After an exhaustive analysis of the industry, the resultant report starts with a brief but an informative overview. The overview contains the market definition, prominent applications, along with the manufacturing techniques employed. With the aim of analyzing the global Perimeter Security market, data analysts dive into the competitive scene as well as the latest industry trends, and key regions. The report also offers the product’s price margins combined with the challenges encountered by the manufacturers. In addition, it provides a comprehensive understanding of various dynamics that have a significant impact on the Perimeter Security market. The report highlights the market situation while keeping 2019 as the base year, and the forecast period ends by 2025.
Global Perimeter Security market is expected to grow from $95.26 billion in 2016 to reach $224.89 billion by 2023 with a CAGR of 13.0%. Factors such as rising number of perimeter intrusions, increasing urban infrastructure across the globe, strict government rules and rising technological advancement in perimeter security are fueling the market growth. However, high investment cost & maintenance requirements, lack of technical expertise and awareness are restricting the market. In addition, development of next-generation integrated systems provides ample of opportunities for the market growth.
Perimeter security as systems and technologies protect people and assets within a facility and its grounds by blocking unauthorised physical intrusions across the perimeter. Perimeter security systems use covert technology to create an unseen wall of protection around property, ready to alert to the presence of an intruder at the very earliest opportunity. In the future, perimeter security could become part of a connected technology system, which is able to profile specific locations, and match the skills and competencies of manpower required for each area.
Residential, Educational, and Religious Buildings segment is anticipated to register highest CAGR attributed to the rate of theft and robbery is rising globally, security is becoming a main concern for individuals and residential complexes, such as private residential buildings. Such concerns are increasing the command for security solutions, which include biometrics-based electronic locks and sensor-based intruder alarm systems. Thus, the growing need for safety and security of people, and the personal belongings is driving the growth of this market.
With regards to key players, the report gives a detailed comprehension of the market’s competitive outlook paired with the ongoing trends in the manufacturing space. The report sheds light on a number of esteemed vendors that are competing in the market, including established as well as new players.
Some of the key players in global Perimeter Security market include Anixter International, Axis Communications AB, Hangzhou Hikvision Digital Technology Co., Ltd., Honeywell International Inc., Senstar Corporation, Puretech Systems, Inc., Cias Elettronica, Fiber Sensys, Inc., Johnson Controls International PLC, Rbtec Perimeter Security Systems, Southwest Microwave, Inc., United Technologies Corporation, Dahua Technology Co., Ltd., Bosch Security Systems and Advanced perimeter systems ltd.
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o Video Surveillance Systems
o Access Control Systems
o Alarms and Notification Systems
o Perimeter Intrusion Detection Systems
o Other Systems
o Managed Services
o Professional Services
End Users Covered:
• Military and Defense
• Commercial and Services
• Residential, Educational, and Religious Buildings
Drivers and Challenges
In addition to giving an insight into the fundamental dynamics shaping the Perimeter Security market, the report also examines a variety of volume trends along with the pricing history and market value. On top of this, numerous potential growth factors, challenges, coupled with opportunities, are appraised to get a precise understanding of the market altogether.
Method of Research
To get an understanding of the market potential in the coming years, the market is scrutinized with respect to various parameters that are part of the Porter’s Five Force Model. Besides, the data analysts also use the SWOT on account of which the report offers explicit information about the Perimeter Security market. The thorough analysis of the market aids in identifying and highlighting its key strengths, weaknesses, risks, and opportunities.
Table of Content
1 Executive Summary
3 Market Trend Analysis
8 Key Developments
9 Company Profiling
9.1 Anixter International
9.2 Axis Communications AB
9.3 Hangzhou Hikvision Digital Technology Co., Ltd.
9.4 Honeywell International Inc.
9.5 Senstar Corporation
9.6 Puretech Systems, Inc.
9.7 Cias Elettronica
9.8 Fiber Sensys, Inc.
9.9 Johnson Controls International PLC
9.10 Rbtec Perimeter Security Systems
9.11 Southwest Microwave, Inc.
9.12 United Technologies Corporation
9.13 Dahua Technology Co., Ltd.
9.14 Bosch Security Systems
9.15 Advanced perimeter systems ltd
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