Market Research Report
Perimeter Security - Global Market Outlook (2017-2023)
|Published by||Stratistics Market Research Consulting||Product code||560031|
|Published||Content info||164 Pages
Delivery time: 1-2 business days
|Perimeter Security - Global Market Outlook (2017-2023)|
|Published: September 1, 2017||Content info: 164 Pages||
According to Stratistics MRC, the 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.
North America registered the largest market share during the forecast period owing to the growing security need due to rising terrorist actions and criminal activities. Furthermore, strict government rules for safety and security and technological improvements are expected to fuel the growth of the market in this region.
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.