Dublin–(business wire)–“Global Perimeter Security Market by Components (Systems (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarm and Notification Systems) and Services), End-Use Sectors and Regions – Forecast to 2027” report , add to of ResearchAndMarkets.com Recruitment.
The global perimeter security market size is projected to grow from USD 70.8 billion in 2022 to USD 100.2 billion by 2027, at a compound annual growth rate (CAGR) of 7.2% during the forecast period. Factors driving the market expansion include increasing security breaches and perimeter intrusions worldwide, increasing demand for perimeter security solutions such as video surveillance and access control systems, and development of smart technologies such as IoT, AI, and ML. increase. However, lack of technical expertise, security training, awareness requirements, and increasing maintenance and investment costs are expected to hamper the market growth.
By service, managed services will grow at a higher CAGR during the forecast period
Based on services, the perimeter security industry is divided into two segments: professional services and managed services. Users no longer need to purchase expensive hardware or on-premises software, but can benefit from innovative video surveillance technology and management systems with managed services at a lower cost. With the help of managed services, SMEs can pay only for the functionality they need instead of paying for everything. Additionally, the features provided by managed services help enhance the level of perimeter security provided. Therefore, managed services are expected to grow at the highest CAGR during the forecast period.
By end-use sector, the commercial sector accounts for the largest market size during the forecast period
The commercial sector includes several industries such as IT & Telecommunications, BFSI, Retail, Warehousing, Media & Entertainment, Accommodation, Healthcare. The perimeter security solutions offered are intelligent and equipped with cutting-edge technology to improve the security of major commercial sectors such as banking, retail, healthcare and office buildings. Increased theft and shoplifting incidents in malls and retail stores have also increased the need for perimeter security solutions in the commercial sector. Enhancing physical site security is also important to prevent theft from businesses and malls. As a result, his CAGR in the commercial sector increased throughout the forecast period.
By system, perimeter intrusion detection systems will grow at the highest CAGR during the forecast period
System products in the perimeter security market include perimeter intrusion detection, video surveillance systems, access control systems, alarm and notification systems, barrier systems, and other systems. A perimeter intrusion detection system identifies malicious activity, logs and reports data about them, and attempts to stop them. These systems are used in facilities requiring a high degree of security, such as prisons, industry and defense. The growing need to protect external premises, growing security concerns, and technological advances in perimeter intrusion detection solutions are further driving perimeter intrusion detection systems across multiple industries such as residential, defense, and retail. Therefore, it is expected to grow at the highest CAGR during the forecast period.
market dynamics
driver
-
Security breaches and perimeter intrusions on the rise worldwide
-
Growing demand for perimeter intrusion detection systems
-
Expanded use of smart technologies such as IoT, AI, and ML
Restraint
-
lack of technical expertise
-
high investment and maintenance costs
chance
-
Increased rate of automation and industrial deployment
-
Growing Interest in Smart City Projects
Task
-
high installation costs
-
Increased false alarm triggers
Main topics:
1.First of all
2 Survey method
3 Executive Summary
4 Premium Insights
5 Market overview and industry trends
6 Perimeter Security Market by Component
7 Perimeter Security Market, By System
7.1 Introduction
7.2 Perimeter Intrusion Detection System
7.3 Video surveillance system
7.4 Access control system
7.5 Alarm and notification system
7.6 Barrier system
7.7 Other systems
8 Perimeter Security Market, By Service
8.1 Introduction
8.2 Professional Services
9 Perimeter Security Market by End-Use Sector
9.1 Introduction
9.2 Commercials
9.3 Industrial
9.4 Infrastructure
9.5 Government
9.6 Military and Defense
9.7 Residential, Educational and Religious Centers
10 Perimeter Security Market by Region
11 Competitive environment
12 Company profile
13 Adjacent Markets
14 Appendix
companies mentioned
-
Advanced boundary system
-
Alcatraz
-
Ameristar Perimeter Security
-
Avigilon
-
Axis Communications
-
Barrier1 system
-
bosch security system
-
simply
-
Dahua technology
-
density
-
fiber sense
-
Gallagher
-
hike vision
-
Honeywell
-
infinova
-
Ingersoll Rand
-
Johnson Controls
-
Covering
-
open path
-
Optex
-
panasonic
-
Perco
-
pivot chain
-
prism photonics
-
Puretech Systems
-
Raytheon Technologies
-
Rbtec Perimeter Security System
-
Scylla
-
sensor
-
site logics
-
Solaire
-
southwest microwave
-
teledyne frill
-
Thales
-
Vision
For more information on this report, please visit https://www.researchandmarkets.com/r/ojiyhj.