Market
Saudi Arabia Video Surveillance Market Future Outlook and Projections (FYâ€™2024-FYâ€™2033)
Recommendations from Analyst

1. Introduction

1.1. Scope of the report
1.2. Market segment analysis

2. Research Methodology

2.1. Research data source

2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPERâ€™s internal database
2.1.4. Premium insight from KOLâ€™s

2.2. Market size estimation

2.2.1. Top-down and Bottom-up approach

2.3. Data triangulation

3. Executive Summary

4. Market Dynamics

4.1. Driver, Restraint, Opportunity and Challenges analysis

4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges

4.2. COVID-19 Impacts of the Saudi Arabia Video Surveillance Market.

5. Market variable and outlook

5.1. SWOT Analysis

5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats

5.2. PESTEL Analysis

5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape

5.3. PORTERâ€™s Five Forces

5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry

5.4. Heat Map Analysis

6. Competitive Landscape

6.1. Saudi Arabia Video Surveillance Market Manufacturing Base Distribution, Sales Area, Product Type
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Saudi Arabia Video Surveillance Market

7. Saudi Arabia Video Surveillance Market, By Component (USD Million) 2020-2033

7.1. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By Component, 2020-2026
7.2. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By Component, 2027-2033
7.3. Hardware
7.4. Software
7.5. Services

8. Saudi Arabia Video Surveillance Market, By System Type (USD Million) 2020-2033

8.1. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By System Type, 2020-2026
8.2. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By System Type, 2027-2033
8.3. Analog Video Surveillance Systems
8.4. IP Video Surveillance Systems
8.5. Hybrid Video Surveillance Systems

9. Saudi Video Surveillance Market, By End User (USD Million) 2020-2033

9.1. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By End User, 2020-2026
9.2. Saudi Arabia Video Surveillance Market Size, Share and Forecast, By End User, 2027-2033
9.3. Commercial
9.4. Industrial
9.5. Residential
9.6. Government

10. Saudi Arabia Video Surveillance Market Forecast, 2020-2033 (USD Million)

10.1. Saudi Arabia Video Surveillance Market Size and Market Share

11. Saudi Arabia Video Surveillance Market, By Region, 2020-2033 (USD Million)

11.1. Saudi Arabia Video Surveillance Market Size and Market Share By Region (2020-2026)
11.2. Saudi Arabia Video Surveillance Market Size and Market Share By Region (2027-2033)

11.2.1. Riyadh
11.2.2. Jeddah
11.2.3. Dammam
11.2.4. Rest of Saudi Arabia

12. Company Profile

12.1. Dahua Technology

12.1.1. Company details
12.1.2. Financial outlook
12.1.3. Product summary
12.1.4. Recent developments

12.2. Axis Communications

12.2.1. Company details
12.2.2. Financial outlook
12.2.3. Product summary
12.2.4. Recent developments

12.3. Hikvision

12.3.1. Company details
12.3.2. Financial outlook
12.3.3. Product summary
12.3.4. Recent developments

12.4. Honeywell Security

12.4.1. Company details
12.4.2. Financial outlook
12.4.3. Product summary
12.4.4. Recent developments

12.5. ZMR

12.5.1. Company details
12.5.2. Financial outlook
12.5.3. Product summary
12.5.4. Recent developments

12.6. Industrial Video & Control Co

12.6.1. Company details
12.6.2. Financial outlook
12.6.3. Product summary
12.6.4. Recent developments

12.7. Pelco

12.7.1. Company details
12.7.2. Financial outlook
12.7.3. Product summary
12.7.4. Recent developments

12.8. Avigilon Corporation

12.8.1. Company details
12.8.2. Financial outlook
12.8.3. Product summary
12.8.4. Recent developments

12.9. Hanwha Techwin

12.9.1. Company details
12.9.2. Financial outlook
12.9.3. Product summary
12.9.4. Recent developments

12.10. FLIR Systems

12.10.1. Company details
12.10.2. Financial outlook
12.10.3. Product summary
12.10.4. Recent developments

12.11. Others

13. Conclusion

14. List of Abbreviations

15. Reference Links

SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.

The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.

SPER-Methodology-1

SPER-Methodology-2

SPER-Methodology-3

Frequently Asked Questions About This Report

How big is the Saudi Arabia Video Surveillance Market?

Saudi Arabia Video Surveillance Market is projected to reach USD 2.6 billion by 2033, growing at a CAGR of 9.48% during the forecast period.

What is the growth rate of the Saudi Arabia Video Surveillance Market?

Saudi Arabia Video Surveillance Market grew in Market size from 2024. The Market is expected to reach USD 2.6 billion by 2033, at a CAGR of 9.48% during the forecast period.

What is the anticipated CAGR of the Saudi Arabia Video Surveillance Market?

Saudi Arabia Video Surveillance Market CAGR of 9.48% during the forecast period.

How can I get a sample report on the Saudi Arabia Video Surveillance Market?

You can get the sample pages by clicking the link - Click Here

What is the Market size of the Saudi Arabia Video Surveillance Market?

Saudi Arabia Video Surveillance Market size is USD 2.6 billion from 2024 to 2033.

Which segment is expected to Saudi Arabia Video Surveillance Market?

Saudi Arabia Video Surveillance Market is covered By Component, By System Type, By End User.

Which region is expected to have the highest Market share in the Saudi Arabia Video Surveillance Market?

The Middle East is anticipated to have the highest Market share in the Saudi Arabia Video Surveillance Market.

Who are the key players in Saudi Arabia Video Surveillance Market?

The key players in the Market include Companies Covered Dahua Technology, Axis Communications, Hikvision, Honeywell Security, ZMR, Industrial Video & Control Co, Pelco, Avigilon Corporation, Hanwha Techwin, FLIR Systems.

What is the conclusion of the Saudi Arabia Video Surveillance Market?

A system called video surveillance allows the user to keep a close eye on a certain area while storing all the data and video on the device connected to it. To improve security, these systems are implemented by a variety of end users, including the infrastructure, commercial, military & defence, residential, industrial, and institutional sectors.