NEW YORK, Feb. 6, 2017 /PRNewswire/ -- KEY FINDINGS
North America accounts for the highest share and growth rate of the market from 2017-2024. The reason behind this huge market share is, North America gives huge opportunities for research and developments and hence the technology is growing at a higher pace. The use of perimeter security has been consistently growing across all the geographies with security a growing concern for all. Perimeter security comprises of both the systems and technologies that are used to protect the assets within a predetermined perimeter by blocking any unauthorized intrusions across that perimeter. The primary aim of applying perimeter security is to protect critical assets in commercial, private, industrial and other sites. It encompasses programmatic security policies as well as physical security of the facility.
The use of perimeter security has been consistently growing across all the geographies. The primary reason has been safety and security concerns, which include not just the local criminal activities but also threats of terrorism. Another reason has been the advancements made in the surveillance systems with advancement for various industries to improve the efficacy of surveillance. This has led to a number of industries that consider surveillance an extremely important tool to upgrade their solutions. The global perimeter security market is anticipated to grow during the forecast period of 2017-2024.
The global perimeter security market is majorly segmented on the basis of services, industry verticals, systems, and physical control barrier. Type of services is again segmented as integration and design, risk management services, support and maintenance and managed services. Support and maintenance services are focused towards training, maintenance and technical support of perimeter security and are a very important part of the services segment.
The major application areas of perimeter security include various industries, for instance, military & defense, transportation, industrial, commercial buildings and complexes, critical infrastructure, government, correctional facilities and others. The global perimeter security market can be segregated on the basis of industries including aerospace and defense, transportation & logistics, commercial buildings/complexes, critical infrastructure, government, correctional facilities, industrial and various other industries. Since 9/11 there has been tremendous focus placed on airport security.
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