Perimeter Security Market Trends, Size, Forecast - 2017-2022


Posted July 15, 2020 by pooja1919

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.

 
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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Issued By Mr. Anurag Tiwari
Country India
Categories Business
Last Updated July 15, 2020