APAC is Estimated to Command Share of 6.1% in 2014 of the Global Perimeter Security Market

Date: 2015-08-12

“The APAC perimeter security market is estimated to grow at a CAGR of 11.3% from 2014 to 2019. Although the countries of Australia and New Zealand (ANZ) hold the larger shares in the region’s perimeter security market, China and Japan are expected to grow considerably. The growth of the perimeter security market in this region is driven by the need for security against terrorist activities, the increasing government regulations, and requirement of reducing manpower cost. However, the economic slowdown has proved to be a hurdle in the growth of the perimeter security solutions market. Most industries and organizations are reluctant to install perimeter security technologies as a result of their unwillingness to incur additional costs for such high-end security solutions. 

The APAC perimeter security market is segmented and forecast on the basis of industry verticals such as defence and government, critical infrastructure, transportation, commercial facilities, sensitive areas, and others. The market is further segmented on the basis of systems and services such as intrusion detection system, video surveillance system, system integration & consulting services, managed services, and others. The APAC perimeter security market is also segmented on the basis of major countries in this region such as ANZ, China, and Japan. 

Geographically, APAC is estimated to command share of 6.1% in 2014 of the global perimeter security market. The ANZ holds the major share of 27.1% in the overall APAC perimeter security market, in 2014. The APAC perimeter security market is primarily driven by the technological advancements and extensive need of security against terrorists and offenders in this region.

As of 2014, the APAC perimeter security market was dominated by Axis, Schneider Electric, Xtralis, and Honeywell International. New product launches, partnerships, acquisitions and collaborations are the major strategies adopted by the most of the players to achieve growth in this market.

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