Perimeter security is the first line of defense around any infrastructure/ground premise, and is therefore essentially important. North America is the most developed region in terms of technology; the necessity for perimeter security in this region is growing due to the increasing threats of malicious activity by terrorists, illegal immigration, anti-government protests, and the increasing criminal activities. These threats have led to the requirement for efficient perimeter security solutions. The factors that are driving the North American perimeter security market are the need of security against terrorist activities, government regulations, and requirement of reducing manpower costs. However, the economic slowdown of 2008 has proved to be a major hindrance to the growth of the perimeter security solutions market in recent years. Although the market is in a phase of recovery currently, 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.
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In Mexico and Canada, the perimeter security solutions are expected to grow at the faster CAGRs than that of the U.S. segment, during the forecast period of 2014 to 2019. The need for perimeter security and its solutions and systems have been observed in all major industries, such as transportation; critical infrastructures such as nuclear plants, chemical industries, and oil & gas facilities; commercial buildings; and government, defense, and sensitive areas; among others.
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The organizations operational in this region are considered to be highly tech-savvy and innovative. The need to gain a competitive edge over other competitors had led the leading market players to exploit the advanced technologies to the maximum potential. Moreover, the critical infrastructure and video surveillance systems are the most promising segments in the North America perimeter security market, showcasing huge opportunities to the market players.
