The global perimeter security market is
expected to reach USD 29.63 billion by 2025, according to a new report by Grand
View Research, Inc. The increasing threat of terrorism and the rising illegal
activities such as planned crimes, thefts, smuggling, and human trafficking
have led to a rise in the adoption of 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
internet and the latest mobile devices has made surveillance easier.
The demand for video surveillance systems
is expected to grow over the forecast period due to the large-scale investments
in smart infrastructure projects by various nations. The intrusion detection
systems have been implemented by numerous large organizations and societies in
order to protect people and valuable assets from intruders.
Perimeter security systems are expected to
find major applications in the transportation end-use segment, especially at
airports, railway stations and sea ports in various countries owing to the
increasing incidents of security breaches across territories. The Asia Pacific
regional market is expected to witness the fastest growth in the global
perimeter security market.
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Research :
Further key findings from the report suggest:
·
The market for the global perimeter
security systems is expected to grow at a CAGR of 7.6% over the forecast period
owing increasing threats across the globe
·
Owing to increased availability of multiple
safeguarding systems that need to be integrated for easy access of data, the
system integration & consulting segment is estimated to witness growth and
generate a revenue of USD 1,623.5 million by 2025
·
The access control systems segment is
anticipated to witness growth owing to large-scale implementation at IT &
Telecom organizations, registering a CAGR of 7.4% over the next eight years
·
The increasing cross-border terrorism has
resulted in high investments in military & defense segment which captured a
major market share in terms of revenue and is expected to reach USD 7,851.9
million by 2025.
·
The Asia Pacific regional market is
projected to witness substantial growth over the forecast period owing to the
increasing infrastructure developments. It is expected to attain a market size
of USD 8,770.9 million by 2025
·
Key players including Anixter International
Inc., Axis Communications AB, Honeywell International, Inc., Rbtec Perimeter
Security Systems, FLIR Systems, Inc., Puretech Systems, Senstar Corporation,
and Tyco International Ltd. dominate the global perimeter security market
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Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
perimeter security market on the basis of system, service, end-use, and region:
System Outlook (Revenue, USD Million; 2014 - 2025)
·
Access Control Systems
·
Alarms and Notification Systems
·
Intrusion Detection Systems
·
Video Surveillance Systems
·
Barrier Systems
o Active Barriers
o Passive Barriers
·
Others
Service Outlook (Revenue, USD Million; 2014 - 2025)
·
System Integration and Consulting
·
Risk Assessment and Analysis
·
Managed Services
·
Maintenance and Support
End-use Outlook (Revenue, USD Million; 2014 - 2025)
·
Commercial
·
Government
·
Industrial
·
Military and Defense
·
Transportation
·
Others
Regional Outlook (Revenue, USD Million; 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o Germany
o UK
·
Asia Pacific
o China
o India
o Japan
·
Latin America
o Brazil
o Mexico
·
Middle East & Africa
View press release of this research
report by Grand View Research: https://www.grandviewresearch.com/press-release/global-perimeter-security-market
About Grand View Research
Grand View Research,
Inc. is a U.S. based market research and consulting company, registered in the
State of California and headquartered in San Francisco. The company
provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
