Perimeter Security Market

Perimeter Security Market by Component (Systems (Perimeter Intrusion Detection, Video Surveillance, Access Control, and Alarms and Notification Systems) and Services (Professional and Managed Services)), Vertical & Region, Forecast to 2022

Report Code: TC 2196 Aug, 2019, by marketsandmarkets.com
Updated date -

[149 Pages Report] The perimeter security market extrapolated to grow from $110.64 billion in 2017 to $196.60 billion by 2022, at a Compound Annual Growth Rate (CAGR) of 12.2% from 2017 to 2022. The growth of perimeter security industry is said to be propelled by the necessity to safeguard individuals as well as assets from the rapidly evolving threats, the increasing consumer awareness and security concerns, the willingness to pay for security systems, the growing demand for the deployment of wireless technologies in security systems, and the adoption of Internet of Things (IoT)-based security systems.

Perimeter security system refers to the system deployed to prevent damage and unauthorized access to critical infrastructure from internal or external threats. This includes protection from terrorist attacks, natural disasters, thefts, burglaries, fire, and vandalism. It is a combination of systems and technologies to protect assets from physical intrusion in various areas, such as government and military facilities, infrastructure, industrial, and commercial sites.

Based on systems, the perimeter security market is divided into perimeter intrusion detection systems, video surveillance systems, access control systems, and alarms and notification systems. The video surveillance systems segment of the market is projected to contribute the highest as well as grow at the highest CAGR during the forecast period. This growth is characterized by the increasing awareness about the safety and security in residential, commercial, and defense premises. These needs have led to the increased demand for video surveillance systems. Furthermore, the rising demand for Videos Surveillance-as-a-Service (VSaaS), the increasing adoption of wireless Internet Protocol (IP) surveillance systems, and the growing demand for spy cameras are some of the opportunities which may boost the need for video surveillance systems.

Perimeter Security Market

Selected Market Dynamics in Perimeter Security Market

Increasing installations of video surveillance systems for perimeter security

There has been a significant increase in installations of video surveillance systems for perimeter security across the globe. Most of the governments have made it compulsory to implement video surveillance systems in public places and critical infrastructures. Along with governments, enterprises are also implementing video surveillance systems to make their surrounding and facilities secure.

The video surveillance cameras and analytics, being deployed for perimeter security, are becoming an integral part of the electronic perimeter security solutions. As perimeter security systems are integrating with video surveillance and analytics, there is an improvement in operational efficiency of perimeter security systems and reduction in false alarms. Organizations are increasingly turning toward video surveillance technology, to effectively counter terrorist threats and address public's demand for security.

A video surveillance system records all the happenings in the vicinity, and hence, a user can keep a watch on any untoward activity and alert the police if required; a recorded video footage also serves as an evidence in case of traffic accidents and robberies. The demand for video surveillance is increasing at airports, schools, office buildings, and public places. A video surveillance system provides intelligently analyzed data through different channels or devices. There has been a rise in thefts, terrorist attacks, and other crimes; this has, in turn, increased the need for video surveillance systems. One of the main benefits of the video surveillance system is that it ensures a full-time monitoring in both, densely populated as well as remote areas. Therefore, the installations of video surveillance are increasing to provide comprehensive security to people, places, and plants. Increasing installations of video surveillance systems for perimeter security is expected to drive the perimeter security market in the upcoming years.

Lack of technical expertise and security skills

System integrators and security technologists, with minimal knowledge and understanding about perimeter security, try integrating the existing IT systems with advanced perimeter security, which could damage the existing IT system running on critical infrastructures. The biggest challenge organizations are facing today is the lack of technical expertise and security skills, which is hampering the organizations’ ability to meet their evolving perimeter security needs. Many organizations hire security professionals who lack the right skill to analyze the complexities of the perimeter security systems. Furthermore, the companies with pressing perimeter security needs are lacking qualified professionals to fill their positions, which makes them vulnerable to various types of intrusions. This underscores the need for better access to perimeter security training, which can introduce new talent into the field quickly, help close the perimeter security skills gap, and make companies more secure.

