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Perimeter Security Market insights
Perimeter Security market size is estimated to be worth US$ 124860 million in 2022 and is forecast to a readjusted size of US$ 186330 million by 2028 with a CAGR of 6.9% - Valuates Reports
By: Valuates Reports
The market for residential, educational, and religious buildings vertical is expected to grow at the highest rate between 2018 and 2023. As the rate of theft and burglary is increasing globally, security is becoming a major concern for individuals and residential complexes, such as private residential buildings. Such concerns are increasing the demand for security solutions, such as biometrics based electronic locks and sensor-based intruder alarm systems. Thus, the increasing need for safety and security of people, and the personal belongings in the residential sector is driving the growth of this market.
In terms of production side, this report researches the Perimeter Security capacity, production, growth rate, market share by manufacturers and by region (region level and country level), from 2017 to 2022, and forecast to 2028.
Based on type, the video surveillance segment is expected to dominate in the perimeter security market share owing to the need for continuous capturing of images and video feeds for the complete safety of industrial and residential buildings.
Based on application, the residential, religious, and educational buildings segment will provide lucrative opportunities for growth in the perimeter security market share due to the growing need for smart security solutions such as biometrics and sensor-based intruder detection systems for safety of people and their belongings in residential places.
Based on region, North America will witness significant growth in the perimeter security market share due to the early adoption of security measures and demand from several end-user industries.
In terms of sales side, this report focuses on the sales of Perimeter Security by region (region level and country level), by company, by Type and by Application. from 2017 to 2022 and forecast to 2028.
Perimeter Security market is segmented by Type and by Application. Players, stakeholders, and other participants in the global Perimeter Security market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on production capacity, revenue and forecast by Type and by Application for the period 2017-2028.
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