Global Perimeter Security Market

Perimeter Security Market: Insights

Perimeter security utilizes technology to protect a propertys perimeter from unlawful and unauthorized intrusion. The growing threat of terrorism and border intrusions has increased the awareness among government and private entities on the need for perimeter security. Stringent government regulations are being made to prevent unlawful intrusion of private property. Government initiatives to improve infrastructure like the development of smart cities are expected to increase the demand for perimeter security. The technological developments in recent years have allowed security systems that offer various levels of protection through alarms, notifications, and video surveillance have increased the demand for perimeter security. New technologies like face detection, advanced sensors, thermal camera, fiber optic integrated perimeter intrusion detection systems, and video analytics are being implemented extensively. The market is hampered by the lack of technical expertise among security teams. Security systems are becoming increasingly complex and require a personnel that is capable of using such systems efficiently.

Perimeter Security Market: By System

Based on the various perimeter security systems available, the perimeter security market can be segmented into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others. The video surveillance system is expected to hold the largest share of the market in terms of revenue during the forecast period. The video surveillance segment is also expected to grow at the fastest rate during the forecast period. The market for video surveillance systems has grown in recent years due to the growing demands for increased safety and the need for continuous video surveillance of properties. Video surveillance systems are easy to install and can be used for various applications. Video surveillance systems in combination with other sensors and devices can be used as alarms, they can be programmed to record when the cameras detect motion, among other applications. Video surveillance systems have been shown to reduce instances of vandalism and theft of private properties. Video surveillance systems act as a deterrent to crimes and protect owners from incurring heavy financial and personal losses. Video surveillance systems are used in wireless security systems and alarms that can silently notify law enforcement establishments when a crime is in motion.

Perimeter Security Market: By Service

Based on the various perimeter security services available in the market, the perimeter security market can be segmented into system integration and consulting, risk assessment and analysis managed security services, and maintenance and support. The risk assessment and analysis segment is expected to hold the dominant share of the market during the forecast period. Companies across the world are outsourcing security departments to security firms instead of housing an in-house security firm. An in-house security team would be expensive to maintain and provide the necessary resources for compared to outsourcing the service to security firms that specialize in providing security. One of the first things that companies will require is the risk assessment and analysis service, this service helps the security team to identify loopholes in the firm’s current security set-up and show how the implementation of new technologies can prevent future unwanted intrusion. Risk assessment and analysis services are also sold to individuals or firms with already existing security teams as well, the risk analysis and assessment will identify the areas that need to be strengthened and can prevent the security teams from being caught unaware by intruders. The system integration and consulting services segment is expected to register the fastest growth rate during the forecast period. System integration and consulting help with the integration of various existing security systems with new improvements and provides owners with greater control over their systems and provide them with the necessary information required to make decisions.

Perimeter Security Market: By End-User

Based on the various end-users of perimeter security, the perimeter security market can be segmented into government, military & defense, transportation, commercial, industrial, and others. The commercial segment is expected to hold the dominant share of the market during the forecast period. Commercial establishments with large footfall traffic are becoming extremely common. Shopping centers, shops, companies that offer services, banks, and various other commercial establishments require security systems in place to allow them to control crowds and prevent loss and destruction of their property. The growing crime rates have necessitated the need for perimeter security systems among commercial establishments. Most commercial establishments hold currency and other valuable items within their premises which are lucrative to intruders, the property has to be protected and perimeter security systems can prevent attempts, deter intruders before they intrude, and allows law enforcement agencies to be better prepared to apprehend the criminals when a crime has been committed. The transportation segment is expected to register the fastest growth rate during the forecast period. The growing concerns among travelers for their safety have increased the need for perimeter security systems in the transportation segment.

Perimeter Security Market: By Region

The North American region is expected to hold the dominant share of the market during the forecast period. The region houses various big firms and companies that have a high net worth, these companies are often targeted by criminals. The region has various IT firms and technology companies that have increased the research and development of new technologies and have resulted in novel products within the region. The region is a major proponent of technology and the growing adoption of the Internet of Things (IoT) among other new technologies have led to the dominance of this region. The APAC region is expected to register the fastest growth rate during the forecast period. The growing crime rates in the region have increased the demand for personal perimeter security systems like video surveillance, alarm systems, and intrusion detection systems. The region is expected to undergo massive infrastructure development in the coming years which will increase the demand for perimeter security systems. Stricter government regulations are also expected to increase the demand for perimeter security in the region.

Perimeter Security Market: Share & Competitor Analysis

Ameristar Perimeter Security, Puretech Systems, Anixter International Inc., Barrier1 Systems, Inc., Optex, Inc., Axis Communications AB, Honeywell International, Inc., RBtec Perimeter Security Systems, Tyco International Ltd., Senstar Corporation, Delta Scientific Corporation, and CiasElettronicaSrl, among others, are the major vendors competing in the perimeter security market.

Please note: This is not an exhaustive list of companies profiled in the report.