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Perimeter security market to soar at 12+% CAGR and projected to reach US$ 196.60 billion by 2022 according to new research report

Industrial Market Research

The perimeter security market is forecast to reach $196.60 billion by 2022 from $110.64 billion in 2017 at a CAGR of 12.2% during (2017-2022) driven by the increasing concern for protecting business assets, employees & customers, the increasing technological developments in video surveillance, the increasing usage of internet of things (IoT) and smart technologies such as intelligence monitoring.

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Access 89 Market Data Tables and 27 Figures spread through 149 Pages and in-depth TOC on "Perimeter Security Market - Global Forecast to 2022" at www.reportsnreports.com/contacts/r….aspx?name=272477 .

The report includes the study of the key players offering perimeter security solutions and services, such as Axis Communications AB (Sweden), United Technologies Corporation (US), Dahua Technology Co., Ltd. (China), Honeywell International Inc.

(US), Southwest Microwave, Inc. (US), Hangzhou Hikvision Digital Technology Co., Ltd.

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(US), Bosch Security Systems (Germany), Johnson Controls International plc (Tyco Systems Inc.) (Republic of Ireland), RBtec Perimeter Security Systems (US), Fiber SenSys, Inc. (US), CIAS Elettronica (Italy), Senstar Corporation (Canada), and PureTech Systems, Inc.

(US). The report includes an in-depth competitive analysis of these key players in the perimeter security market, along with their company profiles, product offerings, recent developments, and key market strategies.

Target audience of the perimeter security market report is given below:

  • Government agencies
  • Perimeter security vendors
  • Independent software vendors
  • Consulting firms
  • System integrators
  • Value-Added Resellers (VARs)
  • Information Technology (IT) security agencies
  • Managed Security Service Providers (MSSPs)

The video surveillance systems segment is expected to lead the perimeter security market and projected to witness the highest growth rate during the forecast period. The advancements in video surveillance applications, such as cloud services, network cameras, and big data analytics have increased the scope of the video surveillance systems segment for wider application across different sectors.

Perimeter Security Market by Component (Systems (Perimeter Intrusion Detection, Video Surveillance, Access Control, and Alarms and Notification Systems) and Services (Professional and Managed Services)), Vertical, Region - Global Forecast to 2022 research report at www.reportsnreports.com/contacts/.aspx?name=272477 .

The perimeter security market in Asia Pacific (APAC) is expected to grow at the highest rate during the forecast period. APAC is expected to be the fastest-growing region, as it has witnessed economic development in terms of infrastructure (airports, railways, and highways) and robust growth in financial and banking services, which would serve as opportunities for the growth of the perimeter security market.

The market for residential, educational, and religious buildings vertical is expected to grow at the highest rate during forecast period. Security is a major concern in residential complexes, as well as, commercial areas and public places.

Such concerns are increasing the demand for security solutions, such as biometrics-based electronic locks and sensor-based intruder alarm systems. Moreover, residential premises are being equipped with technology platforms to help their occupants remotely access electronic devices at home through mobile devices, such as smartphones, tablets, and laptops.

Report at www.reportsnreports.com/contacts/r….aspx?name=272477 .

In the process of determining and verifying, the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (55%), Tier 2 (20%) and Tier 3 (25%) companies were contacted for primary interviews.

The interviews were conducted with various key people such as C-Level (60%), Director Level (25%), and Others (15%) from various key organizations operating in the perimeter security market. The primary interviews were conducted worldwide covering regions such as North America (40%), Europe (20%), Asia Pacific (10%), and RoW (30%).

Research Coverage: The perimeter security market has been segmented into systems, services, verticals, and regions. Perimeter security systems include perimeter intrusion detection systems, video surveillance systems, access control systems, alarms and notification systems, and others (fencing, lighting, and detection devices for metals, explosives, drugs, and chemicals).

Services offered in the application security market include the professional and managed services. The various verticals included are the commercial and services, industrial, infrastructure, government, military and defense, and residential, educational, and religious buildings.

Finally, on the basis of regions, the perimeter security market is segmented by North America, Europe, APAC, Middle East and Africa (MEA), and Latin America.

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