- The key vendors in the Perimeter Security Market in North America 2015-2019 are Axis Communications AB, Bosch Security Systems, Honeywell Security Group, NICE Systems Ltd. and Tyco International Ltd.
London, 26 February 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Perimeter Security Market in North America 2015-2019. Perimeter security systems are proving to be effective in measuring, identifying and determining various threats. One of the major trends exerting a positive influence on the market is the emergence of video analytics. Video analytics may also include video motion detection systems, which detect movements in areas vulnerable to terror attacks, and the video is seen in the video management system. The increasing use of fiber optic sensing is another major trend in the market. The overall market is expected to grow at a CAGR of 6.57 percent during the forecast period of 2014-2019.
The growth in revenue is because of the rise in awareness among various business sectors regarding the importance of perimeter security systems for their critical infrastructures. Also, with the growing number of criminal activities, the Government sector, in particular, has imposed strict regulations regarding security, necessitating the use of perimeter security solutions for critical infrastructures.
“Growing instances of criminal activities, thefts, and unauthorized access have caused loss of critical and confidential data to organizations, thereby fundamentally damaging their brand value. Also, an increasing threat of global terrorism is a major driver of this market,” says Faisal Ghaus, Vice President of TechNavio Research.
“Video analytics is further encouraging the market by bringing new capabilities in the detection of movements in areas vulnerable to terror attacks. Video analytics is highly accurate, minimizes nuisance alarms, and reduces the overall costs. Video analytics is being used in a number of sectors including Retail, Government, and Defense to prevent loss of data and intrusion of any kind.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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