Government standards propel 10.30% CAGR market growth (2023-2032) amid increasing terrorism threats and cross-border intrusions.

Rising threat of terrorism and cross-border intrusions has forced governments to impose stringent standards pertaining to the safety of nations, is expected to drive market expansion in the near future at a CAGR of 10.30% during the forecast period 2023 to 2032.

Market Research Future (MRFR) has published a cooked research report on the “Global Perimeter securityMarket”that contains information from 2018 to 2032.Theperimeter security market is estimated to register a CAGR of 10.30% during the forecast period of 2023 to 2032.

MRFR recognizes the following companies as the key players in the global perimeter security market—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; CiasElettronicaSrl.

Market Highlights

The global perimeter security market is accounted to register a CAGR of10.30% during the forecast period and is estimated to reach USD 157.6billion by 2032.

The market for outdoor perimeter security is growing quickly as a result of an increase in thefts worldwide. Greater criminal activity, illegal immigration, protests against the government, and greater risk of terrorism are all important issues that have an impact on the security industry. Additionally, rising system integration and consulting demand is giving market participants greater options. However, a higher degree of market expansion has been hampered by ignorance of the advantages of perimeter security.

Segment Analysis

The global perimeter security markethas been segmented based component, service, system, and end-use sector.

On the basis ofcomponent technology, the market is segmented into Solution and Services. The services segment was attributed to holding the largest market share in 2022 because of the need to determine the time and cost required to install the solution that requires fully managed advanced analytics services.

Based on service, the global perimeter security market has been segmented into Professional Services and Managed Services. The professional services segment was expected to hold the largest market share in 2022 because of its uses increasing by large organizations as they find it easier to outsource the entire security system.

Based on system, the global perimeter security market has been segmented into Perimeter Intrusion Detection, Video Surveillance Systems, Access Control Systems, Alarm and Notification Systems, Barrier Systems and Other Systems. The video surveillance systems segment was expected to hold the largest market share in 2022 due to its increasing focus on the continuous capturing of images and complete safety.

Based on end-use sector, the global perimeter security market has been segmented into Commercial, Industrial, Infrastrutural, Government, Military & Defense and Residential. The military & defense segment was expected to hold the largest market share in 2022 because of the increasing population, growing shopping, outing trends, and large entertainment hubs at various locations.

Regional Analysis

The global perimeter security market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe perimeter security market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The perimeter security market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World perimeter security market comprises of Middle East, Africa, and Latin America.

The perimeter security industry is expected to grow most rapidly in North America. This is due to factors including the growing demand for protection against criminal, terrorist, and illegal immigrant activity. Additionally, the region's business is being driven forward by technical advancements like video surveillance and strict government security and safety regulations.  Additionally, the region's growing adoption of the Internet of Things (IoT) is anticipated to support the perimeter security market's regional expansion.

Moreover, the Europe market has been persistently growing over the forecast period. The demand for perimeter security is driven by rising factor boosting the perimeter security market is the need to reduce the workforce. Automated operations also reduce the number of manual checkpoints. Shortly, demand will be enlarged in the end-use industries such as oil, petrochemical, electricity plants, and other hazardous industries.

Additionally, due to the increasing incidences of crime such as personal crime and data theft have led to the need for perimeter security systems in the Asia Pacific regionOver the next six years, Asia Pacific is anticipated to become the region with the quickest growth. Due to the region's expanding infrastructure and strict government policies aimed at ensuring national security, growth is predicted for the area. The military and defense sector, nuclear power plants, the chemical industry, and other sectors all play a significant role.

Furthermore, the rest of the world's perimeter security market is divided into the Middle East, Africa, and Latin America. This growth is attributed to the region's rising use of continuous higher investment of small and big enterprises for physical securityThevideo surveillance systems segment was expected to hold the largest market share in 2022. Government support, a rise in investor interest, and the viability of the technology in the sector are all contributing factors to the market expansion.

Key Findings of the Study

• The global perimeter security market is expected to reach USD 157.6 billion by 2032, at a CAGR of 10.30% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global marketDue to the region's expanding infrastructure and strict government policies aimed at ensuring national security.


• Based on system.the video surveillancesystemssegment was expected to hold the largest market share in 2022.


• 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; CiasElettronicaSrl.