The Asia Pacific Perimeter Security Market would witness market growth of 10.3% CAGR during the forecast period (2022-2028).
Security fencing and gates are part of the package. Advanced perimeter security technology, on the other hand, incorporates additional obstacles that provide further protection and security against entry. Browser isolation mechanisms and firewalls are also included in this security solution. Threat detection, surveillance detection, and pattern analysis are also included. In essence, perimeter security is concerned with developing a perimeter-based approach to safeguard systems and ward off threats as they enter a network.
The perimeter security market has grown significantly aided by technological improvements and a trend away from conventional security and surveillance solutions in favor of digital solutions. The adoption of cutting-edge technologies such as IP-based surveillance cameras for remote monitoring, motion sensors, and wireless technology is driving the industry forward. The increased usage of AI-based unmanned aerial vehicle developments, such as drones for aerial surveillance, is expected to boost the perimeter security industry's growth.
With growing concern for crimes and terrorism, investments in security and surveillance, which is one of the primary emphasis areas in the smart city development project, have expanded dramatically around the region. As a result, there is a growing demand for perimeter security solutions to improve the area's protection and surveillance, and the market is expanding as a result. For example, the Government of India's smart city mission, which aims to modernize existing tier 1 & tier 2 cities for improved resource utilization, has increased its attention on obtaining monitoring and security equipment to combat the growing risk of crime and terrorism.
Owing to massive technological developments in wireless technology, the convergence of physical and electronic rooms, rising adoption of perimeter security systems like video surveillance & access control systems throughout different sectors such as commercial, residential, and various others, and increasing technological advancements, the perimeter security market is witnessing an upsurge.
The China market dominated the Asia Pacific Perimeter Security Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $9,138.3 million by 2028. The Japan market is experiencing a CAGR of 9.7% during (2022 - 2028). Additionally, The India market would exhibit a CAGR of 11% during (2022 - 2028).
Based on Offering, the market is segmented into System (Video Surveillance Systems, Alarms & Notification System, Access Control System, Barrier System, and Intrusion Detection Systems & Others) and Services (System Integration & Consulting, Risk Assessment & Analysis, Managed Services, and Maintenance & Support). Based on End Use, the market is segmented into Military & Defense, Industrial, Commercial, Government & Defense, Transportation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Perimeter Security Market is Projected to reach USD 109.3 Billion by 2028, at a CAGR of 6.3%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Axis Communications AB (Canon, Inc.), Optex Co. Ltd. (Optex Group Co. Ltd.), Senstar Technologies Ltd., PureTech Systems, Inc., Advanced Perimeter Security Systems Limited, and Cias Elettronica Srl.
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