|
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.
Need For Security
Security systems can be as easy as a video camera or
as complicated as a biometric system, all with the intention of monitoring, detecting,
and recording incursion. Closed circuit television (CCTV) cameras, burglar
alarm systems, and access control systems have become household names as
digital surveillance tools. Intellectual property (IP)-based surveillance
technology, touted as the future of surveillance systems, has replaced closed
circuit analog systems.
Living standards of people have improved as a result
of rising urbanization and increasing foreign investments, which have increased
their use of security systems. The Government of Saudi Arabia has issued strict
regulations and guidelines for the security of children within school premises,
including installing cameras and other security solutions and services. The
government has also laid emphasis on the growing need for women's safety by
installing CCTVs in public areas, buses, etc.
Foreign direct investment (FDI) plays a critical role
in modifying society and improving economic development. This further promotes
the acceptance of new technologies in a developing society. Thus, advocates of
modern surveillance technologies such as HD video cameras, are likely to expand
the Saudi Arabia security system integrators market.
Saudi Arabia Security System Integrators Market:
Challenges
Lack of Skilled Cybersecurity Professionals in
Enterprises
In an increasingly digitized landscape, where cyber
threats continue to evolve in complexity and frequency, the demand for skilled
experts proficient in safeguarding critical information and systems has grown
exponentially. As organizations in Saudi Arabia endeavor to fortify their
cybersecurity defense, the shortage of qualified cybersecurity professionals
poses multifaceted challenges. Firstly, the lack of skilled personnel limits
the ability of security system integrators to effectively design, deploy, and
manage sophisticated security solutions. Without adept professionals to assess
vulnerabilities, develop robust strategies, and respond to breaches, the
overall cybersecurity posture of enterprises is compromised.
Moreover, the deficit in skilled cybersecurity workforces
hinders the implementation of sophisticated technologies such as artificial
intelligence and machine learning for threat detection and mitigation. These
technologies need specialized expertise to fine-tune algorithms, interpret
results, and adapt to evolving threats. The shortage thus limits the full
potential of these tools in bolstering cyber defenses.
Furthermore, the competitive landscape for
cybersecurity talent further exacerbates the challenge. The demand for such
professionals extends beyond individual enterprises to governmental entities,
financial institutions, and technology companies, intensifying the struggle to
recruit and retain qualified personnel. This demand-driven competition drives
up the costs of hiring and retaining cybersecurity experts, potentially
straining budgets for security system integrators.
Therefore, the shortage of skilled cybersecurity
professionals poses a formidable challenge for the Saudi Arabia Security System
Integrators Market.
Ethical Concerns
Security system integrators are being used in both
public and private domains. For instance, a video surveillance system is used
where security is of utmost importance in places such as highways, parks,
transportation platforms, retail stores, and financial and educational
institutions. However, these security systems have also been viewed as
violating privacy and are opposed by various civil liberties groups and
activists. There have been increasing concerns about who watches the video and
how it might be misused because people expect their personal information to be
used only for legitimate and specific purposes.
Saudi Arabia depends heavily on video surveillance as
a tool to bout crime and inhibit terrorism, and the public is used to see closed-circuit
television (CCTV) cameras on every single street. There has been rising
pressure on the government to accelerate the implementation of video
surveillance to shield citizens against the threat of terror attacks.
Recent
Developments
- In
March 2023, Google invested USD 450 million in home security company ADT, in
which the two companies finally have an integrated offering for customers
looking for a DIY smart security setup. ADT’s Self Setup system will now
integrate with Google Nest devices, including its video doorbell and indoor and
outdoor cameras.
- In
March 2023, Convergint announced the results of its first annual Voice of the
Customer Benchmarking Survey, which revealed that the role of physical security
professionals has grown increasingly complex, now requiring intensive IT skills
in areas such as cybersecurity and cloud computing.
- In
March 2023, Axis Communications and Genetec announced a partnership to deliver
a new physical security system for businesses. The partnership between Axis and
Genetec provides a flexible, user-friendly solution that allows integrators to
benefit from easy-to-deploy high-quality hardware pre-loaded with one of the
industry’s most innovative access control software, removing friction
associated with traditional software/hardware integrations.
Market
Segmentation
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 Northern & Central Region, Eastern Region, Southern Region
and Western Region.
Market Players
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, and
Deloitte Saudi Arabia are some of the major market players in the Saudi Arabia security system
integrators market.
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic Data
|
2018 – 2022
|
|
Estimated Year
|
2023
|
|
Forecast Period
|
2024 – 2028
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2018-2022
and 2023-2028
|
|
Report coverage
|
Revenue forecast,
company share, growth factors, and trends
|
|
Segments covered
|
Security Type
Organization Size
Industry Vertical
Region
|
|
Regional Scope
|
Northern &
Central Region, Eastern Region, Southern Region, Western Region
|
|
Key companies profiled
|
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
|
|
Customization scope
|
10%
free report customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research needs.
Explore purchase options
|
|
Delivery Format
|
PDF
and Excel through Email (We can also provide the editable version of the report
in PPT/Word format on special request)
|
Report Scope:In this report, Saudi Arabia security system
integrators market has been
segmented into following categories, in addition to the industry trends which have
also been detailed below:
- Saudi Arabia Security System
Integrators Market, By Security Type:
- Application
Security
- Endpoint
Security
- Network
Security
- Data
Security
- Business
Continuity & Disaster Recovery
- Risk
& Compliance Management
- Saudi Arabia Security System
Integrators Market, By Organization Size:
- Small
& Medium-Sized Enterprises
- Large
Enterprises
- Saudi Arabia Security System
Integrators Market, By Industry Vertical:
- Government
- Aerospace
& Defense
- Healthcare
- Manufacturing
- Retail
- Energy
& Utilities
- IT
& Telecom
- Others
- Saudi Arabia Security System
Integrators Market, By Region:
- Northern & Central Region
- Eastern Region
- Southern Region
- Western Region
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in
the Saudi Arabia security system integrators market.
Available Customizations:
Saudi Arabia security system integrators market with the given market data, TechSci Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
·
Detailed analysis
and profiling of additional market players (up to five).
Saudi Arabia Security System Integrators Market is an upcoming report to be released
soon. If you wish an early delivery of this report or want to confirm the date of
release, please contact us at [email protected]