Perimeter Security Market Regional Analysis:
North American Market Insights
The North American perimeter security market is predicted to dominate 42% share by 2035, driven by 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 will contribute to the regional market growth. 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 will 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 Insights
The Asia Pacific perimeter security market is poised to hold share of over 28% during the forecast period. The market growth is impelled by 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 market growth. In addition, the regions expanding investment in the R&D of Perimeter Security systems will fuel the market revenue.
Europe Market Insights
Europe market is expected to register significant CAGR till 2035. The market growth is owing to increasing demand for perimeter security systems as a response to rising fire and other hazardous conditions. Additionally, the deployment of peripheral intrusion detection systems by the military in high-risk areas will boost the market revenue. 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.
