GCC Smart Security Market

GCC Smart Security Market Overview

Smart security refers to an advanced security system that offers data safety and works as a preventive method against criminal activities. Smart security solution supports authorized monitoring, surveillance, and shielding against illegal activities in commercial spaces, residential buildings, and utility infrastructures prone to unauthorized access or damage. The smart security system includes IP surveillance cameras, wireless alarm, bio-metric access control system, smart cards, and integrated perimeter intrusion prevention systems, among others.

To have an edge over the competition by knowing the market dynamics and current trends of “GCC Smart Security Market,” request for Sample Report here

Major GCC Smart Security Market Drivers

The key factors driving the growth of the GCC smart security market include the increasing per capita income of the local population, growth in various infrastructure projects, and the rising rate of criminal activities in the region. In addition to this, the expanding consumer base and increasing urbanization will drive the demand for public safety in the region, thereby boosting the growth of the smart security market. The growing demand for smart security solutions across various industries including oil and gas, refining, petrochemical, aviation, logistics, and security among others, is expected to boost the market growth in the region. Additionally, growing infrastructure projects in the region is one of the primary factors to drive the market for the smart security.

Numerous residential and hospitality projects such as the NEOM city, Orchid Villas Project, InterContinental Hotel Project,  DoubleTree Hilton Hotel Project, Al Faisaliah City, New Jeddah Downtown, Al Noor City, Government Housing Plans, Oman’s Duqm Port, and Kuwait’s Silk City, in the region are further propelling the market growth. Moreover, the high incidence of cybercrime is contributing significantly to the demand for data security systems. This factor will further surge the demand for the smart security market in the GCC region. Furthermore, increasing innovation and enhancement in the security solutions that include smart locks, smart camera, smart alarms, self-monitored home security system, cloud -based video surveillance system, and others will trigger the growth and development of smart security market in GCC region during the forecast period. However, the high costs associated with the implementation of smart security solutions and services is a major factor hindering the growth of the GCC smart security market.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Based on the type, the market is segmented into smart intruder alarms, intelligent video surveillance, intelligent video analytics, smart cards, and others. Increasing investments by the government for the smart city and smart home projects, rising use of the mobile application, growing demand for cloud-based security services are some of the major factors contributing to the adoption of intelligent video surveillance cameras segment during the forecast period.

Based on solutions, the market has been segmented into surveillance systems, critical infrastructure, bio-metric & authentication system, and cyber security. Among these, the cyber security solution segment is anticipated to grow at a higher CAGR during the forecast period owing to the rising crime rates of data leakage and cyber-attack. Furthermore, the increasing rate of internet penetration, digitization, and growing automation across industries has also significantly contributed to the development of the smart cyber security market. The increasing adoption of video surveillance systems is mainly due to the rise in instances of criminal activities in various sectors, including residential, commercial, healthcare, transportation, education, and others are further driving the growth of the segment.

Based on the services, the market is segmented into support & maintenance services, cloud services, and consulting services. The Cloud services segment is projected to dominate the market during the forecast period. The cloud services help in protecting digital assets and data stored online from data theft, leakage, and deletion. It provides protection of data stored online via cloud computing platforms through firewalls, penetration testing, two-factor authorization, tokenization, virtual private networks (VPN), and others. In addition to this, the increasing cybercrime in the commercial and energy utility sector is further surging the growth of the segment.

Based on the application, the market is segmented into residential, commercial, and utility infrastructure. The residential sector segment is predicted to witness a higher CAGR during the forecast period. This is mainly due to the rising urbanization and the various smart city projects such as NEOM in the region. The increasing urban population in the region is surging the demand for a better and more efficient public safety system, which is expected to contribute to the growth of the market during the forecast period.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis

Based on the countries, the GCC smart security market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the rest of GCC. The growing public-private partnerships for the development of the petrochemical industry, residential, and commercial sector in Saudi Arabia and UAE is expected to drive the growth of the GCC smart security market during the forecast period. Furthermore, major projects including the NEOM city, InterContinental Hotel Project, DoubleTree Hilton Hotel Project, Orchid Villas Project, Al Faisaliah City, New Jeddah Downtown, Al Noor City, Government Housing Plans, Oman’s Duqm Port, and Kuwait’s Silk City, among others are anticipated to increase the demand for safety and security, thereby contributing to the growth of smart security market in the region.

Top Market Players

Various notable players operating in the market include Axis Communications AB, Robert Bosch GmbH, Honeywell International Inc., Nice S.p.A, Johnson Controls International plc, Cisco Systems, Inc., Anixter Inc., AxxonSoft, Telefonaktiebolaget LM Ericsson, and Schneider Electric, among others.

Segments covered in the Report:

The GCC Smart Security Market has been segmented on the basis of type, solutions, services, application, and countries. Based on type, the market is segmented into smart intruder alarms, intelligent video surveillance, intelligent video analytics, smart cards, and others. On the basis of solutions, the market has been segmented into surveillance systems, critical infrastructure (energy utilities, ports, airports, and railways), bio-metric & authentication system, and cyber security. Based on services, the market is segmented into support & maintenance services, cloud services, and consulting services. Based on application, the market is segmented into residential, commercial, and utility infrastructure. Based on countries, the market is segmented into UAE, Saudi Arabia, Oman, Kuwait, and the Rest of GCC.

For detailed scope of the “Smart Security Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is GCC Smart Security Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in GCC Smart Security Market? What will be the impact of drivers and restraints in the future?
  • Which solutions type generated maximum revenues in 2019 and identify the most promising solutions during the forecast period?
  • What are the various applications of GCC Smart Security Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Type, By Solutions, By Services, By Applications, By Countries
Regional Coverage	GCC
Companies Profiled	Axis Communications AB, Robert Bosch GmbH, Honeywell International Inc., Nice S.p.A, Johnson Controls International plc, Cisco Systems, Inc., Anixter Inc., AxxonSoft, Telefonaktiebolaget LM Ericsson, Schneider Electric, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation:

GCC Smart Security Market by Type

• • Smart Intruder Alarms
  • Intelligent Video Surveillance
  • Intelligent Video Analytics
  • Smart Cards
  • Others

GCC Smart Security Market by Solutions

• • Surveillance Systems
  • Critical Infrastructure
    • Energy Utilities
    • Ports, Airports & Railways
  • Bio-metric & Authentication system
  • Cyber Security

GCC Smart Security Market by Services

• • Support & Maintenance Services
  • Cloud Services
  • Consulting Services

GCC Smart Security Market by Application

• • Residential
  • Commercial
  • Utility Infrastructure

    GCC Smart Security Market by Countries

• • UAE Smart Security Market All-Up (Option 1: Free 25% Customization)
  • Saudi Arabia Smart Security Market All-Up (Option 2: Free 25% Customization)
  • Oman Smart Security Market All-Up (Option 3: Free 25% Customization)
  • Kuwait Smart Security Market All-Up (Option 4: Free 25% Customization)
  • Rest of GCC Smart Security Market All-Up (Option 5: Free 25% Customization)

GCC Smart Security Leading Market Players (Option 6: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Axis Communications AB
  • Robert Bosch GmbH
  • Honeywell International Inc.
  • Nice S.p.A
  • Johnson Controls International plc
  • Cisco Systems, Inc.
  • Anixter Inc.
  • AxxonSoft
  • Telefonaktiebolaget LM Ericsson
  • Schneider Electric