Global Perimeter Security Market Outlook Report - Market Size, Share Analysis and Forecast (2024-2032)

Global Perimeter Security Market Size

The global perimeter security market stood at a value of around USD 74.53 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 7.8% to reach USD 146.58 billion by 2032.

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Military and Defence Sector to Hold a Significant Market Share in the Perimeter Security Industry Over the Forecast Period

Based on end use, the military and defence segment is predicted to hold a significant market share over the forecast period. This can be attributed to the growing investments to ensure the security and safety of troops and citizens. The use of drones for aerial surveillance has considerably increased in the last few years.

The use of latest technology, such as integrated fibre optic perimeter intrusion detection systems (PIDS), video analytics, and thermal cameras, among others, is expected to significantly contribute to the market growth in the coming years.

The Asia Pacific Perimeter Security Industry to Witness a Healthy Growth During the Forecast Period

Geographically, the Asia Pacific is expected to witness a healthy growth during the forecast period. The growth in the region can be attributed to the rising population, increasing concerns regarding perimeter intrusion threats from terrorist groups, and high investments in public safety measures by the governments. In addition, the sectors, such as military and defence, transportation, critical infrastructures, nuclear plants, chemical industries, oil and gas, and others are the major contributors to the growth of the perimeter security industry, as perimeter security systems in such sectors help keep intruders away from the guarded area to ensure protection against burglary and vandalism.

Perimeter Security Industry Segmentation

Perimeter security, also known as perimeter protection, recognises threats, inspects attack patterns, and executes surveillance with the help of technology. Being a security solution, a perimeter security system is an easy way to help safeguard the property from unauthorised access and unwanted guests.

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By system, the industry can be segmented into:

• Access Control
• Alarms and Notifications
• Intrusion Detection
• Video Surveillance
• Barriers
• Others

Based on service, the industry can be divided into:

• System Integration and Consulting 
• Risk Assessment and Analysis 
• Managed Security Services 
• Maintenance and Support

On the basis of end use, the industry can be categorised into:

• Commercial 
• Government 
• Industrial
• Military and Defence
• Transportation
• Others

The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

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Increase in AI Based Innovations to Bolster the Growth of the Global Perimeter Security Industry

The global perimeter security industry has been growing considerably over the last few years, aided by the growing technological advancements and a shift towards digital solutions over traditional to enhance security and surveillance. The deployment of latest techniques, like IP based surveillance cameras for remote monitoring, motion sensors, and wireless technology, is significantly contributing to the growth of the market. Moreover,  the growing adoption of AI based unmanned aerial vehicle innovations, such as drones for aerial surveillance, is expected to further propel the perimeter security industry growth in the forecast period.

Key Industry Players in the Global Perimeter Security Industry

The report gives a detailed analysis of the following key players in the global perimeter security market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

• Agent Video Intelligence Ltd.
• Honeywell International Inc.
• Dahua Technology Co., Ltd
• Senstar Corporation
• Fiber SenSys, Inc.
• Bosch Sicherheitssysteme GmbH
• Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

Perimeter Security Market Report Snapshots

Perimeter Security Market Size

Perimeter Security Market Share

Perimeter Security Market Growth

Perimeter Security Companies