SAN FRANCISCO, July 7, 2022 /PRNewswire/ -- 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.
Key Industry Insights & Findings from the report:
- The system integration & consulting services segment
dominated the market in 2021 and is estimated to generate high
revenue by 2030.
- System integration & consulting services help businesses
create opportunities to drive high performance and accelerate
business innovation; thereby creating growth opportunities for the
segment.
- The video surveillance systems segment is anticipated to
witness the fastest growth rate over the forecast period.
- Increasing concerns regarding public security & safety,
growing demand for spy cameras, and rising adoption of IP cameras
are driving the video surveillance systems segment.
- The military & defense end-use segment accounted for the
largest share of the global revenue in 2021.
- The Asia Pacific regional
market is expected to witness the fastest CAGR during the forecast
period due to the increasing infrastructure developments.
Read 216-page market research report for more latest Industry
Insights, "Perimeter Security Market Size, Share & Trends
Analysis Report By System (Intrusion Detection, Video Surveillance
Systems), By End-use (Commercial, Transportation), By Service, And
Segment Forecasts, 2022 - 2030", published by Grand View
Research.
Perimeter Security Market Growth & Trends
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.
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 Market - System Outlook (Revenue, USD
Million, 2017 - 2030)
- Access Control
- Alarms & Notification
- Intrusion Detection
- Video Surveillance
- Barrier
-
- Active Barriers
- Passive Barriers
- Others
Perimeter Security Market - Service Outlook (Revenue, USD
Million, 2017 - 2030)
- System Integration & Consulting
- Risk Assessment & Analysis
- Managed Services
- Maintenance & Support
Perimeter Security Market - End-use Outlook (Revenue, USD
Million, 2017 - 2030)
- Commercial
- Government
- Industrial
- Military & Defense
- Transportation
- Others
Perimeter Security Market - Regional Outlook (Revenue, USD
Million, 2017 - 2030)
- North America
-
- Europe
-
- Asia Pacific
-
- Latin America
-
- Middle East & Africa
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
Check out more related studies published by Grand View
Research:
- Public Safety And Security Market - The global
public safety and security market size is expected to reach
USD 812.6 billion by 2025, expanding
at a CAGR of 14.8% from 2019 to 2025, according to a new report by
Grand View Research, Inc. The rapid modernization of public safety
regulations and policies across the globe is anticipated to drive
the market growth over the forecast period.
- Barrier Systems Market - The global barrier
systems market size is expected to reach USD
24.5 billion by 2025, registering a CAGR of 9.8% from 2020
to 2025, according to a new report by Grand View Research, Inc. The
growth can be attributed to their increasing use in commercial,
residential, and high-end security applications.
- Homeland Security Market - The global homeland
security market size is expected to reach USD 452.46 billion by 2024 according to a new
report by Grand View Research, Inc. Technological advances in
homeland security across the globe are expected to drive the market
over the forecast period. Asia
Pacific is anticipated to witness considerable growth owing
to the advancements across emerging economies such as China and India.
Browse through Grand View Research's Electronic Security
Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting
company, provides syndicated as well as customized research reports
and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425
analysts and consultants, adding more than 1200 market research
reports to its vast database each year. These reports offer
in-depth analysis on 46 industries across 25 major countries
worldwide. With the help of an interactive market intelligence
platform, Grand View Research Helps Fortune 500 companies and
renowned academic institutes understand the global and regional
business environment and gauge the opportunities that lie
ahead.
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Grand View Research, Inc.
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