The global perimeter protection market is expected to cross USD 276.46 billion by 2025 at an impressive CAGR of 13.46%.
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Regional Analysis
North America: The North American perimeter protection market is currently the largest regional market. North America faces a high degree of threat from terrorism and is trying to combat a growing illegal immigration problem. It also is the world’s largest economy with many commercial and industrial enterprises. These are factors which are driving the growth of the perimeter protection market in the region.
- US: The US has the largest perimeter protection market globally. A porous border with Mexico sees over 350 million border crossings a year, the vast majority of which are illegal. These routes are also responsible for the ingress of contraband into the US. Commercial and industrial enterprises in the country have a demand for perimeter protection to safeguard sensitive information and to reduce instances of product theft and pilferage. A highly urbanized society, the deployment of perimeter protection is seeing a reduction in urban crime rates due to its marked deterrent effect. These factors serve to drive the US perimeter protection market.
Europe: Europe is a highly urbanized society with a need to monitor its urban environs to detect and deter criminal activity. Its industries and commercial enterprises also generate a demand for perimeter protection.
- UK: The UK has a high demand for perimeter protection for its commercial and industrial enterprises as well as for its residential areas. A spate of terrorist activities has highlighted the gaps in its perimeter security, something the country is actively trying to overcome.
- Russia: Russia has a need to safeguard its military installations, oversee its vast land borders, enhance urban security, and provide security for its commercial and industrial enterprises.
Asia-Pacific: The fastest-growing regional market for perimeter protection is Asia-pacific. Geopolitical considerations, the need to safeguard industrial, commercial, and residential spaces, and increase in urbanization are all factors driving this market.
- India: India has sensitive borders with China, Pakistan, and Bangladesh, which need to be protected. In addition, a growing economy and efforts to combat urban crime are causing the growth of the market in the region.
- China: As the world’s largest manufacturing hub and having some of the world’s largest metropolitan areas, China is increasingly looking to perimeter protection services to enhance its security abilities. The Chinese perimeter protection market is growing at a fast rate due to the advantages perimeter protection offers over traditional protection methods.
Rest of the World: A growth of terrorism, volatile borders, a need to protect sensitive installations, and enhance security in residential areas are driving the market of this region considerably.
- Israel: Israel is a very large market for perimeter protection due to its unique geopolitical scenario, hostile borders, its occupation of Palestine, as well as being one of the most developed economies in the region. The need to safeguard residential areas as well as sensitive military and government installations also spurs the growth of the perimeter protection market in the region.
Key Players
- Honeywell International Inc.
- Schneider Electric
- Hikvision Digital Technology Co., Ltd.
- FLIR Systems
- Axis Communications AB
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Perimeter Protection MarketThe foreseeable trends of the global perimeter protection market 2020 have been shed light on in this report by Market Research Future (MRFR).
These products have found application in residential, commercial, and industrial spaces.
Increasing urbanization, coupled with rising living standards, is supposed to drive the growth of the perimeter protection market by proliferating residential applications in developed and developing regions.
Industrial sector has also been observing developments that are anticipated to attract investments into security solutions.
Commercial spaces are investing in the prevention of corporate espionage and increasing security solutions.
These factors are projected to drive the expansion of the segment in the upcoming years.
Global Perimeter Protection Market Research Report: By Component (System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Others), Services(Professional Services, Managed Services)), By End User (Government & Defense, Commercial, Industrial, Residential, others) and By Region – Forecast to 2025Market ForecastThe Global Perimeter Protection Market is expected to cross USD 276.46 Billion by 2025 at an impressive CAGR of 13.46%.SegmentationBy Component: The largest market within the component segment is the perimeter protection systems market.
They can be monitored remotely, can store image and video data for long periods, and can be deployed in all manners of environment.
Access control systems are reliable, relatively cheap, and offer significant deterrence to intruders.
Effective alarms ensure security personnel can be alerted to a perimeter breach or that the intruders themselves can be made aware that their activities have been noticed.
Professional perimeter protection services provide perimeter protection solutions as well as training for their clientele with limited interaction thereafter save for maintenance and upgradation.
The government and military market for perimeter protection is growing due to an increase in global terrorism, cross-border infiltration, and illegal immigration.
Perimeter Protection Market ReportThe foreseeable trends of the global perimeter protection market 2020 have been shed light on in this report by Market Research Future (MRFR).
These products have found application in residential, commercial, and industrial spaces.
Increasing urbanization, coupled with rising living standards, is supposed to drive the growth of the perimeter protection market by proliferating residential applications in developed and developing regions.
Industrial sector has also been observing developments that are anticipated to attract investments into security solutions.
Commercial spaces are investing in the prevention of corporate espionage and increasing security solutions.
These factors are projected to drive the expansion of the segment in the upcoming years.
The global perimeter protection market is expected to exhibit a strong 13.46% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).
This provides a foundation for accurate, reliable forecasts about the market’s growth trajectory over the forecast period from 2019 to 2025.
The competitive landscape of the global perimeter protection market is also explained in great detail in the report through detailed profiles of the major players operating in the market.
The report also examines the impact of the COVID-19 pandemic on the global perimeter protection market.Perimeter protection has become a major industry in recent years due to the growing threat of attacks and theft for commercial and governmental entities.
The increasing sophistication in cross-border infiltration and increasing geopolitical threats have driven the demand for effective perimeter protection and are likely to remain a major driver for the market over the forecast period.
The increasing threat of data theft has led to commercial bodies investing heavily in perimeter protection systems in the last few years.
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the perimeter security market include Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Honeywell International Inc., Southwest Microwave, Inc., Johnson Controls International plc, CIAS Elettronica, Senstar Corporation, PureTech Systems, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Perimeter Security Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/perimeter-security-market/download-sampleMarket Dynamicsarket dynamics The rapidly growing issues of perimeter intrusion, resulting in data theft and property damage are assumed to be a basic driving force for the growth of the perimeter security market.
According to segmentation analysis, the global security system division is based on component, vertical, and geography.
Nowadays, terrorism activities are increasing rapidly that creates the demand for perimeter security systems and this will certainly stimulate market growth.
Implementation of security systems in necessitous areas due to government support and technological advancements in the automation field will further boost the growth of the perimeter security market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
