Saudi Arabia access control systems market to reach $1.2B by 2020, says report
TechSci Research has published a new report entitled, “Saudi Arabia Access Control Systems Market Forecast and Opportunities, 2020,” which forecasts the market to reach around USD$1.2 billion by 2020.
The Saudi Arabian government is continuously investing in large security projects, while the country’s public sector is quickly growing into a large end-use market for access control systems.
Access control systems market in Saudi Arabia mainly consists of access cards, biometrics based systems and controllers.
The country’s access control systems market is showing strong signs of growth, which can largely be attributed to increasing government expenditure on security infrastructure in an effort to curb the rising crime rate, cases of fraud and terrorist attacks, according to the report.
Additionally, the report finds that access control systems are being increasingly deployed across a range of verticals including government, banking, and transportation in Saudi Arabia.
Currently, the access control systems market’s major players include Bosch Security Systems, Johnson Controls, Siemens, Honeywell, Genetec, NEC Corporation, Nedap, IrisGuard, 3M Cogentand Cisco Systems, said the report.
The report discusses various aspects of the access control systems market in Saudi Arabia, including integrating physical access control systems with IT security, growing adoption of wireless locks, increasing adoption of IP-enabled devices, the shift towards biometrics based access control systems, and the increasing demand for RFID access control systems.
Additionally, the report provides a global access control systems market overview and forecast through 2020, market dynamics, market trends and developments, policy and regulatory landscape, an economic profile of Saudi Arabia on a whole, a breakdown of its competitive landscape, and strategic recommendations.
Previously reported, as part of the second phase of Saudi Arabia’s initiative to collect biometric data from foreign residents, all visitors will now be required to submit fingerprints and biometrics when entering Saudi Arabia and/or upon the renewal of their dependent’s identification card.