Industry Background:
The increasing threat of terrorism and cross border intrusions has forced governments to impose stringent regulations about the safety of nations will help to boost the global Perimeter Protection market. Perimeter Protection is a term used to define technologies and systems that protect businesses, people, and assets that are located within a ground by blocking unauthorized access. The growth of smart cities and infrastructure is a key factor boosting the market growth. Government support for implementing different security systems at critical locations is on the rise. In recent years, there has been a significant rise in illegal activities, breach of security systems, planned crimes, and higher terrorism activities. This has led to increased awareness among citizens, industries, and governments.
According to AMA, the market for Perimeter Protection is expected to register a CAGR of 7.7% during the forecast period to 2026. This growth is primarily driven by Rise in the Number of Perimeter Intrusions, Leading to Property Damage and Data Theft and Increased Need to Reduce Manpower Cost.
Globally, a noticeable market trend is evident Increasing Installations of Video Surveillance Systems for Perimeter Security
. The Internet Software & Services sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Axis Communications AB (Sweden), Hangzhou Hikvision Digital Technology Co. Ltd. (United States), Bosch Security Systems (Germany), Dahua Technology Co., Ltd. (China), Honeywell International Inc. (United States), Southwest Microwave, Inc. (United States), RBtec Perimeter Security Systems (United States), Fiber SenSys, Inc. (United States) and CIAS Elettronica (Italy) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Market Drivers
- Rise in the Number of Perimeter Intrusions, Leading to Property Damage and Data Theft
- Increased Need to Reduce Manpower Cost
Market Trend
- Increasing Installations of Video Surveillance Systems for Perimeter Security
- Increasing Government Regulations On Perimeter Security
Restraints
- High Initial Deployment Cost
- Lack of Technical Expertise and Security Skills
Opportunities
Evolution of Next-Generation Integrated Systems for Perimeter Security Systems and Increasing Urban Infrastructure Across the Globe
Challenges
Ensuring High Detection Probabilities With Low False Alarm Rates and Integrating the Existing Systems With New Technologies
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Perimeter Protection Study Sheds Light on
The Perimeter Protection Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Perimeter Protection industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Perimeter Protection industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.