Perimeter Security Market – Global Industry Analysis and Forecast (2023 – 2029)

Perimeter Security Market was valued at US$ 71.75 Bn. in 2022 and is expected to reach US$ 124.58 Bn. by 2029, at a CAGR of 8.2% during a forecast period.
Perimeter Security Market Overview:
The Perimeter Security Market was valued at US$ 71.75 Bn. in 2022. Perimeter security is a security solution that uses technology to protect the perimeter or site of a facility against illegal access. It consists of security fencing and gates. However, advanced perimeter security technology incorporates additional barriers that provide greater protection and security against intrusion. The perimeter system is divided into system and service based on components. Browser isolation systems and firewalls are also part of this security solution. Threat detection, surveillance detection, and pattern analysis are also included. Essentially, perimeter security focuses on developing a perimeter-based approach to securing systems and thwarting threats as they enter a network.



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Perimeter Security Market Dynamics:
Peripheral security systems are increasingly used in vertical fields such as military sites, critical infrastructure and other high-risk vertical fields to prevent and detect intrusions. Increasing rates of terrorism, theft, sabotage, and illegal immigration have led to a significant increase in the global demand for advanced security systems. Although India, Afghanistan, and Pakistan have improved, South Asia is the most affected region due to the terrorist incidents in 2022. In addition, the past few years have also noticed a significant increase in far-right terrorism. Due to heavy financial costs, terrorism has a huge impact on the economy. Therefore, the demand for advanced peripheral security solutions is critical to economic growth. Governments in various regions are paying more and more attention to the establishment of surrounding security regulations and industry standards to curb terrorism and protect the safety of critical infrastructure sites.

Perimeter Security and Electronic Technology:

For perimeter security, electronic technology is the ideal answer. The industry's ongoing evolution has profoundly altered the concept of perimeter security, which today incorporates modern and incredibly sophisticated gadgets, tactics, and systems. In any case, perimeter security and, by extension, perimeter protection are critical requirements for all types of sites, from industrial to commercial, public to private and domestic. Current smart perimeter protection systems provide an increased level of protection for both interior and outdoor security needs, in a variety of places and under a variety of conditions. CIAS is a market leader in the design and production of microwave barriers, sensors, and fence protection systems. CIAS provides the smartest, most cost-effective, and easiest-to-install and-manage security solutions.

Some of the classic electronic technologies adopted for security purposes are the following:

Ground surveillance radars
Steerable video cameras
Secure wireless communication
Portable perimeter protection systems
Motion detection
Thermal cameras

System integrators and security technicians integrating advanced peripheral security systems into existing IT systems may damage existing IT systems running on critical infrastructure. A lack of security skills and technical expertise hinders an organization’s ability to meet the growing demand for advanced perimeter security systems. In addition, the lack of qualified professionals who can provide the required security training and consulting further hinders the growth of the peripheral security system market.

The growing concern for safety and security in banks, warehouses, and offices to protect property rights, sensitive business information, and money and personal possessions is expected to drive demand for perimeter security services. Furthermore, increased bank burglary, as well as hacking and transfer of critical information from offices, thefts in warehouses on weekends and at odd hours, necessitates an improvement in the security of these commercial structures.

The future of perimeter security:

While perimeter security serves an obvious deterrent function, its rising use in urban areas, as well as commercial, retail, and public applications, has focused attention on non-aggressive territory marking through landscaping and other softer design aspects. In the case of car barriers, for example, users should evaluate the materials and finishes, as well as whether they are low maintenance and environmentally sensitive. Because design is so important, some perimeter security goods, such as security planters, are made with an aesthetic purpose in mind. In the future, perimeter security may become a component of a connected technological system capable of profiling specific places and matching the abilities and competencies of workers required for each region. When interruptions occur in many parts of an organisation, this connected technology will be able to analyse and discover information that could indicate a major threat, as well as raise warnings when business safeguards and operational procedures are affected. Aerial monitoring with balloons and drones is another innovation. The latter, in particular, may become popular if makers can prolong battery life and combine analytic capabilities.
Perimeter Security Market Segment Analysis:
Based on system, Video Surveillance Systems segment held largest market share of xx% in 2022. Because of the increased emphasis on continuous image capture and comprehensive safety, the segment is expected to emerge as the fastest-growing segment in the perimeter security market. It mostly consists of video cameras, CCTV cameras, video analytics, and smart video devices that can connect too many devices. The ease of installation and numerous uses of these systems are increasing their global adoption. Revenue loss from stolen items, vandalism, and the destruction of critical information can all be avoided with video surveillance solutions.

