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Saudi Arabia $163 Million Video Surveillance Market 2017-2023: Forecast By Segments, Verticals, Regions and Competitive Landscape - Research and MarketsThe "Saudi Arabia Video Surveillance Market (2017-2023): Forecast By Segments, Verticals, Regions and Competitive Landscape" report has been added to Research and Markets' offering. Saudi Arabia Video Surveillance market is projected to reach $163 million by 2023. Projected growth in the construction market, upcoming new hotels & shopping malls along with increasing inflow of FDI in the construction and retail sectors are some of the key factors that are resulting in the overall growth of the video surveillance systems in Saudi Arabia. In the country's video surveillance market, the IP video surveillance segment accounted for majority of the market revenues owing to availability of supporting infrastructure and increasing installation in the government & transportation vertical. Saudi Arabia market registered a decline in demand during 2014-2016 due to deteriorating economic conditions owing to fall in oil prices; resulting in the overall decline in government spending. The market is anticipated to bounce back wth recovery of oil prices post 2017. Also, growing security concerns and rising crime rate in Saudi Arabia are further expected to propel the growth of video surveillance market during the forecast period. Markets Covered The report provides detailed analysis of the following market segments:
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/research/r6mbcl/saudi_arabia View source version on businesswire.com: http://www.businesswire.com/news/home/20171122005504/en/ |
