Perimeter Security Market is projected to witness a remarkable CAGR over the forecast period, as they help keeping intruders within the restricted areas to ensure protection against burglary.

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Key Drivers

Perimeter Security market is estimated to witness a smooth growth curve over the forecast period, primarily because of the growing incidences of theft, intrusion, and terrorist threats. Government across different nations have encouraged the implementation of perimeter security system at critical areas, such as prisons, banks, government offices, military bases, and international borders, driving the market growth. Further, increasing number of smart cities and growing adoption of integrated fiber-optic intrusion detection systems will bolster the market growth. As per the report published by the Economic Times, the Indian Government has decided to build 4,000 smart cities by the end of 2023, which is expected to boost the Perimeter Security Market size in India in the upcoming years. Increasing investment in security systems across the commercial buildings/complexes sector to cater the growing safety concerns will offer enormous opportunities for the market. Moreover, the increasing adoption of Internet of Things (IoT)-based security systems and wireless technologies in security systems will further propel the market growth.

The ongoing technological advancements in the field of automation and the deployment of advanced techniques, including aerial drones, video analytics, motion sensors, remote monitoring will augment the market growth. However, high initial deployment cost and the lack of technical competence and security skills are likely to hamper the growth of the market.

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Component Segment Analysis

Based on the component, the system segment is estimated to grow at a higher CAGR during the forecast period, owing to the increasing implementation of video surveillance systems and sensors such as fiber-optic, microwave, spot vibration sensors. Growing demand of access control systems because of its ability to restrict entry only to sanctioned personnel and protecting the access of intruders in a restricted area through a pin, fingerprint or biometric pattern identification system, which is expected to bolster the market growth. Moreover, as per the perimeter security market report, growing demand for perimeter security services across several industries including power, commercial, residential, educational institutes, and others, will strengthen the segment’s growth. Increasing emphasis on capturing images with complete safety will expand the market growth.

Vertical Segment Analysis

Based on the vertical, Residential segment is expected to hold a larger share during the forecast period, owing to the increasing incidences of theft and burglary and growing need to maintain safety and security of people globally. Additionally, accelerating population, increasing number of residential complexes and private residential buildings, and the development of smart homes are augmenting the demand for security solutions, including biometrics-based electronic locks, video surveillance systems, and sensor-based intruder alarm systems, which is likely to strengthen the segment’s growth.

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Regional Analysis

Based on the region, Asia-Pacific region is expected to grow at a faster CAGR in the perimeter security market during the forecast period owing to the accelerating population, rising disposable incomes, and the growing number of residential buildings across the region. Additionally, the rising incidences of terrorist attacks, burglaries and natural calamities and the surging number of commercial and industrial buildings such as factories, healthcare facilities, educational institutes, power plants, across the developing countries including China, Japan, India, and South Korea are anticipated to boost the regional growth. On the other hand, North America is expected to witness a tremendous growth owing to the continuous research and development activities and presence of well-developed technology in the US. Rising per capita income, increasing awareness pertaining security among customers, and increasing government expenditure in defence and homeland security sectors are further supporting the market growth in the region.

Various notable players operating in the global Perimeter Security market include Honeywell International Inc., Hikvision Digital Technology Co., Ltd., Axis Communications AB, Dahua Technology Co., Ltd., Bosch Sicherheitssysteme GmbH, Southwest Microwave, Inc., Johnson Controls International Plc, RBtec Perimeter Security Systems, Fiber Sensys, Inc., and Cias Elettronica Srl, among others. 

