Perimeter Security Market Overview:

Global Perimeter Security Market was worth USD 59,210 million in 2021. It is projected to grow at a compound annual rate (CAGR), of 9.4% between 2022 and 2030.

Market growth has been attributed to stricter standards being enforced by governments in order to protect their citizens from terrorist attacks and other cross-border intrusions. The market is driven by a rise in the development of smart cities and infrastructure. The government is increasing its support for the implementation of security systems in critical areas. Technological advances in automation have led to the rapid adoption of new techniques such as aerial drones and video analytics. This will provide better results.

Global Perimeter Security Market Scope:

System Analysis

The global market can be further divided into access control systems and alarms & notifications systems, intrusion detection systems, barrier systems, video surveillance systems, and other systems based on its systems. Software video surveillance systems dominated the market and were responsible for more than 45.5% of global revenue in 2021. Due to their increasing importance in continuous capturing images and safety, video surveillance systems will be the fastest-growing segment of the market.

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This segment includes video cameras, CCTV cameras, and video analytics. It also includes smart video devices that can link to multiple devices. Their ease of use and many applications have led to their increasing adoption around the world. Video surveillance systems can prevent revenue loss due to theft, vandalism, or destruction of valuable information, among other things. Video surveillance systems can include alarm systems or wireless home security systems, which notify law enforcement agencies when there is trouble.

Service Analysis

The global market for perimeter security was further divided on the basis of services into system integration, consulting, risk analysis & analysis, and managed security services. Maintenance & support is also included. Security system providers are increasingly embracing consulting and system integration services. In 2021, the segment represented more than 51.00% of global revenue. Integration of multiple security systems gives the controller more information and enhances decision-making ability.

Consulting services and system integration help businesses achieve a more efficient and optimized functional workflow, real-time data access, and effective business operations. The industry is moving forward with the adoption of cutting-edge technology such as IP-based security cameras that allow remote access, motion sensors, or wireless technology. Over the forecast period, the demand for risk assessment and analysis services is expected to rise at a rapid pace. Large organizations are increasingly using managed security services because it is easier to outsource their entire security system. This allows them to identify loopholes in security and prevent intruders from accessing their company premises.

End-Use Analysis

The global market can be further divided into transportation, commercial, government, military, defense, and other end-uses based on its end-uses. In 2021, the largest share of global revenue was held by the military and defense segments. A wide range of applications for perimeter security systems has emerged due to the growing population, shopping & outing trends, and the existence of large entertainment centers at different locations. From 2022 to 2030, the fastest-growing segment in transportation will be.

Key Market Segments:

By System

• Access Control Systems and Alarms & Notifications Systems
• Intrusion Detection System
• Barrier Systems
• Video Surveillance System
• Other Systems

By Service

• System Integration
• Consulting
• Risk Analysis & Analysis
• Managed Security Services
• Maintenance & Support

By End-Use

• Transportation
• Commercial
• Government
• Military
• Defense
• Other end-uses

Market Dynamics:

Manufacturers have developed new multilayered perimeter protection systems in response to growing safety concerns. Electronic fencing with sensors, integrated fiber-optic intrusion detection systems, and infrared are some of the most popular technologies. Security systems that are meter-based have applications at national borders, military and defense sectors, government offices as well as commercial domains, banks, correctional facilities, and other large industrial plants across various segments.

In recent years, there has been a dramatic rise in illegal activities and breaches of security systems. This has resulted in increased awareness by citizens, as well as industry and government. In an effort to increase security, different security systems have been deployed at different places. The market's growth is being hampered by the rising cost of these systems. All manufacturers face challenges in improving the reliability of these systems.

Regional Analysis:

The global market was further divided by geography into North America and Europe, Asia Pacific, Latin America, and the Middle East & Africa. In 2021, the North American region was the dominant market. It accounted for more than 31.00% of global revenue. This is due to the U.S. technology hubs and ongoing R&D in this field. The region's increased use of IoT (Internet of Things) is expected to drive regional market growth. Over the next six years, Asia Pacific will be the fastest-growing regional market.

Due to the region's developing infrastructure and strict government safety measures, the Asia Pacific region will experience the highest growth. The market growth is also supported by transportation, military & defense, oil & gas, chemical, as well as key infrastructures, and nuclear facilities. Perimeter security systems are essential to increase market growth due to increasing crime rates in the Asia Pacific.

Key Regions and Countries covered іn thе rероrt:

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Russia
  • Spain
  • Rest of Europe
• APAC
  • China
  • Japan
  • South Korea
  • India
  • Rest of Asia-Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• MEA
  • GCC
  • South Africa
  • Israel
  • Rest of MEA

Market Share & Key Players Analysis:

To increase their market share, key players are focusing on customer growth. They are also adopting strategic initiatives such as mergers and acquisitions, partnerships, and integrating with other companies for specific technologies. Hikvision, a U.K.-based intrusion detection specialist, purchased Pyronix in May 2016. Hikvision will now have a foothold within a new sector of the security hardware industry.

Thales Group acquired Gemalto in April 2019. This international digital security company is based in the Netherlands. The acquisition provided Thales Group with a wider product portfolio, enabling it to be a global leader in digital identity and security. The following are some of the most prominent players in the global perimeter safety market:

Market Key Players:

• Axis Communications AB
• Barrier1 Systems, Inc.
• Optex, Inc.
• Honeywell International, Inc.
• Tyco International Ltd.
• Puretech Systems
• Senstar Corp.
• Delta Scientific Corp.
• Other Key Players

For the Global Perimeter Security Market research study, the following years have been considered to estimate the market size: