Perimeter Security Market by Component, and Regions— Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020–2026

The Global Perimeter Security Market is valued to reach USD 282.26 Billion by 2025, growing at CAGR of 12.0% over the forecast period 2020–2026. Increasing threat of terrorism and cross border intrusions, deployment of wireless technologies in security systems coupled with adoption of Internet of Things (IoT)-based security systems are the factors driving the market.

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Perimeter security enables a high security to protect employees, and assets from unauthorized intrusion in sensitive areas. The basic element in ensuring protection designs to buildings depends on the size of threat. This involves a protective barrier system located at the minimal stand-off. This is much different in urban situations for which alternative measures are to be taken appropriately. A perimeter security design entails two design characteristics, i.e. perimeter barrier and access control points. The perimeter barrier prevents unauthorized entry of vehicles from entering prohibited zones. Access control points enable screening of pedestrians at various locations before passing through the perimeter barrier.

For instance, perimeter security is highly needed in sensitive areas such as government buildings, museums, asylum and rehab institutions, etc. To ensure effective setup of perimeter security, a positive working relation between residents and staff is necessary with a radical understanding. The concept of effective video surveillance within schools, hospitals and wherever needed at public places is gaining a huge traction in the contemporary era. This has helped in controlling heinous crimes happening in the society. Moreover, use of advanced technology has created a niche market for perimeter security in the recent years. Increase in employment rate and demand for security business is likely to induce a high demand for perimeter security market in the forthcoming years.

Perimeter Security Market Trends, Drivers and Opportunities:

Rising consumer awareness for social security, need for protection of assets and use of wireless technologies is more likely to propel the perimeter security market. This involves security from terrorist attacks, burglaries and natural calamities. Rise in concerns for personal safety among civilians is more likely to result in a high number of installations in the upcoming period. Moreover, technological advances such as use of wireless devices and installation of software-as-a-service (SaaS) via cloud technology is highly evident in the upcoming period. Rise in demand for spy cameras offers lucrative growth opportunities that are boosting the demand for video surveillance systems by leap and bounds. However, the lack of technical competence and dearth of security skills is likely to hamper the market growth in the forecast period.