The global Perimeter Security Market is poised to grow from $70.8 billion in 2022 to $100.2 billion by 2027 at CAGR of 7.2% during the forecast period, according to new report by MarketsandMarkets.
Factors driving the market growth include increasing security breaches and perimeter intrusions worldwide, rising demand for perimeter security solutions such as video surveillance, access control systems, and others, and the proliferation of smart technologies such as IoT, AI, and ML.
Browse in-depth TOC on "Perimeter Security Market”
513 - Tables
47 - Figures
428 - Pages
Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1311
By component, the systems segment to grow with the highest CAGR during the forecast period
The perimeter security market is segmented into systems and services based on the component. The systems segment has the highest CAGR because many businesses use video surveillance systems, perimeter intrusion detection systems, access control systems, alarm and notification systems, and others to enhance their security operations. An increase in crime rates and the advancement in technology are also helping the services segment to grow. Furthermore, the growing need to secure external premises and stringent government regulations are leading to growth in this segment.
By system, video surveillance systems to hold a larger market size during the forecast period
The perimeter security market is segmented into Perimeter Intrusion Detection, Video Surveillance Systems, Access Control Systems, Alarm, and Notification Systems, Barrier Systems, and Other Systems based on the system. Video Surveillance holds the capability of providing robust security to users against the rising incidents of terrorism coupled with security and reliability concerns. With the advancement in technology, video surveillance systems are getting enhanced and hence becoming more popular. Further, the market for video surveillance systems is expanding rapidly due to the growing need to secure airports, malls, retail stores, and other important infrastructures. Thus, video surveillance systems hold a larger market share during the forecast period.
By region, Asia Pacific is to grow at the highest CAGR during the forecast period
A rise in criminal activity and growing public concerns are predicted to increase security costs in the Asia Pacific region. The nations with the fastest economic growth rates, include China, Japan, India, Singapore, Australia, and New Zealand. Due to the swift and sophisticated adoption of new technologies, the Asia Pacific region is a profitable market for perimeter security products and services. The region is frequently the target of perimeter security attacks even if the latest security measures are in place. Smart cities and infrastructure are being built in the region, which will increase the need for perimeter security solutions. Additionally, due to successful government programs for modernization and technology breakthroughs, perimeter security systems have the potential for rapid expansion. Consequently, the Asia Pacific area is anticipated to increase at the greatest CAGR throughout the expected period.
Request Sample Pages @ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1311
Honeywell (US), Dahua Technology (China), Bosch Security Systems (Germany), Hikvision (China), Axis Communications (Sweden), Senstar (Canada), Pelco (US), Raytheon Technologies (US), Teledyne FLIR (US), Thales (France), Johnson Controls (Ireland), Fiber SenSys (US), Ameristar Perimeter Security (US), Optex (Japan), Panasonic (Japan), Southwest Microwave (US), Avigilon (Canada), Advanced Perimeter Systems (UK), Cias (Italy), Gallagher (New Zealand), Ingersoll Rand (US), Infinova (US), RBtec Perimeter Security Systems (US), SORHEA (France), PureTech Systems (US), SightLogix (US), SCYLLA (US), Veesion (France), Pivotchain (India), Prisma Photonics (Israel), Openpath (US), Density (US), Barrier1 Systems (US), Alcatraz (US), and Kisi (US) are the key players, SMEs, and startups in the perimeter security market.
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America's best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the 'GIVE Growth' principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
To find out more, visit https://www.marketsandmarkets.com/ or follow us on Twitter, LinkedIn and Facebook.
Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: [email protected]
Visit Our Website: https://www.marketsandmarkets.com
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/perimeter-securitys-market.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/perimeter-security.asp
It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the perimeter security market include Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Honeywell International Inc., Southwest Microwave, Inc., Johnson Controls International plc, CIAS Elettronica, Senstar Corporation, PureTech Systems, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Perimeter Security Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/perimeter-security-market/download-sampleMarket Dynamicsarket dynamics The rapidly growing issues of perimeter intrusion, resulting in data theft and property damage are assumed to be a basic driving force for the growth of the perimeter security market.
According to segmentation analysis, the global security system division is based on component, vertical, and geography.
Nowadays, terrorism activities are increasing rapidly that creates the demand for perimeter security systems and this will certainly stimulate market growth.
Implementation of security systems in necessitous areas due to government support and technological advancements in the automation field will further boost the growth of the perimeter security market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
