Saudi Arabia Access Control Market is expected to grow at a robust CAGR 10.73%
Increase in Demand For
Housing and growing tourism and hospitality industry are one of the factors
driving the Saudi Arabia Access Control market during the forecast period 2024-2028.
According to TechSci Research report, “Saudi Arabia Access Control Market - By
Country, Competition, Forecast and Opportunities, 2018-2028” " the Saudi Arabia Access Control Market was valued at USD 281.65 million
in 2022 and is growing at a CAGR of 10.73% during the forecast period.
One of the key drivers propelling the growth
of the Access Control Market in Saudi Arabia is the escalating security
concerns across various sectors, including commercial, industrial, and
government. In an era marked by evolving security threats, access control
systems have become essential tools to protect people, assets, and sensitive
information. The Kingdom's commitment to safeguarding its critical
infrastructure, businesses, and public spaces has driven the adoption of
advanced access control solutions.
Security Concerns: Saudi Arabia faces a range
of security challenges, including threats related to terrorism, data breaches,
and unauthorized access to restricted areas. The need to address these concerns
has led to increased demand for robust access control systems that can control
and monitor physical and logical access effectively. Organizations are looking
for comprehensive security solutions that can adapt to dynamic threats and
provide real-time visibility into access events.
Regulatory Compliance: Saudi Arabia has
established strict regulatory frameworks and standards related to security and
data protection. Compliance with these regulations is mandatory for businesses
and government entities. Access control systems, which help organizations
adhere to regulatory requirements by managing and documenting access
permissions and events, have become a fundamental component of compliance strategies.
For instance, the Saudi Data Protection Law
(SDPL) mandates the protection of personal data, making access control systems
critical for securing sensitive information. As organizations strive to meet
these regulatory mandates, the demand for access control solutions that ensure
compliance continues to grow. Overall, the rising security concerns and the
need for regulatory compliance in Saudi Arabia are driving organizations to
invest in sophisticated access control systems, making security a primary driver
in the Access Control Market.
The rapid urbanization and ongoing
infrastructure development projects in Saudi Arabia are significant drivers of
the Access Control Market. As the Kingdom continues to experience population
growth and urban expansion, the need for efficient access control solutions in
both residential and commercial settings has surged.
Urbanization and Real Estate Development: Saudi
Arabia's urban population is on the rise, with more people moving to cities for
better opportunities and improved living standards. This urbanization trend has
led to an increased demand for secure access control systems in residential
complexes, apartment buildings, and gated communities. Access control solutions
are essential for ensuring the safety and privacy of residents.
Infrastructure Development: Saudi Arabia is
investing heavily in infrastructure development, including the construction of
smart cities, transportation hubs, and industrial zones. These projects require
robust access control systems to secure critical facilities, manage access
permissions, and monitor visitor traffic. Access control technology plays a
vital role in safeguarding these infrastructure investments.
Smart Cities: The Kingdom's commitment to
developing smart cities with integrated security and surveillance systems has
further boosted the demand for access control solutions. In smart cities,
access control is not limited to physical entry points but extends to digital
access, data protection, and IoT device management.
As Saudi Arabia continues its journey toward
modernization and urbanization, the Access Control Market is expected to
thrive. The market will benefit from the growing need for advanced access
control systems to secure residential, commercial, and critical infrastructure
developments, ensuring the safety and efficiency of these evolving urban
environments.
Browse over 43 market data Figures
spread through 122 Pages and an in-depth TOC on the "Saudi Arabia Access Control Market"
Saudi Arabia Access Control Market is
segmented into component, across control systems, type, deployment, industry vertical,
organization size and region.
Based on type, The Mandatory Access
Control (MAC) segment dominated the Saudi Arabia Access Control Market, with a
market share of 36.86% in 2022. This is due to its ability to provide a high
level of security by enforcing access control policies based on the sensitivity
of the information.
The increasing demand for security and
the adoption of new technologies are driving the need for the Mandatory Access
Control (MAC) type of access control.
The Saudi Arabia government is heavily investing in critical
infrastructure, such as power plants, water treatment facilities, and
transportation systems. This investment is fueling the demand for access
control systems to protect these critical assets from unauthorized access.
Mandatory Access Control (MAC) is a highly secure access control model that is
well-suited for protecting critical infrastructure. Mandatory Access Control
(MAC) can also support biometric authentication by enforcing access control
policies based on the biometric characteristics of users. This is why the MAC
segment is dominating the market with the largest market share.
Therefore, players in the Saudi Arabia
Access Control Market are suggested to focus on Mandatory Access Control (MAC),
as it is in high demand. As a result, the market is expected to grow during the
forecast period.
Based on deployment, The cloud is the
fastest-growing deployment mode in the Saudi Arabia Access Control Market with
the CAGR of 12.03% during the forecast period.
Access control technology has greatly
benefited from the convergence of cyber and physical domains. Now, physical and
cyber access restrictions work together, providing users with converged
credentials that minimize the risk of losing credentials and eliminate the need
for complex passwords. Additionally,
cloud-based communication enables remote monitoring of critical areas, while
password authentication secures IoT-based security systems. As a result,
IoT-based solutions have replaced traditional processes in various areas,
including smart alarm systems and garage door openers, leading to their
adoption in many businesses. As of February 2023, PwC Middle East and Microsoft
have strengthened their global partnership at LEAP in Riyadh to assist
government and corporate enterprises in Saudi Arabia with their digital
transformation and cloud migration journeys. The cooperation will focus on
cloud transformation, business process automation, and technology consultancy,
meeting the current and future needs of Saudi Arabian businesses. These
initiatives will help foster the growth of cloud-based deployment and further
drive the demand for access control in the nation.
Therefore, it is suggested that the major
market players in the Saudi Arabia Access Control Market focus on cloud-based
deployment for better market opportunities.
Key market players in the Saudi Arabia Access
Control Market are:-
- Honeywell
Turki Arabia Ltd.
- Dahua
Technology
- Screencheck
Saudi - Horizon Informatics Trading
- Bosch
Sicherheitssysteme GmbH
- ZMR
- Fortinet,
Inc.
- Sirar
- Avigilon
Corporation
- ABANA
Enterprises Group Co.
- 3S
System Security Solutions Co.
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“The
Saudi Arabia market is rising in the upcoming period and is expected to
maintain the double-digit CAGR during the upcoming years. The primary driver of
the Access Control Market in Saudi Arabia is the heightened focus on security
and regulatory compliance. With increasing security concerns and stringent data
protection regulations, organizations are investing in advanced access control
systems to safeguard physical and digital assets. Compliance with regulations
such as the Saudi Data Protection Law (SDPL) further fuels demand. Robust
access control solutions enable organizations to control access effectively,
protect sensitive information, and ensure adherence to regulatory mandates,
driving market growth.” said Mr. Karan Chechi, Research Director with TechSci
Research, a research-based global management consulting firm.
“Saudi Arabia Access Control Market By Component
(Hardware, Software), By Access Control Systems (Card Reader, Biometrics,
Others), By Type (Mandatory Access Control (MAC), Role-based Access Control
(RBAC), Discretionary Access Control (DAC), Attribute-based Access Control
(ABAC)), By Deployment (On-premises, Cloud), By Industry Vertical (Government, BFSI,
IT & Telecom, Healthcare, Others), By Organization Size (Large Enterprises,
SMEs), By Region, By Competition Forecast &
Opportunities, 2018-2028,” has evaluated the future growth
potential of Saudi Arabia Access Control
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 Saudi Arabia Access Control Market.
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