Market Synopsis
The global perimeter protection market drives substantial revenues. Market growth is attributed to increased digitalization, cross-border infiltration, and volatility in geopolitics. Digitalization has impacted market growth positively, adding innovations that have made perimeter protection systems extremely efficient.
Increased terrorism worldwide is a major growth driver, creating a major demand from the residential, government, and military sectors. Perimeter protection systems reduce the reliance on manned protection and limit the workforce required to oversee the protection of vast areas. Moreover, perimeter protections can restrict urban crimes and pilfering of commodities from industries and warehouses.
With the rising adoption of perimeter protection solutions across commercial, residential, industrial, and infrastructural sectors, the market is projected to garner significant traction in the years to come. In this regard, Market Research Future (MRFR) asserts that the global perimeter protection market valuation is poised to reach exponential heights by 2027, registering an impressive CAGR throughout the review period (2020-2027).
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The increase in Terrorism related concerns is influencing government and military sectors to deploy effective Perimeter protection solutions to curb reliance on manned protection and to limit manpower to oversee protection activities. The gradual advancements in perimeter protection solutions to ensure greater safety and their ability to meet required unique solution of a specific perimeter protection can promote the expansion of the market across the review period. The integration of perimeter protection solutions in traditional protection infrastructure presents can favor the market.
Market Segmentation
The segment evaluation of the perimeter protection market is done by component, services, and end-users.
The component based segments of the perimeter protection market are Perimeter Intrusion Detection Systems, perimeter protection systems, Access Control Systems, Video Surveillance Systems, Alarm and Notification Systems, and others. The perimeter protection systems can win high revenue for the market though the evaluation period.
The service based segments of the perimeter protection market are Managed Services and professional services. The professional services to thrive in the years to come.
The end-user based segments of the perimeter protection market are Commercial, residential, government and defence, and industrial. The increased application of perimeter protection in the government and defence field can favor the market expansion across the review period.
Region Study
In North America, the increase in the adoption of due to rise in terrorism against the US, illegal immigration issues, and a booming digitalized industry are some chief factors that are observed to boost the regional market in the years to come. In Europe, the expansion of the perimeter protection market can be attributed to the surge in the need for combating terrorism, growing concern for surveillance to boost public safety, and the need to ensure commercial and industrial enterprises protection. In Asia Pacific, the rising demand for perimeter protection solutions can spur the rise of the regional market. In addition, the increase in the need for perimeter protection application for commercial and industrial corporations can support the rise of the market across the analysis period.
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Key Players
Cias Elettronica, Senstar Corporation, Southwest Microwave, Inc., Hikvision Digital Technology Co., Ltd., Axis Communications AB, Schneider Electric, FLIR Systems, Dahua Technology Co., Ltd., Johnson Controls International PLC, Tyco International PLC, Honeywell International Inc., Bosch Security Systems, Rbtec Perimeter Security Systems, United Technologies Corporation, Puretech Systems, Inc., and Fiber Sensys, Inc. are some noteworthy names in the perimeter protection global market, as profiled by MRFR.
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