The global perimeter security market size is expected to
reach USD 29.6 billion by 2025, according to a new report by Grand View
Research, Inc., expanding at a CAGR of 7.7% over the forecast period.
Increasing insecurities among civilians and rising illegal activities, such as
planned crimes, thefts, smuggling, and human trafficking, have resulted in a
rise in the adoption of perimeter security systems.
Technological proliferations have led
to the growth of smart cities and infrastructure. As a result, implementation
of security systems at commercial complexes, entertainment hubs, and public
sites is on the rise. Integration of these safety systems with internet and the
latest mobile devices has made surveillance easier.
Perimeter security systems are used to
detect intrusion to any of the guarded facility and later alert the guards in
order to take the subsequent steps. They ensure the safeguarding of the
privately owned lands or industrial facilities and are also widely used in
security systems and alarms, such as intruder alarms and video surveillance
systems.
These systems can protect not only the
insides of business or industrial premises but also the articles and objects of
value located within the guarded area to ensure the protection against
vandalism and burglary. They are widely used in facilities with large ground
areas, such as logistical centers and business centers. Moreover, they find
their application in industrial enterprises and factories as they have
significant property assets.
Browse full research report on Perimeter Security Market: https://www.grandviewresearch.com/industry-analysis/perimeter-security-market
Further key findings from the study suggest:
- The system integration and consulting service segment
dominated the market in 2018 and is estimated to generate a revenue of USD
3.2 billion by 2025. These services help businesses create opportunities
to drive high performance and accelerate business innovation
- The video surveillance system segment is anticipated to
witness the fastest growth and expand at a CAGR of 8.7% over the forecast
period owing to growing concerns over public safety, surging demand for spy
cameras, and increasing adoption of IP cameras
- Based on the end use, the military and defense segment
captured a major market share in terms of revenue and is expected to reach
USD 7.9 billion by 2025
- The market in Asia Pacific is projected to witness substantial
growth over the forecast period owing to increasing infrastructure
developments. It is expected to reach USD 8.8 billion 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 market.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/perimeter-security-market/request/rs1
Grand View Research has segmented the global perimeter security
market on the basis of system, service, end use, and region:
Perimeter Security System Outlook (Revenue, USD Million, 2014 -
2025)
- Access
Control
- Alarms
& Notification
- Intrusion
Detection
- Video
Surveillance
- Barrier
- Others
Perimeter Security Service Outlook (Revenue, USD Million, 2014 -
2025)
- System
Integration & Consulting
- Risk
Assessment & Analysis
- Managed
Security Services
- Maintenance
& Support
Perimeter Security End Use Outlook (Revenue, USD Million, 2014 -
2025)
- Commercial
- Government
- Industrial
- Military
& Defense
- Transportation
- Others
Perimeter Security Regional Outlook (Revenue, USD Million, 2014 -
2025)
- North
America
- U.S.
- Canada
- Europe
- France
- Germany
- U.K.
- Asia
Pacific
- China
- India
- Japan
- Latin
America
- Brazil
- Mexico
- Middle
East & Africa
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 info visit @ https://www.grandviewresearch.com
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