Global $196.6 Billion Perimeter Security Market 2017-2022: Evolution of Next-generation Integrated Systems & Increasing Urban Infrastructure
DUBLIN, September 7, 2017 /PRNewswire/ --
The "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" report has been added to Research and Markets' offering.
The overall perimeter security market is estimated to be 110.64 Billion in 2017 and expected to reach USD 196.60 Billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.2% from 2017 to 2022
The growth of this market is said to be propelled by the necessity to safeguard individuals as well as assets from the rapidly evolving threats, the increasing consumer awareness and security concerns, the willingness to pay for security systems, the growing demand for the deployment of wireless technologies in security systems, and the adoption of Internet of Things (IoT)-based security systems.
The market for residential, educational, and religious buildings vertical is expected to grow at the highest rate between 2017 and 2022. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and residential complexes, such as private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics-based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people, and the personal belongings in the residential sector is driving the growth of this market.
At present, North America is expected to hold the largest share of the global perimeter security market. The rising need for security against increasing terrorist activities, illegal immigration, and criminal activities are said to be the major factors enhancing growth of the perimeter security market in North America. Furthermore, strict government regulations for safety and security, and technological developments in perimeter security solutions, such as video surveillance, are expected to fuel the growth of the market in this region.
The perimeter security market in Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The growth of the perimeter security market in APAC can be attributed to the continuous rising investment of big and small organizations for physical security measures. Furthermore, the increasing demand for perimeter security solutions in growing economies, such as India, China, Australia, and Japan, is also influencing the growth of the perimeter security market in the APAC region..
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Perimeter Security Market Analysis, By Component
7 Perimeter Security Market Analysis, By Vertical
8 Geographic Analysis
9 Competitive Landscape
10 Company Profiles
11 Appendix
- Axis Communications AB
- Bosch Security Systems
- Cias Elettronica
- Dahua Technology Co., Ltd.
- Fiber Sensys, Inc.
- Hangzhou Hikvision Digital Technology Co., Ltd.
- Honeywell International Inc.
- Johnson Controls International PLC
- Puretech Systems, Inc.
- Rbtec Perimeter Security Systems
- Senstar Corporation
- Southwest Microwave, Inc.
- United Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/research/7dhrr5/perimeter
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