Perimeter Security Market Segmentation:
Component
The systems segment is estimated to account for 42% market share by 2035. The segment domination can be attributed to 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.
End-user Vertical
The commercial segment is expected to garner around 26% share by 2035. Rising need and demand for perimeter security systems in retails, media, IT, telecom, banking, workspaces, are the major reason for the segment growth. 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 segment expansion. 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.
Our in-depth analysis of the global market includes the following segments:
|
By Components |
Systems
Services
|
|
By End User Vertical |
|
