Perimeter security can be defined as natural barriers or built fortifications for early detection of any intrusion to the guarded facility and for further alerting the guards in order to take the appropriate steps. A perimeter security system helps in keeping intruders out or captives contained within the guarded area to ensure protection against burglary and vandalism. Perimeter security systems consist of integrated elements and systems, both electronic and mechanical, including tactical radars, video sensors, fences with sensors, sensor cables, microwave and infra-red barriers, concertinas, among other systems.

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The increasing consumer awareness and security concerns, rising need for safeguarding individuals as well as assets, and the growing number of incidences of theft, burglary, and other intrusions are some of the major factors driving the growth of the perimeter security market. Additionally, the growth of smart cities, along with the rising number of commercial and industrial infrastructures throughout the world, is fuelling market growth. Moreover, the growing adoption of Internet of Things (IoT)-based security systems, coupled with the demand for the deployment of wireless technologies in security systems, is further stimulating the market growth.

Technological advancements in the field of automation and implementation of the latest techniques, including video analytics, aerial drones, motion sensors, remote monitoring is surging the demand for the perimeter security systems. Furthermore, the increasing adoption of perimeter security systems to prevent and detect intrusions in critical infrastructure, military facilities, national borders, defence offices, government offices, commercial domains, banks, and other high-security places is expected to propel 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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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. The system segment is expected to grow at a higher CAGR during the forecast period. This can be attributed to the huge demand of access control systems owing to the benefit of restricting entry only to authorized personnel and preventing the access of intruders in a guarded area through a pin, fingerprint or biometric pattern identification system. Additionally, the implementation of video surveillance systems and sensors, including microwave, radar, fibre-optic, infrared, motion, spot vibration sensors, are further supporting the demand for perimeter security systems. Moreover, increasing demand from various sectors, including residential, power, commercial, educational institutes, and others, are expected to stimulate the growth of the market over the forecast period.

Based on the vertical, the market is segmented into commercial and services, industrial, infrastructure, government, military and defence, residential, educational, and religious buildings. The residential segment is anticipated to witness a higher CAGR during the forecast period, primarily due to the increasing rate of theft and burglary and the need for safety and security of people globally. The growing population, rising number residential complexes and private residential buildings, and development of smart homes are escalating the demand for security solutions, including biometrics-based electronic locks, video surveillance systems, and sensor-based intruder alarm systems. This is expected to contribute to the growth of the market during the forecast period.

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Based on the region, Asia-Pacific region is anticipated to witness a faster CAGR in the perimeter security market during the forecast period primarily due to the rise in population, increasing per capita disposable incomes, along with 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 including educational institutes, factories, healthcare facilities, power plants, and other facilities in developing countries including China, Japan, India, and South Korea are further propelling the demand of perimeter security systems, thereby, driving the growth of the market in the region. On the other hand, North America is projected to grow at a higher CAGR owing to the high disposable income of the population, along with the growing awareness regarding safety and security among customers. Moreover, rapid economic development and high standard of living, and increasing spending of government 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, 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, 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)
    • North America Perimeter Security Market by Component
    • North America Perimeter Security Market by Vertical
    • US Perimeter Security Market All-Up
    • Canada Perimeter Security Market All-Up
  • Europe Perimeter Security Market (Option 2: As a part of the free 25% customization)
    • Europe Perimeter Security Market by Component
    • Europe Perimeter Security Market by Vertical
    • UK Perimeter Security Market All-Up
    • Germany Perimeter Security Market All-Up
    • France Perimeter Security Market All-Up
    • Spain Perimeter Security Market All-Up
    • Rest of Europe Perimeter Security Market All-Up
  • Asia-Pacific Perimeter Security Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Perimeter Security Market by Component
    • Asia-Pacific Perimeter Security Market by Vertical
    • China Perimeter Security Market All-Up
    • India Perimeter Security Market All-Up
    • Japan Perimeter Security Market All-Up
    • Rest of APAC Perimeter Security Market All-Up
  • RoW Perimeter Security Market (Option 4: As a part of the free 25% customization)
    • RoW Perimeter Security Market by Component
    • RoW Perimeter Security Market by Vertical
    • Brazil Perimeter Security Market All-Up
    • South Africa Perimeter Security Market All-Up
    • Saudi Arabia Perimeter Security Market All-Up
    • UAE Perimeter Security Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Perimeter Security 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