Global Perimeter security Market to reach USD 104.38 billion by 2027.Global Perimeter security Market is valued approximately USD 61.3 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 7.9 % over the forecast period 2021-2027. Perimeter security market is the natural barrier or the artificial barrier which is constructed across the territory or the boundary to surround it. Natural barrier can be mountain, ocean, desert while artificial barrier refers to fencing, ground surveillance, cameras, it acts as a first line of defence against the intruders.
Stringent government regulatory compliance towards the safety of nation and industries, and rising terrorist activities is a major concern.
For instance, In March 2020, Dahua technology launched the thermal body temperature monitoring camera equipped with AI which can measure the body temp and simultaneously can monitor group people up to 3-meter distance.
However, lack of technical assistance and lack of knowledge of social security and awareness about the perimeter security would impede the growth of market for the forecast period of 2021-2027.
Also, emergence of AI technologies and facial recognitions and cyber security is a vital factor of Perimeter security market growth as there are constant threat provoking from the terror organization there is huge scope for the safety and security of the nation by the respected countries.
The regional analysis of global Perimeter security market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is considered to be the leading region in this market as they have huge investment for public safety, majorly spent on surveillance cameras. Countries would invest the amount of securities for the protection of nations asset like atomic stations, port, oil fields because these are the primary source for boasting GDP of the country. Based on the surveillance and security there are lucrative growth prospectus for the perimeter security across the Asia pacific region.
Major market player included in this report are:
Johnson controls
Fiber senSys Inc
Panasonic
United technologies corporation
Flir systems
Southwest microwave
Avigilon
Advanced perimeter systems
Cias
Dahua technology
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By System:
Access Control
Alarms & Notification
Intrusion Detection
Video Surveillance
Barrier
Others
By Service:
System Integration & Consulting
Risk Assessment & Analysis
Managed Security Services
Maintenance & Support
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027
Target Audience of the Global Perimeter security Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors