Perimeter Security Systems and Solutions Market: Rising Security Threats to Push Market Growth
Perimeter security refers to the integration of systems and technologies to protect assets within a perimeter by blocking unauthorized physical intrusions. Perimeter security solutions deploy technologies such as access control systems, video surveillance systems, intrusion detection systems, and alarms/communication and notification systems to meet the demands of security. Nowadays, security systems deploy various sensors such as infrared, radar, microwave, and seismic sensors along with video surveillance and communication systems. The global perimeter security systems and solutions market is expected to be augmented by the rising security threats around the world.
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Growing Demand for Integrated Systems to Open New Avenues for Global Perimeter Security Systems and Solutions Market
Growing prevalence of terrorism worldwide has boosted the demand for perimeter security systems and solutions. With government regulations stressed on securing critical infrastructural sites such as oil and gas fields, nuclear power and research plants, chemical industries, and defense sites, the global perimeter security systems and solutions market will be growing positively in the coming years. The accuracy offered by technological perimeter solutions at reduced manpower costs will further propel the market growth, aided by its easy availability in accordance with present-day infrastructure standards.
However, economic slowdown might restrict the overall growth of the market. As revenues decline in various industries, organizations tend to curb the additional costs for advanced security solutions. The global perimeter security systems and solutions market has a huge opportunity to grow with the rapid usage of video analytics and the growing demand for integrated systems.
Video Surveillance Systems to Register Highest Growth in Global Perimeter Security and Solutions Market
Based on application, the global perimeter security systems and solutions market has been divided into commercial and transport facilities, system integration consultancy, and video surveillance systems. During the next couple of years, the commercial and transport facilities segment is expected to dominate the overall market. With growing usage of video surveillance cameras for perimeter security, the video surveillance systems segment would register the highest growth in the market in the near future. Among end users such as the oil and petrochemical industries, hazardous industries, and power stations, various technologically advanced solutions including sensors and thermal imaging are being integrated into the perimeter security solutions.
North America Dominates Global Perimeter Security Systems and Solutions Market
Geographically, the global perimeter security systems and solutions market has been divided into four key regions: Asia Pacific, North America, Europe, and Rest of the World. North America has emerged as the leading market for perimeter security systems and solutions. However, during the next couple of years, Asia Pacific and Rest of the World are expected to emerge as promising markets.
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Key Players in Global Perimeter Security Systems and Solutions Market
Some of the key players in the global perimeter security systems and solutions market are Lockheed Martin Corporation, Honeywell International Inc., Fiber SenSys Inc., FLIR Systems Inc., United Technologies Corporation, Schneider Electric, Anixter Inc. (U.S.), Bosch Group from Germany, Axis Communications AB (Sweden), NICE Systems Ltd. (Israel), Xtralis Pty Ltd. (Ireland), AVS Electronics (Italy), and Axxonsoft (Russia).