Risk assessment and analysis services segment is expected to grow at the fastest rate in the perimeter security market during the forecast period

Risk assessment and analysis of the perimeter of an infrastructure is one of the most important tasks undertaken to safeguard any infrastructure. It helps in determining the vulnerabilities and defects that can be risky for perimeter security. With the help of the best industry practices for risk assessment and analysis, organizations can implement reasonable and appropriate perimeter security controls intended to deter, delay, detect, and detain human intruders. Thus, there is a growing need for risk assessment and analysis services segment to contribute to the market.

Residential, educational, and religious buildings vertical segment is expected to grow at the fastest rate in the perimeter security market during the forecast period

The market for residential, educational, and religious buildings vertical is expected to grow at the highest rate between 2017 and 2022. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and residential complexes, such as private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics-based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people, and the personal belongings in the residential sector is driving the growth of this market.

Perimeter Security Market

The perimeter security market faces many challenges, such as the lack of awareness about advanced cyber-attacks, high deployment costs, and the need to support fast-paced Software Development Life Cycle (SDLC).

North America is expected to hold the largest market size during the forecast period

At present, North America is expected to hold the largest share of the global perimeter security market. The rising need for security against increasing terrorist activities, illegal immigration, and criminal activities are said to be the major factors enhancing growth of the market in North America. Furthermore, strict government regulations for safety and security, and technological developments in perimeter security solutions, such as video surveillance, are expected to fuel the growth of the market in this region. The market in Asia Pacific (APAC) is projected to grow at the highest CAGR during the forecast period. The growth of the market in APAC can be attributed to the continuous rising investment of big and small organizations for physical security measures. Furthermore, the increasing demand for perimeter security solutions in growing economies, such as India, China, Australia, and Japan, is also influencing the growth of the perimeter security market in the APAC region.

Key Market Players

The major vendors who offer perimeter security solutions across the globe are Axis Communications AB (Sweden), United Technologies Corporation (US), Hangzhou Hikvision Digital Technology Co., Ltd. (US), Bosch Security Systems (Germany), Dahua Technology Co., Ltd. (China), Honeywell International Inc. (US), Southwest Microwave, Inc. (US), Johnson Controls International plc (Tyco Systems Inc.). These vendors have adopted different types of organic and inorganic growth strategies, such as new product launches, partnerships and collaborations, and mergers and acquisitions, to expand their offerings in the perimeter security market.

The Honeywell Security Group, a part of Honeywell, majorly focuses on perimeter security products, solutions, and services. The company has maintained its focus on the physical security market, due to an increase in the security threats in organizational infrastructures and facilities. The company is also focusing on providing perimeter security services globally and is constantly upgrading its technology and product portfolio. Honeywell provides security management systems, which integrate video surveillance systems, access control system, and visitor management system onto a single platform. This has helped the company introduce a technologically unique product in the global perimeter security market.

The company’s growth strategies include new product launches, partnerships, expansions, and contracts. Considering the ever-growing security market, Honeywell relies more on organic growth strategies for long-term growth in the market.

Dahua Technology has a strong position in the video surveillance marketspace with a wide product portfolio. Dahua Technology is the prominent CCTV manufacturer in China. It has a well-established market in China and is expanding its business in other regions, such as North America and Europe. The company is one of the leading providers of OEM and ODM services to various other security product companies in the world. The key strategy adopted by the company is new product developments. The recent partnerships of Dahua have led to its growth in the perimeter security market in terms of expansion of its global footprint.

Scope of the report

Report Metric

Details

Market size available for years

2015–2022

Base year considered

2016

Forecast period

2017–2022

Forecast units

Value (USD)

Segments covered

Component (Systems and Service), Deployment, Industry Vertical, and Region

Geographies covered

North America, Europe, APAC, MEA, and Latin America

Companies Covered

Axis Communications AB (Sweden), United Technologies Corporation (US), Hangzhou Hikvision Digital Technology Co., Ltd. (US), Bosch Security Systems (Germany), Dahua Technology Co., Ltd. (China), Honeywell International Inc. (US), Southwest Microwave, Inc. (US), Johnson Controls International plc (Tyco Systems Inc.) (Republic of Ireland), RBtec Perimeter Security Systems (US), Fiber SenSys, Inc. (US), CIAS Elettronica (Italy), Senstar Corporation (Canada), and PureTech Systems, Inc. (US).

