Perimeter Security Market Size, Share and Global Market Growth & Trends Analysis Report By Component, Deployment, Type, and Technology, and End User: Global Opportunity Analysis and Industry Forecast 2028

Perimeter Security Market Trends, outlook - 2028

Due to the COVID-19 pandemic, the global Perimeter Security market size is estimated to be worth US$ 124860 million in 2022 and is forecast to a readjusted size of US$ 186330 million by 2028 with a CAGR of 6.9% during the review period. 

Major Trends Perimeter Security Market 

Key drivers of the perimeter security industry include rising demand for video surveillance systems in industrial, infrastructure, residential, educational, and religious buildings. Alarm Monitoring and notification systems are essential as they help prevent casualties during incidents of fire and other hazardous situations. This is expected to boost the global market during the forecast period.Government, military, and defense buildings require advanced levels of security which will fuel the demand for the perimeter security market in the coming years. The huge installations of access control systems in commercial organizations will boost the growth of the market in the forthcoming period. 

What is Perimeter Security?

Perimeter Security refers to natural barriers or built fortifications to either keep intruders out or to keep captives contained within the area the boundary surrounds.

Trends Influencing Perimeter Security Market

Need for surveillance mechanisms

Digital video surveillance systems are necessary for reducing incidents related to theft, vandalism, and loss. Due to the rapid rise of illegal activities, planned crime, and security breaches residential places and industries are deploying video surveillance to curb the spread of negative activities. The quality of the video is far superior with wider viewing angles thereby reducing the cost of human security. Workplace monitoring ensures employees remain on task and maintain their conduct. The feeling of safety maximizes productivity. Smart AI-based software with distributed intelligence picks up events, activities, and specified behavior based on movement pattern identification and sends out immediate alerts to the security personnel. Intruders will find it difficult to navigate the surveillance cameras. One can easily access the stored feed from anywhere in the world through a simple connection to the internet. These factors will boost the growth of the perimeter security market during the forecast period. 

Adoption of mass notification systems

Fire hazards and extreme weather events have become frequent due to real threats arising from climate change. Early alarm and notification systems have the capacity to make a huge difference in emergency situations. Automated notification alerts are sent out to a large number of contacts thereby saving time on manual messaging for the disaster management staff. Multi-channel communication is used and advanced filters are deployed for notifying residents living in a particular geographical region. Families and residents can evacuate safely or escape any upcoming terror situation by getting the information in advance. Moreover once the emergency is over and the situation becomes normalized integrated data analytics provides detailed reports on the analysis of the current environment thereby preparing necessary authorities for future incidents. This will in turn drive the growth of the global perimeter security industry during the forthcoming period. 

Government, Military, and Defense 

Perimeter Intrusion Detection systems or PIDS come with complementing technologies such as fence sensors and remote audio-visual alarm systems. Military base stations, prisons, and government buildings are sensitive places. Smart perimeter fencing acts as a real deterrent. Whenever an intruder tries to jump, climb, cut or cross over the boundary of the area the system detects the abnormal movement patterns and sends out a quick alert to the on-ground security staff. Lucrative assets are protected. On the other hand, these systems have the capacity to offer flexibility and control with respect to local geographies and situational needs. All these factors will fuel the growth of the perimeter security market in the upcoming years. 

Importance of access control systems

Huge volumes of digital data are stored online. Information related to critical business assets, employee credentials, and data of inventory or any other equipment are at risk of unauthorized access. Advanced security tools like biometric and facial or voice recognition software provide specific information and access to a select group of people. These tools clearly demarcate who will have complete control over all the important assets in the workspace. Double layered or multi-factor authentication allows high-level monitoring of who enters or leaves the building ultimately reducing incidents of break-ins. Moreover in case of any unexpected hacking or intrusion, one can directly supervise the logging activity of any employee or visitor to check their access patterns. This is expected to boost the growth prospects of the perimeter security market during the forecast period.

High Cost 

Perimeter security systems are highly efficient. However, they are way more costly than their traditional analog counterparts. Furthermore, the rate of accuracy falls as they are susceptible to false alarms caused by weather or animals. Ensuring a reliable connection is another operational hazard. This in turn will deter the growth of the perimeter security market in the subsequent years. 

Perimeter Security Market Insights

Based on type, the video surveillance segment is expected to dominate in the perimeter security market share owing to the need for continuous capturing of images and video feeds for the complete safety of industrial and residential buildings. 

Based on application, the residential, religious, and educational buildings segment will provide lucrative opportunities for growth in the perimeter security market share due to the growing need for smart security solutions such as biometrics and sensor-based intruder detection systems and Building Automation for safety of people and their belongings in residential places. 

Based on region, North America will witness significant growth in the perimeter security market share due to the early adoption of security measures and demand from several end-user industries. 

Perimeter Security Market size and share

The market for residential, educational, and religious buildings vertical is expected to grow at the highest rate between 2018 and 2023. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and residential complexes, such as private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people, and the personal belongings in the residential sector is driving the growth of this market.

In terms of production side, this report researches the Perimeter Security capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.

In terms of sales side, this report focuses on the sales of Perimeter Security by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.

Perimeter Security Market Segment

Perimeter Security market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Perimeter Security market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.

Perimeter Security Market Segment By Type

• Perimeter Intrusion Detection Systems
• Video Surveillance Systems
• Access Control Systems
• Alarms and Notifications Systems
• Others

Perimeter Security Market Segment By Application

• Commercial and Services
• Industrial
• Infrastructure
• Government
• Military and Defense
• Resident, Educational, and Religious Buildings

By Company

• Honeywell
• Axis Communications
• Dahua Technology
• Bosch Security
• United Technologies
• Southwest Microwave
• Johnson Controls
• Rbtec Perimeter Security Systems
• Fiber Sensys
• Cias Elettronica
• Senstar Corporation
• Puretech Systems
• Hangzhou Hikvision Digital Technology

Production By Region

• North America
• Europe
• China
• Japan

Consumption By Region

• North America
• U.S.
• Canada
• Europe
• Germany
• France
• U.K.
• Italy
• Russia
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Australia
• Taiwan
• Indonesia
• Thailand
• Malaysia
• Philippines
• Vietnam
• Latin America
• Mexico
• Brazil
• Argentina
• Middle East & Africa
• Turkey
• Saudi Arabia
• U.A.E