Global integrated perimeter security system market is anticipated to grow at an impressive CAGR through 2024 on account of increasing demand for preventing potential intrusions. Integrated perimeter security system helps to reduce manpower cost on borders by preventing illegal intrusion activities. Also, increased risk of terrorist movements and implementation of strict government regulations by the government are positively influencing the growth of the market until 2024. However, high cost and issues with integration of technologies can hinder the growth of the market.
Global integrated perimeter security system market can be segmented based on system, service, end user and region. In terms of service, market can be segregated into system integration & consulting, risk assessment & management, managed security service, and maintenance & support. System integration & consulting segment is anticipated to witness significant growth until 2024 owing to increasing demand for the integration and consulting of various systems by the organizations.
In order to prevent infiltration, companies are developing advanced technologies. Companies operating in the integrated perimeter security system market include Hangzhou Hikvision Digital Technology Co. Ltd., Honeywell International Inc., Fiber Sensys Inc., Senstar Corporation, Bosch Security Systems, Cias Elettronica, RBtec Perimeter Security Systems, Axis Communications AB, Johnson Controls International PLC and United Technologies Corporation, among others. The companies operating in this growing market are using strategies such as partnership and product development to register sound returns. Like, in 2016, Honeywell acquired Xtaris Pty Ltd, a company dealing in intrusion threat detection to equip Honeywell with wide product portfolio.
Years considered for this report
Historical Years2014-2017
Base Year2018
Estimated Year2019
Forecast Period2020–2024
Objective of the Study
- To analyze and forecast the market size of global
integrated perimeter security system market.
- To forecast global integrated perimeter
security system market based on system, service, end user and regional
distribution.
- To identify drivers and challenges for global
integrated perimeter security system market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions etc., in global
integrated perimeter security system market.
- To conduct the pricing analysis for global
integrated perimeter security system market.
- To identify and analyze the profile of leading
players operating in the global integrated perimeter security system
market.
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MIR performed both primary as well as exhaustive secondary research for this study. Initially, MIR sourced a list of integrated perimeter security system manufacturers across the globe. Subsequently, MIR conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, MIR could include the suppliers which could not be identified due to the limitations of secondary research.
MIR calculated global integrated perimeter security system market size using a bottom-up approach, where data for various end user industries and its application across various product types was recorded and forecast for the future years. MIR sourced these values from industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by MIR.
Key Target Audience
- Integrated perimeter
security system manufacturers, suppliers, distributors and other
stakeholders
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to integrated perimeter security system market
- Market research and
consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as solution providers and partners, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
