Deerfield Beach, FL -- (SBWIRE) -- 07/24/2015 -- Security Sector in the Kingdom of Saudi Arabia 2014-2018

Saudi Arabia is one of the world's fastest growing markets for safety and security solutions. Saudi Arabia has invested huge amount of money for the safety and security of the nation as the government's major concern is to protect the country from terrorism. The country has invested huge amount of money to import weapons from countries such as the US, Russia, France, and the UK, which is expected to grow further.

Security sector in Saudi Arabia to grow at a CAGR of 11.35 percent over the period 2013-2018.

The Security sector in the Kingdom of Saudi Arabia is expected to show tremendous growth in the coming years because of the increasing threat of security attacks by other countries. As Saudi Arabia is the world's largest producer of oil, its security is a big challenge. Therefore, the country invests extensively in importing equipment from countries such as the US, Russia, France, and the UK.

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Covered in this Report
This report covers the present scenario and the growth prospects of the Security sector in Saudi Arabia for the period 2014-2018. To calculate the market size, the report considers the HLS and defense budgets allocated for the security of the country. The market is highly fragmented with the presence of a large number of small and large vendors. Therefore, the report does not provide the market share of the vendors; it only lists the key vendors in the market. In addition, the report discusses the major drivers that influence the growth of the Security sector of Saudi Arabia. It also outlines the challenges faced by vendors and the market at large, as well as the key trends that are emerging in the market.

Key Market Drivers
Flourishing Economy and Infrastructure
Need to Strengthen Homeland Security
High Defense Expenditure
Increase in Number of Security Attacks

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Key Market Trends
High Investment on Safety and Security Equipment
Continual Increase in Oil Prices
Increased Number of Cyber Defense Security Solutions
Increased Use of Cloud-based Services

Key Market Vendors
BAE Systems
Boeing Co.
General Dynamics Corp.
Lockheed Martin Corp.
Raytheon Co.

"Saudi Arabia being the world's largest producer of oil and oil extraction is a major player in this monopolistic market where buyers are dependent on oil,".

"Therefore, the continual increase in oil prices is accelerating the growth of the Security sector in the Kingdom of Saudi Arabia."

To define the market circumstances in the next 3-4 years, Our analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.