Although the market for perimeter security equipment slowed down in 2009 due to the global economic climate, the new report by IMS Research (provider of market research and consulting services worldwide) on this type of protection predicts strong growth in the next five years.This recovery of the security segment would be due to the arrival of new funds to the government and the new mandates. The value of the global market was estimated at US$371.2 million in 2009 and a compound annual growth rate of 9.0% is forecast for $570.4 million in 2014.
Blake Kozak, author of the report and market analyst, explains that governments' involvement in perimeter security is widespread, but still lacks the necessary resources and adequate oversight. It also highlights that this segment of security is unique, and the sites and environment are not the same. "As a result in many instances, each application uses a mix of perimeter technologies that best suits the environment within which they are placed."
