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Global Perimeter Security Market 2024 Production Analysis, Latest Trends, Industry Share And Forecast To 2033 | Major Players Are Honeywell International Inc., Axis Communications AB, Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems, Inc., Unite
Perimeter Security Market
The Business Research Company presents an extensive market research report on the Perimeter Security Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The perimeter security market size has grown strongly in recent years. It will grow from $68 billion in 2023 to $74.19 billion in 2024 at a compound annual growth rate (CAGR) of 9.1%. The growth in the historic period can be attributed to security threats and incidents, terrorism and global events, urbanization and infrastructure development, risk management evolution, cybersecurity concerns..
The perimeter security market size is expected to see strong growth in the next few years. It will grow to $105.95 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%. The growth in the forecast period can be attributed to increasing demand for biometrics, cyber-physical security integration, cloud-based solutions, demand for scalable solutions, environmental sensors.. Major trends in the forecast period include interoperability and integration, predictive maintenance, energy efficiency and sustainability, mobile integration and control, environmental sensors and anomaly detection..
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Key Market Players:
Major companies operating in the perimeter security market report are Honeywell International Inc., Axis Communications AB, Zhejiang Dahua Technology Co. Ltd., Bosch Security Systems, Inc., United Technologies Corporation, Southwest Microwave Inc., Johnson Controls International plc, Rbtec Perimeter Security Systems, Fiber Sensys Inc., Senstar Corporation, Puretech Systems, Atrity Info Solutions Private Limited, Hangzhou Hikvision Digital Technology Co. Ltd., Sicurit Perimeter Protection Systems Partner, Advanced Perimeter Systems Limited, Avigilon Corporation, Checkpoint Systems Inc., CIAS Elettronica Srl, FLIR Systems Inc., F-Secure Corporation, Genetec Inc., Hanwha Techwin Co. Ltd., Hikvision Digital Technology Co. Ltd., Milestone Systems A/S, Optex Co. Ltd., Panasonic Corporation, Pelco Inc., RISCO Group Ltd., SightLogix Inc., Texecom Ltd., Vanderbilt Industries LLC, Zaun Ltd.
Market Drivers:
The increasing threat of terrorism and cross-border intrusions is expected to propel the growth of the perimeter security market going forward. 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 fulfill the demands of various countries and groups of individuals. Perimeter security is the first line of defense in securing critical assets, information, and people by utilizing cutting-edge technology. For instance, in 2023, according to the Global Terrorism Index by the Institute for Economics & Peace, an Australia-based think tank, terrorist attacks became more deadly in 2022, killing on average 1.7 people per attack in 2022 compared to 1.3 deaths per attack in 2021. Therefore, the increase in the threat of terrorism and cross-border intrusions is expected to drive the growth of the perimeter security market.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/perimeter-security-global-market-report
The perimeter security market covered in this report is segmented -
1) By Component: System, Service
2) By End-Use: Transportation, Commercial, Government, Military, Defense, Other End-Users
Subsegment : Perimeter Intrusion Detection Systems, Video Surveillance Systems, Access Control Systems, Alarms and Notifications Systems, Other Systems, System Integration, Consulting, Risk Analysis and Analysis, Managed Security Services, Maintenance and Support
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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