JSB Market Research : Saudi Arabia CCTV Market Forecast and Opportunities, 2019

Satisfactory Essays
Topics: Saudi Arabia
Saudi Arabia CCTV Market Forecast and
Opportunities, 2019
Released On 22nd July 2014

Saudi Arabia is emerging one of the fastest growing CCTV markets in Middle-East region. The demand for CCTV has increased on account of rising government initiatives, increasing IT spending, growth of hospitality sector and increasing IP infrastructure in the country. Saudi Arabia is an import driven country in electronic security systems market, where CCTV are primarily imported from countries such as China, Japan, US, Thailand, and Taiwan.
According to Saudi Arabia CCTV Market Forecast & Opportunities, 2019, the market revenues of Saudi Arabia CCTV market are forecast to grow at a CAGR of around 23% during 2014-19.Saudi Arabia CCTV market is dominated by analog based CCTV systems, which accounted for majority of market share in 2013.
Analog based CCTV systems are being preferred due to their ease of installation and low cost. However, the countrys CCTV market is witnessing a gradual shift towards IP based CCTV systems due to growing IP infrastructure in the country coupled with various benefits offered by these systems, such as remote monitoring capability, high reliability and easy accessibility through smart devices including
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tablets and smartphones. The Central region in Saudi Arabia holds the largest market share, in terms of revenue, with major cities such as Riyadh, Jeddah, Mecca and Medina driving the countrys CCTV demand. Technology improvements such as emergence of network/IP based CCTV systems and various other advancements in terms of cameras, software, storage devices, etc. are expected to further support the markets growth trajectory.
The market for CCTV systems in Saudi Arabia is benefiting from increasing adoption of IP based systems in various industries and enterprises,

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