THE PERIMETER SECURITY MARKET EXPECTED TO REACH $100 BILLION BY 2027

According to a new Marketsandmarkets research report, the global perimeter security market is projected to grow from USD 70.8 billion in 2022 to USD 100.2 billion by 2027 at a compound annual growth rate (CAGR) of 7.2% during the forecast period. Factors attributed to driving the market growth include increasing security breaches and perimeter intrusions worldwide, and rising demand for perimeter security solutions. In terms of components, it is the systems segment that the analysts expect to grow with the highest CAGR during the forecast period, because of their versatility and wide use by businesses for various applications including video surveillance, perimeter intrusion, access control, alarm systems, and others, to enhance security operations. Honeywell, Dahua Technology, Bosch Security and Safety Systems, Hikvision, Axis Communications, Senstar, Pelco, Raytheon Technologies, Teledyne FLIR, Thales, Johnson Controls, Fiber Sensys, Ameristar Perimeter Security, Optex, Panasonic, Southwest Microwave, Avigilon, Cias, Gallagher, Ingersoll Rand, Infinova, Sorhea, Puretech Systems, Sightlogix, Scylla, Veesion, Pivotchain, Prisma Photonics, Openpath, Density, Barrier 1 Systems, Alcatraz, and Kisi are some of the key players in this market which are mentioned within the new research report. n