Perimeter Security Market by System (IDS, Video Surveillance, Alarms & Notification, Access Control), Service (System Integration & Consulting, Risk Assessment, Managed Services, Maintenance & Support), Vertical, Region - Global Forecast to 2020
The need for perimeter security is increasing due to a constant risk of intrusion, large-scale illegal immigration, increased crime, and theft. The benefit for deploying perimeter security solutions include protection of organizations’ infrastructure from the external threats such as unauthorized access, perimeter intrusion and other criminal acts. With growing concerns over physical intrusions, various verticals such as government and military facilities, critical infrastructure, commercial & industrial sites, and correctional facilities are securing their perimeter by deploying perimeter security systems such as intrusion detection systems, video surveillance systems, alarm systems, access control systems, and other integrated security systems.
Rise in the number of perimeter intrusions and increasing government regulations on perimeter security are the main drivers of the perimeter security market. With the emergence of video analytics, thermal imaging video surveillance and other next-generation integrated systems, the perimeter security market is expected to witness huge opportunity to grow in the next 5 years.
The perimeter security market is consolidated with key players such as Senstar, Southwest Microwave, RBtec Perimeter Security Systems, United Technologies Corporation, Tyco, and others. These players adopted various strategies such as new product developments, as well as partnerships & collaborations and business expansions, to cater to the needs of the perimeter security market.
MarketsandMarkets expects the perimeter security market size to grow from USD 14,010.3 million in 2015 to USD 20,250.6 million by 2020, at an estimated Compound Annual Growth Rate (CAGR) of 7.6% from 2015 to 2020. Also, the critical infrastructure vertical is expected to account for the largest market share throughout the forecast period. However, there are few revenue pockets, namely commercial facilities and transportation facilities, which are also expected to witness significant growth in this period.
There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise such as global economic conditions, political and technological factors.The world ecomony is assumed to be stable, exibiting a strong postive growth. Also exchange rate fluctuations will not have any significant effect on the forecasts.
The report will help the market leaders/new entrants in this market in the following ways:
1. This report segments the perimeter security market into systems, services, verticals, and regions, covering this market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub-segments. The market numbers are further split across the different verticals and regions.
2. This report will help them better understand the competitor and gain more insights to better position their business. There is a separate section on competitive landscape, including competitor ecosystem, mergers & acquisitions, and venture capital funding. Besides, there are company profiles of 10 top players in this market. In this section, market internals are provided that can put them ahead of the competitors.
3. The report helps them understand the pulse of the market. The report provides information on key market drivers, restraints, challenges, and opportunities.