The global perimeter protection market is expected to cross USD 276.46 billion by 2025 at an impressive CAGR of 13.46%.
Segmentation
By Component: The largest market within the component segment is the perimeter protection systems market. A vast category, perimeter protection encapsulates perimeter intrusion detection systems, video surveillance systems, access control systems, alarm & notification systems, and others. Perimeter intrusion detection systems excel in detecting a breach in the perimeter and their quick response time allows for effective countermeasures to be deployed. Video surveillance systems are affordable and can easily plug the gaps within a security perimeter. 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. They can be remotely operated, passcode operated, passkey operated, or operated using retinal scans as well as thumbprints. Alarms and notifications play a huge role in perimeter protection. 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. The perimeter services segment is further subdivided into two categories, professional services and managed services. Professional perimeter protection services provide perimeter protection solutions as well as training for their clientele with limited interaction thereafter save for maintenance and upgradation. Managed perimeter protection services provide the actual perimeter protection service for their clients.
By End User: By end user, the largest market is the commercial perimeter protection services market. Commercial enterprises need to safeguard sensitive information and prevent corporate espionage. Commercial enterprises also deter theft with the implementation of perimeter protection. The government and military market for perimeter protection is growing due to an increase in global terrorism, cross-border infiltration, and illegal immigration. The US-Mexico border is an example of how perimeter protection is being used to safeguard more than 3000 km. The defense of government and military installations is also a critical aspect of this market segment. Industrial plants and warehouses are usually situated in remote locations and cover vast areas, making manned protection difficult, costly, and time-consuming. The use of perimeter protection in these areas significantly reduces infiltration and lessens the manpower burden to oversee security for such large areas. Residential perimeter protection is a growing market largely due to an increase in urbanization and a subsequent increase in urban crimes. The employment of perimeter protection for residential buildings and houses also has a marked deterrent effect.
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.
Key Players
- Honeywell International Inc.
- Schneider Electric
- Hikvision Digital Technology Co., Ltd.
- FLIR Systems
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research and Consulting Services.
Contact:
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
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