Overview and Scope
Perimeter security is a multifunction system already present in the device that provides built-in perimeter protection by monitoring the area and potential threats. The perimeter security act as the first line of protection for a network against numerous threats that could destroy connected systems.
Sizing and Forecast
The perimeter security market size has grown strongly in recent years. It will grow from $68 billion in 2023 to $74.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to security threats and incidents, terrorism and global events, urbanization and infrastructure development, risk management evolution, cybersecurity concerns..
The perimeter security market size is expected to see strong growth in the next few years. It will grow to $105.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for biometrics, cyber-physical security integration, cloud-based solutions, demand for scalable solutions, environmental sensors.. Major trends in the forecast period include interoperability and integration, predictive maintenance, energy efficiency and sustainability, mobile integration and control, environmental sensors and anomaly detection..
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The perimeter security market covered in this report is segmented –
1) By Component: System, Service
2) By End-Use: Transportation, Commercial, Government, Military, Defense, Other End-Users
Subsegment : Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarms and Notifications Systems, Other Systems, System Integration, Consulting, Risk Analysis and Analysis, Managed Security Services, Maintenance and Support
North America was the largest region in the perimeter security market in 2023. The regions covered in the perimeter security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing threat of terrorism and cross-border intrusions is expected to propel the growth of the perimeter security market going forward. Terrorism is the improper use of force and intimidation, particularly against civilians, to further political objectives. Cross-border intrusions refer to the movement of a unit, force, or military asset inside another country’s designated operational area, territorial seas, or territory airspace for surveillance or information gathering. The threat of terrorism and cross-border intrusions is rising to gain power and fulfill the demands of various countries and groups of individuals. Perimeter security is the first line of defense in securing critical assets, information, and people by utilizing cutting-edge technology. For instance, in 2023, according to the Global Terrorism Index by the Institute for Economics & Peace, an Australia-based think tank, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Therefore, the increase in the threat of terrorism and cross-border intrusions is expected to drive the growth of the perimeter security market.
Key Industry Players
Major companies operating in the perimeter security market report are Honeywell International Inc., Axis Communications AB, Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems, Inc., United Technologies Corporation, Southwest Microwave Inc., Johnson Controls International plc, Rbtec Perimeter Security Systems, Fiber Sensys Inc., Senstar Corporation, Puretech Systems, Atrity Info Solutions Private Limited, Hangzhou Hikvision Digital Technology Co. Ltd., Sicurit Perimeter Protection Systems Partner, Advanced Perimeter Systems Limited, Avigilon Corporation, Checkpoint Systems Inc., CIAS Elettronica Srl, FLIR Systems Inc., F-Secure Corporation, Genetec Inc., Hanwha Techwin Co. Ltd., Hikvision Digital Technology Co. Ltd., Milestone Systems A/S, Optex Co. Ltd., Panasonic Corporation, Pelco Inc., RISCO Group Ltd., SightLogix Inc., Texecom Ltd., Vanderbilt Industries LLC, Zaun Ltd.
The perimeter security market report table of contents includes:
1. Executive Summary
2. Perimeter Security Market Characteristics
3. Perimeter Security Market Trends And Strategies
4. Perimeter Security Market – Macro Economic Scenario
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31. Global Perimeter Security Market Competitive Benchmarking
32. Global Perimeter Security Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Perimeter Security Market
34. Perimeter Security Market Future Outlook and Potential Analysis
