Saudi Arabia Security System Integrators Market to be Dominated by Large Enterprises through 2028

Rapidly increasing digitalization and rising number of cyber threats and attacks will drive the growth of the Saudi Arabia security system integrators market during the forecast period.

According to TechSci Research report, “Saudi Arabia Security System Integrators Market – By Region, Competition, Forecast, & Opportunities, 2018–2028”, the Saudi Arabia security system integrators market is anticipated to register a robust growth during the forecast period due to rapid monetary development, digitalization, acceptance of the IoT (internet of things), and cloud-based systems. Thus, to inhibit unauthorized intrusions and access, the demand for security system integrators is rapidly growing. Also, increasing defense modernization programs to strengthen the nation's safety and security and increasing demand for security architecture due to growing smart city development activities across the country are the main factors that are expected to drive the growth of Saudi Arabia security system integrators market during the forecast period.

The acceptance of wireless technology is rapidly growing with progressing technologies such as internet of things (IoT), cloud computing, and big data. These technologies have expanded the development of sophisticated wireless security systems such as wireless access control systems and wireless fire detection systems. Growing home automation and smart city developments are enhancing the adoption of advanced security architecture.

Moreover, growing technologies such as 5G and AI are driving the expansion of advanced home automation infrastructure. Along with these advanced technologies, the security system integrators have the control of all home electronic products from mobile phones to inhibit accidents, thus increasing home safety and security. With wireless technology, the monitoring of border checkpoints can also be improved. Besides, the end-user can be able to monitor the house, industries, and patient health from remote locations just by taking access to closed-circuit television (CCTV) cameras that are installed in earlier mentioned locations. Therefore, the acceptance of wireless security systems has improved the performance of security system integrator solutions.

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The Saudi Arabia security system integrators market is segmented into security type, organization size, industry vertical, and region. Based on security type, the market is segmented into application security, endpoint security, network security, data security, business continuity & disaster recovery, and risk & compliance management. Based on organization size, the market is segmented into small & medium-sized enterprises and large enterprises. Based on industry vertical, the market is segmented into government, aerospace & defense, healthcare, manufacturing, retail, energy & utilities, IT & telecom, and others. Based on region, the market is segmented into North America, Asia-Pacific, Europe, Middle East & Africa, and South America.

Based on industry vertical, retail is anticipated to expand at a higher CAGR during the forecast period due to expanding digitalization in the retail segment and expanding investments. Due to increasing acceptance of several advanced technologies and expanding investments in the banking sector, the Saudi Arabia security system integrators market is expected to grow during forecast period. Based on organization size, the small & medium-sized enterprises segment is anticipated to expand at a higher CAGR during the forecast period, due to a growing number of data breaches on enterprise cloud-based applications, as well as rise in the sophistication level of cyber-attacks. However, it is anticipated that the market for security system integrators will be dominated by large enterprises. Due to their extensive IT infrastructures and geographically dispersed locations, large enterprise was among the first to use security system integration services.

Major market players operating in the Saudi Arabia security system integrators market are:

·         Hewlett Packard Enterprise (HPE) Saudi Arabia

·         IBM Saudi Arabia

·         Accenture Saudi Arabia Limited

·         Cognizant Saudi Arabia

·         HCL Arabia LLC

·         Wipro Arabia Ltd.

·         Cipher Solutions Company for Telecom And Information Technology

·         Vision & Innovation

·         Anchor Technologies Inc

·         Deloitte Saudi Arabia

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“The smart city development activities contain the growth of commercial places and buildings, government areas, industrial areas, highways, and airports, among others. The video supervision system includes hardware and software components such as CCTV cameras, storage devices, monitors, TV, and video management software, among others. The continuous monitoring of commercial assets, personal resources, and other multiple structures that require protection are possible with CCTV cameras. Therefore, increasing criminal activities have intensified the demand for video surveillance systems for continuous monitoring.

Moreover, beneath the smart city development activities, the installation of fire detection systems is compulsory in commercial buildings and lifts to guard human life and infrastructure. Furthermore, progressing artificial intelligence (AI) technology and rising use of internet of things (IoT) and cloud computing technologies are expected to drive the adoption of access control systems. Therefore, the increasing capital spending in and extension of smart cities are mounting the demand for high-level security and safety, thereby driving the growth of this market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

“Saudi Arabia Security System Integrators Market - By Security Type (Application Security, Endpoint Security, Network Security, Data Security, Business Continuity & Disaster Recovery, and Risk & Compliance Management), By Organization Size (Small & Medium-Sized Enterprises, Large Enterprises), By Industry Vertical (Government, Aerospace & Défense, Healthcare, Manufacturing, Retail, Energy & Utilities, IT & Telecom, and Others), and By Region, Competition, Forecast, & Opportunities, 2018-2028,” has evaluated the future growth potential of the Saudi Arabia security system integrators market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Saudi Arabia security system integrators market.

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