IFSEC Insider is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.
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.
Free Download: The Video Surveillance Report 2023
Discover the latest developments in the rapidly-evolving video surveillance sector by downloading the 2023 Video Surveillance Report. Over 500 responses to our survey, which come from integrators to consultants and heads of security, inform our analysis of the latest trends including AI, the state of the video surveillance market, uptake of the cloud, and the wider economic and geopolitical events impacting the sector!
Download for FREE to discover top industry insight around the latest innovations in video surveillance systems.
Rising Number of Perimeter Intrusions Fuelling Robust Growth in Perimeter Security MarketThe perimeter security market is expected to reach £13.18bn by 2020, according to a study by Marketsandmarkets.
Bhavesh Kumar
IFSEC Insider | Security and Fire News and Resources
Related Topics
Paxton employees raise over £9k for Teenage Cancer Trust
Photo posts from the 2023 Security & Fire Excellence Awards
Winners revealed for 2023 Security & Fire Excellence Awards