Perimeter Security Market to Grow at CAGR of 8.8% to 2018
(M2 PressWIRE Via Acquire Media NewsEdge) A perimeter is the boundary that divides the assets from the exterior world. The intention of deploying perimeter security solutions is to protect the infrastructure from the external threats such as vandalism, diversion, sabotage and other criminal acts. These systems assist to deter, detect, deny, delay and defend unauthorized access to the assets within the perimeter. Perimeter security is divided into physical security for buildings, infrastructure, and grounds; and logical security for computer networks. The physical security aspect has been covered in this report. Outdoor perimeter security is frequently-neglected, but it can considerably improve the efficiency of any infrastructure's security system.
Defense and Government, transportation facilities, critical infrastructure, commercial facilities, sensitive areas and others are the verticals which have been taken into consideration in the report. In 2013, critical infrastructure vertical accounts for the highest market share. This is followed by defense and government vertical. It is expected that in 2018, this same trend will continue.
Complete report is available @ http://www.rnrmarketresearch.com/perimeter-security-market-by-system-intrusion-detection-sensor-video-surveillance-communicationalarm-and-notification-access-control-system-by-deployment-fence-mounted-buried-open-area-market-report.html .
The commercial facilities and sensitive areas verticals are expected to have higher CAGR in the forecast period. Few high growth markets in the critical infrastructure vertical are -
Nuclear power stations
Utilities such as water, oil and gas, electric
Chemical and petro-chemical facilities
Industrial facilities and manufacturing plants
Marketsandmarkets expects that critical infrastructure vertical will account for the largest market share throughout the forecast period. However, there are few revenue pockets, namely commercial facilities and transportation facilities that will witness significant growth in this period.
Majority of the challenges in this market are specific to the application environment of the sensor technology. These are related to the high nuisance/ false alarm rates (FAR). It the solutions have higher FAR, the security personals tend to loose trust in the system.
There are various assumptions that we have taken into consideration for market sizing and forecasting exercise. Few of global assumptions include political, economic, social, technological and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging APAC regions.
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