The research report categorizes the perimeter security market to forecast the revenues and analyze the trends in each of the following subsegments:

On the basis of Component,  market has been segmented as follows:

By System

  • Perimeter Intrusion Detection Systems
  • Video Surveillance Systems
  • Access Control Systems
  • Alarms and Notifications Systems
  • Others (fencing, lighting, and detection devices for metals, explosives, drugs, and chemicals)

By Service

  • Professional services
  • Managed services

On the basis of Vertical, the perimeter security market has been segmented as follows:

By Industry Vertical

  • Commercial and Services
  • Industrial
  • Infrastructure
  • Government
  • Military and Defense
  • Resident, Educational, and Religious Buildings

On the basis of region, the perimeter security market has been segmented as follows:

By Region

  • North America
  • Europe
  • Asia Pacific (APAC)
  • Middle East and Africa (MEA)
  • Latin America

Recent Developments

  • In April 2017, Axis Communications partnered with Dedrone, a leading provider of drone detection solutions and surveillance cameras, to provide airspace security for all enterprises, government facilities, and civilians.
  • In January 2017, Hikvision launched new network cameras. These cameras were launched in the Pan Tilt Zoom (PTZ) and bullet models. They are specifically designed to operate in harmful environments or in environments where cameras are required to operate in areas with combustible sources.
  • In January 2017, Dahua introduced an anti-corrosion series of intelligent cameras, which is designed to meet the harsh working environment. This series has excellent anti-corrosion, dust and water, lightning, and anti-interference abilities, and provides high performance to the user with reliable quality.
  • In March 2016, Honeywell acquired RSI Video Technologies, a global provider of intrusion detection systems for commercial and residential security applications. This acquisition would help Honeywell meet the increasing demand of customers for video verification solutions.

Key Questions addressed by the report

  • What are new market segments to focus over the next 2–5 years for prioritizing the efforts and investments?
  • Which are the key players in the market and how intense is the competition?
  • What are the new innovations and developments done by the major market players?
  • What are the driving factors, opportunities, restraints, and challenges that drive or hamper the growth of the Perimeter Security Market?
  • What are the regulatory implications that impact the market directly and indirectly?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

Table of  Contents

1 Introduction (Page No. - 15)
    1.1 Objectives of  the Study
    1.2 Market Definition
    1.3 Perimeter Security Market Scope
    1.4 Years Considered for the Study
    1.5 Currency
    1.6 Stakeholders

2 Research Methodology (Page No. - 19)
    2.1 Research Data
           2.1.1 Secondary Data
           2.1.2 Primary Data
                    2.1.2.1 Breakdown of  Primary Interviews
                    2.1.2.2 Key Industry Insights
    2.2 Market Size Estimation
    2.3 Microquadrant Research Methodology
           2.3.1 Vendor Inclusion Criteria
    2.4 Research Assumptions and Limitations
           2.4.1 Limitations

3 Executive Summary (Page No. - 27)

4 Premium Insights (Page No. - 29)
    4.1 Attractive Market Opportunities in the Perimeter Security Market
    4.2 Market, By System, 2017–2022
    4.3 Market, By Professional Service, 2017–2022
    4.4 Market, By Vertical, 2017–2022
    4.5 Lifecycle Analysis, By Region

5 Perimeter Security Market Overview (Page No. - 33)
    5.1 Regulatory Implications
           5.1.1 North American Electric Reliability Corporation Critical Infrastructure Protection (NERC CIP)
           5.1.2 Homeland Security Act (HSA)
           5.1.3 the Secure Fence Act
           5.1.4 Open Range Law
    5.2 Use Cases
           5.2.1 Commercial Industry Security With the Implementation of  Network Video Surveillance Solution
           5.2.2 an Intelligent Network Video Surveillance System in the Government Vertical for Robust Perimeter Security
           5.2.3 Use of  Access Control Systems in the Education Industry
           5.2.4 Perimeter Security Systems Adopted By the Nuclear Power Plant Industry
           5.2.5 Perimeter Security in the Military and Defense Industry With the Adoption of  the Intrusion Detection System
    5.3 Innovation Spotlight
    5.4 Perimeter Security Market Dynamics
           5.4.1 Drivers
                    5.4.1.1 Rise in the Number of  Perimeter Intrusions, Leading to Property Damage and Data theft
                    5.4.1.2 Increased Need to Reduce Manpower Cost
                    5.4.1.3 Increasing Installations of  Video Surveillance Systems for Perimeter Security
                    5.4.1.4 Increasing Government Regulations on Perimeter Security
           5.4.2 Restraints
                    5.4.2.1 High Initial Deployment Cost
                    5.4.2.2 Lack of  Technical Expertise and Security Skills
           5.4.3 Opportunities
                    5.4.3.1 Evolution of  Next-Generation Integrated Systems for Perimeter Security Systems
                    5.4.3.2 Increasing Urban Infrastructure Across the Globe
           5.4.4 Challenges
                    5.4.4.1 Ensuring High Detection Probabilities With Low False Alarm Rates
                    5.4.4.2 Integrating the Existing Systems With New Technologies

