The global perimeter security market size is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period. Several vital factors significantly drive the growth of the perimeter security market. Firstly, there is a notable increase in security breaches and perimeter intrusions globally, underscoring the need for enhanced security measures.
Download PDF Brochure@ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=1311
Further, the rising threat landscape fuels the demand for perimeter intrusion detection systems, which are crucial for the early detection and mitigation of potential security risks. Additionally, integrating smart technologies such as AI, ML, and the IoT is transforming the efficiency and effectiveness of security systems, enabling more sophisticated surveillance and monitoring capabilities.
Lastly, the adoption of cloud computing and the shift towards remote work have also spurred the need for robust security infrastructures that can operate flexibly and be managed remotely, further propelling the market’s expansion. These technological advancements and changing work dynamics are pivotal in driving the need for advanced perimeter security solutions.
By system segment, the perimeter intrusion detection system (PIDS) will grow at the highest CAGR during the forecasted period.
Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the perimeter security market during the forecasted period. Firstly, the increasing prevalence of sophisticated security threats and the need for advanced security measures make PIDS essential for early detection and response. PIDS technologies, which include sensors and surveillance equipment that detect unauthorized entry attempts, are becoming more advanced with the integration of AI and machine learning. These enhancements improve the accuracy and speed of threat detection, reducing false positives and enabling quicker response times. The growth of critical infrastructure projects worldwide, such as energy grids, transportation hubs, and data centers, necessitates robust security solutions that preemptively identify and mitigate potential breaches. These facilities often face higher security risks, so the demand for effective PIDS is robust. Moreover, technological advancements in PIDS, such as integrating IoT devices and wireless technology, are expanding their capabilities and applications, making them more versatile and practical in various environments, from urban centers to remote locations. These factors collectively contribute to the growing adoption and growth of PIDS.
Request Sample Pages@ https://www.marketsandmarkets.com/requestsampleNew.asp?id=1311
The commercial sector segment holds the largest market size during the forecast period by end-use sector.
The commercial end-use sector is forecasted to have the largest market size in the perimeter security market due to several factors. Firstly, commercial properties, including retail centers, office buildings, and warehouses, face diverse security threats that demand robust surveillance and access control systems. The growth of urban areas and the increasing value of commercial assets also necessitate advanced security measures to protect against theft, vandalism, and unauthorized access.
Moreover, the expansion of the retail industry and the rise of mixed-use developments that combine retail, residential, and office spaces increase the complexity of security needs, driving demand for comprehensive perimeter security solutions. Additionally, businesses are increasingly adopting IoT devices and integrating them into their security systems, further driving the growth of the perimeter security market in the commercial sector. It is further complemented by stringent regulatory and compliance requirements, which mandate businesses to invest in adequate security systems to mitigate risks and avoid potential liabilities.
Unique Features in the Perimeter Security Market
Physical barriers including fences, walls, gates, and bollards are frequently used in perimeter security measures to thwart illegal access and invasions.
Perimeter security solutions incorporate sophisticated electronic monitoring systems, such motion sensors, infrared detectors, and CCTV cameras, to identify and track any suspicious activity around the perimeter.
Intrusion alarms, vibration sensors, and perimeter beams are examples of perimeter security solutions that use IDS to identify and notify security staff of unauthorised attempts to breach the perimeter.
In order to guarantee that only authorised individuals are able to enter restricted areas, access control systems are used in perimeter security to regulate and manage entry and exit points, such as biometric access control, card readers, keypads, and turnstiles.
Strategic lighting installations to improve visibility and discourage intruders at night or in low light are examples of perimeter security systems.
Major Highlights of the Perimeter Security Market
Robust perimeter security systems are becoming more and more necessary to safeguard assets, buildings, and vital infrastructure from growing security threats like theft, vandalism, terrorism, and unauthorised entry.
Enforcing perimeter security measures is required by strict government rules and compliance standards in a number of industries, including transportation, energy, healthcare, and defence, in order to protect privacy and public safety.
Technological developments in perimeter security, including analytics, video surveillance, access control, and intrusion detection, are increasing the efficacy of security overall by decreasing false alarms and boosting detection capabilities.
Smart technologies such as drones, face recognition, IoT sensors, AI-driven analytics, and real-time alerts are being progressively integrated with perimeter security solutions to offer automated response capabilities, proactive threat identification, and real-time alerts.
In order to facilitate remote monitoring, scalability, interoperability, and integration with other security and IT systems, classic analogue perimeter security systems are gradually being replaced with IP-based systems.
Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1311
Perimeter Security Market Definition
The perimeter security market refers to the range of systems and technologies deployed to prevent unauthorized access and protect individuals and assets within a designated boundary. The market comprises physical barriers like fences, gates, and lighting and advanced technological solutions, including video surveillance, access control systems, sensors, and alarms. These components protect critical infrastructures, commercial zones, and residential areas from external threats.
Honeywell (US)
Honeywell is one of the most prominent businesses in the security industry. The company develops innovative technologies in aerospace products and services, control, sensing, and security systems for homes, businesses, and buildings; and performance materials, safety, and productivity solutions. It provides automotive goods, specialty chemicals, sophisticated electrical materials, and turbochargers. It operates through five business segments: building technologies, performance materials and technology, safety and productivity solutions, aerospace, corporate, and others.
