Perimeter Security Industry Overview
The global perimeter security market size was valued at USD 59.21 billion in 2021 and is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period.
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.
Gather more insights about the market drivers, restrains and growth of the Global Perimeter Security Market
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.
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.
Perimeter Security Market Segmentation
Based on the System Insights, the market is segmented into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems active barriers and others
Based on Service Insights, the market is segmented into system integration & consulting, risk assessment & analysis, managed services and maintenance & support
Based on the End-use Insights, the market is segmented into government, military & defense, transportation, commercial, industrial and others
Based on the Regional Insights, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Market Share Insights:
Key Companies Profile:
Key players are focusing on increasing their customer base to gain a competitive edge in the market and these players are adopting various strategic initiatives, such as mergers & acquisitions, partnerships, integrating with other firms for particular technologies, and new product development.
Some of the prominent players in the global perimeter security market include:
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