Perimeter Security Market worth $17.7 Billion by 2018

Wednesday 29 January 2014, Amsterdam

The major forces driving this market are increasing demand due to threats, government regulations, high technological advancements and reduction of manpower cost. The significance of the perimeter security has increased, as the world is not becoming any safer to live. Any attack/ mishap at critical infrastructures, or any other building/ public places can lead to great economic and human losses.

This new report has segmented the perimeter security market by type of technologies and systems: intrusion detection sensor systems, video surveillance systems, communication, access controls and others; by type of services: system integration and consulting, risk assessment and analysis, managed services, and maintenance and support; by verticals: defense and government, transportation facilities, critical infrastructure, commercial facilities, sensitive areas, and others; and by regions: North America (NA), Asia Pacific (APAC), Europe (EU), Middle East and Africa (MEA) and Latin America (LA). The intrusion detection sensor systems have been further segmented on the basis of technologies and type of deployment. Sensors by technologies: microwave sensors, radar sensors, fiber-optic sensors, infrared sensors, and others; by deployment-type: fence mounted, buried, and open area.

This new report forecasts the global perimeter security market to grow from $11.6 billion in 2013 to $17.7 billion in 2018, at a Compound Annual Growth Rate (CAGR) of 8.8% from 2013 to 2018. The North American region is expected to have the largest market share, which will be succeeded by Asia-Pacific, in 2018. Due to increase in the laws and regulations, high technological advancements, and also the increasing instances of threats, an increasing trend in implementation of perimeter security solutions in the emerging Brazil, Russia, China, and India (BRIC) countries has been noted.