The global perimeter security market size was valued at USD 26,515 million in 2018 and expected to witness a significant growth rate of 7.3% over the forecasted period 2017-2022. Rising demand for security against terrorist attack coupled with favorable government regulations for security are the key forces driving the global perimeter security market. Along with it, rising need to reduce manpower costs have also played a vital role in the increasing demand for perimeter security solutions. Availability and accuracy offered by these technologically upgraded solutions are widely deployed across industries for the maintenance of critical sites. Increasing investments for infrastructure development have widened the scope for the growth of the perimeter security market. For the period of 2014-2025, around $78 trillion is projected to be spent on infrastructure development at global level. As per American Society of Civil Engineers, the U.S. is required to invest additionally around $3.6 trillion by the year 2020 in order to upgrade country’s infrastructure to acceptable standards. In current scenario, the U.S. spends around 2.6% of the country’s GDP on infrastructure in comparison to 8.5% in case of China and 3.8% for the global average. Factors such as anti-government protests, illegal immigration, increasing criminal activities and constant risk of terrorism have led towards the rising need for advanced perimeter security solutions.
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Economic slowdown has proved to be the key roadblock in the growth of the global market. Declining revenues of major industries, organizations are avoiding incurring additional costs for perimeter security solutions. False alarm rates in perimeter security solutions have also acted as a challenge in the growth of the perimeter security market. Growing usage of video analytics as well as rising need for integrated systems are expected to create growth opportunities for the global perimeter security market.
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Perimeter Security Market segmentation
By end user industries
Industrial
Critical infrastructure
Correctional facilities
Government
Military & defense
Transportation
Commercial
Others
By service
Managed services
System integration & consulting
Maintenance and support
Risk assessment & analytics
By system
Access control systems
Video surveillance systems
Intrusion detection systems
Alarms & notification systems
Others
Competitive landscape
Key strategies
Key company analysis
Regional analysis
North america
United states
Canada
Rest of north america
Europe
United kingdom
France
Germany
Italy
Spain
Rest of europe
Asia pacific
India
China
Japan
Rest of asia pacific
Rest of the world
Company profiles
Advanced perimeter system limited
Introduction
Advanced perimeter system limited product portfolio
Advanced perimeter system limited recent activities
Anixter
Introduction
Anixter product portfolio
Anixter recent activities
Avs electronics
Introduction
Avs electronics product portfolio
Avs electronics recent activities
Axis communication ab
Introduction
Axis communication ab product portfolio
Axis communication ab recent activities
Bosch group
Introduction
Bosch group product portfolio
Bosch group recent activities
Cias
Introduction
Cias product portfolio
Cias recent activities
Dramex international inc.
Introduction
Dramex international inc. Product portfolio
Dramex international inc. Recent activities
Fiber senys inc.
Introduction
Fiber senys inc. Product portfolio
Fiber senys inc. Recent activities
Flir system inc.
Introduction
Flir system inc. Product portfolio
Flir system inc. Recent activities
Honeywell international inc.
Introduction
Honeywell international inc. Product portfolio
Honeywell international inc. Recent activities
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