Report Overview

Growing security concerns driving the rapid adoption of access control equipment, solutions, and services in an increasing number of smart buildings are expected to boost the growth of Saudi Arabia Access Control Market during the forecast period between 2024 and 2030.

Saudi Arabia Access Control Market - Industry Trends & Forecast Report, 2030

Saudi Arabia Access Control Market size was estimated to be worth USD 137 million in 2023. During the forecast period between 2024 and 2030, Saudi Arabia Access Control Market size is projected to grow at a CAGR of 8.59%, reaching a value of USD 242.9 million by 2030. Major growth factors for Saudi Arabia Access Control Market include the increasing need for advanced security systems and the rising adoption of cloud computing platforms and IoT-based security systems. In addition, the development of smart cities and buildings under Vision 2030 is anticipated to drive the Saudi Arabia Access Control Market during the period in analysis.

Access Control – Overview

Access control is a security measure that limits who or what is allowed to access or utilize resources in a computer system. Its goal is to lower the danger of illegal infiltration while facilitating quick access for authorized users and allowed guests, protecting a facility and its residents, data, and assets. It also involves controlling and monitoring how resources and people move within restricted zones. Mandatory Access Control is frequently used to handle sensitive data that needs a high level of security because of its high, centralized level of control.

Saudi Arabia Access Control Market

Growth Drivers

Rapid Urbanization and Growing Popularity of Smart Buildings

Saudi Arabia is increasingly investing in smart cities and has launched several smart building projects. Some of the most ambitious smart city projects has been launched in several cities, including Riyadh, Madinah, Al-Ahsa, and Neom City. It is anticipated to boost the demand for access control during the forecast period. The Kingdom has one of the most advanced security systems in the world to ensure the safety of its citizens. Due to its ability to regulate and oversee access to sensitive regions, buildings, and facilities, access control systems are essential to the security of these settings. The need for access control systems is anticipated to grow with urbanization and industrialization in the region, propelling the market's expansion.

Challenges

High Installation and Maintenance Costs

Access control is equipped with various technologies, such as smart cards, smartphone systems, keypads, and biometrics, with a wide range of features. However, these technologies come with high prices, which acts as a major limiting factor for the growth of Saudi Arabia Access Control Market. The typical cost of an access control system for each door is between USD 1,500 and USD 3,000. In addition to this, the cost of these systems increases with every add-on security, such as intercom or buzzer systems, card-based systems, and biometrics.

Impact of Escalating Geopolitical Tensions on Saudi Arabia Access Control Market

Escalating geopolitical tensions across the Middle East can spur the demand for access control equipment, services, and solutions. Safety uncertainties stemming from political and economic instabilities may force stakeholders to strengthen protective measures on their premises. Uncertain times influence safety behaviors and behavioral patterns at personal and professional levels. To thwart unwanted conflicts, people and organizations prioritize implementing robust access control systems and solutions in their buildings. Maintaining stringent safety standards becomes crucial in times of political and economic uncertainties. Hence, geopolitical tensions are expected to drive Saudi Arabia Access Control Market.

Saudi Arabia Access Control Market

Segmental Coverage

Saudi Arabia Access Control Market – By Offering

Based on the offering, Saudi Arabia Access Control Market is segmented into hardware, software, and services. The services segment holds the largest share in Saudi Arabia Access Control Market. The services include installation, software updates, repair, cabling, and others. Access control services facilitate smooth tradition in the implementation and integration of access control hardware and software from traditional systems. These services are essential to making sure that systems perform at their best and offer advantages in terms of comfort and security. However, over the forecast period, the hardware segment is expected to grow at the fastest CAGR in Saudi Arabia Access Control Market by offering.

Saudi Arabia Access Control Market – By Service Market

On the basis of service market, Saudi Arabia Access Control Market is segmented into access control as a service (ACaaS), hosted ACaaS, managed ACaaS, and hybrid ACaaS. The managed ACaaS segment accounts for the largest market share owing to its cost efficiency. Managed ACaaS is an access control platform administered by a third party on behalf of the user. The third-party handles all of the services, such as adding and removing access rights, scheduling changes and assignments, badge and credential printing, and door ajar/popped monitoring. With a subscription-based model, managed ACaaS is more affordable for businesses than traditional on-premise systems because it only costs for the features and services that are used.

Saudi Arabia Access Control Market – By Vertical

Based on vertical, Saudi Arabia Access Control Market is segmented into commercial, military & defense, government, residential, education, healthcare, manufacturing & industrial, and transportation. The residential segment dominates Saudi Arabia Access Control Market. Access control is gaining traction in the residential sector to enhance building security and provide only authorized persons to gain access to the building or particular room. This technology is playing a major role in addressing security concerns and controlling the crime rate in the Kingdom, which drives its market growth.

Competitive Landscape

Key players in the highly competitive Saudi Arabia Access Control Market include ASSA ABLOY, HID Global, Honeywell, Bosch Security Systems, Siemens, Nedap, Dormakaba, Hikvision, Dahua Technology, and Saudi Controls Ltd. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Recent Developments

• In August 2023 – Axis Communications, a network cameras, access control, and network audio device company based in Sweden, announced AlJammez Technologies as its newest distribution partner in Saudi Arabia.

Scope of the Report

By Offering

• Hardware

• Software

• Services

By Service Market

• Access Control as a Service (ACaaS)

• Hosted ACaaS

• Managed ACaaS

• Hybrid ACaaS

By Vertical

• Commercial

• Military & Defense

• Government

• Residential

• Education

• Healthcare

• Manufacturing & Industrial

• Transportation