Perimeter Security Market Share

North American Market Forecast

The North American perimeter security market, amongst the market in all the other regions, is projected to hold the largest market share of about 42% by the end of 2037. The growth of the market can be attributed majorly to the increasing frequency terrorist attacks and to the presence of technology hubs investing in the R&D of the perimeter security field. It is also noted that the increased use of IoT in the region is expected to contribute to the regional growth of perimeter security market. For instance, larceny theft accounted for more than 16 percent of all the theft in the United States, in the year 2019. Further, the presence of multiple technological hubs in the region, along with government supportive policies are anticipated to contribute to the market growth in the region. In 2021, the US government allocated $19 Billion for cybersecurity and perimeter security systems of the country.

APAC Market Statistics

The Asia Pacific perimeter security market, amongst the market in all the other regions, is projected to hold the second largest share of about 28% during the forecast period. The growth of the market can be attributed majorly to the increasing developments in infrastructure, along with strict government measures. The increasing incidences of crime such as personal crime, data theft, terrorist calls have all led to the need for perimeter security systems and thereby boosting the perimeter security market growth over the forecast period in the region. In addition, the regions expanding investment in the R&D of Perimeter Security systems are also anticipated to boost the market during the forecast period.

Europe Market Forecast

Further, the market in the Europe, amongst the market in all the other regions, is projected to hold a majority of the share by the end of 2037. The growth of the market can be attributed majorly to the increasing demand for perimeter security systems as a response to rising fire and other hazardous conditions. The deployment of peripheral intrusion detection systems by the military in high-risk areas are another factor that is anticipated to boost the perimeter security market in the region. For instance, the Germany Government has announced the formation of a cybersecurity agency to combat countries cyber–perimeter security threats. Further, the defense minister funded 350million Euros for the project.  These are the factors that are anticipated to boost the market growth in the region during the forecast period.