Perimeter Security Market Analysis

Component {Systems (Video Surveillance System, Access Control System, Perimeter Intrusion Detection System), Services (Professional Services, Consulting, Training & Education, Maintenance & Support)}

The global perimeter security market is segmented and analyzed for demand and supply by components into type as systems (video surveillance system, access control system, and perimeter intrusion detection system) and services (professional services, consulting, training & education and maintenance & support). Out of the two types of perimeter security, the systems segment is estimated to gain the largest market share of about 42% in the year 2037. The growth of the segment can be attributed to the growing concerns regarding safety and security of the public, rise in criminal activities, terrorism along with growing adoption of IP cameras. The video surveillance system in the segmentation is expected to hold the largest market share throughout the forecast period.  For instance, by the end of 2021, more than one billion surveillance camera has been estimated to installed around the world. Moreover, it was identified that the video surveillance security cameras demand is expected to grow as cameras are revolutionizing, and there has been newer technologies adoption. Therefore, it is expected to rise the growth of the segment in global perimeter security market.

End-user Vertical (Commercial, Industrial, Infrastructure, Defense, Residential)

The global Perimeter Security market is also segmented and analyzed for demand and supply by end-user vertical into commercial, industrial, infrastructure, defense and residential. Amongst these five segments, the commercial segment is expected to garner a significant share of around 26% in the year 2037. Rising need and demand for perimeter security systems in retails, media, IT, telecom, banking, workspaces, are the major reason for the growth of this segment. On the other hand, the increasing demand of the security systems in industries, and the rising government investment for commercial purpose is another factor that is expected to contribute to the growth of the segment. For instance, the German government invested EUR 350 million for the Smart City Project. This is to ensure an integrated safe system for the municipalities. This, as a result, is anticipated to create numerous opportunities for the growth of the segment in the coming years.

Our in-depth analysis of the global market includes the following segments: