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Perimeter Security Market worth $114.2 billion by 2029- Exclusive Report by MarketsandMarkets™

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CHICAGO, May 1, 2024 /PRNewswire/ — The combination of cutting-edge technologies like artificial intelligence (AI) and the internet of things (IoT), with an emphasis on cloud-based solutions, improved user experiences, and cyber-physical security, will define the future of the Perimeter Security Market. Innovation will be fueled by resilience, industry-specific solutions, and regulatory compliance, guaranteeing flexible and comprehensive security measures in a dynamic threat environment.

The global Perimeter Security Market size is projected to grow from USD 81.4 billion in 2024 to USD 114.2 billion by 2029 at a CAGR of 7.0% during the forecast period, according to a new report by MarketsandMarkets™. The Perimeter Security Market is primarily driven by rising security concerns from terrorism, criminal activities, and illegal immigration. Technological advancements in surveillance and detection, such as intelligent video analytics and biometric systems, and the need to secure critical infrastructure in key sectors are significant contributors. Regulatory demands and the integration of AI and ML technologies also boost the market, enhancing system adaptability and effectiveness.
Browse in-depth TOC on “Perimeter Security Market”
601 – Tables 50 – Figures464 – Pages
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Scope of the Report
Report Metrics
Details 
Market size available for years
2018-2029
Base year considered
2023
Forecast period
2024–2029
Forecast units
Value (USD Million/Billion)
Segments Covered
Component, System, Service, End-Use Sector, and Region
Geographies covered
North America, Europe, Asia Pacific, Middle East and Africa, and Latin America
Companies covered
Major vendors in the global Perimeter Security Market include Honeywell (US), Dahua Technology (China), Bosch Security Systems (Germany), Hikvision (China), Axis Communications (Sweden), Senstar (Canada), Pelco (US), Raytheon Technologies (US), Teledyne FLIR (US), Thales (France), Johnson Controls (US), Fiber SenSys (US), Ameristar Perimeter Security (US), OPTEX (Japan), Panasonic (Japan), Southwest Microwave (US), Avigilon (Canada), Advanced Perimeter Systems (UK), Cias (Italy), Gallagher (US), Ingersoll Rand (US), Infinova (US), RBtec Perimeter Security Systems (US), SORHEA (France), PureTech Systems (US), SightLogix (US), Scylla (Israel), Veesion (France), Pivotchain (India), Prisma Photonics (Israel), Openpath (US), Density (US), Barrier1 Systems (US), Alcatraz (US), and Kisi (US).   
Further, the Perimeter Security Market sees opportunities in developing smart cities, urbanization, and the increasing integration of IoT devices, which enhance monitoring capabilities. Opportunities in public-private partnerships and innovations in wireless technology and data analytics further enhance system scalability and efficiency, fueling market expansion., which plays a crucial role in fueling the growth of the Perimeter Security Market.
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By system segment, the perimeter intrusion detection system (PIDS) will grow at the highest CAGR during the forecasted period.
Due to several key factors, the PIDS segment is anticipated to have the highest CAGR in the Perimeter Security Market during the forecasted period. Firstly, the increasing prevalence of sophisticated security threats and the need for advanced security measures make PIDS essential for early detection and response. PIDS technologies, which include sensors and surveillance equipment that detect unauthorized entry attempts, are becoming more advanced with the integration of AI and machine learning. These enhancements improve the accuracy and speed of threat detection, reducing false positives and enabling quicker response times. The growth of critical infrastructure projects worldwide, such as energy grids, transportation hubs, and data centers, necessitates robust security solutions that preemptively identify and mitigate potential breaches. These facilities often face higher security risks, so the demand for effective PIDS is robust. Moreover, technological advancements in PIDS, such as integrating IoT devices and wireless technology, are expanding their capabilities and applications, making them more versatile and practical in various environments, from urban centers to remote locations. These factors collectively contribute to the growing adoption and growth of PIDS.
The commercial sector segment holds the largest market size during the forecast period by end-use sector.
The commercial end-use sector is forecasted to have the largest market size in the Perimeter Security Market due to several factors. Firstly, commercial properties, including retail centers, office buildings, and warehouses, face diverse security threats that demand robust surveillance and access control systems. The growth of urban areas and the increasing value of commercial assets also necessitate advanced security measures to protect against theft, vandalism, and unauthorized access.
Moreover, the expansion of the retail industry and the rise of mixed-use developments that combine retail, residential, and office spaces increase the complexity of security needs, driving demand for comprehensive perimeter security solutions. Additionally, businesses are increasingly adopting IoT devices and integrating them into their security systems, further driving the growth of the Perimeter Security Market in the commercial sector. It is further complemented by stringent regulatory and compliance requirements, which mandate businesses to invest in adequate security systems to mitigate risks and avoid potential liabilities.
By region, the Asia Pacific market will grow at the highest CAGR during the forecast period.
The Asia Pacific region is projected to experience the highest CAGR in the Perimeter Security Market, driven by rapid urbanization, industrial growth, and infrastructure development across countries including China, India, and Japan. The Asia Pacific region is witnessing significant investments in innovative city projects and critical infrastructure, necessitating advanced security measures. The increasing economic development also leads to heightened security needs for protecting commercial, industrial, and residential areas. The region’s growing technological adoption, including integrating IoT and AI in security systems, further fuels the demand. Moreover, Asia Pacific’s focus on enhancing public safety standards in response to rising crime rates and terrorism threats also contributes to the robust growth of the Perimeter Security Market.
Top Key Companies in Perimeter Security Market:
