Global perimeter security enterprise market is estimated to grow with CAGR of 7.4% during the forecast period 2016-2023. The global perimeter security enterprise market is anticipated to grow in terms of revenue from $14,110 million in 2015 to $23,256.9 million by the year 2022. Perimeter Security installs firewalls, routers, and sophisticated intrusion detection systems to provide significant control for successfully accessing the networks from external sources. 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 investing in 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, contributing to the growth of global perimeter enterprise security market. The global perimeter security enterprise market is primarily driven by following factors:
- Heavy investment in security systems
- Surge in infrastructure development
- High rate of perimeter intrusions
- Increasing government regulations on security
- Cost reduction in manpower
Video surveillance is expected to be the key technological market trend being followed globally which is expected to be driving sustainable long-term growth for the global perimeter security enterprise market over the forecast period 2016-2023. The increasing use of video surveillance system is due to the requirement of reducing key manpower expenditures, driving notable investments in smart city infrastructure coupled with highly stringent industry standards and government regulations for perimeter security. The consolidated unit shipments of HD CCTV in 2015 was approximately 4 million cameras compared to just about 1 million cameras during 2013 and primarily driven by growing threat of perimeter trespassing, increasing incidences of perimeter intrusions as well as stringent government regulations on perimeter security.
Source: OBRC Analysis
The global perimeter security enterprise market is segmented into services, industry verticals, systems and physical control barrier. Services are further sub segmented into:
- Integration and design
- Risk management services
- Support and maintenance
- Managed services
Industry verticals are further segmented into:
- Aerospace and defense market
- Transportation and logistics market
- Commercial buildings/complexes market
- Critical infrastructure market
- Government market
- Correctional facilities market
- Industrial applications market
- Others
Solution is further segmented into:
- Access control
- Intrusion detection sensors
- Video surveillance
- Mass notification/emergency notification system
- Physical control barriers
The revenue for the above industrial verticals are specific to global perimeter security enterprise market. However, the total revenue of these application in general has been excluded from the scope of the report. Also, the total market revenue has been calculated by summing up services & solution segments. However, the solution segment only includes software solutions and excluded hardware solutions from the scope of the report.
Geographically, the global perimeter security enterprise market is segmented into:
- North America (U.S. & Canada)
- Asia Pacific (China, India, Japan, RoAPAC)
- Europe (UK, France, Germany, RoE)
- Rest of World
North American perimeter security enterprise market accounted for $4654 million in year 2016 which is expected to reach up to $5559 million with an estimated CAGR 3.0% for the forecast period 2016-2023. The reason behind this huge market share is, North America gives huge opportunities for research and developments and hence the technology is enhancing at a higher pace. USA and Canada dominates most of the technological adoption in North American perimeter security enterprise market. Moreover, the use of perimeter security has been consistently growing across all the geographies. The primary reason is the safety and security concerns, which include not just the local criminal activities but also threats of terrorism. Another reason is the advancements made in the surveillance systems with advancement for various industries to improve the efficiency of surveillance. This has led to a number of industries that consider surveillance an extremely important tool to upgrade their solutions to.
The global perimeter security market is segmented on the basis of services, industry verticals, systems and physical control barrier. Services is further segmented into 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 2016-2023. Moreover, integration and design is expected to grow with the highest growth rate of 7.8% during the forecast period. The major application areas of perimeter security include various industries for instance, military & defense, transportation, industrial, commercial buildings and complexes, critical infrastructure, government, correctional facilities and others. On the basis of industries, the market is segmented into aerospace & defense, transportation & logistics, commercial buildings/complexes, critical infrastructure, government, correctional facilities, industrial and various other industries. Amongst the various industries, critical infrastructure held 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. 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.
The major market players of the global smart security market are:
- AB
- AXIS COMMUNICATIONS
- SENSTAR
- HONEYWELL INTERNATIONAL, INC.
- CIAS
- OTHERS
Detailed analysis of these companies provided in this report comprises of overview, SCOT analysis, product portfolio, strategic initiative and strategic analysis.
These companies are using various strategies such as merger & acquisition, collaboration, partnership and product launching. Example: Honeywell acquired Xtralis in 2016, a leader in providing smoke detection, remote visual monitoring of fire and intrusion threats. This acquisition of Xtralis provided Honeywell to develop of very early warning technologies which can detect smoke and gives emergency responders to prevent damage and injury. Moreover, Tyco merged with Johnson on September 2016. Johnson is a multi-industrial company in building products and technology. Tyco is a security provider. the merger of these two company will enhance the product portfolio in service and technology such as service capabilities across controls, fire and security solutions.
Why to buy the report:
This report will:
- Provide you the business strategies adopted by market player such as Merger, that is on in 2016, Tyco merged with Johnson to increase their product portfolio.
- Provide in detail the different segments such as services, industry verticals, systems and physical control barrier which are affecting the global perimeter security market.
- Provide you the patent analysis of the global perimeter security market.
- Identify and understand the strengths, opportunities, challenges and threat of the global perimeter security market.
- Provide revenues of major players of the market such as Honeywell, Axis communication and APS. .
- Provide you the various regulatory policies which are affecting the global perimeter security market.
How we are different from others:
At Occams we provide an extensive portfolio which is comprehensive market analysis along with the market size, market share, and market segmentations. Our report on global perimeter security market offers the longest chain of market segmentation covering major market segmentation based on products and end users. The report tracks the major market trends in the global perimeter security market such as development in video surveillance technology, content management, adoption of home cloud solutions and so on. For each market segments covered in global perimeter security market report, we provide opportunity matrix, and DROC analysis, that enable the clear growth assessment across each market segment. The report discusses competitive landscape of the global perimeter security market, with giving extensive strategy analysis of more than 15 companies. Moreover, the report discusses various models such as 360-degree analysis, See Saw analysis, and Porter five force model and so on. For high level analysis in the report we provide a comparative analysis of historic and current year data.
Key findings of the global perimeter security market.
- North America had the largest revenue share in 2016.
- Video Surveillance systems segment is the dominating market due to growing adoption of intelligent video surveillance systems.
- Integration of various security systems.
- Mergers and acquisitions is the key strategy adopted by the various market players of global perimeter security market.
- Commercial sector is the major segment of the industry verticals.
