Perimeter Security Market Size, Share & Trends Analysis Report By System (Access Control Systems, Alarms & Notification Systems, Intrusion Detection Systems, Video Surveillance Systems, Barrier Systems, Others), By End-Use (Government, Military & Defence, Transportation, Commercial, Industrial, Others), By Service (System Integration & Consulting, Risk Assessment & Analysis, Managed Services, Maintenance & Support), By Component (Solution, Services) and By Region(North America, Europe, APAC, Middle East and Africa, LATAM) Forecasts, 2022-2030

Market Overview

The global perimeter security market size was valued at USD 59.13 billion in 2021 and is predicted to reach at USD 132.95 million by 2030, increasing at a CAGR of 9.42% from 2022 to 2030.

Unauthorized physical intrusions to a facility's perimeter are prevented by a perimeter security system, which utilises a variety of different technologies to do just that. Perimeter security systems have evolved in the last few years due to technological improvements. For the most part, these systems were used to prevent and detect intrusions at vital infrastructure, military sites, and other highly secure locations. However, the application of these systems in residential and commercial sites, transit sites, retail areas, and several other venues is gaining traction.

The market's growth is being fuelled by issues such as terrorist threats and public awareness of illegal immigration. This increase is also being influenced by technological advancements in video surveillance; rising human resources expenses; the expansion of smart city infrastructure; government regulations and industry standards for perimeter security.

Market Dynamics

Global Perimeter Security Market Drivers

R&D And Commercial Deployments of Automation Are Increasing at An Ever-Increasing Rate

The necessity to minimize the workforce is another major reason driving the perimeter security industry. Automated processes also reduce the number of checkpoints that must be manually checked. The end-use sectors, such as oil, petrochemical, electrical, and other hazardous industries, will soon see an increase in demand. It is usual for security solutions that give real-time protection to include computer programming as well as artificial intelligence, remote control, and semiconductors and electronics. The inspection drone market's high level of production and operational complexity fosters technical cooperation between market participants. In order to maintain their competitive advantage, stakeholders will need to invest more in R&D. Security solutions provide a boost to the market by enabling manufacturers to keep up with the ever-increasing level of automation in their facilities.

Terrorism And Cross-Border Invasions Are Becoming More Prevalent

There has been an increase in the deployment of perimeter security systems in high-risk areas including military installations and critical infrastructure. Demand for advanced security systems around the world has risen significantly due to an increase in terrorist activities, theft, sabotage, and illegal immigration. Despite progress in India, Afghanistan, and Pakistan, South Asia was the region most affected by terrorism in 2019. In addition, there has been a major rise in far-right terrorism during the past few years. For economic growth to occur, advanced perimeter security solutions are essential. Terrorism has a significant negative influence on the economy because of the high financial costs it entails. In an effort to combat terrorism and protect critical infrastructure, governments throughout the world are focusing on establishing rules and industry standards for perimeter security. European Leadership Network (ELN), a pan-European think-tank, has created the notion of social impact bonds in relation to terrorism, with a specific focus on protecting dangerous items such as radioactive medical waste that can be utilized in sophisticated terror strikes, such as a nuclear weapon. In addition, the OSCE's emphasis on human rights protection and counterterrorism is likely to promote the expansion of perimeter security systems in Europe's capitals.

Global Perimeter Security Market Restraints

Lack Of Technical Knowledge and The Necessity for Security Training and Awareness

A lack of knowledge about security threats and the consequent potential losses is inhibiting the perimeter security market's growth. Inexperienced system integrators and security experts attempt to integrate old IT systems with enhanced perimeter security, which could harm the present IT system running on vital infrastructure. It is becoming increasingly difficult for enterprises to meet their rising perimeter security requirements due to a lack of technological competence and security skills. Many firms hire security professionals that lack the ability to analyze the complexity of perimeter security systems. As a result, firms with severe perimeter security needs are unable to hire trained personnel, which leaves them open to a variety of breaches. There are several vital services supplied by security companies. Employees at the customer's location are shown how to use the newly installed solution. This training improves the abilities of the workers, resulting in a better level of security and safety. The security training and consulting market is predicted to increase at a fast rate in the next two to five years due to the rapid advancements in security technologies and mobile devices and applications.

Global Perimeter Security Market Key Future Opportunities

AI, ALPR, Computer Vision, And Big Data Analytics Are Becoming More Prevalent

In order to protect their perimeters against sophisticated breaches, verticals like government, military and defense, correctional facilities, transportation, critical infrastructure, commercial, and industrial are employing advanced perimeter security solutions. With the aid of cutting-edge technologies like AI, ML, computer vision, and facial recognition, conventional perimeter security platforms have been replaced by more sophisticated perimeter security platforms. In addition to increasing efficiency, these systems that use the most recent technology have forced manufacturers to develop brand-new, very sophisticated perimeter security measures. For the protection of national borders and facilities, intelligent perimeter security systems fueled by AI, ML, and computer vision have become essential. The perimeter security of industrial sites, commercial buildings, airports, and other crucial facilities is improved by video analytics systems in combination with facial recognition, advanced object tracking, Advanced License Plate Recognition (ALPR), AI, ML, and other cutting-edge technologies. The potential opportunities of combining AI and surveillance range from real-time detection of an attack or crime in progress to the prediction of future crimes.