Based on service, System Integration & Consulting segment held largest market share of xx% in 2022. The integration of several security systems gives the controller more precise information and increased decision-making capacity. System integration and consulting services assist firms in streamlining and optimising functional workflow, gaining access to real-time data, and performing business operations effectively.
Perimeter Security Market Regional Insight:
The North America region held largest market share of xx% in 2022. The United States and Canada are the primary countries implementing these systems. The presence of technology centers in the United States, as well as ongoing research & development in the sector, are the primary factors driving the market in the region. Furthermore, the region's rising use of the internet of things (IoT) is likely to contribute to regional market growth. The Asia Pacific region is expected to grow significantly over the next several years as a result of infrastructure development and strong government rules for national security. The rising prevalence of crime, particularly personal crime, has increased the need for perimeter security systems in Asia Pacific, driving market growth throughout the forecast period.

The objective of the report is to present a comprehensive analysis of the Perimeter Security market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding the Perimeter Security market dynamics, structure by analyzing the market segments and projects the Perimeter Security market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Perimeter Security market make the report investor’s guide.
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Perimeter Security Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2022-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 71.75 Bn.


Forecast Period 2023 to 2029 CAGR:
8.2 %
Market Size in 2029:
US $ 124.58 Bn.


 Segments Covered:
by System
Perimeter Intrusion Detection Systems
Access Control Systems
Video Surveillance Systems
Alarms and Notifications Systems
Others


by Service
Professional Services
System Integration & Consulting
Managed Services


by Verticals
Industrial
Commercial & Services
Government
Infrastructure
Military & Defense
Resident



Perimeter Security Market, by Region
North America
Europe
Asia Pacific
Middle East and Africa
South America
Perimeter Security Market Key Players
1. Axis Communications AB
2. Honeywell International, Inc.
3. Rbtec Perimeter Security Systems
4. FLIR Systems, Inc.
5. Puretech Systems
6. Senstar Corporation
7. Tyco International Ltd
8. International
9. Hangzhou Hikvision Digital Technology Co., Ltd.
10.Cias Elettronica
11.Fiber Sensys, Inc.
12.Johnson Controls International PLC
13.Southwest Microwave, Inc.
14.United Technologies Corporation
15.Dahua Technology Co., Ltd.
16.Bosch Security Systems
17.Advanced perimeter systems ltd
18.Anixter International Inc.
19.Delta Scientific Corporation;
20.Barrier1 Systems, Inc.
21.Optex, Inc.

Frequently Asked Questions:

1. Which region has the largest share in Perimeter Security Market?
Ans: North America region helds the highest share in 2022.

2. What is the growth rate of Perimeter Security Market?
Ans: The Perimeter Security Market is growing at a CAGR of 8.2 % during forecasting period 2023-2029.

3. What segments are covered in Perimeter Security market?
Ans: Perimeter Security Market is segmented into system, service, verticals and region.

4. Who are the key players in Perimeter Security market?
Ans: The important key players in the Perimeter Security Market are – Axis Communications AB, Honeywell International, Inc., Rbtec Perimeter Security Systems, FLIR Systems, Inc., Puretech Systems, Senstar Corporation, Tyco International Ltd, International, Hangzhou Hikvision Digital Technology Co., Ltd., Cias Elettronica, Fiber Sensys, Inc., Johnson Controls International PLC, Southwest Microwave, Inc., United Technologies Corporation, Dahua Technology Co., Ltd.

5. What is the study period of this market?
Ans: The Perimeter Security Market is studied from 2022 to 2029.