Saudi Arabia Biometrics Market (2018-2024)-6Wresearch
During 2014-16, Saudi Arabia biometrics market witnessed steep drop in demand owing to declining oil prices and deteriorating economy. However, post 2017, the market witnessed growth attributed to reviving investments in various infrastructure projects, Saudi Vision 2030 along with recovery of the oil prices.
According to 6Wresearch, Saudi Arabia Biometrics market revenues are projected to cross $52.9 million by 2024. Government initiatives along with rapid urbanization, and rising need for advanced vigilance systems are likely to emerge as the key drivers for the growth of Saudi Arabia biometrics market over the coming years. In terms of domestic manufacturing, currently, the market is at a niche stage; with over 85% of the total revenues coming from foreign players. Saudi Arabia biometrics market recorded miniscule share of local players in the overall market.
Explore Press Release : http://www.6wresearch.com/press-releases/saudi-arabia-biometrics-market-ksa-share-forecasts-size-growth-opportunity-shipments-cagr-players-trends-news-company-profile.html
According to Rishi Malhotra, Sr. Research Analyst, Research and Consulting, 6Wresearch, "Government & Transportation sector held majority of the revenue share in 2017 on account of greater number of government infrastructure projects including construction of roads, airport, metro, ports, and power plants."
"However, during the forecast period, the Hospitality & Healthcare sector is expected to record highest growth owing to ongoing construction activities, along with upcoming events in the country including Global Health Exhibition and Formula E World Championship," Rishi further added.
According to Siddhant Sharma, Research Analyst, Research and Consulting, 6Wresearch, "in terms of technology, fingerprint recognition segment held the highest revenue share in 2017 on account of higher installation in Commercial Offices, Government & Transportation, and Hospitality & Healthcare verticals."
"Moreover, amongst all regions in 2017, the Western Region held major revenue share and is expected to maintain its leadership during the forecast period. The regional growth is mainly attributed to ongoing/upcoming infrastructure projects including commercial buildings and transport development. The region also includes Makkah and Madinah- center for Islamic pilgrimage, resulting as a key driving factor for higher adoption for biometrics solutions," Siddhant concluded.
Some of the major players in Saudi Arabia biometrics market includes- Suprema LLC, ZK Technology, Assa Abloy Group, M2SYS Incorporation, 3M Cogent, Precise Biometrics, NEC Corporation, Morpho SA, and Aware LLC.
"Saudi Arabia biometrics Market (2018-2024)" provides an in-depth analysis with 73 figures and 11 tables covered in more than 130 pages. The report estimates and forecast the overall Saudi Arabia biometrics market by technology, applications, verticals, and regions. The report also offer an unbiased and detailed analysis of the on-going trends, opportunities/high growth areas and market drivers which would help the stakeholders to device and align their market strategies according to the current and future market dynamics.
For Sample Pages & Detailed Report Description Visit : http://www.6wresearch.com/market-reports/saudi-arabia-biometrics-market-2018-2024-forecast-by-technology-fingerprint-facial-iris-hand-palm-multimodal-voice-vein-applications-verticals-regions.html
6Wresearch is the premier, one stop market intelligence and advisory center, known for its best in class business research and consulting activity. We provide industry research reports and consulting service across different industries and geographies which provide industry players an in-depth coverage and help them in decision making before investing or enter into a particular geography.