Honeywell caters to several industries, including aerospace and travel, commercial real estate, energy, logistics and warehouses, retail, healthcare, hospitality, government and military, education, data centers, and smart cities in regions including North America, Europe, Middle East and Africa, Asia Pacific, and Latin America. In 2023, the conglomerate had a global workforce of approximately 95,000 employees. In 2022, IoT Evolution World awarded Honeywell Forge the IoT Evolution Industrial IoT Product of the Year award. The company has expanded its portfolio and market presence through partnerships and acquisitions with companies such as Elster (US), Xtralis (Ireland), Sparta Systems (US), and Sine Group (Australia), among others.
Dahua Technology (China)
Dahua Technology is a major supplier of video surveillance solutions, hardware, and services. It offers exceptional goods with innovative technology. The organization excels in embedded technology, intelligent technology, pre-treatment technology, Image processing technology, cloud storage technology, and network technology. The organization offers Premium IVS, Advanced IVS, and Analytics+ for video analytics. Premium IVS provides fundamental data analytics. Advanced IVS, a mid-level analytics tool. It also provides solutions for applications, including heat mapping, object tracking, facial recognition, and people counting. Analytics+ is a comprehensive tool that employs advanced technology to provide facial recognition, line crossing, and perimeter security. The company has filed over 1,700 patents and employs around 6,000 R&D specialists with over 20 years of experience creating and producing video surveillance solutions for professional applications. Additionally, as of 2021, the company has more than 22,000 workers.
Dahua Technology caters to retail, agriculture, gaming, healthcare, commercial, and residential industries in North America, Europe, Asia Pacific, and Latin America. The company has acquired security providers, such as Lorex, and partnered with some leading names, including Dell (US), Beijing University of Posts and Telecommunications (China), Texas Instruments, Inc. (US), Sony Corporation (Japan), and OmniVision Technologies, Inc. (US) to strengthen its market position further.
Apart from prominent vendors, other players include Panasonic, Southwest Microwave, Avigilon, Advanced Perimeter Systems, Cias, Gallagher, Ingersoll Rand, Infinova, RBtec Perimeter Security Systems, SORHEA, PureTech Systems, SightLogix, Scylla, Veesion, Pivotchain, Prisma Photonics, Openpath, Density, Barrier1 Systems, Alcatraz, and Kisi which are also evolving in the Perimeter Security market.
Panasonic (Japan) is a global provider of diversified electronics technologies and solutions for clients seeking new values via innovation across divisional lines. It offers HD cameras that have high magnification, enabling operators to extract minute information for monitoring and tracking. Such a high level of resolution records delicate hand motions even in low-light situations. Panasonic’s systems provide essential HD coverage and nuanced insight, owing to innovative capabilities like real-time face identification and built-in analytics. Panasonic provides enterprise-level technology solutions with seamless integration, interoperability, and scalability to grow the customized system. The firm offers security cameras and video surveillance systems for perimeter security sectors. Panasonic has the most diverse range of IP addressable, analog, and hybrid camera systems. Face identification and real-time face recognition are included in its Pro Smart HD systems, as are variable resolutions, to minimize overall video file size. Its video servers provide HD surveillance camera footage from any place. It also offers fiber-optic transceivers, receivers, and transmitters mainly built to interact with its security solutions.
Panasonic caters to several industries, such as artificial intelligence, automation, construction, electrical equipment, electronics, entertainment, fans, home appliances, Industrial equipment, IoT, lighting, personal computers, real estate, rechargeable batteries, robotics, and software. It has grown extensively and has 582 subsidiaries and 87 related firms worldwide. The company has a worldwide presence in North America, Europe, Asia, the Middle East, and Latin America.
CIAS (Italy) specializes in the research, development, and production of security equipment and perimeter protection systems. It is well-known domestically and globally for its microwave, infrared, triple technology barriers, and fence detection systems. Its devices secure the perimeters of nuclear power plants, high-security prisons, military and civil airports, banks, and major companies. They also secure detached residences, flats, and shopping malls. CIAS has been a cornerstone in the security sector for almost 45 years, distinguishing itself via continual technical innovation for perimeter defense. The perimeter security solutions offered by the company include perimeter protection, video analysis, fence detection, infrared barriers, and others. In 2022, CIAS enhanced its perimeter security system, integrating deep learning and digital fuzzy logic sensors with traditional security technologies for sensitive sites. Their portfolio includes microwave barriers, the innovative Micro-Ray barrier, the Sioux Pro2 1.500m system for fence protection, and the compact radar Murena Compact +. The latest addition, SYNAPSES, is a self-adaptive multisensor system that reduces false alarms and increases detection accuracy by integrating video analytics with deep learning.
CIAS’s solutions cater to many applications, ensuring high detection capability with minimal false alarms. It also caters to industrial verticals, including nuclear power plants, high-security prisons, military and civil airports, banks, detached houses, apartments, and shopping malls in North America, Europe, the Middle East and Africa, Asia Pacific, and Latin America.
MnM predicts that most businesses use inorganic growth strategies to hold their market share. In 2021–2022, the number of agreements rose significantly. MnM is expecting the rate of the accords will further increase in the perimeter security market in the coming years as startups are evolving in the following market space, having technical advancements which, with time, get acquired or partnerships with tech giants to bring the innovations in their existing solutions and increase their market share in the perimeter security market.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/perimeter-security-market-1311.html