|
Forecast
Period
|
2024-2028
|
|
Market
Size (2022)
|
USD
2.11 Billion
|
|
CAGR
(2023-2028)
|
8.48%
|
|
Fastest
Growing Segment
|
Manufacturing
|
|
Largest
Market
|
Northern & Central Region
|
Saudi Arabia security system integrators market is
expected to grow during the forecast period. The rapidly increasing
digitalization and growing complication with respect of mergers and acquisitions
are among the major factors driving the Saudi Arabia security system
integrators market.
A
security systems integrator specializes in bringing together subsystems into a
whole and making sure that those subsystems function together. When the goal is
physical security, those subsystems might be video surveillance, access
control, intrusion, emergency notification, computer networks, and more.
Saudi Arabia Security System Integrators Market:
Drivers & Trends
Growing Demand for Electronic Security Solutions
The growing trend of smart cities in Saudi Arabia is
contributing significantly to the growth of the market. Saudi Arabia’s
government and public sector initiatives account for the largest share of the
market, as government increasingly use advanced technological solutions for
criminal detection and surveillance, increasing the demand for solutions such
as surveillance, access control, alarming, or intrusion control to a facility
or an area. The demand for security system integrators arrangements in Saudi
Arabia has increased dramatically. In Saudi Arabia, the need for security
arrangements has grown manifold. There has been significant investment in
large-scale infrastructure projects, industrial setups, and various urban
landscape developments such as industrial complexes, offices, and IT parks.
Smart cities provide efficient transportation
facilities, traffic management systems, smart grids, better healthcare
facilities, and also adopt advanced technologies in the construction process.
The constantly increasing urban population is attracting investments toward the
development of smart cities, which will demand the adoption of electronic
security systems due to their ability to provide faster, real-time data for
better safety and security.
Terrorism has compelled the government to take drastic
measures to protect its population, including the promotion of technology-based
security systems. To avoid the dreadful consequences of crimes, an increasing
number of people have begun to install video surveillance cameras, intrusion
alarm systems, and other types of security solutions.
The amount of online or internet crimes is on the
rise, necessitating the use of internet monitoring systems, IP-based
surveillance, and access control systems. Various government agencies have
increased their investments in security systems. A wide selection of electronic
security systems is available to meet individual needs in various price ranges,
which is expected to fuel the growth of the Saudi Arabia security system
integrators market during the forecast period.
Augmented Demand for IP Cameras
The rapid evolution from analog cameras to Internet
Protocol (IP) cameras transformed the adoption of video surveillance solutions,
with improvements, such as sharper, high-definition digital images and
advancements in video analytics and neuro networks. As IP cameras transfer
truly digital signals, they offer greater video detail, which makes them more appropriate
for facial recognition or detecting license plate numbers.
The expansion in production of IP cameras led to a decline
in prices and progressively widespread adoption. The integration of software
solutions into video supervision makes it feasible to perceive unexpected and
unattended objects or packages, path tracking, line crossing, and detecting
grab and run actions.
These integrations are also supported in the
capability of raising alarms, thereby reducing the need for security guard
patrols. Facial recognition software and integration with advanced systems
proved effective in identifying suspicious individuals.
The Saudi Arabian government has been focusing on
public projects, including the installation of video surveillance equipment for
city surveillance, traffic monitoring, railways, and education. The enhancing
demand for modern security technologies in industrial facilities to make sure
the safety and security of workers is extending the need for IP cameras. The
industries are concerned for the health and safety of their employees, owing to
the rise in industrial accidents and injuries.
IP surveillance solutions also help manufacturing
industries monitor crucial areas, such as assembly sections, boilers, and
condensers, where high chances of accidents are being witnessed. Additionally,
it helps operators monitor the production process and optimize business
operations.