6 Perimeter Security Market Analysis, By Component (Page No. - 41)
    6.1 Introduction
    6.2 Systems
           6.2.1 Perimeter Intrusion Detection Systems
                    6.2.1.1 Sensor Types
                               6.2.1.1.1 Microwave Sensors
                               6.2.1.1.2 Radar Sensors
                               6.2.1.1.3 Fiber-Optic Sensors
                               6.2.1.1.4 Infrared Sensors
                               6.2.1.1.5 Others
                    6.2.1.2 Deployment Types
                               6.2.1.2.1 Fence Mounted
                               6.2.1.2.2 Buried
                               6.2.1.2.3 Open Area
           6.2.2 Video Surveillance Systems
                    6.2.2.1 Hardware
                               6.2.2.1.1 Camera
                               6.2.2.1.2 Monitor
                               6.2.2.1.3 Server
                               6.2.2.1.4 Storage
                               6.2.2.1.5 Other Accessories
                    6.2.2.2 Software
                               6.2.2.2.1 Video Analytics
                               6.2.2.2.2 Video Management Software
                               6.2.2.2.3 Neural Network Algorithms
           6.2.3 Access Control Systems
                    6.2.3.1 Hardware
                               6.2.3.1.1 Card-Based Readers
                               6.2.3.1.2 Biometric Readers
                               6.2.3.1.3 Multi-Technology Readers
                    6.2.3.2 Controllers
                    6.2.3.3 Access Control Management Software/Database
           6.2.4 Alarms and Notification Systems
           6.2.5 Others
    6.3 Services
           6.3.1 Professional Services
                    6.3.1.1 System Integration and Consulting
                    6.3.1.2 Risk Assessment and Analysis
                    6.3.1.3 Training and Education
                    6.3.1.4 Maintenance and Support
           6.3.2 Managed Services

7 Perimeter Security Market Analysis, By Vertical (Page No. - 59)
    7.1 Introduction
    7.2 Commercial and Services
    7.3 Industrial
    7.4 Infrastructure
    7.5 Government
    7.6 Military and Defense
    7.7 Residential, Educational, and Religious Buildings

8 Geographic Analysis (Page No. - 66)
    8.1 Introduction
    8.2 North America
    8.3 Europe
    8.4 Asia Pacific
    8.5 Middle East and Africa
    8.6 Latin America

9 Competitive Landscape (Page No. - 97)
    9.1 Microquadrant Overview
           9.1.1 Visionary Leaders
           9.1.2 Innovators
           9.1.3 Dynamic Differentiators
           9.1.4 Emerging Companies
    9.2 Competitive Benchmarking
           9.2.1 Strength of  Product Portfolio in the Perimeter Security Market
           9.2.2 Business Strategy Excellence Adopted in the Market

10 Company Profiles (Page No. - 101)
     10.1 Honeywell International Inc.
     10.2 Hangzhou Hikvision Digital Technology Co., Ltd.
     10.3 Axis Communications AB
     10.4 Dahua Technology Co., Ltd.
     10.5 Bosch Security Systems
     10.6 United Technologies Corporation
     10.7 Southwest Microwave, Inc.
     10.8 Johnson Controls International PLC
     10.9 Rbtec Perimeter Security Systems
     10.10 Fiber Sensys, Inc.
     10.11 Cias Elettronica
     10.12 Senstar Corporation
     10.13 Puretech Systems, Inc.
     10.14 Key Innovators

11 Appendix (Page No. - 142)
     11.1 Discussion Guide
     11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal
     11.3 Introducing RT: Real-Time Market Intelligence
     11.4 Available Customizations
     11.5 Related Reports
     11.6 Author Details


