The Latin America, Middle East and Africa Perimeter Security Market would 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 would 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 would 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 would 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.
Free Valuable Insights: The Global Perimeter Security Market is Predict to reach $109.3 Billion by 2028, at a CAGR of 6.3%
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
By End Use
By Country
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