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SECURITY SYSTEMS

FIRE SYSTEMS

SPECIALIST SECTORS

Increases in Perimeter Intrusions

According to a study by Markets and markets, the perimeter security market is expected to reach a whopping £13.18 billion by 2020. However, despite these reported figures, the compound annual growth rate (CAGR) will remain steady at 7.6%. The recent findings have also found that based on present spending and the adoption of perimeter security solutions, the largest market for such security systems is North America. Within this field, part of the intrusion detection systems includes categories such as fence mounted, buried, and open area deployment, with the major vendors including, but not limited to, United Technologies, Axis Communications, Southwest Microwave, Senstar and Anixter.

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But what are the underlying reasons behind such solid growth within the perimeter security sector?

First and foremost, the rise in the number of perimeter intrusion incidents is the main reason behind the recent surge. Put simply, due to this increase, businesses and organisations now have to outlay more and more money to mitigate losses in the eventuality of an intrusion.

Furthermore, end users now demand, and in the vast majority of cases, now expect, more maintenance and support services throughout the process. Significantly, they see a route to enhance revenue generation from their existing infrastructure and so it is down to manufacturers to satisfy their needs and give end users what they want.

With this in mind, the highest growth rate during the forecast period is set to be the maintenance and support services sector despite system integration and consulting having the largest market share in absolute terms.

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