Perimeter Security Market Size, Share & Trends Analysis Report By System (Intrusion Detection, Video Surveillance Systems), By End-use (Commercial, Transportation), By Service, And Segment Forecasts, 2022 - 2030

Report Overview

The global perimeter security market size was valued at USD 59.21 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 9.4% from 2022 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market. Government support for implementing different security systems at critical locations is on the rise. Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results.

With the growing safety concerns among people, manufacturers have come up with new multilayered perimeter protection solutions. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments.

Recent years have witnessed a tremendous rise in illegal activities, breaches of security systems, planned crimes, and terrorism activities. This has led to increased awareness among citizens as well as industries and governments. As a result, various security systems are deployed at different locations in an attempt to strengthen security. However, the increasing cost of implementing these systems is estimated to hinder the growth of the market. Moreover, improving the reliability of the systems is a challenge for all manufacturers.

System Insights

On the basis of systems, the global market has been further categorized into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others. The software video surveillance systems segment dominated the industry and accounted for the highest share of more than 45.5% of the global revenue in 2021. Video surveillance systems are estimated to emerge as the fastest-growing type segment in the market owing to the increasing focus on the continuous capturing of images and complete safety.

The segment mainly comprises video cameras, CCTV cameras, video analytics, and smart video devices that can be linked to more than one device. The ease of installation of video surveillance systems and their myriad applications are resulting in their increased adoption across the globe. Video surveillance solutions deter revenue loss from stolen merchandise, vandalism, and destruction of valuable information among others. The video surveillance systems include alarm systems and wireless home security systems that notify law enforcement agencies at the time of trouble.

Service Insights

On the basis of services, the global market for perimeter security has been further segmented into system integration & consulting, risk assessment & analysis, managed security services, and maintenance & support. System integration and consulting services are gaining traction among security system providers and the segment accounted for the maximum share of more than 51.00% of the global revenue in 2021. The integration of various security systems provides the controller with more accurate information and enhanced decision-making power.

System integration and consulting services help businesses with streamlined & optimal functional workflow, access to real-time data, and effective performance of business operations. The adoption of cutting-edge technologies, such as IP-based security cameras for remote access, motion sensors, and wireless technology, is driving the industry forward. The risk assessment & analysis services are estimated to grow at a very fast pace over the forecast period. Managed security services are increasingly used by large organizations as they find it easier to outsource the entire security system, thereby identifying loopholes in the security of crucial information and preventing intruders from accessing their company premises.

End-use Insights

On the basis of end-uses, the global market has been further segmented into commercial, government, industrial, military & defense, transportation, and others. The military and defense segment dominated the global market in 2021 and accounted for the maximum share of more than 25.5% of the global revenue. The increasing population and growing shopping & outing trends, along with the presence of large entertainment hubs at various locations, have led to the emergence of a vast application for perimeter security systems. The transportation end-use segment is expected to grow at the fastest growth rate from 2022 to 2030.

This growth is attributed to a wide scope of product applications in railways, freight cars, and cargo vehicles to protect the valuable assets on board. Government sites and offices are increasingly adopting perimeter security systems and this segment is expected to witness substantial growth over the forecast period. These systems are widely used to detect any intrusion into the restrained facility. Also, these systems ensure the safeguarding of privately owned land or an industrial facility.

Regional Insights

On the basis of geographies, the global market has been further divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America region dominated the global market in 2021 and accounted for the largest share of more than 31.00% of the global revenue in 2021 due to the presence of technology hubs in the U.S. and continuous R&D in the field. Furthermore, the increased use of the Internet of Things (IoT) in the region is expected to contribute to regional market growth. The Asia Pacific is expected to emerge as the fastest-growing regional market over the next six years.

The Asia Pacific region is anticipated to witness the fastest growth on account of the developing infrastructure and stringent government measures regarding the safety of nations. Military & defense, transportation, oil & gas, chemical as well as other industries and key infrastructures and nuclear facilities, are also major contributors to the market growth. The increasing incidences of crime, such as personal crime and data theft, in the Asia Pacific region, have led to the need for perimeter security systems; thereby boosting the market growth.

Key Companies & Market Share Insights

Key players are focusing on increasing their customer base to gain a competitive edge in the market and these players are adopting various strategic initiatives, such as mergers & acquisitions, partnerships, integrating with other firms for particular technologies, and new product development. For instance, in May 2016 Hikvision acquired U.K.-based intrusion alarm specialist Pyronix. This acquisition will give Hikvision a foothold in an entirely new sector of the security hardware industry. In April 2019, Thales acquired Gemalto, an international digital security company based in the Netherlands. This acquisition equipped Thales Group with a larger product portfolio to become a global leader in digital identity and security. Some of the prominent players in the global perimeter security market include:

• Axis Communications AB

• Barrier1 Systems, Inc.

• Optex, Inc.

• Honeywell International, Inc.

• Tyco International Ltd.

• Puretech Systems

• Senstar Corp.

• Delta Scientific Corp.

• RBtec Perimeter Security Systems

• Cias Elettronica Srl

Perimeter Security Market Report Scope

Segments Covered in the Report 

This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For the purpose of this study, Grand View Research has segmented the global perimeter security market report on the basis of system, service, end-use, and region:

• System Outlook (Revenue, USD Million, 2017 - 2030)

  • Access Control Systems

  • Alarms & Notification Systems

  • Intrusion Detection Systems

  • Video Surveillance Systems

  • Barrier SystemsActive Barriers

    • Active Barriers

    • Passive Barriers

  • Others

• Service Outlook (Revenue, USD Million, 2017 - 2030)

  • System Integration & Consulting

  • Risk Assessment & Analysis

  • Managed Services

  • Maintenance & Support

• End-use Outlook (Revenue, USD Million, 2017 - 2030)

  • Government

  • Military & Defense

  • Transportation

  • Commercial

  • Industrial

  • Others

• Regional Outlook (Revenue, USD Million, 2017 - 2030)

  • North America

    • U.S.

    • Canada

  • Europe

    • France

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)