HOME Research Insight Video surveillance systems are expected to have higher growth rate in the perimeter security market

Video surveillance systems are expected to have higher growth rate in the perimeter security market

MarketsandMarkets observes the increasing deployment of video surveillance solutions with intelligent video and analytics components in the perimeter security market. Traditionally, the sensors have been mainly used to detect intruders at perimeter. The trend has now shifted towards cameras and analytics in integration with the sensors. The video surveillance cameras and analytics are being deployed for perimeter security at a high rate and are becoming an integral part of electronic perimeter security solutions. It is possible to decrease the nuisance alarm rate (NAR) with the help of these systems. The costs of manned guarding and operators, and the number of security staff can be reduced by introduction of video surveillance and analytics. It is also used to enhance the efficiency of operators and security guards. Video is mainly used in the identification of the intruder but in time to come, it is possible that it may be used to detect intruders as well.

The need for perimeter security is increasing due to a constant risk of terrorist attacks, large-scale illegal immigration, increased crime and violent anti-government protests as a result of international and local issues. Theft at Brussels airport in March 2013, other security breaches at Atlanta’s Hartsfield-Jackson International Airport in November 2012, Utah’s St. George Municipal Airport in July 2012, Y-12 National Security Complex in August 2012, Philadelphia International Airport in March 2012, and rocket plant in Russia in December 2011 are just few examples of the increasing number of threats. The demand for perimeter security is increasing as these breaches have raised criticism. The demand is not limited to any extent; it is a necessity now-a-days for all the verticals including Transportation; Critical infrastructures such as nuclear plants, chemical industries, and oil and gas facilities; Commercial buildings; Govt. and Defense; and for all Sensitive areas, has also shown increase in the demand for perimeter security technologies and systems where Integrated security solutions are being developed to meet the demands of perimeter security.

Other technologies and systems such as intrusion detection sensor technologies, communication technologies, and access control are expected to have a steady growth rate in this market.MarketsandMarkets expects the perimeter security market to have the highest revenue growth from North America (NA) and Europe, followed by APAC and other regions, in 2013.MarketsandMarkets forecasts the global perimeter security market to grow from $11.6 billion in 2013 to $17.7 billion in 2018 at a Compound Annual Growth Rate (CAGR) of 8.8% from 2013 to 2018.

Related Reports:

Perimeter Security Market [by System (Intrusion Detection Sensor, Video Surveillance, Communication/Alarm and Notification, Access Control System), by Deployment (Fence Mounted, Buried, Open Area)] - Worldwide Market Forecasts and Analysis (2013-2018)

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