Perimeter Security Market to be Worth $132.4 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, July 7, 2022 /PRNewswire/ -- The global perimeter security market size is expected to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period, according to a new report by Grand View Research, Inc. The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems. Technological proliferation has led to the growth of smart cities and smart infrastructure. Owing to this, the implementation of security systems at commercial complexes, entertainment hubs, and public sites is on the rise. The integration of security systems with the internet and the latest mobile devices has made surveillance easier. The latest technology has also led to the introduction of infrared, microwave, radar, and seismic sensors.

Key Industry Insights & Findings from the report:

• The system integration & consulting services segment dominated the market in 2021 and is estimated to generate high revenue by 2030.
• System integration & consulting services help businesses create opportunities to drive high performance and accelerate business innovation; thereby creating growth opportunities for the segment.
• The video surveillance systems segment is anticipated to witness the fastest growth rate over the forecast period.
• Increasing concerns regarding public security & safety, growing demand for spy cameras, and rising adoption of IP cameras are driving the video surveillance systems segment.
• The military & defense end-use segment accounted for the largest share of the global revenue in 2021.
• The Asia Pacific regional market is expected to witness the fastest CAGR during the forecast period due to the increasing infrastructure developments.

Read 216-page market research report for more latest Industry Insights, "Perimeter Security Market Size, Share & Trends Analysis Report By System (Intrusion Detection, Video Surveillance Systems), By End-use (Commercial, Transportation), By Service, And Segment Forecasts, 2022 - 2030", published by Grand View Research.

Perimeter Security Market Growth & Trends

The video surveillance systems segment is expected to register the fastest CAGR over the forecast period due to the large-scale investments in smart infrastructure projects by various nations. The global need to improve safety and security across many industries is considerably contributing to the market growth. In comparison to the preceding decade, the surveillance market has changed due to significant advances in cloud hosting and video surveillance software. The alarms & notification systems are expected to grow at a slow pace in the market over the forecast period. The maintenance & support systems are anticipated to witness the fastest growth over the next eight years. Perimeter security systems are expected to find major applications in the transportation end-use segment.

Perimeter Security Market Segmentation

Grand View Research has segmented the global perimeter security market on the basis of system, service, end-use, and region:

Perimeter Security Market - System Outlook (Revenue, USD Million, 2017 - 2030)

• Access Control
• Alarms & Notification
• Intrusion Detection
• Video Surveillance
• Barrier
• Active Barriers
• Passive Barriers
• Others

Perimeter Security Market - Service Outlook (Revenue, USD Million, 2017 - 2030)

• System Integration & Consulting
• Risk Assessment & Analysis
• Managed Services
• Maintenance & Support

Perimeter Security Market - End-use Outlook (Revenue, USD Million, 2017 - 2030)

• Commercial
• Government
• Industrial
• Military & Defense
• Transportation
• Others

Perimeter Security Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America
• U.S.
• Canada
• Europe
• France
• Germany
• U.K.
• Asia Pacific
• China
• India
• Japan
• Latin America
• Brazil
• Mexico
• Middle East & Africa

List of Key Players of Perimeter Security Market

• Axis Communications AB
• Barrier1 Systems, Inc.
• Optex, Inc.
• Honeywell International, Inc.
• Tyco International Ltd.
• Puretech Systems
• Senstar Corp.
• Delta Scientific Corp.
• RBtec Perimeter Security Systems
• Cias Elettronica Srl

Check out more related studies published by Grand View Research:

• Public Safety And Security Market - The global public safety and security market size is expected to reach USD 812.6 billion by 2025, expanding at a CAGR of 14.8% from 2019 to 2025, according to a new report by Grand View Research, Inc. The rapid modernization of public safety regulations and policies across the globe is anticipated to drive the market growth over the forecast period.
• Barrier Systems Market - The global barrier systems market size is expected to reach USD 24.5 billion by 2025, registering a CAGR of 9.8% from 2020 to 2025, according to a new report by Grand View Research, Inc. The growth can be attributed to their increasing use in commercial, residential, and high-end security applications.
• Homeland Security Market - The global homeland security market size is expected to reach USD 452.46 billion by 2024 according to a new report by Grand View Research, Inc. Technological advances in homeland security across the globe are expected to drive the market over the forecast period. Asia Pacific is anticipated to witness considerable growth owing to the advancements across emerging economies such as China and India.

Browse through Grand View Research's Electronic Security Industry Research Reports.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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SOURCE Grand View Research, Inc.