Perimeter Security is a set of measures designed to protect the boundaries of an organization or a physical facility. It has become increasingly important as businesses and organizations move their operations online and store sensitive data in the cloud. Perimeter security involves multiple layers of defense, such as access control systems, firewalls, and intrusion detection systems (IDS). The goal is to prevent unauthorized individuals or entities from entering or accessing a facility or network.
The global perimeter security market value was approximately USD 59.6 billion in 2020. It is expected that the market will grow at 7.9% and reach USD 93.34 billion by 2026.
The market growth has been fueled by the increasing threat from terrorism and other cross-border intrusions. The market is driven by a rise in the development of smart cities and infrastructure. The government is increasing its support for the implementation of security systems in critical areas. Technological advances in automation have led to the rapid adoption of new techniques such as aerial drones and video analytics. This will provide better results.
Figure: The below figure indicated a graphical representation of the report along with market Sales Value (USD In Bn) & Y-O-Y growth rate:
Global demand for advanced perimeter security systems has surged due to increased threats such as terrorism, vandalism and burglary. These systems are used to protect governmental buildings, airports, ports, high-security areas and many other sensitive locations. Perimeter security solutions include technologies such as surveillance cameras, access control systems, metal detectors and biometric readers that help detect any breach of boundary walls or fences surrounding these sensitive sites.
Perimeter security systems are increasingly being used in high-risk verticals like military sites and critical infrastructure to detect and prevent intrusions. Globally, there has been a significant rise in the demand for high-quality security systems due to rising incidences of terrorist activities, theft, and illegal migration.
Global Perimeter Security Market: Dynamics
The need to reduce the workforce is a major driver for the perimeter security industry. The number of manually-checked checkpoints can also be reduced by automated processes. In the near future, there will be an increase in demand for end-use industries like oil, petrochemicals, electrical, and other dangerous industries. Real-time security solutions will often include computer programming, artificial Intelligence, remote control, semiconductors and electronics. Technical cooperation is encouraged by market players due to the high level of production and operational complexity in the inspection drone market. To maintain their competitive edge, stakeholders will need to spend more on R&D. Security solutions allow manufacturers to keep pace with increasing automation in their plants.
High-risk areas such as military installations or critical infrastructure are being targeted for perimeter security systems deployment. As a result, there has been a significant increase in terrorist activity, theft, and illegal migration. Economic growth is dependent on advanced perimeter security solutions. The high financial costs of terrorist acts can have a major negative effect on an economy. To combat terrorist attacks and protect critical infrastructure, governments around the globe are working to establish industry standards and perimeter security rules.
To protect their perimeters against sophisticated breaches, verticals like government, military, defense, correctional facility, transport, critical infrastructure, commercial and industrial use advanced perimeter security solutions. Modern technologies like AI, ML and computer vision have made it possible to create more advanced perimeter security platforms. These cutting-edge technologies have enabled manufacturers to develop new, more sophisticated perimeter security measures in addition to improving efficiency.
However, market growth will be limited by increased initial deployment costs, and a lack of technical expertise, and security skills that will continue to challenge the perimeter security market over the forecast period.
Perimeter Security Market Share along with Competitive Landscape Analysis:
Top: World’s Biggest Perimeter Security Industry Companies
Axis Communications AB
Barrier1 Systems, Inc.
Honeywell International, Inc.
Tyco International Ltd.
Delta Scientific Corp.
RBtec Perimeter Security Systems
Cias Elettronica Srl
Perimeter Security: Market Segmentation
On the basis of systems, the global market has been further categorized into access control systems, alarms & notification systems, intrusion detection systems, video surveillance systems, barrier systems, and others.
On the basis of end-uses, the global market has been further segmented into commercial, government, industrial, military & defense, transportation, and others.
On the basis of geographies, the global market has been further divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Conclusion: Securing Perimeters
The conclusion of the discussion on perimeter security is that it remains a powerful tool for safeguarding businesses and organizations from external threats. It is an important component of any comprehensive security strategy, due to its ability to provide physical barriers and access control measures that can deter or mitigate intrusions. However, its effectiveness is limited by numerous factors such as physical terrain, cost of implementation, and difficulties in maintaining proper maintenance. Furthermore, perimeter security systems should be complemented by other internal protective measures such as intrusion detection systems and firewalls in order to form an effective defense against malicious attacks.