North America Perimeter Security Market Worth $5,166.5 Million by 2019

According to the new market research “North America Perimeter Security Market by Vertical (Critical Infrastructure, Defense & Government, Transportation, Commercial Facilities, Sensitive Areas) by Type (System & Service), by Country - Analysis & Forecasts to 2019”, North America perimeter security market is estimated to grow at a CAGR of 3.6% from 2014 to 2019.

Browse through the TOC of North America perimeter security market for an analysis of industry trends, segments & forecasts.

The U.S. segment holds a larger share in this market; however, the segment in Canada is expected to grow at a faster CAGR of 7.9% during the forecast period, 2014 to 2019. The growth of the perimeter security market in North America is driven by factors such as need for security against terrorist activities, government regulations, technological developments, and the requirement to reduce the cost of manpower. However, the economic slowdown in the region, in recent years, has proven to be a restraint to the growth of the perimeter security market in North America. Most industries and organizations are reluctant to install perimeter security as a result of their unwillingness to incur additional costs for the high-end security solutions.

Among the verticals of the market, the critical infrastructure vertical holds the largest share in the perimeter security market, as the protection of critical entities such as nuclear power plants is of immense importance to the national security of a country. However, commercial facilities and sensitive areas are expected to grow at relatively faster rates from 2014 to 2019, as these verticals are expected to deploy perimeter security systems on a large scale in the coming years.

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In North America, the trend involving the verification of intrusion alarms with the help of video technology is driving the market for video surveillance systems in the region. The spending on sensors is expected to remain the backbone of the perimeter security solutions in the coming years. However, the spending on video and intelligence analytics is expected to continue to be greater than the spending on sensors, across all verticals. System integration and consulting services are expected to have a larger market share in the perimeter security market during the given forecast period.

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The report analyzes the North America perimeter security market in terms of systems, services, verticals, and countries. The U.S., Canada, and Mexico are the countries that have been considered for the market analysis. The major systems in the market are intrusion detection sensors, video surveillance systems, access control systems, and communication/alarms and notification systems. The defense & government, transportation facilities, critical infrastructure, commercial facilities, and sensitive areas are the major verticals where perimeter security solutions are deployed on a large scale.

Key players in the North America perimeter security market include Honeywell International, Anixter Inc., Axis Communications, Senstar, and Xtralis.

Related Reports:
Asia Pacific Perimeter Security Market

The Asia Pacific perimeter security market is expected to grow from $3.0 billion in 2014 to $5.2 billion in 2019 at CAGR of 11.3% for the period 2014 to 2019. Many nations in the APAC region are developing economies which translates the region into a booming economy for new sectors. The Asia Pacific perimeter security market is not much explored as even today, in the age of technology, the security market relies on under-developed methods of security solutions.

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