DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Global Perimeter Security Market Research and Analysis, 2015-2022" report to their offering.
The Perimeter Security market is expected to witness a significant growth rate of 7.3% over the forecasted period 2016-2022.
Rising demand for security against terrorist attacks coupled with favorable government regulations for security are the key forces driving the global perimeter security market. Along with it, the rising need to reduce manpower costs have also played a vital role in the increasing demand for perimeter security solutions. Availability and accuracy offered by these technologically upgraded solutions are widely deployed across industries for the maintenance of critical sites. Increasing investments for infrastructure development have widened the scope for the growth of the perimeter security market.
For the period of 2014-2025, around $78 trillion is projected to be spent on infrastructure development at a global level. As per the American Society of Civil Engineers, the U.S. is required to invest additionally around $3.6 trillion by the year 2020 in order to upgrade the country's infrastructure to acceptable standards. In the current scenario, the U.S. spends around 2.6% of the country's GDP on infrastructure, in comparison to 8.5% in the case of China and 3.8% for the global average. Factors such as anti-government protests, illegal immigration, increasing criminal activities and constant risk of terrorism have led towards the rising need for advanced perimeter security solutions.
Key players of the Perimeter Security market include Honeywell International Inc., Axis Communication AB, Fiber Senys Inc., Advanced Perimeter System Limited, United Technology Corporation, Lockheed Martin Corp. and Puretech Systems.
Perimeter Security Market by End User Industries:
- Critical infrastructure
- Correctional facilities
- Military & defense
Perimeter Security Market by Service:
- Managed services
- System integration & consulting
- Maintenance and support
- Risk assessment & analytics
Perimeter Security Market by System:
- Access control systems
- Video surveillance systems
- Intrusion detection systems
- Alarms & notification systems
- Bosch Group
- Dramex International Inc.
- Fiber Senys Inc.
- FLIR System Inc.
- Honeywell International Inc.
- Lockheed Martin Corp.
- Nice Systems Ltd.
- PureTech Systems
- RBtec Perimeter Security Systems
- Schneider Electric SE
- Southwest Microwave Inc.
- Tyco Systems
- United Technology Corporation
- Xtralis Pty. Ltd.
For more information about this report visit http://www.researchandmarkets.com/research/mbqv7h/global_perimeter.