The global perimeter security market is projected to witness a considerable growth rate by exhibiting a significant CAGR of 7.0%, during the forecast period. Rising demand for security from criminal activities coupled with favorable government support for the implementation of security solutions at critical locations are the major factors driving the global perimeter security market. Moreover, rising need to reduce manpower costs have played a vital role in the increasing demand for perimeter security solutions. Accuracy offered by these technologically upgraded solutions is widely deployed across industries at the critical sites. Increasing investments for infrastructure development is further propelling the growth of the global perimeter security market.
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This economic slowdown will directly affect the policies and regulation for the perimeter security, as in every country, the government has a large share in purchasing security appliance for the pubic area surveillance and for government institution security; therefore, this slowdown will enforce the government for the reduction of their budge for security appliances. Growing adoption of video analytics and increasing deployment of integrated systems, are expected to create growth opportunities for the global market. Digital forensics is emerging as another major factor for the growth of the market. Digital evidence such as CCTV footage is used to track criminal and used as evidence in courts. Integration of AI in CCTV and night vision cameras are one of the latest technologies which will provide a new opportunity to the market in the near future.
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Market Segmentation
Global Perimeter Security Market by Type
- Access Control
- Video Surveillance
- Intrusion Detection
- Alarms & Notification
- Others (Barriers and Bollards)
Global Perimeter Security Market by End-User
- Industrial
- Residential
- Commercial
- Government Building
- Military & Defence
- Transportation
- Public Places
- Others (Critical Infrastructure)
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- Aiphone Co., Ltd.
- Allegion PLC
- ASSA ABLOY AB
- Avigilon Corp., a company of Motorola Solutions, Inc.
- Axis Communications AB
- Cisco Systems, Inc.
- CP PLUS
- FLIR Systems, Inc.
- Godrej Group
- Hanwha Group
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Hitachi, Ltd.
- Honeywell International Inc.
- Johnson Controls, Inc.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