1107-1108, PEARLS BEST HEIGHTS
TOWER 1, NETAJI SUBHASH PLACE
PITAMPURA, New Delhi-110034
Web : http://www.6wresearch.com
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Saudi Arabia Biometrics Market (2018-2024)-6Wresearch here
News-ID: 1112655 • Views: 190
More Releases from 6Wresearch- Market Intelligence Solutions
India Building Automation and Control Market (2017-23)
Market Forecast by Types (HVAC (Thermostat Controller, Zone & Climate Control, Temperature Sensor and Others), Lighting & Control System (Relay System & Controllable Breaker, Sensors & Dimming Systems and Others), Safety & Security System (Video Surveillance Systems, Access Control Systems, Intrusion Detection Systems and Fire & Safety Equipment) and Others), Verticals (Government & Transportation, Retail, Commercial Offices, Residential, Healthcare & Hospitality and Others), Regions (Northern, Eastern, Western and Southern) and
India Dishwasher Market (2018-2024)
Market Forecast By Type (Free-Standing and Built-in), By Applications (Residential and Commercial), By Distribution Channels (Multi Branded Stores, Exclusive Stores and Others), By Regions (Northern, Eastern, Western and Southern) and Competitive Landscape. India dishwasher market is exhibiting a steady growth within the country. Currently, the market is categorized as a niche segment, however, with growing product awareness amongst consumers, the market is anticipated to gain acceleration over the coming years. Increasing
Australia UPS Systems Market (2018-2024)
Market Forecast By KVA Ratings (Up to 1 KVA, 1.1-5 KVA, 5.1-20 KVA, 20.1-50 KVA, 50.1-200 KVA and Above 200 KVA), By Applications (Residential, Industrial and Commercial including Offices, Healthcare, BFSI, Hospitality, Education, Data Center and Others), By Regions (New South Wales, Southern Australia, Western Australia, Queensland, Tasmania, Victoria and Northern Territory Australia) and Competitive Landscape. According to 6Wresearch, Australia UPS Market Size is projected to grow at a CAGR of
India Diesel Generator Rental Market (2017-2023)
Market Forecast By kVA Rating (5 kVA-75 kVA, 75.1 kVA-375 kVA, 375.1 kVA-750 kVA, 750.1 kVA-1000 kVA and Above 1000 kVA), By Applications (Mining, Oil & Gas and Power Utilities, Commercial including Hospitality, BFSI, IT & ITES, Manufacturing, Telecom, Residential and Others including Government, Education, Transportation and Defense), By Countries (South Africa, Angola, Kenya, Nigeria, Egypt, Uganda, Ghana, Algeria, Tanzania and Rest of Africa including Libya, Sudan, Morocco and Cameroon)
More Releases for Saudi
Saudi Arabia Infrastructure Research Report
The report provides a detailed analysis of the Infrastructure sector in Saudi Arabia, including the state of current infrastructure, the regulatory and financing landscapes, forecast spending across all key sectors and the major projects in the construction pipeline. Request A Free Sample Report- http://www.marketresearchhub.com/enquiry.php?type=S&repid=1311098 The report covers all key infrastructure sectors: roads, railways, electricity and power, water and sewerage, communication, and airports and ports. Summary With a young and growing population, together with rapid
Saudi Arabia Pharmaceutical Market Development Analysis
The Saudi Arabia Pharmaceutical market has recorded significant growth over the years driven by various factors like increasing ageing population mostly in the above 60 years bracket, changing demographics and rise in the incidence of lifestyle diseases, increased spending power, result driven government initiatives to promote the growth of indigenous pharmaceutical companies. Inspite of the progress, the pharmaceutical sector in the Saudi Arabia is still in an emerging phase, and
Saudi Arabia Electronic Security Market-6Wresearch
Rising Security Concerns, Surging Security Spending and Large Scale Infrastructure Development to Boost the Demand for Electronic Security Systems in Saudi Arabia – 6Wresearch Infrastructure development in Saudi Arabia is accelerating at a rapid pace on account of government initiatives for economic diversification. However, with infrastructure development, country is also facing serious threats from the rising terrorism in the Middle East region. Electronic security market in the country is expected to
Saudi Arabia Radio LIve
Saudi Arabia Live Radio is created for the sake of our contemporary users to accommodate their demands and expectations. This innovative application is full of comprehensive Radio Stations, which are renewed and extended from time to time by the sophisticated professionals. The following app is absolutely free of charge and provides you with an exclusive opportunity to listen to your favorite music and newsworthy programs, as well as news from
Saudi Privatization Summit 2016 – “Unlocking the hidden potential of Saudi A …
The current oil catastrophe and economic stress is compelling Saudi Arabia to transform and is set to create the World's biggest and Middle East’s strongest Sovereign Wealth Fund by welcoming International investments and privatizing state-owned companies. The Kingdom envisions to increase non-oil revenue to USD 120 Billion per year, by 2020 and a six-fold growth to USD 266 Billion per year by 2030. Diversifying traditionally-oil based economies and reducing the
Saudi Arabia Accelerating Efforts in Cyber Security.
Leading up to the 2nd Annual Kingdom Cyber Security Knowledge Sharing Workshop in Riyadh,Fleming Gulf caught up with Bill Leigher- Advanced Solutions Director Intelligence, Information and Services at Raytheon Company, USA to analyze current and future trends in cyber security. With cyber threats becoming more complex and indefinite, businesses have to keep up with innovative cyber security applications. No longer just an IT priority, the awareness regarding cyber securitycontinues to grow,