Security Technology Market Perimeter security market set to reach $132.4 billion by 2030 Grand View Research has estimated the Global Perimeter Security Market size to $49.81 billion in 2021 and 54.82 billion in 2022. New research from Grand View Research predicts that this market is set to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period. San Francisco, Ca (USA) and support systems are anticipated to witness the fastest growth over the next eight years. Perimeter security systems are expected to find major applications in the transportation end-use segment. System integration create opportunities In summary, the key takeaways from the report suggest that the system integration and consulting services segment dominated the market in 2021 and is estimated to generate high revenue by 2030. “System integration and consulting services help businesses create opportunities to drive high performance and accelerate business innovation – thereby creating growth opportunities for the segment,” claims Grand View Research. Asia Pacific region grows fastest The video surveillance systems The increasing insecurities among civilians and the rising illegal activities, such as planned crimes, thefts, smuggling, and human trafficking, have led to a rise in the adoption of perimeter security systems. Technological proliferation has led to the growth of smart cities and smart infrastructure. New research from Grand View Research predicts that this market is set to reach USD 132.4 billion by 2030, registering a CAGR of 9.4% over the forecast period. Video surveillance leads the growth The video surveillance systems segment is expected to register the fastest CAGR over the forecast period due to the large-scale investments in smart infrastructure projects by various nations. The global need to improve safety and security across many industries is considerably contributing to the market growth. In comparison to the preceding decade, the surveillance market has changed due to significant advances in cloud hosting and video surveillance software. The alarms & notification systems are expected to grow at a slow pace in the market over the forecast period. The maintenance segment is anticipated to witness the fastest growth rate over the forecast period - increasing concerns regarding public security and safety, growing demand for spy cameras, and rising adoption of IP cameras are driving the video surveillance systems segment; the military and defence end-use segment accounted for the largest share of the global revenue in 2021. The Asia Pacific regional market is expected to witness the fastest CAGR during the forecast period due to the increasing infrastructure developments. Key players Some of the key players mentioned in the research report include, Axis Communications AB, Barrier1 Systems, Inc., Optex, Inc., Honeywell International Inc., Tyco International Ltd., Puretech Systems, Senstar Corp., Delta Scientific Corp. and Cias Elettronica Srl. Video encoder market predicted to hit $3.3 billion by 2027 The global video encoder market is estimated to reach USD 3.3 billion by 2027 from USD 2.3 billion in 2022 with a CAGR of 7.6% from 2022 to 2027. Northbrook, Il (USA) creating immense opportunities for the video encoder market. Rack-mount show highest growth potential The market for rack-mounted video encoders is expected to grow at the highest CAGR between 2022 and 2027. The adoption of standalone video encoders has increased in recent years, as they are cost-efficient and beneficial in situations that only need a few cameras to be connected. However, the rack-mounted video encoders segment accounts for a larger market share. This segment is also projected to register the highest CAGR during the forecast period. These video encoders are useful in instances where large installations with analogue cameras are required. Single-channel encoders are the most popular The market for 1-channel encoders is expected to hold the largest The major factors driving the growth of the video encoder market, according to report publishers, Marketsandmarkets, include ease of connecting analogue cameras to networks, the use of cloud services to store a large amount of data, and the adoption of high-efficiency video coding (HEVC) standards for video encoding. The analysts say that key players in the market are focusing on research and development (R&D) to enhance the functionalities of the video encoders offered. The growth of mobile-streaming videos and the optimisation of network bandwidth for cable operators are also share of video encoders market throughout the forecast period among security robot end users for UAV. Single-channel encoders are integral components of broadcast equipment, especially in the case of events with a large viewing audience. As the trend is shifting from standard-definition (SD) toward high-definition (HD), ultra-high-definition (UHD), and 4K, the significant demand for highly advanced video encoders is expected to sustain in the coming years. With the adoption of the HEVC standard, the cost of broadcast video encoders may increase further. This is expected to contribute to the large share of the segment, by value, during the forecast period. Most economical path Globalisation has increased the demand for high-quality security services but with limited investments. Thus, using video encoders for the existing analogue systems is proving economical and creating several growth opportunities for the video encoder market in RoW. However, in 2022, North America is estimated to be the largest market for video encoders. Major drivers for the video encoder market in this region are collaborations between the government and network arenas, institutional partnerships between video encoder manufacturers and research collaborations, and large-scale investments in cloudbased services. The large economy, strong high-tech and media sector, strong connectivity, and highly educated population are some of the other factors driving the video encoder market in North America. Major companies named by Marketsandmarkets as operating in the video encoder market include, Hikvision, Vitec, Harmonic, Motorola Solutions, and Cisco. 8 • de tek to r internat io nal