The global perimeter security market size is expected to display appreciable growth during the forecast period of 2024-2032. A perimeter security system is a range of technologies and systems that are deployed by users to prevent unauthorized entry and offer robust protection to assets and individuals inside a designated boundary. This system brings physical protection measures, such as gates, fences, and lighting systems together with innovative technologies, such as access control systems, video surveillance, alarms, and sensors. This combination the best of both protection systems, thereby strengthening the security of designated areas.

Fortune Business Insights presents this information in a report titled "Perimeter Security Market, 2024-2032."

Informational Source:

https://www.fortunebusinessinsights.com/perimeter-security-market-109653

Russia-Ukraine War Impact

Rise in Cyber Security Threats Boosts Use of Perimeter Security Solutions

The ongoing war between Russia and Ukraine has increased the demand for robust security solutions, including perimeter security services due to a tremendous rise in the volume of cyberattacks since the beginning of the conflict. Companies in both the countries are looking for robust security solutions to safeguard their business operations from a wide range of cyberattacks. This factor has increased the installation of perimeter security systems, thereby fueling the market’s progress.

Major Players Profiled in the Report

• Barrier1 Systems Inc. (U.S.)
• Honeywell International Inc. (U.S.)
• Optex Inc. (Japan)
• Tyco International (Ireland)
• Axis Communications (Sweden)
• Delta Scientific Corporation (U.S.)
• Senstar Corporation (Canada)
• Cias Elettronica Srl (Italy)
• RBtec Perimeter Security Systems (U.S.)
• Puretech Systems (U.S.)

Segments

By component, the market is divided into solutions and services.

By service, the market is segregated into professional services and managed services.

By system, the market is segmented into perimeter intrusion detection systems, video surveillance systems, access control systems, alarm & notification systems, barrier systems, and other systems.

By end use, the market is categorized into commercial, industrial, infrastructural, government, military & defense, and residential.

With respect to geography, the market is studied across North America, Europe, Asia Pacific, and the rest of the world.

Report Coverage

The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading services, systems, components, end uses, and key market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.

Drivers

Increasing National Security Threats to Accelerate Market Expansion

The geopolitical tension is on the rise in many countries across the world, which has caused a worrying growth in the number of cross-border attacks. The ongoing wars between Russia-Ukraine and Israel-Hamas have boosted the demand for robust and advanced internal security systems. Governments across the globe are developing and implementing various industrial security standards and regulations, which will help them tackle terrorism and protect crucial infrastructure. This move is expected to drive the demand for these security solutions.

Regional Insights

North America Dominated Global Market Growth Due to Constant R&D to Develop Innovative Security Systems

North America led the perimeter security market growth as the region has a strong presence of large-scale technology centers in countries, such as the U.S. Moreover, market players across North America are also increasing their focus on their research & development programs to create cutting-edge security systems. The increasing dependence on IoT will also support the market’s fast-paced development.

Competitive Landscape

Leading Market Players to Develop Novel Products to Expand Portfolio and Customer Base

Some of the key players dominating the perimeter security market share include Barrier1 Systems Inc., Honeywell International Inc., Optex Inc., Tyco International, Axis Communications, Delta Scientific Corporation, Senstar Corporation, Cias Elettronica Srl, RBtec Perimeter Security Systems, and Puretech Systems. These organizations are developing and launching cutting-edge security systems in the market to increase their product portfolio and customer base.

Key Industry Development

• August 2022: Honeywell Corporation introduced a new product, named the Morley MAX Fire Detection and Alarm System, which has a performance-based design and comes with features that are user-friendly. This fire alarm center is also durable, lightweight, and easy to use, thereby offering strong protection to buildings and their occupants.
• June 2022: Dahua Technology launched the Night Color 2.0 Fusion Camera equipped with fusion technology. The camera is suitable for low-light applications and includes analytics features, such as intelligent motion detection and advanced real-time perimeter protection.