List of Tables (89 Tables)

Table 1 United States Dollar Exchange Rate, 2014–2016
Table 2 Evaluation Criteria
Table 3 Perimeter Security Market Size and Growth Rate, 2015–2022 (USD Billion, Y-O-Y %)
Table 4 Innovation Spotlight: Latest Perimeter Security Innovations
Table 5 Market Size, By Component, 2015–2022 (USD Billion)
Table 6 Market Size, By System, 2015–2022 (USD Billion)
Table 7 Systems: Perimeter Security Market Size, By Region, 2015–2022 (USD Billion)
Table 8 Perimeter Intrusion Detection Systems Market Size, By Region, 2015–2022 (USD Billion)
Table 9 Video Surveillance Systems Market Size, By Region, 2015–2022 (USD Billion)
Table 10 Access Control Systems Market Size, By Region, 2015–2022 (USD Billion)
Table 11 Alarms and Notification Systems Market Size, By Region, 2015–2022 (USD Billion)
Table 12 Others Market Size, By Region, 2015–2022 (USD Billion)
Table 13 Perimeter Security Market Size, By Service, 2015–2025 (USD Billion)
Table 14 Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 15 Perimeter Security Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 16 Professional Services Market Size, By Region, 2015–2022 (USD Billion)
Table 17 System Integration and Consulting Market Size, By Region, 2015–2022 (USD Billion)
Table 18 Risk Assessment and Analysis Market Size, By Region, 2015–2022 (USD Billion)
Table 19 Training and Education Market Size, By Region, 2015–2022 (USD Billion)
Table 20 Maintenance and Support Market Size, By Region, 2015–2022 (USD Billion)
Table 21 Managed Services Market Size, By Region, 2015–2022 (USD Billion)
Table 22 Perimeter Security Market Size, By Vertical, 2015–2022 (USD Billion)
Table 23 Commercial and Services: Market Size, By Region, 2015–2022 (USD Billion)
Table 24 Industrial: Perimeter Security Market Size, By Region, 2015–2022 (USD Billion)
Table 25 Infrastructure: Market Size, By Region, 2015–2022 (USD Billion)
Table 26 Government: Market Size, By Region, 2015–2022 (USD Billion)
Table 27 Military and Defense: Market Size, By Region, 2015–2022 (USD Billion)
Table 28 Residential, Educational, and Religious Buildings: Market Size, By Region, 2015–2022 (USD Billion)
Table 29 Perimeter Security Market Size, By Region, 2015–2022 (USD Billion)
Table 30 North America: Market Size, By Component, 2015–2022 (USD Billion)
Table 31 North America: Market Size, By System, 2015–2022 (USD Billion)
Table 32 North America: Perimeter Intrusion Detection Systems Market Size, By Sensor Type, 2015–2022 (USD Billion)
Table 33 North America: Perimeter Intrusion Detection Systems Market Size, By Deployment Type, 2015–2022 (USD Billion)
Table 34 North America: Video Surveillance Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 35 North America: Video Surveillance Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 36 North America: Video Surveillance Systems Market Size, By Software, 2015–2022 (USD Billion)
Table 37 North America: Access Control Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 38 North America: Access Control Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 39 North America: Perimeter Security Market Size, By Service, 2015–2022 (USD Billion)
Table 40 North America: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 41 North America: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 42 Europe: Perimeter Security Market Size, By Component, 2015–2022 (USD Billion)
Table 43 Europe: Market Size, By System, 2015–2022 (USD Billion)
Table 44 Europe: Perimeter Intrusion Detection Systems Market Size, By Sensor Type, 2015–2022 (USD Billion)
Table 45 Europe: Perimeter Intrusion Detection Systems Market Size, By Deployment Type, 2015–2022 (USD Billion)
Table 46 Europe: Video Surveillance Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 47 Europe: Video Surveillance Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 48 Europe: Video Surveillance Systems Market Size, By Software, 2015–2022 (USD Billion)
Table 49 Europe: Access Control Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 50 Europe: Access Control Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 51 Europe: Perimeter Security Market Size, By Service, 2015–2022 (USD Billion)
Table 52 Europe: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 53 Europe: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 54 Asia Pacific: Perimeter Security Market Size, By Component, 2015–2022 (USD Billion)
Table 55 Asia Pacific: Market Size, By System, 2015–2022 (USD Billion)
Table 56 Asia Pacific: Perimeter Intrusion Detection Systems Market Size, By Sensor Type, 2015–2022 (USD Billion)
Table 57 Asia Pacific: Perimeter Intrusion Detection Systems Market Size, By Deployment Type, 2015–2022 (USD Billion)
Table 58 Asia Pacific: Video Surveillance Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 59 Asia Pacific: Video Surveillance Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 60 Asia Pacific: Video Surveillance Systems Market Size, By Software, 2015–2022 (USD Billion)
Table 61 Asia Pacific: Access Control Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 62 Asia Pacific: Access Control Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 63 Asia Pacific: Perimeter Security Market Size, By Service, 2015–2022 (USD Billion)
Table 64 Asia Pacific: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 65 Asia Pacific: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 66 Middle East and Africa: Perimeter Security Market Size, By Component, 2015–2022 (USD Billion)
Table 67 Middle East and Africa: Market Size, By System, 2015–2022 (USD Billion)
Table 68 Middle East and Africa: Perimeter Intrusion Detection Systems Market Size, By Sensor Type, 2015–2022 (USD Billion)
Table 69 Middle East and Africa: Perimeter Intrusion Detection Systems Market Size, By Deployment Type, 2015–2022 (USD Billion)
Table 70 Middle East and Africa: Video Surveillance Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 71 Middle East and Africa: Video Surveillance Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 72 Middle East and Africa: Video Surveillance Systems Market Size, By Software, 2015–2022 (USD Billion)
Table 73 Middle East and Africa: Access Control Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 74 Middle East and Africa: Access Control Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 75 Middle East and Africa: Market Size, By Service, 2015–2022 (USD Billion)
Table 76 Middle East and Africa: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 77 Middle East and Africa: Market Size, By Vertical, 2015–2022 (USD Billion)
Table 78 Latin America: Perimeter Security Market Size, By Component, 2015–2022 (USD Billion)
Table 79 Latin America: Market Size, By System, 2015–2022 (USD Billion)
Table 80 Latin America: Perimeter Intrusion Detection Systems Market Size, By Sensor Type, 2015–2022 (USD Billion)
Table 81 Latin America: Perimeter Intrusion Detection Systems Market Size, By Deployment Type, 2015–2022 (USD Billion)
Table 82 Latin America: Video Surveillance Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 83 Latin America: Video Surveillance Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 84 Latin America: Video Surveillance Systems Market Size, By Software, 2015–2022 (USD Billion)
Table 85 Latin America: Access Control Systems Market Size, By Component, 2015–2022 (USD Billion)
Table 86 Latin America: Access Control Systems Market Size, By Hardware, 2015–2022 (USD Billion)
Table 87 Latin America: Perimeter Security Market Size, By Service, 2015–2022 (USD Billion)
Table 88 Latin America: Market Size, By Professional Service, 2015–2022 (USD Billion)
Table 89 Latin America: Perimeter Security Market Size, By Vertical, 2015–2022 (USD Billion)


