Perimeter Security Market Projected to Gain Significant Value by 2022

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MarketsandMarkets Presents
Perimeter Security Market worth 196.60
Billion USD by 2022 http//www.marketsandmarkets.
com/Market-Reports/perimeter-security-market-1311.
html
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The report "Perimeter Security Market by
Component (Systems (Perimeter Intrusion
Detection, Video Surveillance, Access Control,
and Alarms and Notification Systems) and Services
(Professional and Managed Services)), Vertical,
Region - Global Forecast to 2022", The perimeter
security market is expected to grow from USD
110.64 Billion in 2017 to USD 196.60 Billion by
2022, at a Compound Annual Growth Rate (CAGR) of
12.2 between 2017 and 2022. The growth of the
market is primarily driven by the rise in terror
attacks worldwide. The increasing technological
developments in video surveillance is said to
have fueled the demand for perimeter security
systems and services. Furthermore, the increased
usage of internet of things (IoT) is also
expected to be contributing to the growth of the
perimeter security market.
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Browse 89 Market Data Tables and 27 Figures
spread through 149 Pages and in-depth TOC
on "Perimeter Security Market by Component
(Systems (Perimeter Intrusion Detection, Video
Surveillance, Access Control, and Alarms and
Notification Systems) and Services (Professional
and Managed Services)), Vertical, Region - Global
Forecast to 2022" http//www.marketsandmarkets.co
m/Market-Reports/perimeter-security-market-1311.ht
ml Early buyers will receive 10 customization
on this report.
 
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Perimeter Security Market 

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Based on systems, the video surveillance system
segment is estimated to lead the perimeter
security market during the forecast period Based
on systems, the perimeter security market has
been subsegmented into perimeter intrusion
detection systems, video surveillance systems,
access control systems, alarms and notification
systems, and others (fencing, lighting, and
detection devices for metals, explosives, drugs,
and chemicals). The video surveillance systems
segment is estimated to lead the perimeter
security market between 2017 and 2022. The
increasing use of video surveillance systems,
especially in the commercial and services,
industrial, and military and defense verticals
for protecting the organization of assets is said
to be enhancing the growth of the video
surveillance systems segment in the perimeter
security market.
 
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Perimeter Security Market 

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The commercial and services vertical in the
perimeter security market is estimated to hold
the largest share in 2017 The increasing
incidence of crimes, such as theft of physical as
well as data/information, has led to the need for
security systems to protect not only the property
owners, but the property as well. With this
intention, corporate organizations are investing
substantial amounts to protect sensitive data and
their employees. The high demand for security
systems in large and small retail businesses aims
at reducing robbery and inventory loss. In the
commercial sector, financial institutions and
banks are highly in need of video surveillance
systems, to provide security to the buildings,
maintain cash management, and monitor customers
and staff activities. These factors enhance the
security parameters and drive the need for video
surveillance systems in the commercial sector.

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North America is expected to dominate the
perimeter security market during the forecast
period The North American perimeter security
market is projected to be dominating during the
forecast period. The growth of this market can be
attributed to the increasing need for security
against terrorist activities, strict government
regulations for safety and security, rising
illegal immigration, technological developments
in physical security solutions, and the
increasing criminal activities in North America.

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The report encompasses the competitive landscape,
which presents the positioning of the 25 key
perimeter security systems and services vendors,
based on their product offerings and business
strategies. Some of the major solution vendors
include Axis Communications AB (Sweden), Hangzhou
Hikvision Digital Technology Co., Ltd. (US),
Dahua Technology Co., Ltd. (China), Bosch
Security Systems (Germany),  United Technologies
Corporation (US), Honeywell International Inc.
(US), Southwest Microwave, Inc. (US), Johnson
Controls International plc (Tyco Systems Inc.)
(Republic of Ireland), RBtec Perimeter Security
Systems (US), Fiber SenSys, Inc. (US), CIAS
Elettronica (Italy), Senstar Corporation
(Canada), and PureTech Systems, Inc. (US)

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