Perimeter security comprises of both the systems and technologies that are used to protect the assets within a predetermined perimeter by blocking any unauthorized intrusions across that perimeter. The primary aim of applying perimeter security is to protect critical assets in commercial, private, industrial and other sites. It encompasses programmatic security policies as well as physical security of the facility. The commercial buildings/complexes sector is majorly investing for the technologies of perimeter security such as- intrusion detection devices, burglar alarms, video surveillance, access control systems, fire protection systems, and more. The key systems of security are intrusion detection, access control, and video surveillance. If each of these systems is purchased separately, training and administration can burden a company or a property owner. The intrusion alarms occur on one system, access badges are administered in a stand-alone database, and intelligent digital video technology runs on dedicated computer equipment. Each system requires service, maintenance, administration, and training. Globally, the investments in security system are very high and it is growing continuously in various sectors, fuelling the growth of perimeter security market. However, As the dependency of the consumers is increasing on perimeter security technology, the cost for manpower is rapidly as now fewer professionals are required for monitoring or handling or controlling, which is hampering the growth of the global perimeter security market. The global perimeter security market is anticipated to grow from $14,110 million in 2015 to $23,256.9 million in terms of revenue by the year 2022, growing at a CAGR of 7.4 % for the forecasted period of 2016-2022.
The global perimeter security market is majorly segmented on the basis of services, industry verticals, systems and physical control barrier. Type of services is again segmented as integration and design, risk management services, support and maintenance and managed services. Support and maintenance services are focused towards training, maintenance and technical support of perimeter security and are a very important part of the services segment. Support and services segment is expected to grow with the significant CAGR of 6.5% during the forecasted period 2016-2022. Moreover, integration and design is expected to grow by highest growth rate of 7.8% during the forecast period. The major application areas of perimeter security include various industries for instance, military & defence, transportation, industrial, commercial buildings and complexes, critical infrastructure, government, correctional facilities and others. The global perimeter security market can be segregated on the basis of industries including aerospace & defence, transportation & logistics, commercial buildings/complexes, critical infrastructure, government, correctional facilities, industrial and various other industries. Amongst the various industries, critical infrastructure holds the largest market share of around 27% in 2015. Moreover, commercial buildings are anticipated to be the fastest growing segment with a CAGR of 9.5% during the forecasted period. Moreover, in airport operating budget, security reportedly accounts for 25% with the vast majority concentrated on protecting terminals. Amongst it, perimeter protection holds a limited amount of share only due to occurrence of perimeter breaches which causes reputational damage and embarrassment. Since 9/11 there has been tremendous focus placed on airport security. The airport perimeter is widespread in miles and are the major unmanned areas of airports. But the security in these areas is limited to roving guards patrolling fences or sometimes supplemented by surveillance video or other sensors.
Geographically the report has been divided into major regions such as North America, Asia Pacific, Europe and rest of the world. Out of these regions the currently North America accounts for $4654 million in year 2016 which is expected to grow $5559 million with an estimated CAGR 3.0% for year 2016-2022. The reason behind this huge market share is, North America gives huge opportunities for research and developments and hence the technology is growing at a higher pace. This region includes countries like U.S., Canada, Mexico, etc. Out of these only two countries stand’s out for their technological development i.e. USA and Canada, these countries dominate most of the technological adoption, compared to other geographic regions. Moreover, the use of perimeter security has been consistently growing across all the geographies. The primary reason has been safety and security concerns, which include not just the local criminal activities but also threats of terrorism. Another reason has been the advancements made in the surveillance systems with advancement for various industries to improve the efficacy of surveillance. This has led to a number of industries that consider surveillance an extremely important tool to upgrade their solutions.
Top companies that are involved in Perimeter security market are; Axis communication AB, Honeywell international, INC, Senstar, Cias, Fiber sensys. INC, Filer system INC, Advanced perimeter system limited, United technology corporation, Lockheed Martin corp., Puretech system, RBTECH perimeter security system, Schneider electric SE, Southwest microwave INC and Tyco system. merger-acquisition is the key strategy that is widely being used in the market one such example is in 2016, Tyco Merged with Johnson ti increase their product portfolio.