Saudi Arabia Access Control Market
Saudi Arabia Access Control Market, 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), Trend Analysis, Competitive Landscape & Forecast, 2019–2030
- Published Date: July 2024
- Report ID:
- Available Format: PDF
- Page: 200
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
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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
Attributes |
Details |
Years Considered |
Historical Data – 2019–2023 |
Base Year – 2023 |
|
Estimated Year – 2024 |
|
Forecast Period – 2024–2030 |
|
Facts Covered |
Revenue in USD Million |
Product/ Service Segmentation |
Offering, Service Market, Vertical |
Key Players |
ASSA ABLOY, HID Global, Honeywell, Bosch Security Systems, Siemens, Nedap, Dormakaba, Hikvision, Dahua Technology, Saudi Controls Ltd |
By Offering
-
Hardware
-
Software
-
Services
By Service Market
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Access Control as a Service (ACaaS)
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Hosted ACaaS
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Managed ACaaS
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Hybrid ACaaS
By Vertical
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Commercial
-
Military & Defense
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Government
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Residential
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Education
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Healthcare
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Manufacturing & Industrial
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Transportation
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Saudi Arabia Access Control Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Growing Security Concerns
- Increasing Urbanization and Smart Buildings
- Rising Adoption in New Verticals
- Restraints
- Privacy Concerns
- Cybersecurity Threats
- Opportunities
- Government Regulations and Compliance
- Cost-Effectiveness and Return on Investment (RoI)
- Challenges
- Lack of Awareness
- Skilled Workforce Shortage
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Saudi Arabia Access Control Market Marketing Strategies
- Saudi Arabia Access Control Market Overview
- Market Size & Forecast, 2019–2030
- By Value (USD Million)
- Market Share & Forecast
- 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
- By Offering
- Market Size & Forecast, 2019–2030
- Competitive Landscape
- List of Key Players and Their Offerings
- Saudi Arabia Access Control Company Market Share Analysis, 2023
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Escalating Geopolitical Tensions on Saudi Arabia Access Control Market
- Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
- ASSA ABLOY
- HID Global
- Honeywell
- Bosch Security Systems
- Siemens
- Nedap
- Dormakaba
- Hikvision
- Dahua Technology
- Saudi Controls Ltd
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumptions & Limitations
- Qualitative Research
*Financial information of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable
List of Figures
Figure 1 Saudi Arabia Access Control Segmentation
Figure 2 Saudi Arabia Access Control Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2023
Figure 4 Saudi Arabia Access Control Market Size, By Value (USD Million), 2019–2030
Figure 5 Saudi Arabia Access Control Market Share, By Offering, By Value, 2019–2030
Figure 6 Saudi Arabia Access Control Market Share, By Service Market, By Value, 2019–2030
Figure 7 Saudi Arabia Access Control Market Share, By Vertical, By Value, 2019–2030
List of Tables
Table 1 Saudi Arabia Access Control Market Size, By Value (USD Million), 2019–2030
Table 2 Saudi Arabia Access Control Market Size, By Offering, By Value, 2019–2030
Table 3 Saudi Arabia Access Control Market Size, By Service Market, By Value, 2019–2030
Table 4 Saudi Arabia Access Control Market Size, By Vertical, By Value, 2019–2030
Table 5 ASSA ABLOY Company Overview
Table 6 ASSA ABLOY Financial Overview
Table 7 HID Global Company Overview
Table 8 HID Global Financial Overview
Table 9 Honeywell Company Overview
Table 10 Honeywell Financial Overview
Table 11 Bosch Security Systems Company Overview
Table 12 Bosch Security Systems Financial Overview
Table 13 Siemens Company Overview
Table 14 Siemens Financial Overview
Table 15 Nedap Company Overview
Table 16 Nedap Financial Overview
Table 17 Dormakaba Company Overview
Table 18 Dormakaba Financial Overview
Table 19 Hikvision Company Overview
Table 20 Hikvision Financial Overview
Table 21 Dahua Technology Company Overview
Table 22 Dahua Technology Financial Overview
Table 23 Saudi Controls Ltd Company Overview
Table 24 Saudi Controls Ltd Financial Overview
Market Segmentation
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