List of Figures (27 Figures)

Figure 1 Perimeter Security Market Segmentation
Figure 2 Global Market: Research Design
Figure 3 Breakdown of Primary Interviews: By Company, Designation, and Region
Figure 4 Data Triangulation
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach
Figure 6 Market Size Estimation Methodology: Top-Down Approach
Figure 7 Perimeter Security Market: Assumptions
Figure 8 North America is Estimated to Hold the Largest Market Share in 2017
Figure 9 Rise in Demand for Perimeter Security Systems is Expected to Propel the Growth of the Market During the Forecast Period29
Figure 10 Video Surveillance Systems Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 11 Training and Education Services Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 12 Residential, Educational, and Religious Buildings Vertical is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 13 the Market is Expected to Grow With the Highest Rate in APAC During the Forecast Period
Figure 14 Market: Drivers, Restraints, Opportunities, and Challenges
Figure 15 Perimeter Security Systems Segment is Expected to Grow at A Higher Cagr During the Forecast Period
Figure 16 Residential, Educational, and Religious Buildings Segment is Expected to Grow at the Highest Cagr During the Forecast Period
Figure 17 APAC is Expected to Witness Highest Growth Rate During the Forecast Period
Figure 18 North America: Market Snapshot
Figure 19 Asia Pacific: Market Snapshot
Figure 20 Market (Global), Competitive Leadership Mapping, 2017
Figure 21 Perimeter Security Market: Ranking Analysis
Figure 22 Honeywell International Inc.: Company Snapshot
Figure 23 Hangzhou Hikvision Digital Technology Co., Ltd.: Company Snapshot
Figure 24 Axis Communications AB: Company Snapshot
Figure 25 Dahua Technology Co., Ltd.: Company Snapshot
Figure 26 United Technologies Corporation: Company Snapshot
Figure 27 Johnson Controls International PLC: Company Snapshot

