Perimeter Security Market in video surveillance systems segment is expected to lead the industry at Compound Annual Growth Rate (CAGR) of 12.2% to reach 196.60 billion by 2022.
This industry 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.
The Perimeter Security Market ecosystem includes R&D associations, manufacturers and suppliers, software solution providers, and end-users. The perimeter security market comprises major players, such as Axis Communications AB (Sweden), United Technologies Corporation (US), Hangzhou Hikvision Digital Technology Co., Ltd.(US), Bosch Security Systems (Germany), Dahua Technology Co., Ltd. (China), Honeywell International Inc.
(US), Southwest Microwave, Inc. (US), 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 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
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.
Order complete report on Perimeter Security Market by Component (Systems (Perimeter Intrusion Detection, Video Surveillance, Access Control, and Alarms and Notification Systems), now available at
- Microquadrant Overview
- Visionary Leaders
- Dynamic Differentiators
- Emerging Companies
- Competitive Benchmarking
- Strength of Product Portfolio in the Perimeter Security Market
- Business Strategy Excellence Adopted in the Perimeter Security Market
In-depth interviews were conducted with Chief Executive Officers (CEOs), marketing directors, innovation and technology directors, and executives from various key organizations operating in the perimeter security market place.
- By Company Type: Tier 1:55%, Tier 2:20%, and Tier 3: 25%
- By Designation: C-Level:60%, Director Level:25%, and Others: 15%
- By Region: North America:40%, Europe: 20%, APAC: 10%, and RoW:30%
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.
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