Perimeter security market driven
by threat of increased terrorism
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. This is according
to the latest research by anaylsts from Marketsand-
markets, and they also believe that the growth of this
market is primarily driven by the rise in terror attacks
worldwide.
Hadapsar, India
The increasing technological de-
velopments in video surveillance
is said to have fuelled the demand
for perimeter security systems
and services. Furthermore, the
increased usage of the internet of
things (IoT) is also expected to be
contributing to the growth of the
perimeter security market.
Based on systems, the re-
searchers have sub-segmented the
perimeter security market into
perimeter intrusion detection sys-
tems, 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 in-
creasing use of video surveillance
systems, especially in the com-
mercial and services, industrial,
and military and defence verticals
for protecting the organisation of
assets is said to be enhancing the
growth of the video surveillance
systems segment in the perimeter
security market.
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
organisations are investing sub-
stantial amounts to protect sensi-
tive 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, fi-
nancial institutions and banks are
greatly in need of video surveil-
lance systems, to provide security
to the buildings, maintain cash
management, and monitor
customer and staff activities.
These factors enhance the security
parameters and drive the need for
video surveillance systems in the
commercial sector.
The North American perime-
ter security market is projected to
be dominating during the forecast
period. The growth of this market
can be attributed to the increas-
ing need for security against
terrorist activities, strict govern-
ment regulations for safety and
security, rising illegal immigra-
tion, technological developments
in physical security solutions, and
the increasing criminal activities
in North America.
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