Perimeter security refers to a multipurpose system that detects threats, performs surveillance, and analyzes attack patterns. The system is deployed to prevent damage and unauthorized access to critical infrastructure from internal or external threats. It combines systems and technologies to protect assets from physical intrusion in various areas, such as government and military facilities, industrial and commercial sites, and other infrastructures. A perimeter security system comprises perimeter intrusion detection systems, video surveillance systems, alarms and notification systems, access control systems, barrier systems, and other integrated security systems. The increasing risk of terrorist attacks across the globe has led to increased use of perimeter security. Illegal arms and drug trafficking and illegal immigration have led to heightened border and seaport security, which has given rise to the demand for screening and scanning, video surveillance, biometrics, and authentication systems. Governments worldwide are also making policy and regulatory changes to enhance critical infrastructures’ cyber and physical security. The evolution of cybersecurity started in the early 1990s when disruption was mainly due to cyber threats, such as viruses and internet worms. During the 2000s, new threats, such as spyware, malware, botnets, and buffer overflow, evolved. Today, cyberattacks are approaching an unprecedented level of sophistication, and the industry is seeing a rapid increase in cyber espionage and cybercrimes targeting public identities. Advanced next-generation public safety and security solutions are helping protect public and private infrastructure. This will save trillions of dollars globally in the coming years.
RISE IN TERRORIST ACTIVITIES AND NEED TO SECURE CRITICAL INFRASTRUCTURE TO DRIVE MARKET
Over the years, the scope of perimeter security systems has widened due to technological advancements, such as access control, video surveillance, thermal camera, video analytics, and high-tech security services. The government, industrial, military and defense, and commercial end-use sectors are more prone to terrorist attacks, sabotages, and intrusions. Such incidents of security risks and breaches are on the rise worldwide. Hence, governments and business organizations are implementing robust perimeter security systems to safeguard their facilities. As a result, perimeter security system vendors are continuously developing and launching technologically advanced security solutions and system integration and consulting, training and education, risk and assessment, and maintenance and support services to cater to the demands of end users. Vendors also focus on effectively integrating their offerings with security strategies that end users have formulated to protect their employees and critical assets. Rise in perimeter intrusions, theft, burglary, cross-border terrorism, and illegal immigration; stringent government regulations; development of industry standards to curb terrorism, cross-border intrusions, and need to protect critical infrastructures; technology proliferation, the growing use of Ilot and innovative city projects; and adoption of latest techniques, including IP-based video surveillance cameras for remote monitoring, wireless technology, motion sensors, and aerial drones are some of the major factors driving the market. The increasing automation rate and the growing number of smart city projects are expected to offer growth opportunities for the players in the perimeter security market. Rising incidents of false alarms, high maintenance costs, and the growing sophistication of cyberattacks are some challenges faced by vendors in the perimeter security market. On the other hand, the lack of technical expertise, the need for security training and awareness, high initial installation, maintenance, and deployment costs for perimeter security systems, and the violation of privacy are restraining the growth of the perimeter security market.
. KEY PLAYERS IN PERIMETER SECURITY MARKET ECOSYSTEM
According to MarketsandMarkets the global perimeter security market is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a compound annual growth rate (CAGR) of 7.0% during the forecast period. The table above highlights the global perimeter security market size and year-over-year (Y-O-Y) growth rate from 2024 to 2029. The decline in growth rate across the market can be attributed to the impact of COVID-19 in 2020 and the recession impact considered to estimate the size of the market from 2022 to 2029. The perimeter security market continues to evolve and diversify across regions. Many companies are focusing on extracting more value from their data so that they can improve product quality and make improved business decisions. Industry experts believe that the convergence of various other technologies, including cameras, drones, radars, LIDARS, and facial recognition technology, is being witnessed in perimeter security, all of which are set to transform the capabilities of future technology solutions for perimeter security. Perimeter security includes human elements, such as passwords, user IDs, physical entry cards, video surveillance systems, guards, and alarm systems.
PERIMETER SECURITY MARKET: TRENDS/DISRUPTIONS IMPACTINGCUSTOMER BUSINESS
The trends and disruptions impacting customers demonstrate the possible hot bets of revenue developed by advancements in the existing technology that could be adopted by the end-user sectors. The above figure shows the shift of perimeter security solutions from traditional ones to Al- and ML-based perimeter security solutions and services. The deployment of Al and ML automates the perimeter security process which decreases the time involved in the identification of security or network breaches. Security teams will be able to not only forecast, prevent, detect, and respond with the assistance of Al and computer vision, but they will also have access to deeper analysis of what is happening, allowing for a more initiative-taking and appropriate response. The spectrum of technological possibilities for perimeter security is expanding every day, from drones to new types of sensors, from video surveillance to artificial intelligence (AI). These automated and advanced perimeter security solutions are then deployed by verticals, such as retail, BFSI, and IT and ITeS, for various functions, such as improving incident response, faster threat detection, eliminating alert fatigue, assuring secure software development, and streamlining business processes. North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
The perimeter security market is developing as perimeter security vendors add new capabilities to their service offerings. It is expected to witness significant growth due to the advancements in perimeter security solutions, such as fence sensors, buried sensors, above-ground sensors, video analytics, video management, access control, and perimeter intrusion detection systems. They also include physical security measures, such as fences, gates, illumination, and obstacle and security management systems. These solutions include smart and innovative technologies, such as Al, ML, and others.
The objective behind perimeter security is to safeguard data and resources by installing practical equipment or methods at the network’s perimeter. It serves a distinctive function in the active system protection process and is a component of a larger security field. Firewalls and browser isolation systems are examples of systems that are used for perimeter security. Threat identification, surveillance detection, and pattern analysis are all examples of best practices in perimeter security. Perimeter security is utilized in a variety of sectors. Airport security necessitates the protection of its properties, which extend for kilometers and are unattended. Similarly, perimeter security is essential in train stations and other congested areas to protect many people from terrorist attacks. Perimeter security is critical and must be prioritized, whether a residential or commercial property. The popularity of perimeter security solutions is fueled by important considerations, including enhanced security and their capability to secure large areas with extended boundaries and multiple intrusion points.
The path to efficient perimeter monitoring with high accuracy has been made possible by ongoing loT development. Currently, digital speakers, security cameras, and access control devices can receive, process, and send data owing to their connections to IT networks. Additionally, smart technologies give strong solutions to fulfill perimeter safety standards, enabling quick incident management and response. In the future, perimeter security has the potential to be a component of a networked technology system. This interconnected technology will be able to analyze and discover information that might indicate a major hazard. Aerial surveillance using balloons and drones is another breakthrough. Self-driving security patrol vehicles with CCTVs, sensors, and audio/visual capabilities may also be on the horizon soon.
