Perimeter Security Market is expected to reach USD 121.17 Billion by 2030 : Cognitive Market Research

Market Overview
- Perimeter security is a security system designed to protect the boundary or perimeter of a specific area from unauthorized access or intrusion. The perimeter can be physical, such as a fence or wall, or it can be virtual, such as a network boundary or access control system. The goal of perimeter security is to prevent or delay unauthorized access to a protected area by creating a physical or virtual barrier that is difficult to breach.

Summary:
- The Global Perimeter Security Market size is expected to grow from USD 66.43 Billion in 2022 to USD 121.17 Billion by 2030, at a CAGR of 7.8% during the forecast period (2023-2030).

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Market Dynamics:
- The market for perimeter security market is driven by the rising concerns about security threats due to increasing incidents of thefts, planned crimes, smuggling, and human trafficking. Moreover, rising high-profile security breaches have increased public awareness of the need for better security measures, including perimeter security. This has led to increased demand for perimeter security systems in various industries and settings.
Furthermore, the increasing adoption of IoT devices and cloud computing has led to an increase in the number of endpoints that need to be secured. This is possible with the help of perimeter security to protect these endpoints by creating a secure boundary around the network. This factor is anticipated to accelerate the growth of the market.

Market Segmentation:
System
• Access Control Systems (ACSs)
• Alarms & Notification Systems
• Video Surveillance Systems
• Barrier Systems
• Intrusion Detection Systems
• Others
Based on Systems, the Video Surveillance Systems segment held the largest share in the year 2022. The presence of cameras in public places, commercial establishments, and residential properties can reduce the likelihood of theft, vandalism, and other criminal activities.

Service
• System Integration & Consulting
• Maintenance & Support
• Risk Assessment & Analysis
• Managed Services
Based on Service, the System Integration & Consulting segment dominated the market in the year 2022 owing to its advantages such as it provides precise information and improved decision-making power and enabling the optimal functional workflow.

End-Use
• Commercial
• Military & Defense
• Government
• Transportation
• Industrial
• Others

The Major Players in Perimeter Security Market are:
Honeywell, Axis Communications, Dahua Technology, Bosch Security, United Technologies, Southwest Microwave, Johnson Controls, Rbtec Perimeter Security Systems, Fiber Sensys, Cias Elettronica, Senstar Corporation, Puretech Systems, Hangzhou Hikvision Digital Technology

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Regional Analysis:
- North America is a leading region of the Perimeter Security market.
North America held the largest share of the Perimeter Security market owing to its increasing investment in research and development in various fields, increasing advancement in technology, and rising adoption of IoT and cloud computing.
Asia Pacific is projected to register the fastest growth during the forecast period owing to fast-developing infrastructure, increasing regulatory requirements that mandate the use of perimeter security measures, and increasing incidents of crime led to increasing the need for Perimeter Security.

News:
- AXIS Perimeter Defender introduced AI-based functionality.
In September 2021, Axis Communications AB released a new edge-based AXIS Perimeter Defender intrusion detection analytics that provides AI-based human and vehicle classifications for perimeter protection use cases. This ensures negligible false alarms when joined with calibration.

Browse here for Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Perimeter Security Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Perimeter Security Market Segmentation
1.5.1 Perimeter Security Market Regional Fragmentation
1.5.1 Perimeter Security Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Perimeter Security Market
Chapter 4 Global Perimeter Security Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Perimeter Security Market by System Segmentation Analysis (2018-2030)
Chapter 10 Global Perimeter Security Market by End-Use Segmentation Analysis (2018-2030)
Chapter 11 Global Perimeter Security Market by Service Segmentation Analysis (2018-2030)
Chapter 12 Global Perimeter Security Market Regional Analysis
Chapter 13 North America Perimeter Security Market Outlook (2018 - 2030)
Chapter 14 Europe Perimeter Security Market Outlook (2018 - 2030)
Chapter 15 Asia Pacific Perimeter Security Market Outlook (2018 - 2030)
Chapter 16 Latin America Perimeter Security Market Outlook (2018 - 2030)
Chapter 17 Middle East and Africa Perimeter Security Market Outlook (2018 - 2030)
Chapter 18 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)

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