Honeywell (US), Dahua Technology (China), Bosch Security Systems (Germany), Hikvision (China), Axis Communications (Sweden), Senstar (Canada), Pelco (US), Raytheon Technologies (US), Teledyne FLIR (US), Thales (France), Johnson Controls (US), Fiber SenSys (US), Ameristar Perimeter Security (US), OPTEX (Japan), Panasonic (Japan), Southwest Microwave (US), Avigilon (Canada), Advanced Perimeter Systems (UK), Cias (Italy), Gallagher (US), Ingersoll Rand (US), Infinova (US), RBtec Perimeter Security Systems (US), SORHEA (France), PureTech Systems (US), SightLogix (US), Scylla (Israel), Veesion (France), Pivotchain (India), Prisma Photonics (Israel), Openpath (US), Density (US), Barrier1 Systems (US), Alcatraz (US), and Kisi (US) are the key players and other players in the Perimeter Security Market.
Recent Developments
In April 2024, Hikvision launched the AX HOME series, a wireless alarm system that helps provide enhanced home security. Adhering to European Standards EN grade 2, it is energy-efficient, utilizes minimal cellular data, and is designed for ease of use. It features seamless integration with third-party devices, a user-friendly setup, and remote maintenance capabilities, ensuring robust protection and a hassle-free user experience.In December 2023, Honeywell planned to enhance its building automation capabilities by acquiring Carrier Global Corporation’s Global Access Solutions business. The strategic move aimed to align Honeywell with automation megatrends supported by digitalization. The transaction included hardware and software solutions, adding three respected brands to Honeywell’s portfolio, thus helping the company focus on life safety and digital access solutions.In February 2023, Axis Communications and Genetec Inc., through a collaboration, introduced AXIS Network Door Controllers powered by Genetec, an enterprise-grade access control solution integrating Axis network door controllers with Genetec’s Synergis access control software. Such a collaboration delivers a scalable, easy-to-deploy solution offering enhanced cybersecurity, reduced installation time, and hardware costs, making it ideal for businesses seeking advanced physical security tools.In October 2022, Dahua Technology introduced a DHI-ASC3202B controller that simplifies the administration of credentials and door access while offering a wide range of options for complex settings. This 2-door web controller is made to expand alongside companies to guarantee that their perimeters are safeguarded at scale. The controller has two operating modes—standalone and software.In May 2022, Bosch Security Systems partnered with Milestone Systems. Through the partnership, Bosch provides complete integration of Bosch IP video devices with Milestone XProtect IP Video Management software. Bosch also addressed the most sophisticated safety and security needs of various applications through a partnership with Milestone Systems. Additionally, it added the Flexidome and Dinion Inteox 7100i IR cameras to the range of Inteox open cameras as fixed cameras. Further, these AI-powered cameras make numerous interior and outdoor applications in municipal monitoring, airports, government, and traffic more effective.Inquire Before Buying@ https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=1311
Perimeter Security Market Advantages:
In addition to improving overall security and lowering the possibility of theft, vandalism, and other security risks, perimeter security systems assist in detecting and preventing unauthorised access, incursions, and security breaches.Within a predetermined perimeter, these systems secure priceless items, machinery, and property from theft, damage, and unauthorised access. This lowers the risk of losses and liability for companies and organisations.By erecting a secure perimeter around properties, thwarting possible threats, and facilitating quick reaction to security crises, perimeter security solutions improve safety and security for staff members, clients, and guests.By acting as deterrents to potential intruders, vandals, and criminals, visible perimeter security systems like fences, gates, barriers, and surveillance cameras lower the risk of security breaches and unauthorised access.In order to enable timely intervention and response, perimeter security systems offer round-the-clock monitoring and surveillance of the perimeter and its environs. This allows for the real-time detection of suspicious activity, invasions, or security breaches.Because perimeter security solutions are scalable and adaptable, they can be integrated with pre-existing security infrastructure and deployed in a flexible manner to match the unique security requirements and operational needs of various organizations.By integrating these systems with other security technologies like video surveillance, alarm systems, and access control, a full security ecosystem is created that improves operational effectiveness and overall security.Report Objectives
To define, describe, and forecast the Perimeter Security Market based on component, system, service, end-use sector, and region:To predict and estimate the market size of five central areas: North America, Europe, Asia Pacific, Middle East & Africa, and Latin AmericaTo analyze the subsegments of the market concerning individual growth trends, prospects, and contributions to the overall marketTo provide detailed information related to the primary factors (drivers, restraints, opportunities, and challenges) influencing the growth of the Perimeter Security MarketTo analyze opportunities in the market for stakeholders by identifying high-growth segments of the Perimeter Security MarketTo profile the key players of the Perimeter Security Market and comprehensively analyze their market size and core competencies.Track and analyze competitive developments, such as new product launches, mergers and acquisitions, partnerships, agreements, and collaborations in the global Perimeter Security Market.Browse Adjacent Market: Information Security Market Research Reports & Consulting
Browse Other Reports:
Self-Sovereign Identity Market- Global Forecast to 2029
Attack Surface Management Market- Global Forecast to 2029
Digital Identity Solutions Market- Global Forecast to 2028
DDoS Protection and Mitigation Security Market- Global Forecast to 2027
Threat Intelligence Market- Global Forecast to 2026
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Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses

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LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.

Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises? 
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany

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HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.

“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918 
This information was brought to you by Cision http://news.cision.com
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New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams

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Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.

The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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