Perimeter Security Market Size, Share & Trends Analysis Report By System (Alarms & Notification, Video Surveillance), By Service, By End Use (Government, Transportation), And Segment Forecasts, 2019 - 2025

Industry Insights

The global perimeter security market size was valued at USD 17.7 billion in 2018 and is expected to expand at a CAGR of 7.7% over the forecast period. The increasing threat of terrorism and cross border intrusions has forced governments to impose stringent regulations about the safety of nations, thereby boosting the growth of the market across the globe.

The growth of smart cities and infrastructure is a key factor fueling the market growth. 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.

Due to growing security 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. Improving the reliability of the systems is a challenge for all manufacturers.

Perimeter security systems find their application particularly in national borders, military and defense sector, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments. However, increasing the cost of implementing perimeter security systems is estimated to hinder the growth of the market.

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. As a result, various security systems are deployed at different locations in an attempt to strengthen security.

System Insights

The video surveillance system segment accounted for the largest market share and it was valued at USD 6.2 billion in 2018. The segment is estimated to emerge as the fastest-growing segment in the perimeter security market owing to increasing focus on the continuous capturing of images and complete safety. It mainly comprises video cameras, CCTV cameras, video analytics, and smart video devices that can be linked to more than one device. Ease of installation and myriad applications of these systems are increasing their adoption across the globe.

Video surveillance solutions prevent revenue loss from stolen merchandise, vandalism, and destruction of valuable information. These systems can range from alarm systems to wireless home security systems that notify law enforcement agencies at the time of trouble.

End-use Insights

Increasing population and growing shopping and outing trends, along with the presence of large entertainment hubs at various locations, have led to the expansion of the application scope of perimeter security systems. Additionally, the transportation segment is expected to grow at a faster pace owing to its immense 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. The government segment was valued at USD 2.2 billion in 2018. The military and defense segment is also increasingly adopting these systems as they can be used to detect any intrusion to the restrained facility. Moreover, they ensure safeguarding to a privately owned land or an industrial facility.

Service Insights

System integration and consulting services are gaining traction among security system providers. The segment is presumed to grow remarkably over the forecast period. 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 and optimal functional workflow, access to real-time data, and effective performance of business operations.

The risk assessment and analysis segment was valued at USD 797.8 million in 2018 and it is estimated to grow at a 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. This helps them to identify loopholes in the security of crucial information and prevent intruders from accessing their company premises.

Regional Insights

North America dominated the market and generated a revenue of USD 5.6 billion in 2018. U.S. and Canada are the main countries adopting these systems. The presence of technology hubs in the U.S. and continuous research and development in the field are the key factors driving the market in the region. Furthermore, increased use of the internet of things (IoT) in the region is expected to contribute to the regional market growth.

The Asia Pacific is expected to witness significant growth over the next few years owing to infrastructure development and stringent government regulations for the safety of nations. Increasing incidence of crime such as personal crime has led to the need for perimeter security systems in the Asia Pacific, thereby escalating the market growth over the forecast period.

Perimeter Security Market Share Insights

Prominent players operating in the market include Ameristar Perimeter Security; Anixter International Inc.; Axis Communications AB; Barrier1 Systems, Inc.; Optex, Inc.; Honeywell International, Inc.; Tyco International Ltd.; Puretech Systems; Senstar Corporation; Delta Scientific Corporation; RBtec Perimeter Security Systems; and Cias Elettronica Srl.

Industry players are adopting various strategies such as mergers and acquisitions, partnerships with other firms for particular technologies, and new product development. For instance, in 2016, Honeywell International, Inc. acquired Xtralis Pty Ltd., a global company dealing in products related to smoke detection, intrusion threat detection, and fire threat detection. This acquisition equipped Honeywell with a larger product portfolio in visual monitoring and early threat detection.

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 2014 to 2025. For this study, Grand View Research has segmented the global perimeter security market report based on system, service, end-use, and region:

• System Outlook (Revenue, USD Million, 2014 - 2025)

  • Access Control Systems

  • Alarms & Notification Systems

  • Intrusion Detection Systems

  • Video Surveillance Systems

  • Barrier Systems

  • Others

• Service Outlook (Revenue, USD Million, 2014 - 2025)

  • System Integration & Consulting

  • Risk Assessment & Analysis

  • Managed Security Services

  • Maintenance & Support

• End-use Outlook (Revenue, USD Million, 2014 - 2025)

  • Government

  • Military & Defense

  • Transportation

  • Commercial

  • Industrial

  • Others

• Regional Outlook (Revenue, USD Million, 2014 - 2025)

  • North America

    • The U.S.

    • Canada

  • Europe

    • France

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • Japan

    • India

  • Latin America

    • Brazil

    • Mexico

  • Middle East & Africa (MEA)