The security perimeter market is expected to exhibit a strong 13.46% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR). The report estimates the global security perimeter market’s valuation to increase to USD 276.46 billion by 2025. The report presents detailed analysis of the market’s historical growth trajectory through a detailed overview of the market’s figures through the historical review period. Primary as well as secondary information about the global security perimeter market’s historical growth trajectory is provided in the report. This provides a foundation for accurate, reliable forecasts about the market’s growth trajectory over the forecast period from 2019 to 2025. The competitive landscape of the security perimeter market is also explained in great detail in the report through detailed profiles of the major players operating in the market. Major trends in the competitive landscape of the global security perimeter market are explained in detail in the report. Key factors affecting the global security perimeter market are examined in detail in the report. The report also examines the impact of the COVID-19 pandemic on the global security perimeter market.
Perimeter protection has become a major industry in recent years due to the growing threat of attacks and theft for commercial and governmental entities. The increasing sophistication in cross-border infiltration and increasing geopolitical threats have driven the demand for effective perimeter protection and are likely to remain a major driver for the market over the forecast period. Due to increasing geopolitical threats in the Middle East, Africa, and Central America, immigration of refugees and other war-torn peoples to more prosperous countries has increased. This has led to more reliance on illegal cross-border infiltration rather than going through legal means of immigration, which may be full or hostile. Increasing sophistication in illegal cross-border infiltration has led government bodies to invest in strong perimeter protection systems in order to stamp out illegal movement of immigrants. The increasing movement of immigrants across the world is likely to be a major driver for the global security perimeter market over the forecast period.
Commercial entities are also likely to be a major consumer of perimeter protection systems over the forecast period. The increasing threat of data theft has led to commercial bodies investing heavily in perimeter protection systems in the last few years. The increasing volume of digital data generated in commercial enterprises and the increasing efforts from commercial bodies to safeguard their premises are likely to be a major driver for the security perimeter market over the forecast period.
Competitive Leaderboard:
Leading players in the global security perimeter market include Honeywell International Inc., Schneider Electric, Hikvision Digital Technology Co. Ltd., FLIR Systems, Axis Communications AB, Dahua Technology Co. Ltd., Tyco International plc, Bosch Security Systems, United Technologies Corporation, Southwest Microwave Inc., Johnson Controls International plc, Rbtec Perimeter Security Systems, Fiber Sensys Inc., Cias Elettronica, Senstar Corporation, and Puretech Systems Inc.
Segmentation:
The global security perimeter market is segmented on the basis of component, end user, and region.
By component, the global security perimeter market is segmented into systems and services. The systems segment dominates the global security perimeter market. The systems segment is further sub-segmented into perimeter intrusion detection systems, video surveillance systems, access control systems, alarm and notification systems, and others, including mobile detection platforms and intruder discouragement measures. Video surveillance systems are among the most widely used perimeter protection systems and are likely to grow in demand over the forecast period. The services sector is segmented into professional services and managed services.
By end use, the global security perimeter market is segmented into government and defense, commercial, industrial, residential, and others. The commercial sector is likely to dominate the global security perimeter market over the forecast period.
Regional Analysis:
North America is the largest regional market for perimeter protection systems and is likely to retain the position over the forecast period.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the perimeter security market include Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Honeywell International Inc., Southwest Microwave, Inc., Johnson Controls International plc, CIAS Elettronica, Senstar Corporation, PureTech Systems, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Perimeter Security Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/perimeter-security-market/download-sampleMarket Dynamicsarket dynamics The rapidly growing issues of perimeter intrusion, resulting in data theft and property damage are assumed to be a basic driving force for the growth of the perimeter security market.
According to segmentation analysis, the global security system division is based on component, vertical, and geography.
Nowadays, terrorism activities are increasing rapidly that creates the demand for perimeter security systems and this will certainly stimulate market growth.
Implementation of security systems in necessitous areas due to government support and technological advancements in the automation field will further boost the growth of the perimeter security market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
Growing Demand from Commercial Sector to Drive Perimeter Protection Market The global security perimeter market is expected to exhibit a strong 13.46% CAGR over the forecast period from 2020 to 2027, according to the latest research report from Market Research Future (MRFR).
The report estimates the global perimeter protection market’s valuation to increase to USD 276.46 billion by 2027.
This provides a foundation for accurate, reliable forecasts about the market’s growth trajectory over the forecast period from 2019 to 2025.
The competitive landscape of the global perimeter protection market is also explained in great detail in the report through detailed profiles of the major players operating in the market.
Perimeter protection has become a major industry in recent years due to the growing threat of attacks and theft for commercial and governmental entities.
The increasing threat of data theft has led to commercial bodies investing heavily in perimeter protection systems in the last few years.
