Perimeter Security Market Analysis 2023: Market Growth Rate, Trends And Insights 2032 | Honeywell, Axis Communications, Dahua Technology, Bosch Security, United Technologies

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Perimeter Security Global Market Report 2023 identifies increasing threat of terrorism and cross-border intrusions as the major driver for the Perimeter Security market's growth in the forecast period. Terrorism is the improper use of force and intimidation, particularly against civilians, to further political objectives. Cross-border intrusions refer to the movement of a unit, force, or military asset inside another country's designated operational area, territorial seas, or territory airspace for surveillance or information gathering. The threat of terrorism and cross-border intrusions is rising to gain power and fulfil demands of various countries and groups of individuals.

The global perimeter security market size is expected to grow from $62.32 billion in 2022 to $68.40 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The perimeter security market size is expected to reach $95.93 billion in 2027 at a CAGR of 8.8%.

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Major competitors in the Perimeter Security market are Honeywell, Axis Communications, Dahua Technology, Bosch Security, United Technologies.

A key trend in the Perimeter Security market includes technological advancements. Major companies operating in the perimeter security market are focused on developing new technological solutions, such as integrated off-grid security solutions, to provide a better security system alternative. An integrated off-grid monitoring system is created by integrating solar power technology, 4G network transmission technology, and video surveillance, including AI features. For instance, in January 2022, Zhejiang Dahua Technology Co., Ltd., a Chinese-based video surveillance solutions company, launched an integrated off-grid security solution.

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The Perimeter Security market is segmented -

1. By Component: System, Service
2. By System: Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarms and Notifications Systems, Other Systems
3. By Service: System Integration, Consulting, Risk Analysis and Analysis, Managed Security Services, Maintenance, and Support
4. By End-Use: Transportation, Commercial, Government, Military, Defense, Other End-Users
5. By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Perimeter Security market.

The Business Research Company's "Global Perimeter Security Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Perimeter Security Market Include:

1. Executive Summary
2. Perimeter Security Market Characteristics
3. Perimeter Security Market Trends And Strategies
4. Perimeter Security Market - Macro Economic Scenario
5. Perimeter Security Market Size And Growth
……
26. Africa Perimeter Security Market
27. Perimeter Security Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Perimeter Security Market
29. Perimeter Security Market Future Outlook and Potential Analysis
30. Appendix

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