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Senior Correspondent, IFSEC Global

September 1, 2015

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Rising Number of Perimeter Intrusions Fuelling Robust Growth in Perimeter Security Market

The perimeter security market is expected to reach £13.18bn by 2020, according to a study by Marketsandmarkets.

The compound annual growth rate (CAGR) of the market will remain at 7.6%.

The largest market based on present spending and adoption of perimeter security solutions is North America.

Rising numbers of perimeter intrusion incidents are the underlying reason behind such solid growth, prompting organisations to shell out more to mitigate losses in the eventuality of an intrusion.

End users have been noticed demanding more maintenance and support services during the study with a view to enhance revenue generation from existing infrastructure.

Although system integration and consulting has the largest market share in absolute terms, the highest growth rate during the forecast period is going to be witnessed by maintenance and support services sector.

The major vendors in the perimeter security market are Axis Communications, Anixter, United Technologies, Southwest Microwave, Senstar, and others.

Categories such as fence mounted, buried, and open area deployment are also part of the intrusion detection systems.

Global Market for Perimeter Security to Reach US$ 20,250 Mn by 2020

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