Regional Analysis

The global perimeter security market is segmented by geography into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

The existence of technology centers in the United States and ongoing research and development in the field contributed to the fact that the North American region dominated the global market in 2021 and accounted for the greatest share of more than 35 percent of the global revenue in that year. In addition, it is anticipated that the rising application of the Internet of Things (IoT) in the region will contribute to the expansion of the regional market. Over the following six years, it is anticipated that the Asia Pacific market would establish itself as the one with the highest rate of growth.

It is projected that the Asia-Pacific area will have the most rapid expansion as a result of the expanding infrastructure in the region and the severe government measures addressing the security of the nations in the region. Other significant contributors to the expansion of the market include the military and defense industry, the transportation sector, the oil and gas industry, the chemical industry, and important infrastructures and nuclear facilities. The rising rates of crime in the Asia Pacific area, such as thefts of personal information and other forms of data, have increased the demand for perimeter security systems and, as a result, have contributed to the expansion of the market.

Segmental Analysis

The global perimeter security market is divided into different segments according to the System, End-use, Service, and Region (Geography).

By System, the global market is segmented into Access Control Systems, Alarms & Notification Systems, Intrusion Detection Systems, Video Surveillance Systems, Barrier Systems, Active Barriers, Passive Barriers, and Others. More than 47% of the industry's total revenue in 2021 was accounted for by the segment of software-based video surveillance systems. Due to the growing emphasis on continuous picture capture and total safety, video surveillance systems are predicted to become the market category with the quickest growth.

The majority of the segment's products are video cameras, CCTV cameras, video analytics, and smart video devices that can be connected to many devices. Video surveillance systems are becoming more widely used around the world due to how simple they are to setup and the variety of uses they provide. Solutions for video surveillance prevent income loss through theft of goods, vandalism, and destruction of important data, among other things. Alarm and wireless home security systems are part of the video surveillance systems that alert law enforcement when there is a problem.

By End-use, the global market is segmented into Government, Military & Defence, Transportation, Commercial, Industrial, and Others. In 2021, the military and defense sector held the largest market share, accounting for more than 28 percent of global revenue. A wide range of applications for perimeter security systems has emerged as a result of the expanding shopping and excursion habits, rising population, and the existence of sizable entertainment centers scattered throughout the country. The end-use category for transportation is anticipated to experience the strongest growth between 2022 and 2030.

This increase is linked to a broad range of product uses in freight cars, cargo vehicles, and railroads to safeguard the expensive cargo inside. As more government facilities and workplaces employ perimeter security measures, this market is anticipated to expand significantly over the next years. These systems are frequently employed to find any intrusions into restricted facilities. These technologies also guarantee the safety of commercial or private property.

By Service, the global market is segmented into System Integration & Consulting, Risk Assessment & Analysis, Managed Services, and Maintenance & Support. System integration and consulting services are popular among security system providers, and in 2021 they will account for the largest portion of global revenue—more than 50%. The controller has improved information and decision-making abilities thanks to the integration of numerous security systems.

System integration and consulting services assist firms in streamlining and optimizing functional workflow, gaining access to real-time data, and running their operations efficiently. The market is progressing because to the introduction of cutting-edge technologies such wireless technology, motion sensors, and IP-based security cameras for remote access. Over the projection period, it is expected that demand for risk assessment & analysis services will increase significantly. Large enterprises are using managed security services more frequently as it is simpler for them to outsource the complete security system, allowing them to uncover security gaps in the security of sensitive data and preventing attackers from entering their corporate grounds.

By Region or Geography, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Due to the existence of technology hubs in the U.S. and constant R&D in the area, North America led the global market in 2021. The Asia-Pacific area is expected to grow the fastest because of its developing infrastructure and strict safety standards. Military & defense, transportation, oil & gas, chemical, and other sectors, vital infrastructures, and nuclear facilities all drive market expansion.

Impact of covid-19

Covid-19 had some profound adverse impacts on the global advanced ceramics market.

COVID-19 spread across the world from China, making the whole world stand still and to a complete lockdown situation. Covid-19 is an infectious disease that was caused by a newly discovered coronavirus. During the time, the fatality rate among the population above 40 was also high globally. The disease causes severe illness for people suffering from medical conditions like diabetes, cardiovascular disease, chronic respiratory disease, etc.

Considering the situation during that time, it was declared a pandemic which led to numerous countries, including the major economies like China, the United States, India, and others, implementing lockdowns which adversely affected the global economy.

In the first two quarters of 2020, the economic and industrial operations temporarily halted. Almost every manufacturing unit where advanced ceramics is used, such as electrical and electronics, transportation, industrial, chemical, and other End-user Industries (except medical), reduced their manufacturing capacities due to the lack of workers. The lockdown implemented put a halt to global supply chains. This resulted in repercussions in terms of both production and demand for advanced ceramics.

Market Recovery Timeline and Challenges

With time the lockdowns were uplifted, and relaxation was made to the public. Gradually, the economy picked up the pace and started its operations, bringing the demand in the global advanced ceramics market and increasing among various industries. As the situation improved during the initial months of 2021, the economies also strengthened their fiscal policies and initiated their development process; the end-user industries began their activities, bringing the overall ceramics market back on track.

Recent Developments

March 2022 - Senstar, a market pioneer in perimeter intrusion detection systems (PIDS) and video management solutions, is happy to announce the opening of a software development branch in Timisoara, Romania. Senstar's software solution portfolio will be developed by a group of highly qualified developers and quality assurance experts.

March 2022 - OWL GroundAware GA1360 is a 2D digital multibeam forming radar system, and PureTech Systems had stated that the successful integration of this system with the PureActiv Rapid-Deploy Autonomous Perimeter Surveillance System had taken place (R-DAPSS).