Market Insights

As per recent research by MarkNtel Advisors, 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.

Saudi Arabia Video Surveillance Market Driver

Government Mandates & Security Concerns to Drive the Saudi Arabia Video Surveillance Market – The Video Surveillance Market in Saudi Arabia is experiencing a notable upswing, primarily due to ascending security concerns. These concerns, whether in public spaces or private sectors, have created a strong demand for video surveillance systems.

Organizations, government agencies, and individuals are increasingly recognizing the pivotal role that surveillance technology plays in bolstering security & preventing unexpected incidents. Due to this, the government of Saudi Arabia has been updating the video surveillance regulations to integrate the monitoring of any criminal activity in the country. For instance, in 2022, Saudi Arabia’s Council of Ministers approved a new regulation mandating the installation of surveillance systems in all public areas of hotels, residential buildings, sports clubs, stadiums, and mosques. These mandatory regulations are instrumental in safeguarding assets, ensuring public safety & fostering a heightened demand for video surveillance solutions in the country.

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Market Segmentation and Consumer Behavior:

By Component

• By Camera
  • Fixed Camera
  • Pan/Tilt/Zoom (PTZ) Cameras
  • Others (Thermal, Panoramic, etc.)
• By Connectivity Type
  • Wired
  • Wireless
• 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)

By Enterprise Size

• Small
• Medium
• Large

By Customer Type

• B2B
• B2C

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Saudi Arabia Video Surveillance Market Geographical Analysis:

By Region:

• East
• West
• North
• South

Key Players and Competitive Strategies in the Saudi Arabia Video Surveillance Market

Several prominent players dominate the Saudi Arabia Video Surveillance Market, including:

• 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

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Questions Addressed in this Study

1.What factors are driving the Saudi Arabia Video Surveillance Market growth?

2.How is the Saudi Arabia Video Surveillance Market expected to grow over the next five years?

3.What are the key insights into the current trends in the Saudi Arabia Video Surveillance Market?

4.What is the current size of the Saudi Arabia Video Surveillance Market, and how is it projected to change in the future?

5.What is the future outlook for the Saudi Arabia Video Surveillance Market in terms of technological advancements and market expansion?

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