The current Global Perimeter Security Market has been at a value of 98.65 Billion dollars in the recent 5 years. It is further projected on reaching a scale of 281.36 Billion Dollars by the end of the next 5 to 6 years. This growth has been attributed to a CAGR of around 1.35 percent in the years from 2017 to 2025.
The physical perimeter security has been defined as systems and technologies which protect the people from a fraction of assets within a facility. This is achieved on grounds further by blocking the unauthorized intrusions across a fixed perimeter. This technology was earlier used in the prevention and detecting the intrusion happening in military facilities. Other areas include the critical infrastructure, and other high-risk sites, where major perimeter security solutions are
Earlier this technology was used to prevent and detect intrusions in military facilities, critical infrastructure, and other high-risk sites, perimeter security solutions are now being used in areas such as commercial and residential sites, retail spaces, transportation sites, and many other urban and remote locations.
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The Global Perimeter Security Market is segmented on the service, system, vertical, and region.
North America, Europe, Asia Pacific, Latin America, Middle East & Africa
The major players in the market are as follows:
4. Honeywell International Inc.
5. Southwest Microwave, Inc.
6. Senstar Corporation
7. United Technologies Corporation
8. Hangzhou Hikvision Digital Technology Co., Ltd
9. Johnson Controls International PLC
10. Axis Communications AB
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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