Key Developments: 

• • In 2020, Dahua Technology introduced Retail Epidemic Safety Protection Solution to help retailers with daily operations and enhance business efficiency. The government and other organizations are continuously choosing different measures to keep the staff as safe as possible has persuaded the Retail Epidemic Safety Protection Solution to slow the spread of the virus and create a safe in-store shopping experience for customers.
  • In 2020, Honeywell declared the launch of Honeywell Forge Cybersecurity Suite. The Honeywell Forge Cybersecurity Suite improves industrial-grade remote access, expands asset discovery capabilities with active and passive functionality, and enhanced cybersecurity risk monitoring to help industrial organizations embrace remote operations.
  • In 2020, Honeywell launched a security system, Pro-Watch Integrated Security Suite, a software platform designed to help protect people and property. It provides complete visibility of all connected systems and combines access control, video surveillance, intrusion detection and other business critical functions into a single user interface. It allows organizations to complete situational awareness of their security system to protect people, property and assets. This factor is expected to enhance the product portfolio of the company.
  • In 2019 Honeywell declared the launch of Honeywell Robotics, which is an advanced technology center of excellence emphasizing on innovating and developing artificial intelligence, machine learning, computer vision, and advanced robotics for use across supply chains.
  • In 2019, Prama Hikvision, a provider of video surveillance and security systems and a joint venture company between Prama Technologies and Hangzhou Hikvision Digital Technology opened a manufacturing facility located at Vasai, India. This factor is expected to strengthen the geographical reach of the companies in India and Asia-Pacific region.
  • In 2019, Honeywell partnered with Intel Corporation for the enhancement of the security system products. With this partnership, Honeywell incorporated Intel Vision products in its MAXPRO Network Video Recorders (NVR) and Video Management Systems (VMS) that enable advanced analytics, deep learning and facial recognition capabilities.

The global Perimeter Security market has been segmented on the basis of component, verticals, and region. Based on the component, the market is segmented into Systems and Services. The system segment is further segmented into perimeter intrusion detection, video surveillance, access control systems, and alarms and notification systems, and others. The services segment is further segmented into professional services and managed services. Based on the vertical, the market is segmented into commercial and services, industrial, infrastructure, government, military and defence, residential, educational, and religious buildings.

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Key questions answered in this research report:

• • At what pace is global Perimeter Security market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Perimeter Security market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Perimeter Security market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various verticals of global Perimeter Security market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Vertical, and By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., Hikvision Digital Technology Co., Ltd., Axis Communications AB, Dahua Technology Co., Ltd., Bosch Sicherheitssysteme GmbH, Southwest Microwave, Inc., Johnson Controls International Plc, RBtec Perimeter Security Systems, Fiber Sensys, Inc., and Cias Elettronica Srl among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Perimeter Security Market by Component

• • Systems
    • Perimeter Intrusion Detection Systems
      • Sensor Types
        • Microwave Sensors
        • Radar Sensors
        • Fibre-Optic Sensors
        • Infrared Sensors
        • Others
      • Deployment Types
        • Fence Mounted
        • Buried
        • Open Area
    • Video Surveillance Systems
      • Hardware
        • Camera
        • Monitor
        • Server
        • Storage
        • Other Accessories
      • Software
        • Video Analytics
        • Video Management Software
        • Neural Network Algorithms
    • Access Control Systems
      • Hardware
        • Card-Based Readers
        • Biometric Readers
        • Multi-Technology Readers
      • Controllers
      • Access Control Management Software/Database
    • Alarms and Notification Systems
    • Others
  • Services
    • Professional Services
      • System Integration and Consulting
      • Risk Assessment and Analysis
      • Training and Education
      • Maintenance and Support
    • Managed Services

Global Perimeter Security Market by Vertical

• • Commercial and Services
  • Industrial
  • Infrastructure
  • Government
  • Military and Defence
  • Resident, Educational, and Religious Buildings

Global Perimeter Security Market by Region

• • North America Perimeter Security Market (Option 1: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Perimeter Security Market (Option 2: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Perimeter Security Market (Option 3: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Perimeter Security Market (Option 4: As a part of the free 25% customization)
    • By Component
    • By Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Perimeter Security Market Players (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc
  • Hikvision Digital Technology Co., Ltd. 
  • Axis Communications AB
  • Dahua Technology Co., Ltd.
  • Bosch Sicherheitssysteme GmbH
  • Southwest Microwave, Inc.
  • Johnson Controls International Plc
  • RBtec Perimeter Security Systems
  • Fiber Sensys, Inc.
  • Cias Elettronica Srl