World Perimeter Security Market to Register 7% CAGR to 2022, States OMR in Its Comprehensive Research Report Available at MarketPublishers.com
13 Apr 2017 • by Natalie Aster
LONDON – Globally, the perimeter security market is anticipated to showcase healthy growth, registering a considerable CAGR of little over 7% during 2016-2022. Enhanced demand for security solutions against terrorist attacks, favorable government regulations, strong necessity to cut down costs of manpower, robust growth of investments into infrastructure development, increasing adoption of video analytics along with rising demand for integrated systems are anticipated to give a boost to the world’s perimeter security marketplace. The rising need for advanced perimeter security solutions is also propelled by illegal immigration, increasing criminal activities and constant risk of terrorism, anti-government protests, to name only a few factors. Still, economic recession, scaling back revenues, false alarm rates in perimeter security solutions are amid the main hinders of the market growth.
In order to modernize the country’s infrastructure to reach acceptable standards, the USA is predicted to invest around USD 3.6 trillion up till 2020. Currently, this country invests about 2.6% of the domestic GDP on infrastructure development, while China spends 8.5%. Approximately USD 78 trillion is set to be invested into infrastructure on a global scale.
As of 2016, the global perimeter security market was dominated by North America, which is expected to remain an absolute leader in the total market up till 2022. Meanwhile, APAC is poised to grow at the highest growth pace, with China and India being the key growth contributors in the region.
In-demand research report “Global Perimeter security market research and analysis 2015-2022” prepared by Orion Market Research (OMR) offers a reader a thorough market overview, focusing on the market dynamics, including the key drivers, challenges, opportunities, prospects, current and emerging trends. The report comprises an all-round market overview, covering the market segmentation and competitive landscape; includes a patent analysis, provides strategic recommendations, uncovers reliable industry performance estimates, and many more. Additionally, it provides relevant information on perimeter security demand drivers, the recent technology developments and top market players. Future market outlook through 2022 is also at hand in this comprehensive study.
Click here if you want to find other insightful research reports elaborated by the publisher.