Researchmoz presents this most up-to-date research on Security Market in Saudi Arabia 2012-2016. The report focuses primarily on quantitative market metrics in order to characterize the growth and evolution of the Security Market.
Albany, NY -- (SBWIRE) -- 07/18/2013 -- Security Market in Saudi Arabia to grow at a CAGR of 10.47 percent over the period 2012-2016. One of the key factors contributing to this market growth is Saudi Arabia's strong economy and availability of revenue. The Security sector in Saudi Arabia has also been witnessing an increasing number of international defense deals. However, the high dependence on import machineries could pose a challenge to the growth of this market.
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TechNavio's report, the Security Market in Saudi Arabia 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Security sector in the Kingdom of Saudi Arabia and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.
The key vendors dominating this space include Advanced Electronics Co. Ltd., Alsalam Aircraft Co., BAE Systems plc, Boeing Co., General Dynamics Corp., Lockheed Martin Corp., and Raytheon Co.
The other vendors mentioned in the report are EADS N.V., Northrop Grumman Corp., Science Applications International Corp., Sikorsky Aircraft Corp., and Thales SA.
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Key questions answered in this report:
What will the market size be in 2016 and what will be the growth rate?
What are key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by key vendors?
What are the strengths and weaknesses of each of these key vendors?
Global Cybersecurity Market 2013-2023
The global cyber security market is dominated by North America, with the US being the largest defense spender in the world; overall, North America is set to spend US$93.6 billion on cyber security during the forecast period. Despite the scheduled budget cuts, Europe represents the second-largest market, with the total cyber security market valued at around US$24.7 billion, offering a potentially attractive investment opportunity for suppliers. Asia-Pacific is projected to spend an estimated US$23.2 billion on cyber security during the forecast period, followed by the Middle East and Latin America with US$22.8 billion and US$1.6 billion respectively.
Global Data Center Security Market
Global Data Center Security market to grow at a CAGR of 10.67 percent over the period 2012-2016. One of the key factors contributing to this market growth is the growing need to protect virtualized equipment. The Global Data Center Security market has also been witnessing the growing adoption of disaster recovery solutions. However, the increasing cost of procuring data center security applications could pose a challenge to the growth of this market. Global Data Center Security Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts.
Global Homeland Security Market
The demand for homeland security equipment is anticipated to be driven by internal security threats such as terrorism, illegal border infiltration, piracy, drug trafficking, cyber espionage and critical infrastructure security among several others. Cumulatively, the global market is expected to value US$2595 billion during the forecast period. The market is expected to be dominated by Asia Pacific, followed by North America and Europe. The Asia Pacific region accounts for the highest expenditure in the homeland security sector as emerging economies such as India and China execute extensive modernization programs for their respective police forces and other security infrastructure which were neglected in the past few decades.
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