Published Date: 28-Jul-22
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According to a new report, published by KBV research, The Global Perimeter Security Market size is expected to reach $109.3 billion by 2028, rising at a market growth of 9.4% CAGR during the forecast period.
The Services segment is showcasing a CAGR of 11.6% during (2022 - 2028). The goal of perimeter security services is to provide clients with highly trained security guards who create secure zones for such customers. These customers are benefited from tailored security guard services and a trustworthy working relationship with the organization by reducing crime and security risks.
The Military & Defense segment acquired maximum revenue share in the Global Perimeter Security Market by End-use in 2021, thereby, achieving a market value of $37.5 billion by 2028. There is huge significance of perimeter security solutions in the military & defense services, because perimeter security provides efficient radar and range services, in order to spot any enemy entrance in their territory. Also, it keeps a check on multiple enemy bases at a single time.
The North America market dominated the Global Perimeter Security Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $37.06 billion by 2028. The Europe market is estimated to witness a CAGR of 8.7% during (2022 - 2028). Additionally, The Asia Pacific market would experience a CAGR of 10.3% during (2022 - 2028).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
By End Use
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