The global perimeter security market size was valued at USD 64.60 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 9.4% from 2023 to 2030. The increasing threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, resulting in market growth. A rise in the development of smart cities and infrastructure is the key factor driving the market. Government support for implementing different security systems at critical locations is on the rise. Technological advancements in the field of automation have resulted in the rapid adoption of the latest techniques, such as video analytics and aerial drones to provide better results. With the growing safety concerns among the general population, the manufacturers have come up with a new multilayered perimeter protection solutions. Some of the technologies that are gaining popularity are electronic fencing with sensors and infrared and integrated fiber-optic intrusion detection systems. Perimeter security systems find applications particularly at national borders, military & defense sectors, government offices, commercial domains, banks, correctional sites, and other huge industrial plants in various segments.

In the recent years the world has witnessed a tremendous rise in illegal activities, breaches of security systems, planned crimes, and terrorism activities and this has led to increased awareness among citizens as well as industries and governments. As a result, various security systems are deployed at different locations in an attempt to strengthen security. However, the increasing cost of implementing these systems is estimated to hinder the growth of the market. Moreover, improving the reliability of the systems is another challenge for all manufacturers.

Gather more insights about the market drivers, restrains and growth of the Perimeter Security Market

System Insights

Based on 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. The video surveillance systems segment dominated the industry and accounted for the highest share of more than 46.2% of the global revenue in 2022. Video surveillance systems are estimated to emerge as the fastest-growing type segment in the market owing to the increasing focus on the continuous capturing of images and complete safety.

Service Insights

System integration and consulting services are gaining traction among security system providers and the segment accounted for revenue share of more than 50.6% in 2022. The integration of various security systems provides the controller with more accurate information and enhanced decision-making power. System integration and consulting services help businesses with a streamlined & optimal functional workflow, access to real-time data, and effective performance of business operations. The adoption of cutting-edge technologies, such as IP-based security cameras for remote access, motion sensors, and wireless technology, is driving the industry forward.

End-use Insights

The military and defense segment is leading the market with more than 25.7% of revenue share in 2022. The increasing population and growing shopping and outing trends, along with the presence of large entertainment hubs at various locations, have led to the emergence of a vast application for perimeter security systems. Additionally, the transportation segment is expected to grow at a faster pace owing to its immense applications in railways, freight cars and cargo vehicles to protect the valuable assets on board.

Regional Insights

North America dominated the market with the revenue share of more than 31.0% in 2022. This leading share is attributable to the presence of technology hubs in the U.S. and the continuous research and development in the field have resulted in. Furthermore, the increased use of the Internet of Things (IoT) in the region is expected to contribute to the regional growth of the perimeter security market.

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

• The global physical security market size was valued at USD 127.01 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. 
• The global X-ray security screening market size was valued at USD 3,208.2 million in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 8.9% from 2023 to 2030. 

Key Companies profiled:

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

Perimeter Security Market Segmentation

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

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

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

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

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

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

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

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

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

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Recent Developments

• In December 2021, Axis Communication AB released an open-source project for video authentication to ensure the integrity of surveillance videos. As its own version of open-source authentication software, the company has developed signed video that adds a cryptographic checksum to the video, which is then signed by the Axis device ID, proving that the video was created within a specific Axis camera.
  
  
• In November 2021, Bosch Building Technologies acquired Protec Fire and Security Group Ltd., a U.K.-based system integrator of security and fire alarm technology company.