IMS Research predicts strong growth for perimeter security equipment.
A new report from IMS Research entitled 'The World Market for Electronic Perimeter Security Equipment', predicted strong growth over the next five years for perimeter security equipment. Although the global economic climate slowed growth for perimeter security in 2009, a quick recovery is expected. The global market was estimated to be worth US$371,2 million in 2009 and is forecast to grow at a CAGR of 9,0% to $570,4 million in 2014.
According to report author and market analyst Blake Kozak, “The perimeter industry is unique in that no individual site/environment is the same. As a result, in most instances each application is using a mixture of perimeter technologies that best suit the environment within which they are placed. In airports for example, the apron will likely be the target of individuals who gain unauthorised access through a perimeter fence; thus, this area requires additional protection from ground-based radar or from security cameras with video content analysis (VCA) software.”
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