|Perimeter Security Market 2022 Latest Industry Trends, Volume Analysis And Demand Forecast 2030|
Perimeter Security Market Growth & Trends
The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems.
Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors.
The video surveillance systems segment is expected to register the fastest CAGR over the forecast period due to the large-scale investments in smart infrastructure projects by various nations. The global need to improve safety and security across many industries is considerably contributing to the market growth. In comparison to the preceding decade, the surveillance market has changed due to significant advances in cloud hosting and video surveillance software.
The alarms & notification systems are expected to grow at a slow pace in the market over the forecast period. The maintenance & support systems are anticipated to witness the fastest growth over the next eight years. Perimeter security systems are expected to find major applications in the transportation end-use segment.
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Perimeter Security Market Segmentation
Grand View Research has segmented the global perimeter security market on the basis of system, service, end-use, and region:
Perimeter Security System Outlook (Revenue, USD Million, 2017 – 2030)
· Access Control
· Alarms & Notification
· Intrusion Detection
· Video Surveillance
Perimeter Security Service Outlook (Revenue, USD Million, 2017 – 2030)
· System Integration & Consulting
· Risk Assessment & Analysis
· Managed Services
· Maintenance & Support
Perimeter Security End-use Outlook (Revenue, USD Million, 2017 – 2030)
· Military & Defense
List of Key Players of Perimeter Security Market
· Axis Communications AB
· Barrier1 Systems, Inc.
· Optex, Inc.
· Honeywell International, Inc.
· Tyco International Ltd.
· Puretech Systems
· Senstar Corp.
· Delta Scientific Corp.
· RBtec Perimeter Security Systems
· Cias Elettronica Srl
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