Perimeter Security Industry Overview
The global perimeter security market size was valued at USD 59.21 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market. Government support for implementing different security systems at critical locations is on the rise. Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results.
With the growing safety concerns among people, manufacturers have come up with new multilayered perimeter protection solutions. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments.
Gather more insights about the market drivers, restraints, and growth of the Global Perimeter Security Market
Recent years have witnessed a tremendous rise in illegal activities, breaches of security systems, planned crimes, and terrorism activities. This has led to increased awareness among citizens as well as industries and governments. As a result, various security systems are deployed at different locations in an attempt to strengthen security. However, the increasing cost of implementing these systems is estimated to hinder the growth of the market. Moreover, improving the reliability of the systems is a challenge for all manufacturers.
Browse through Grand View Research's Electronic Security Industry Related Reports
Physical Security Market - The global physical security market size was valued at USD 116.91 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 6.1% during the forecast period.
Thermal Scanners Market - The global thermal scanners market size was valued at USD 3.4 billion in 2019 and is expected to expand at a Compound Annual Growth Rate (CAGR) of 4.8% from 2020 to 2027.
Perimeter Security Industry Segmentation
Grand View Research has segmented the global perimeter security market on the basis of system, service, end-use, and region:
Perimeter Security System Outlook (Revenue, USD Million, 2017 - 2030)
- Access Control
- Alarms & Notification
- Intrusion Detection
- Video Surveillance
- Barrier
- Others
Perimeter Security Service Outlook (Revenue, USD Million, 2017 - 2030)
- System Integration & Consulting
- Risk Assessment & Analysis
- Managed Services
- Maintenance & Support
Perimeter Security End-use Outlook (Revenue, USD Million, 2017 - 2030)
- Commercial
- Government
- Industrial
- Military & Defense
- Transportation
- Others
Perimeter Security Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- Europe
- Asia Pacific
- Latin America
- MEA (Middle East & Africa)
Market Share Insights:
April 2019: Thales acquired Gemalto, an international digital security company based in the Netherlands. This acquisition equipped Thales Group with a larger product portfolio to become a global leader in digital identity and security.
May 2016: Hikvision acquired U.K.-based intrusion alarm specialist Pyronix. This acquisition will give Hikvision a foothold in an entirely new sector of the security hardware industry.
Key Companies profiled:
Some prominent players in the global Perimeter Security Industry include
- Axis Communications AB
- Barrier1 Systems, Inc.
- Optex, Inc.
- Honeywell International, Inc.
- Tyco International Ltd.
- Puretech Systems
- Senstar Corp.
- Delta Scientific Corp.
- RBtec Perimeter Security Systems
- Cias Elettronica Srl
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