The study involved 4 major activities to estimate the current market size for the perimeter security market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. Thereafter, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

The market size of companies offering perimeter security solutions globally was derived with the help of the secondary data available through paid and unpaid sources. In the secondary research process, various secondary sources such as D&B Hoovers, Bloomberg BusinessWeek, and Factiva have been referred to for identifying and collecting information for this study. The secondary sources included annual reports, press releases, and investor presentations of companies; white papers, journals, and certified publications; and articles from recognized authors, directories, and databases. Secondary research was mainly used to obtain key information about the industry’s supply chain, the total pool of key players, market classification and segmentation according to the industry trends to the bottom-most level, regional markets, and key developments from both market and technology-oriented perspectives, all of which were further validated by primary sources.

Primary Research

The perimeter security market comprises several stakeholders such as perimeter security solution vendors, government agencies, open source providers, Independent Software Vendors (ISVs), Internet service providers, cloud service providers, third-party providers, system integrators, Value-Added Resellers (VARs), Information Technology (IT) security agencies, and research organizations. The primary sources included industry experts from the core and related verticals, and preferred suppliers, manufacturers, distributors, service providers, technology developers, and technologists from companies and organizations related to all the segments of the perimeter security market’s value chain. In-depth interviews were conducted with various primary respondents, including Chief Executive Officers (CEOs), Vice Presidents (VPs), marketing directors, technology, perimeter security experts, and innovation directors, and related key executives from various key companies and organizations operating in the perimeter security market, to obtain and verify critical qualitative and quantitative information, as well as assess the market’s prospects. The market was estimated by analyzing various driving factors, restraints, opportunities, challenges, industry trends, and key players’ strategies in the perimeter security market space.

Various primary sources from both the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information.

The following figure depicts the breakup of primary respondents’ profiles:

Perimeter Security Market

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

Both top-down and bottom-up approaches were used to estimate and validate the total size of the perimeter security market. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

  • The key players in the industry and markets have been identified through extensive secondary research.
  • The industry’s supply chain and market size, in terms of value, have been determined through primary and secondary research processes.
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Data Triangulation

After arriving at the overall market size—using the market size estimation processes as explained above—the market was split into several segments and subsegments. In order to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, the data triangulation and market breakdown procedures were employed, wherever applicable. Extensive qualitative and quantitative analyses were performed on the complete market engineering process to list the key information/insights throughout the report.

Report Objectives

  • To define, segment, and project the global market size for market
  • To define, describe, and forecast the perimeter security market by component (systems and service), industry vertical, and region
  • To provide detailed information about the major factors (drivers, restraints, opportunities, and challenges) influencing the growth of the perimeter security market
  • To analyze the micromarkets with respect to the individual growth trends, prospects, and contributions to the overall market
  • To analyze market opportunities for stakeholders by identifying the high-growth segments of the perimeter security market
  • To forecast the market size of the segments with respect to regions, such as North America, Europe, APAC, MEA, and Latin America
  • To profile the key players in the perimeter security market and comprehensively analyze their market size and core competencies
  • To track and analyze competitive developments such as new product launches, mergers and acquisitions, and partnerships, agreements, and collaborations in the global perimeter security market

Available Customizations

With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakdown of the North American perimeter security market
  • Further breakdown of the European perimeter security market
  • Further breakdown of the APAC perimeter security market
  • Further breakdown of the MEA perimeter security market
  • Further breakdown of the Latin American perimeter security market

Company Information

  • Detailed analysis and profiling of additional market players

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Related Technologies/Products

 

Adjacent Markets

Mar. Size
2018
CAGR 2018-23

Competitive Landscape

 
 
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Report Code
TC 2196
Published ON
Aug, 2019
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