Global Perimeter Security Market to Reach $138.7 Billion by 2030
The global market for Perimeter Security estimated at US$85.9 Billion in the year 2023, is expected to reach US$138.7 Billion by 2030, growing at a CAGR of 7.1% over the period 2023-2030. Perimeter Security Systems, one of the segments analyzed in the report, is expected to record 5.8% CAGR and reach US$77.4 Billion by the end of the analysis period. Growth in the Perimeter Security Services segment is estimated at 8.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $22.7 Billion, While China is Forecast to Grow at 10.5% CAGR
The Perimeter Security market in the U.S. is estimated at US$22.7 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$32.8 Billion by the year 2030 trailing a CAGR of 10.5% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.5% and 6.3% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.2% CAGR.
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