DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Intrusion Detection Market (2017-2023): Forecast By Installations, Technology, Verticals, Regions and Competitive Landscape" report has been added to Research and Markets' offering.
Saudi Arabia Intrusion Detection market is projected to grow at a CAGR of 18.1% during 2017-2023.
Growing security concerns, increasing construction market, expansion of metro & airport projects, upcoming new hotels & shopping malls coupled with government regulations for compulsory installation of intrusion detection systems across all new projects are some of the key factors that are resulting in the overall growth of intrusion detection systems market in Saudi Arabia. Further, growth in infrastructure spending would lead to high installation of intrusion detection system over the next six years.
Intrusion detection market registered a steady growth until 2014, however, the market declined after 2014 due to slump in oil prices, resulting in reduced government spending across various sectors. Though, the market would recover post 2017 due to expected rise in oil prices, ensuing increased government spending to support establishment of new industries related to IT and infrastructural development projects.
The Central region accounted for largest revenue share, followed by the Eastern region in 2016. Growing installation in the commercial vertical would result in an increase in deployment of intrusion detection system in the region. Some of the key players in Saudi Arabia intrusion detection systems market include-Alhamrani Universal Company Limited, Arecont Vision LLC, Azad Tech, Bosch Security Systems, Honeywell, Interlogix, Optex Group, Pelco, Siemens Ltd, Tyco Electronics Corporation.
The report thoroughly covers the Saudi Arabia Intrusion Detection market by types, installation, technology, verticals and regions. The report provides an unbiased and detailed analysis of the on-going trends, opportunities high growth areas, market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
The report provides detailed analysis of the following market segments:
- Fiber Optics Sensors
- Microwave Sensors
- Infrared Sensors
- Banking & Financial
- Government & Transportation
- Industrial & Manufacturing
- Hospitality & Healthcare
- Alhamrani Universal Company Limited
- Arecont Vision, LLC
- Azad Tech.
- Bosch Security Systems
- Honeywell International Inc.
- Optex Group Co., Ltd.
- Pelco, Inc
- Siemens Ltd.
- Tyco Electronics Saudi Arabia Limited
For more information about this report visit https://www.researchandmarkets.com/research/9cd75t/saudi_arabia