Report ID: SQMIG45J2252
Report ID:
SQMIG45J2252 |
Region:
Global |
Published Date: December, 2024
Pages:
173
|
Tables:
97 |
Figures:
66
Global Perimeter Security Market size was valued at USD 64.60 Billion in 2022 and is poised to grow from USD 70.60 Billion in 2023 to USD 145.01 Billion by 2031, growing at a CAGR of 9.4% in the forecast period (2024-2031).
Government bodies globally are implementing strict regulations to improve the safety of a nation from escalating terrorist activities and threats, boosting perimeter security market growth. Furthermore, the increase in smart cities and infrastructure development is also boosting the growth of this market. Rising government support for deploying various security systems at strategic locations is also increasing. The technological improvements in automation have led to faster implementation of new techniques like video analytics and aerial drones, which is providing better results. Because of increasing population safety concerns known by the common crowd, the manufacturers worked out on developing the new multilayered perimeter protection solutions.
Several emerging technologies such as sensor-based electronic fencing and infrared, and integrated fiber-optic intrusion detection systems are becoming popular. These systems have high demand mainly in national borders, military & defense, government departments, commercial, banks, and correctional sites in many divisions. The last few decades have seen a rapid influx of crime, security breaches, systematic crime, and terrorist acts, which have made citizens, industries, and governments increasingly aware of the dangers all around them. Hence, several safety systems are placed on several locations to try strengthening safety.
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Report ID: SQMIG45J2252