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Perimeter Security Market Share

Report ID: GMI9911
Published Date: Jun 2024
Report Format: PDF

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Perimeter Security Market Share

Honeywell International Inc. and Johnson Controls International plc hold a share of over 10% in the market. Both companies offer a range of security solutions including access control systems, video surveillance, intrusion detection systems, and integrated security management platforms. Honeywell focuses on innovation and customer-centric approaches, while Johnson Controls provides customized solutions that enhance safety, efficiency, and operational resilience for customers in diverse industries. Both companies invest in R&D to deliver cutting-edge perimeter security solutions.

Hikvision, Dahua Technology, Bosch Security Systems, FLIR Systems, and Hanwha Techwin are major players in the video surveillance industry. Hikvision offers IP cameras, DVRs, NVRs, and video management software, while Dahua Technology focuses on advanced surveillance cameras and AI-powered analytics. Bosch Security Systems provides intrusion detection systems, access control solutions, and integrated security management platforms. FLIR Systems specializes in thermal imaging technology and offers unique nighttime surveillance and threat detection solutions. Hanwha Techwin is a key player in the competitive landscape.

Perimeter Security Market Companies

Major players operating in the perimeter security industry are:

Hikvision
Dahua Technology
Honeywell International Inc.
Bosch Security Systems
FLIR Systems
Hanwha Techwin
Johnson Controls International plc

Authors: Suraj Gujar, Rutvij Kshirsagar

Frequently Asked Questions (FAQ) :

The market size of perimeter security reached USD 79.8 billion in 2023 and is set to witness over 7% CAGR from 2024 to 2032, owing to the increasing incidences of security threats worldwide.

Perimeter security industry from the services segment held around 55% share in 2023, due to the complexity of perimeter security systems requiring specialized expertise for installation, integration, and maintenance.

North America market accounted for 35% share in 2023, attributed to the robust economy and infrastructure driving significant investments in security measures to protect critical assets and public safety in the region.

Hikvision, Dahua Technology, Honeywell International Inc., Bosch Security Systems, FLIR Systems, Hanwha Techwin, and Johnson Controls International plc, are some of the major perimeter security companies worldwide.