Global Perimeter Security Market Size | Industry Report, 2019-2025

Analyst Commentary:

With the higher use of digital files and dependence in digital data by most organizations, data breaches have become common during the past decade. In August 2016, yahoo unveiled that its online platform was hacked in 2014, affecting 500 million user accounts. Another stats of Yahoo revealed that hack dating back to 2013 affected 1billion users. The company strictly advised its users to change their passwords coupled with important measures to secure their accounts. In 2011, Oriocity music service and Sony’s PlayStation Network were hacked by Lulzsec. Looking at number of data breaches in the U.S. alone, the stats were valued 157 million in 2005 which has outgrown to 781 million in 2015. The number of exposed records soared to 67 million to 169 million during the same time frame.

The most common type of data breach is identity theft. In 2015, out of all the global data breaches, half of them were related to identity theft. The private sector is highly affected of identity theft which touches a value of 260 million. After identity theft, the second most common type of data breach is financial access data theft.

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Government has taken strict actions against these security breaches. PAS 68, for instance, is a Publicly Available Specification for vehicle security barriers. The UK government has developed it in partnership with perimeter security manufacturers. Eventually, it has become the security industry’s and the UK’s standard benchmark for hostile vehicle mitigation (HVM) equipment.

Over the last decades, various key players have advanced the field of perimeter security. One innovation in the field of IFSEC Global is Blokade, a toblerone-shaped anti-vehicle device. Another important innovation is Optex WX Infinity series. There are two elements which are two wireless and two wired models of the WX Infinity series. These are available as anti-masking or standard version. They have built new models upon OPTEX’s extensive track record to offer outstanding sensing performance which is used for outdoor intruder detection applications. While, the wide (180°) detection area coverage has come up with a distinctive feature that is ideal for safeguarding bigger residential grounds. OPTEX Co., Ltd is the top-most sensor manufacturer. It has introduced a new series of outdoor PIRs in in South and North America and EMEA (Europe Middle East and Africa) that provide 12m/40ft radius and180° detection coverage to seek any intrusion around a commercial or residential space.

"Outdoor warning technology can help prevent crimes by detecting and reporting intruders before they attempt to break into a building," stated Hiraku Shibuya, Section Chief, Sales and Marketing Department, Security Division at OPTEX Global Headquarters. "Early intrusion detection is what OPTEX has been focusing on for the last 40 years by delivering an extensive line-up of outdoor intruder detection sensors that provide reliable outdoor security."

Paramount Studios is the longest operating and sole remaining studio in Hollywood. It required a preventative solution that would safeguard talent and tourist from car attacks so they contacted Perimeter Security Group which is one of the leading perimeter security systems provider of the country. The facility is 100 year old and features 30 stages across their 65-acre complex.

"Paramount Studios asked us to create an aesthetically pleasing solution that would stop unauthorized vehicle entry at five places but would still let production vehicles through when needed," senior physical security professional at Perimeter Security Group Troy Blood said. "With all the news of terrorists using vehicles as weapons against people, Paramount Studios recognized that they, too, could be a high profile target."

Report Description:

Of physical security and programmatic security stratagem offers protection against each and every remote malevolent activity is defined as perimeter security. The system is enforced in the streams which includes device management, physical access control and many others. These weave of systems and technologies is entirely dedicated to protect company assets inside the perimeter. The task in accomplished with blocking malicious physical invasion across the perimeter. Moreover, the system is capable of offering full-fledged protection of vital assets in industrial, private and other locations. In a nutshell, perimeter security facilitates sites to control risks associated with intellectual and physical properties.

The market for global perimeter security is on the brink of success due to rising urban infrastructure, higher perimeter intrusions, development of next-generation integrated systems, rising technological advancement and stringent government rules in perimeter security offers ample of opportunities for the market growth. Thus market is expected to grow up to $224.89 billion by 2023, which used to remain at $95.26 billion in 2016. However, lack of awareness about the benefits of perimeter security, lack of technical expertise and higher investment cost & maintenance may hinder the market growth. On the other hand, the factor that maximizes the profits from existing infrastructure is growing need for support and maintenance solutions by end-customers. In addition to that, increasing demand for system integration and consulting services is further creating notable opportunities for prominent market players.

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Currently, North America is anticipated to account the largest share of the global perimeter security market. It owes to factor such as rising need for security against illegal immigration, terrorist activities and criminal activities. Furthermore, technological developments such as video surveillance and stringent government regulation for security and safety impels the market growth of this region.

In the upcoming years, the Asia-Pacific perimeter security market is anticipated to grow exponentially. The factors that have consolidated the market includes continuous higher investment of small and big enterprises for physical security measures and developing economies such as China, India, Australia and japan are increasingly demanding for perimeter security solutions. Furthermore, the industry verticals which are served by perimeter security includes retail, military and defense, BFSI, hospitality, manufacturing and critical infrastructure and several other sectors.

Based on type of perimeter security system, the entities include alarms and notification, access control systems, radar, video surveillance systems and intrusion detection systems. Companies present across the globe have adopted the exemplary strategies to gain the competitive advantage. Moreover, the key players are shifting their focus to acquisition of local brands for expansion purposes. Besides that, leading players are stepping toward joint ventures to widen their product portfolio and enhance their market presence. Some of the key players of the perimeter security market includes Southwest Microwave, United Technologies Corporation, Anixter, Tyco Systems, United Technologies, Fiber SenSys, Senstar, RBtec Perimeter Security Systems, CIAS, Axis Communications, Honeywell and many others.

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