Perimeter Security Market

List of Top Perimeter Security Companies - Honeywell (US), Dahua Technology (China) and Panasonic (Japan)

The global perimeter security market size is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period. Several vital factors significantly drive the growth of the perimeter security market. Firstly, there is a notable increase in security breaches and perimeter intrusions globally, underscoring the need for enhanced security measures.

Further, the rising threat landscape fuels the demand for perimeter intrusion detection systems, which are crucial for the early detection and mitigation of potential security risks. Additionally, integrating smart technologies such as AI, ML, and the IoT is transforming the efficiency and effectiveness of security systems, enabling more sophisticated surveillance and monitoring capabilities.

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Lastly, the adoption of cloud computing and the shift towards remote work have also spurred the need for robust security infrastructures that can operate flexibly and be managed remotely, further propelling the market's expansion. These technological advancements and changing work dynamics are pivotal in driving the need for advanced perimeter security solutions.

Perimeter Security Market Definition

The perimeter security market refers to the range of systems and technologies deployed to prevent unauthorized access and protect individuals and assets within a designated boundary. The market comprises physical barriers like fences, gates, and lighting and advanced technological solutions, including video surveillance, access control systems, sensors, and alarms. These components protect critical infrastructures, commercial zones, and residential areas from external threats.

Top Perimeter Security Companies includes:

  • Honeywell (US)
  • Dahua Technology (China)
  • Bosch Security Systems (Germany)
  • Hikvision (China)
  • Axis Communications (Sweden)
  • Senstar (Canada)
  • Pelco (US)

MnM predicts that most businesses use inorganic growth strategies to hold their market share. In 2021–2022, the number of agreements rose significantly. MnM is expecting the rate of the accords will further increase in the perimeter security market in the coming years as startups are evolving in the following market space, having technical advancements which, with time, get acquired or partnerships with tech giants to bring the innovations in their existing solutions and increase their market share in the perimeter security market.

Honeywell (US) :

  • Honeywell is one of the most prominent businesses in the security industry. The company develops innovative technologies in aerospace products and services, control, sensing, and security systems for homes, businesses, and buildings; and performance materials, safety, and productivity solutions. It provides automotive goods, specialty chemicals, sophisticated electrical materials, and turbochargers. It operates through five business segments: building technologies, performance materials and technology, safety and productivity solutions, aerospace, corporate, and others.
  • Honeywell caters to several industries, including aerospace and travel, commercial real estate, energy, logistics and warehouses, retail, healthcare, hospitality, government and military, education, data centers, and smart cities in regions including North America, Europe, Middle East and Africa, Asia Pacific, and Latin America. In 2023, the conglomerate had a global workforce of approximately 95,000 employees. In 2022, IoT Evolution World awarded Honeywell Forge the IoT Evolution Industrial IoT Product of the Year award. The company has expanded its portfolio and market presence through partnerships and acquisitions with companies such as Elster (US), Xtralis (Ireland), Sparta Systems (US), and Sine Group (Australia), among others.

Dahua Technology (China)

  • Dahua Technology is a major supplier of video surveillance solutions, hardware, and services. It offers exceptional goods with innovative technology. The organization excels in embedded technology, intelligent technology, pre-treatment technology, Image processing technology, cloud storage technology, and network technology. The organization offers Premium IVS, Advanced IVS, and Analytics+ for video analytics. Premium IVS provides fundamental data analytics. Advanced IVS, a mid-level analytics tool. It also provides solutions for applications, including heat mapping, object tracking, facial recognition, and people counting. Analytics+ is a comprehensive tool that employs advanced technology to provide facial recognition, line crossing, and perimeter security. The company has filed over 1,700 patents and employs around 6,000 R&D specialists with over 20 years of experience creating and producing video surveillance solutions for professional applications. Additionally, as of 2021, the company has more than 22,000 workers.
  • Dahua Technology caters to retail, agriculture, gaming, healthcare, commercial, and residential industries in North America, Europe, Asia Pacific, and Latin America. The company has acquired security providers, such as Lorex, and partnered with some leading names, including Dell (US), Beijing University of Posts and Telecommunications (China), Texas Instruments, Inc. (US), Sony Corporation (Japan), and OmniVision Technologies, Inc. (US) to strengthen its market position further.

Panasonic (Japan) :

  • Panasonic (Japan)is a global provider of diversified electronics technologies and solutions for clients seeking new values via innovation across divisional lines. It offers HD cameras that have high magnification, enabling operators to extract minute information for monitoring and tracking. Such a high level of resolution records delicate hand motions even in low-light situations. Panasonic's systems provide essential HD coverage and nuanced insight, owing to innovative capabilities like real-time face identification and built-in analytics. Panasonic provides enterprise-level technology solutions with seamless integration, interoperability, and scalability to grow the customized system. The firm offers security cameras and video surveillance systems for perimeter security sectors. Panasonic has the most diverse range of IP addressable, analog, and hybrid camera systems. Face identification and real-time face recognition are included in its Pro Smart HD systems, as are variable resolutions, to minimize overall video file size. Its video servers provide HD surveillance camera footage from any place. It also offers fiber-optic transceivers, receivers, and transmitters mainly built to interact with its security solutions.
  • Panasonic caters to several industries, such as artificial intelligence, automation, construction, electrical equipment, electronics, entertainment, fans, home appliances, Industrial equipment, IoT, lighting, personal computers, real estate, rechargeable batteries, robotics, and software. It has grown extensively and has 582 subsidiaries and 87 related firms worldwide. The company has a worldwide presence in North America, Europe, Asia, the Middle East, and Latin America.

CIAS (Italy) :

  • CIAS (Italy) specializes in the research, development, and production of security equipment and perimeter protection systems. It is well-known domestically and globally for its microwave, infrared, triple technology barriers, and fence detection systems. Its devices secure the perimeters of nuclear power plants, high-security prisons, military and civil airports, banks, and major companies. They also secure detached residences, flats, and shopping malls. CIAS has been a cornerstone in the security sector for almost 45 years, distinguishing itself via continual technical innovation for perimeter defense. The perimeter security solutions offered by the company include perimeter protection, video analysis, fence detection, infrared barriers, and others. In 2022, CIAS enhanced its perimeter security system, integrating deep learning and digital fuzzy logic sensors with traditional security technologies for sensitive sites. Their portfolio includes microwave barriers, the innovative Micro-Ray barrier, the Sioux Pro2 1.500m system for fence protection, and the compact radar Murena Compact +. The latest addition, SYNAPSES, is a self-adaptive multisensor system that reduces false alarms and increases detection accuracy by integrating video analytics with deep learning.

Bosch Security Systems (Germany):

  • Bosch Security Systems is a leading provider of security, safety, and communications products and solutions. They offer a wide range of perimeter security solutions, including video surveillance, intrusion detection, access control, and intelligent analytics, designed to protect critical infrastructure and assets.

Hikvision (China):

  • Hikvision is one of the largest manufacturers of video surveillance products and solutions globally. They specialize in advanced CCTV cameras, thermal imaging systems, and video management software for perimeter security applications. Hikvision's offerings often incorporate AI-powered analytics for enhanced threat detection and response.

 

Related Reports:

Perimeter Security Market by Component (Systems & Services), System (Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarm & Notification Systems, Barrier Systems), Services Region - Global Forecast to 2029

Perimeter Security Market Size,  Share & Growth Report
Report Code
TC 2196
RI Published ON
4/29/2024
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