Perimeter Security Market: Current Analysis and Forecast (2022-2028)
$3999 – $6999
Emphasis on Components (Systems (Perimeter Intrusion Detection, Video Surveillance, Access Control, and Alarms and Notification Systems), Services (Professional and Managed)); End-Use (Commercial, Government, Industrial, Military and Defense, Transportation, and Others); and Region/Country
Perimeter security is the philosophy of placing functional devices or technologies at the perimeter of a network to protect data and resources. It is part of a larger security perimeter and plays a unique role in active system protection. Perimeter security consists of systems such as firewalls and browser isolation systems. Perimeter security best practices include threat detection, monitoring detection, and pattern analysis. These systems were commonly used to prevent and detect intrusions into critical infrastructure, military installations, and other high-security locations. However, the use of these systems is picking up pace in residential and commercial areas, transit locations, retail spaces, and several other locations.
Global Perimeter Security Market is expected to grow at a growth rate of around 10% during the forecast period. The global perimeter security market is growing rapidly on the account of the growing threat of terrorism and cross-border intruders, the rising cases of perimeter intrusion, theft, and robbery, and the introduction of the latest technologies such as IP-based video surveillance cameras for remote surveillance, wireless technology, motion sensors, and aerial drones. Moreover, a rise in the development of smart cities and infrastructure is further impacting the growth of the perimeter security market. For instance, according to the White House Presidential Innovation Fellow project, local governments in the United States will invest approximately $ 41 trillion over the next 20 years to upgrade their infrastructure and take advantage of the IoT.
Honeywell International Inc., Robert Bosch GmbH, Axis Communications AB, Pelco Incorporated, Thales SA, Johnson Controls International, Panasonic Holdings Corporation, Raytheon Technologies Corporation, Teledyne FLIR LLC, and Senstar Corporation are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst components, systems segment to witness robust CAGR during the forecast period”
Based on components, the market is classified into systems and services. Among systems and services, the systems segment is expected to witness a robust CAGR during the forecast period owing to the rapid growth of video surveillance for the continuous capturing of images and complete safety. This segment mainly includes video cameras, CCTV cameras, video analytics, and intelligent video devices that can connect to multiple devices. Due to the ease of installation of video surveillance systems and their myriad of applications, they are increasingly accepted worldwide.
“Amongst end-use, the military and defense segment to hold a significant share in the market in 2020”
Based on end-use, the market is divided into commercial, government, industrial, military and defense, transportation, and others. The military and defense held a significant share of the global perimeter security market in 2020. This growth is due to a wide range of product applications in rail, and freight vehicles to protect valuable onboard assets. Government sites and offices are increasingly adopting perimeter security systems, and this segment is expected to grow significantly during the forecast period.
“North America to hold a significant share in the market”
In 2020, North America held a significant share of the global perimeter security market. This is largely due to the presence of technology hubs in the US and continuous research and development in the field. Moreover, the increasing adoption of the internet of things (IoT) and a rapidly increasing number of smart city initiatives in the region are expected to contribute to the growth of the regional market. Further on, the presence of a highly developed infrastructure and a large military and defense, transportation, oil & gas, chemical as well as other industries are also influencing the growth of the perimeter security market in the region. In addition, an increasing number of smart city projects in the region are further contributing to the growth of the perimeter security market in the region. For instance, Chicago, Illinois launched the Array of Things initiative in 2016, which consisted of a network of sensors mounted on light poles collecting real-time data on the city’s environmental surroundings and urban activities. Data collected online from AoT is accessible online for providing valuable information and resources to researchers, urban planners, and the public.
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- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
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- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
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|2.1.||Research Process of the Perimeter Security Market|
|2.2.||Research Methodology of the Perimeter Security Market|
|5||GLOBAL PERIMETER SECURITY MARKET COVID-19 IMPACT|
|6||GLOBAL PERIMETER SECURITY MARKET REVENUE (USD BN), 2020-2028F|
|7.1.1.||Perimeter Intrusion Detection|
|7.1.4.||Alarms and Notification Systems|
|8.4.||Military And Defense|
|9.1.||North America Perimeter Security Market|
|9.1.3.||Rest of North America|
|9.2.||Europe Perimeter Security Market|
|9.2.6.||Rest of Europe|
|9.3.||Asia-Pacific Perimeter Security Market|
|9.3.4.||Rest of Asia-Pacific|
|9.4.||Rest of the World Perimeter Security Market|
|11||PERIMETER SECURITY MARKET OPPORTUNITIES|
|12||PERIMETER SECURITY MARKET TRENDS|
|13.1.||Demand Side Analysis|
|13.2.||Supply Side Analysis|
|14||VALUE CHAIN ANALYSIS|
|15.1.1.||Porters Fiver Forces Analysis|
|16.1.||Honeywell International Inc.|
|16.2.||Robert Bosch GmbH|
|16.3.||Axis Communications AB|
|16.6.||Johnson Controls International|
|16.7.||Panasonic Holdings Corporation|
|16.8.||Raytheon Technologies Corporation|
|16.9.||Teledyne FLIR LLC|
Research Methodology for the Perimeter Security Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global perimeter security market were the three major steps undertaken to create and analyze the adoption of perimeter security in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global perimeter security market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the perimeter security market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the perimeter security market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as components and end-use. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the perimeter security market. Further, we conducted factor analysis using dependent and independent variables such as components and end-use of perimeter security. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the perimeter security market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global perimeter security market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the perimeter security market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global perimeter security market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global perimeter security market. data was split into several segments & sub-segments post studying various parameters and trends in the areas of components and end-use in the global perimeter security market.
The main objective of the Global Perimeter Security Market Study
The current & future market trends of the global perimeter security market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the perimeter security market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of components and end-use
- Define and analysis of the regulatory framework for the perimeter security industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the perimeter security market for the major region
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World
- Company profiles of the perimeter security market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry