Perimeter Security Global Market Report 2024

Perimeter Security Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on perimeter security market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for perimeter security? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The perimeter security market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Component: System; Service
• 2) By End-Use: Transportation; Commercial; Government; Military; Defense; Other End-Users
• Subsegment: Perimeter Intrusion Detection Systems; Video Surveillance Systems; Access Control Systems; Alarms and Notifications Systems; Other Systems; System Integration; Consulting; Risk Analysis and Analysis; Managed Security Services; Maintenance and Support
• Companies Mentioned: Honeywell International Inc.; Axis Communications AB; Zhejiang Dahua Technology Co. Ltd.; Bosch Security Systems, Inc.; United Technologies Corporation
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Perimeter security stands as a multifaceted system integrated within devices, offering inherent protection by actively monitoring the area for potential threats. Serving as the initial defense line, perimeter security shields networks from a multitude of threats that could compromise connected systems.

The fundamental elements of perimeter security encompass both systems and services. These systems are dedicated to detecting intruders within premises, constituting an alarm system designed to surveil and safeguard the perimeter, thwarting unauthorized access and serving as a deterrent. Various systems are included, such as perimeter intrusion detection, video surveillance, access control, alarms, notifications, and more. Additionally, a spectrum of services, including system integration, consulting, risk analysis, managed security services, and maintenance, cater to sectors like transportation, commercial enterprises, government, military, defense, among others.

The perimeter security market research report is one of a series of new reports from The Business Research Company that provides perimeter security market statistics, including perimeter security industry global market size, regional shares, competitors with a perimeter security market share, detailed perimeter security market segments, market trends and opportunities, and any further data you may need to thrive in the perimeter security industry. This perimeter security market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The perimeter security market size has grown strongly in recent years. It will grow from $68 billion in 2023 to $74.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth observed in the historic period can be linked to various factors, including an increase in security threats and incidents, global events such as terrorism, urbanization leading to infrastructure development, the evolution of risk management practices, and heightened concerns regarding cybersecurity.

The perimeter security market size is expected to see strong growth in the next few years. It will grow to $105.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The anticipated growth in the forecast period can be attributed to several factors, including the rising demand for biometrics, integration of cyber-physical security measures, the adoption of cloud-based solutions, the need for scalable security options, and the utilization of environmental sensors. Major trends in this period are expected to revolve around interoperability and integration, predictive maintenance, emphasis on energy efficiency and sustainability, mobile integration and control, and the implementation of environmental sensors for anomaly detection.

The escalating threat posed by terrorism and cross-border intrusions is poised to drive the expansion of the perimeter security market. Terrorism, characterized by the wrongful use of force and intimidation to advance political goals, alongside cross-border intrusions, is on the rise, serving as means to exert influence and meet diverse national and group interests. Perimeter security, employing advanced technology, constitutes the primary defense in safeguarding critical assets, information, and individuals. According to the Global Terrorism Index by the Institute for Economics & Peace in 2023, terrorist attacks in 2022 turned deadlier, averaging 1.7 deaths per attack compared to 1.3 in 2021, underscoring the surge in this threat. Consequently, the growing peril of terrorism and cross-border intrusions is expected to propel the perimeter security market's growth.

The burgeoning pace of urbanization is anticipated to fuel the expansion of the perimeter security market. Urbanization, stemming from economic development and industrialization, transforms rural areas into urban centers. Perimeter security plays a pivotal role in enhancing safety by establishing protective perimeters and deploying sensor-based surveillance systems to monitor and regulate access to urban zones. As reported by the World Bank Group in April 2023, over half of the global population currently resides in urban regions, expected to reach 6 billion by 2045, signifying a 1.5-fold increase. Thus, the upsurge in urbanization acts as a catalyst for the perimeter security market's growth.

Technological advancements stand as a prominent trend influencing the perimeter security market's trajectory. Key market players concentrate on developing cutting-edge technological solutions, such as integrated off-grid security systems, to augment security measures. Integrated off-grid monitoring systems, encompassing solar power technology, 4G network transmission, and AI-powered video surveillance, offer a comprehensive monitoring solution, especially for outdoor areas with limited electricity and network accessibility. Zhejiang Dahua Technology Co., Ltd. introduced an integrated off-grid security solution in January 2022, aiming to provide efficient monitoring in such environments.

Major players in the perimeter security market are dedicated to developing next-generation perimeter intrusion detection systems (PIDS) to fortify security for high-risk sites and critical infrastructure. These advanced security solutions leverage cutting-edge technologies, including sensor integration, to enhance real-time monitoring and detection of unauthorized breaches along physical boundaries. For instance, Heras launched GeoMic and GeoPoint perimeter intrusion detection systems in May 2021. These systems, employing discreet microphonic sensor cables and distributed sensors along fence lines, offer precise intrusion detection and seamless integration with existing security measures, catering specifically to high-security sites and critical infrastructure.

In December 2021, ASSA ABLOY, a Sweden-based company specializing in locks, doors, gates, and entrance automation, completed the acquisition of B&B Roadway and Security Solutions for an undisclosed sum. Through this strategic move, ASSA ABLOY aims to bolster its presence and geographical coverage within the United States. B&B Roadway and Security Solutions, based in the U.S., is known for manufacturing a range of solutions pertaining to roadway safety, traffic control, and perimeter security.

Major companies operating in the perimeter security market report are Honeywell International Inc., Axis Communications AB, Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems, Inc., United Technologies Corporation, Southwest Microwave Inc., Johnson Controls International PLC, Rbtec Perimeter Security Systems, Fiber Sensys Inc., Senstar Corporation, Puretech Systems, Atrity Info Solutions Private Limited, Hangzhou Hikvision Digital Technology Co. Ltd., Sicurit Perimeter Protection Systems Partner, Advanced Perimeter Systems Limited, Avigilon Corporation, Checkpoint Systems Inc., CIAS Elettronica Srl, FLIR Systems Inc., F-Secure Corporation, Genetec Inc., Hanwha Techwin Co. Ltd., Hikvision Digital Technology Co. Ltd., Milestone Systems A/S, Optex Co. Ltd., Panasonic Corporation, Pelco Inc., RISCO Group Ltd., SightLogix Inc., Texecom Ltd., Vanderbilt Industries LLC, Zaun Ltd.

North America was the largest region in the perimeter security market in 2023. The regions covered in the perimeter security market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the perimeter security market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The perimeter security market includes revenues earned by entities by providing intrusion detection systems, threat identification, surveillance detection, pattern analysis barrier systems, and professional security services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.