Most important factors driving perimeter security market are increasing demand for security against terrorist activities and government regulations.
Albany, NY -- (SBWIRE) -- 02/21/2017 -- Perimeter security encompasses physical security of the facility as well as programmatic security policies which enforce protection against any malicious activity. Factors such as illegal immigration, constant risk of terrorism, anti-government protests and increasing criminal activities have led to the need for advance perimeter security solutions. Perimeter security solutions deploy technologies such as intrusion detection systems, access control systems, video surveillance systems, and alarms/communication and notification systems to meet the demands of security. In order to provide an integrated security solution, such security systems deploy various sensors such as radar, infrared, microwave, fiber-optic and seismic sensors along with its video surveillance and communication systems.
Thereby, perimeter security systems and solutions ensure physical and logical integrity of sensitive government and commercial sites. Such security solutions have become a necessity at government and defense sites, critical infrastructural sites such as oil and gas facilities, chemical industries and nuclear power and research plants. Other government verticals such as parliament, public transportation as well as commercial buildings including banks and information technology infrastructure facilities need to deploy robust perimeter security solutions.
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Some of the most important factors driving perimeter security market are increasing demand for security against terrorist activities and government regulations. The combination of these factors dictates immense growth in perimeter security systems and solutions market. Another factor working towards growth of this market is the need to reduce manpower costs. The accuracy and availability offered by technological perimeter solutions provide viable applications in various industries maintaining critical sites. However, economic slowdown has proved to be a hurdle in the growth of perimeter security solutions market. With revenues declining in most of the industries, organizations are unwilling to incur additional costs for such security solutions. Moreover, the false alarm rates in such security solutions cause nuisance and lead to unnecessary protective measures and panic.
Despite its restraints, the perimeter security and solutions market has identified several growth opportunities due to increasing use of video analytics and need for integrated systems. The perimeter security solutions market can be segmented based on its applications such as system integration consultancy, commercial and transportation facilities and video surveillance systems. Companies are incorporating technologically advanced solutions such as various kinds of sensors and thermal imaging into their perimeter security solutions. Such factors have led to rise of immense applications in hazardous industries, airport perimeter security, oil and petrochemical facilities, home and school perimeter security, ancient monuments and historical sites, utility facilities providing gas and water, power station perimeter, prison and other government buildings. Banking on such applications, several companies have invested heavily and are carrying out intense research and development activities to provide innovative perimeter security solutions.
Some of the key players in this market are Honeywell International Inc., Lockheed Martin Corporation, FLIR Systems Inc., Fiber SenSys Inc., United Technologies Corporation, Pelco by Schneider Electric and Anixter Inc. from U.S., Bosch Group from Germany, Axis Communications AB from Sweden, NICE Systems Ltd. from Israel, Xtralis Pty Ltd. from Ireland, AVS Electronics from Italy and Axxonsoft from Russia.