The Latin America, Middle East and Africa Perimeter Security Market is expected to witness market growth of 14.6% CAGR during the forecast period (2022-2028).
In order to prevent intrusions into the region that the boundary surrounds, perimeter security refers to any built or un-built fortifications or natural obstacles. Although electronic solutions have advanced significantly in terms of technology, fences remain the most popular method of ensuring perimeter security. For perimeter security, fences are still widely utilized for a variety of reasons, including their relatively good cost/effectiveness ratio, clarity, sturdiness, storage capacity, and ease of installation. The best method for securing perimeters is electronic technology. The idea of perimeter security has been fundamentally altered by the industry's ongoing evolution, which incorporates cutting-edge, highly technological tools, techniques, and systems.
Rapid urbanization and expanding infrastructure are the primary drivers of the market. Outdoor boundaries of different sites/areas such as critical infrastructures, public buildings, government, and defense facilities that are prone to threats comprising human life & intellectual and physical property are provided with perimeter protection. Owing to the growing number of threats, perimeter security is essential. These attacks can impair infrastructure operations and result in significant losses.
In recent years, the LAMEA countries have seen massive infrastructural development, necessitating necessity perimeter security solutions. These solutions protect the company's tangible & intangible assets from security threats and risks that is expected to otherwise disrupt its operations. Surveillance systems are in high demand in the region's major cities, including Dubai, Muscat, Abu Dhabi, Johannesburg, and others. Dubai alone has spent a huge amount on video surveillance and monitoring systems to protect infrastructure premises from attacks or invasion. In terms of product offerings, major strategies, and operational characteristics, the Middle East and Africa Perimeter Security include comparative benchmarking of prominent market competitors.
The Brazil market dominated the LAMEA Perimeter Security Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,804.6 million by 2028. The Argentina market is anticipated to grow at a CAGR of 15.3% during (2022-2028). Additionally, The UAE market is expected to showcase a CAGR of 14.3% during (2022-2028).
Based on Offering, the market is segmented into System (Video Surveillance Systems, Alarms & Notification System, Access Control System, Barrier System, and Intrusion Detection Systems & Others) and Services (System Integration & Consulting, Risk Assessment & Analysis, Managed Services, and Maintenance & Support). Based on End Use, the market is segmented into Military & Defense, Industrial, Commercial, Government & Defense, Transportation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Axis Communications AB (Canon, Inc.), Optex Co. Ltd. (Optex Group Co. Ltd.), Senstar Technologies Ltd., PureTech Systems, Inc., Advanced Perimeter Security Systems Limited, and Cias Elettronica Srl.
By Offering
In order to prevent intrusions into the region that the boundary surrounds, perimeter security refers to any built or un-built fortifications or natural obstacles. Although electronic solutions have advanced significantly in terms of technology, fences remain the most popular method of ensuring perimeter security. For perimeter security, fences are still widely utilized for a variety of reasons, including their relatively good cost/effectiveness ratio, clarity, sturdiness, storage capacity, and ease of installation. The best method for securing perimeters is electronic technology. The idea of perimeter security has been fundamentally altered by the industry's ongoing evolution, which incorporates cutting-edge, highly technological tools, techniques, and systems.
Rapid urbanization and expanding infrastructure are the primary drivers of the market. Outdoor boundaries of different sites/areas such as critical infrastructures, public buildings, government, and defense facilities that are prone to threats comprising human life & intellectual and physical property are provided with perimeter protection. Owing to the growing number of threats, perimeter security is essential. These attacks can impair infrastructure operations and result in significant losses.
In recent years, the LAMEA countries have seen massive infrastructural development, necessitating necessity perimeter security solutions. These solutions protect the company's tangible & intangible assets from security threats and risks that is expected to otherwise disrupt its operations. Surveillance systems are in high demand in the region's major cities, including Dubai, Muscat, Abu Dhabi, Johannesburg, and others. Dubai alone has spent a huge amount on video surveillance and monitoring systems to protect infrastructure premises from attacks or invasion. In terms of product offerings, major strategies, and operational characteristics, the Middle East and Africa Perimeter Security include comparative benchmarking of prominent market competitors.
The Brazil market dominated the LAMEA Perimeter Security Market by Country in 2021, and is expected to continue to be a dominant market till 2028; thereby, achieving a market value of $2,804.6 million by 2028. The Argentina market is anticipated to grow at a CAGR of 15.3% during (2022-2028). Additionally, The UAE market is expected to showcase a CAGR of 14.3% during (2022-2028).
Based on Offering, the market is segmented into System (Video Surveillance Systems, Alarms & Notification System, Access Control System, Barrier System, and Intrusion Detection Systems & Others) and Services (System Integration & Consulting, Risk Assessment & Analysis, Managed Services, and Maintenance & Support). Based on End Use, the market is segmented into Military & Defense, Industrial, Commercial, Government & Defense, Transportation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Schneider Electric SE, Johnson Controls International PLC, Honeywell International, Inc., Teledyne FLIR LLC (Teledyne Technologies Incorporated), Axis Communications AB (Canon, Inc.), Optex Co. Ltd. (Optex Group Co. Ltd.), Senstar Technologies Ltd., PureTech Systems, Inc., Advanced Perimeter Security Systems Limited, and Cias Elettronica Srl.
Scope of the Study
Market Segments Covered in the Report:
By Offering
- System
- Video Surveillance Systems
- Alarms & Notification System
- Access Control System
- Barrier System
- Intrusion Detection Systems & Others
- Services
- System Integration & Consulting
- Risk Assessment & Analysis
- Managed Services
- Maintenance & Support
- Military & Defense
- Industrial
- Commercial
- Government & Defense
- Transportation
- Others
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Schneider Electric SE
- Johnson Controls International PLC
- Honeywell International, Inc.
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Axis Communications AB (Canon, Inc.)
- Optex Co. Ltd. (Optex Group Co. Ltd.)
- Senstar Technologies Ltd.
- PureTech Systems, Inc.
- Advanced Perimeter Security Systems Limited
- Cias Elettronica Srl
Unique Offerings from the Publisher
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology
Chapter 2. Market Overview
Chapter 3. Competition Analysis - Global
Chapter 4. LAMEA Perimeter Security Market by Offering
Chapter 5. LAMEA Perimeter Security Market by End-use
Chapter 6. LAMEA Perimeter Security Market by Country
Chapter 7. Company Profiles
Companies Mentioned
- Schneider Electric SE
- Johnson Controls International PLC
- Honeywell International, Inc.
- Teledyne FLIR LLC (Teledyne Technologies Incorporated)
- Axis Communications AB (Canon, Inc.)
- Optex Co. Ltd. (Optex Group Co. Ltd.)
- Senstar Technologies Ltd.
- PureTech Systems, Inc.
- Advanced Perimeter Security Systems Limited
- Cias Elettronica Srl
Methodology
LOADING...
