Though, the economic conditions in relation to increasing oil prices backed by the upcoming government initiatives such as ‘Saudi Vision 2030’ and ‘National Transformation Program’ would positively influence the demand for video surveillance systems, making government and commercial sectors as the major contributors to the video surveillance market growth. Additionally, the upcoming construction projects such as Jabal Omar, Amaala, Ad Diriyah and several others would trigger the demand for surveillance systems during the forecast period.

According to Prateek Gupta, Senior Research Analyst, 6wresearch, “On the basis of the camera type, IP cameras accounted for a major share in terms of revenue during 2019 in the Saudi Arabia video surveillance systems market owing to increasing demand for high quality secured surveillance cameras, digital zooming capability, lower operational and infrastructure cost, ease of data distribution, easy installation and declining prices of IP video surveillance systems had attributed to the IP video surveillance market growth.”

“IP video surveillance systems offer an edge over analogue cameras as they are capable of sending their signal over a network, which allows for greater transfer of information than an analogue signal sent to a DVR, contributing to the IP video surveillance market growth.” Prateek further added.

According to Akansha Chopra, Research Associate, 6wresearch, “On the basis of applications, the commercial segment is expected to dominate in terms of revenue during 2019. The rising incidents of ATM thefts, suspicious ATM withdrawals, and fraudulent activities in banks and financial institutions would drive the need for adequate security measures, which is expected to bolster the deployment of video surveillance systems in the commercial segment.”

Some of the major companies in the Saudi Arabian video surveillance systems market named by the researchers include, Johnson Controls, Bosch Middle East FZE and Axis Communications, amongst others.

The Saudi Arabia Video Surveillance Systems Market report covers information from 2020 to 2026 and provides an in-depth analysis, estimates and forecasts for the overall market by component types and applications.