(PRWEB) May 30, 2014
Today, perimeter protection is a critical security issue for many industries. Whether protecting critical infrastructure or commercial assets from theft, attack, or sabotage, a robust perimeter security solution is a necessary first layer of defense. The need for perimeter security is also rising due to terrorism, increased crimes, violent attacks, immigration security problems, and other local and regional issues. Perimeter security has now become a necessity for all verticals, including transportation, critical infrastructure (nuclear plants, chemical industries, defense), and all other crucial areas. The global perimeter security market has been growing at an annual CAGR of 8.0%, and is expected to hit $18,982 million by 2019. The major players in this market are Schneider Electric, Axis, and Anixter Inc., among others.
Browse through the market data tables, figures and detailed ToC on the “Perimeter Security Market” - http://www.micromarketmonitor.com/market-report/perimeter-security-reports-5847888720.html.
North America Perimeter Security Market
The North American Perimeter Security market has been steadily rising since the last decade. In North America, the market is expected to grow from $4,016.7 million in 2013, to $5,166.5 million by 2019, at an expected CAGR of 3.9% for the period 2014 to 2019. The North American region has seen serious terrorist and criminal activities since the past decade. This has been one of the major drivers for this market. Countries in North America spend huge amounts on defense and perimeter security deployments, which further fuel the perimeter security market growth. The North American Perimeter Security market has a share of 33.04% of the total global perimeter security market as of 2014. The top players in this market include companies such as Honeywell, Senstar, Southwest Microwave, FLIR Systems, Axis Communications, and others.
Asia Pacific Perimeter Security Market
Nations in Asia Pacific are land neighbors to each other, and hence, the need for border security is high. The Asia Pacific perimeter security market provides security and safety applications and services. The Asia Pacific Perimeter Security market is expected to grow from $2,642.0 million in 2013 to $5,172.7 million by 2019, at an expected CAGR of 11.3% for the period 2014 to 2019. Nations in the Asia Pacific perimeter security market have recently started investing in technologically advanced perimeter security solutions on a large scale, which suggests that the Asia Pacific perimeter security market is expected to boom in the coming years. This market contributed 22.62% of the global market in 2013, and is poised to grow to 27.25% by 2019. Key market players include Honeywell, Senstar, Southwest Microwave, FLIR Systems, Axis Communications, and others.
European Perimeter Security Market
The European Perimeter Security market contributed to 26.42% of the global market in 2013. Due to rampant terrorist and criminal attacks in Europe, the perimeter security solutions market has seen rapid growth in the past few years. Furthermore, European countries have been technologically superior to those in other regions. This technological superiority can also been seen reflected in the Europe perimeter security market. The Europe perimeter security market boasts of advanced perimeter security solutions and services, and is expected to grow from $3,086.1 million in 2013 to 3,912.3 million by 2019, at an expected CAGR of 3.6% for the period 2014 to 2019. Prominent players in this market include companies like United Technologies, Senstar, Honeywell, and others.
Middle East Perimeter Security Market
Perimeter security solutions not only help secure tangible and intangible assets, but also protect them from security threats and risks, which may hamper their operational functionality and thus cause massive losses to companies. The Middle East and African region has seen massive amounts of infrastructural development in recent times, which has led to a need for perimeter security solutions. The Middle East and African Perimeter Security market is expected to grow from $1,496.4 million in 2013 to $3,525.1 million by 2019, at an expected CAGR of 14.5% for the period 2014 to 2019. Moreover, due to the dominance of the oil and gas industry in this region, there is a continuous need for perimeter security solutions for oil and gas plants and refineries. This market contributed to 12.81% of the global market in 2013, and is poised to grow to 18.57% by 2019. Major players in the Middle East and African perimeter security market include companies like Honeywell, Senstar, FLIR Systems, Axis Communications, Tyco, Southwest Microwave, and United Technologies.
About MicroMarket Monitor
MicroMarket Monitor identifies and attends to various unmet needs of different industrial verticals, which include value chain impact analysis. The company publishes about 12000 Market Research Reports on various Micro Markets across the world. The graphical nature and multidimensional analysis of these reports provide advanced Business Intelligence Tools to the clients in that particular target market.
Mr. Chandrasekhar K.
5601 Bridge Street
Connect with us on LinkedIn @ http://www.linkedin.com/company/micromarketmonitor