LONDON, Nov. 13, 2014 /PRNewswire/ -- The North America perimeter security market is expected to grow from $4.26 billion in 2014 to $5.17 billion in 2019 at CAGR of 3.9% for the period 2014 to 2019. The market is primarily driven by the stricter government regulations and global terrorism threats.
Perimeter security is provided to the outdoor premises of various sites/areas such as critical infrastructures, public facilities, government and defense facilities which are prone to risks involving human life and intellectual and physical property. Perimeter security is imperative due to the increasing number of threats, which may disrupt the operations of the infrastructure and lead to huge losses. The perimeter security systems are comprised of Intrusion Detection System (IDS), video surveillance systems, communication/alarms and notification systems, and access control systems.
North America has witnessed major terrorist and criminal incidents in the recent years. The 9/11 attack has put perimeter security solutions' implementations on a high priority list in the region. This has led to huge investments in the North American perimeter security market. U.S. spends the highest amount of its budgets on the nation's defense and perimeter security deployments which further fuels the North America market growth. The market is very mature in the region and hence needs innovative technologies to drive it further.
The North America Perimeter Security report further provides competitive benchmarking of leading players in the industry such as Honeywell International, Anixter Inc., Axis, Senstar, Xtralis, and others, in terms of their product offerings, key strategies and operational parameters. The report provides market trends, overall adoption scenarios, competitive landscapes and key drivers, restraints and opportunities in this market. The report aims in estimating the current size and the future growth potential of this market across the different verticals and countries.
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