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Saudi Arabia Access Control Systems Market Forecast and Opportunities, 2020 - Increasing Demand for RFID Access Control Systems in the $1.2 Billion IndustryDUBLIN, May 27, 2015 /PRNewswire/ -- Research and Markets(http://www.researchandmarkets.com/research/9f9zrs/saudi_arabia) has announced the addition of the "Saudi Arabia Access Control Systems Market Forecast and Opportunities, 2020" report to their offering. The Kingdom's access control systems market is forecast to reach around USD1.2 billion by 2020 Government is continuously investing in large security projects, and consequently, the country's public sector has emerged as a rapidly growing end-use segment for access control systems in Saudi Arabia. Some of the other end-use industries propelling growth of advanced security systems include BFSI, transportation and oil & gas. Increasing security infrastructure spending coupled with growing incidences of criminal activities are expected to drive the country's access control systems market during the forecast period. Access Control Systems market in Saudi Arabia mainly comprises of access cards, biometrics based systems and controllers. The access control systems market in the country is demontrating signs of growth, owing to increasing government expenditure on security infrastructure in response to rising crime rate, fraudulence and terrorist attacks. Access control systems are being increasingly deployed across various verticals such as government, banking, and transportation in Saudi Arabia. At present, major players operating in the country's access control systems market include Bosch Security Systems, Johnson Controls, Siemens, Honeywell, Genetec, NEC Corporation, Nedap, IrisGuard, 3M Cogentand Cisco Systems.
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For more information visit http://www.researchandmarkets.com/research/9f9zrs/saudi_arabia Media Contact: Laura Wood , +353-1-481-1716, [email protected] To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/saudi-arabia-access-control-systems-market-forecast-and-opportunities-2020---increasing-demand-for-rfid-access-control-systems-in-the-12-billion-industry-300090122.html SOURCE Research and Markets |