Technological innovations and new product developments are the key strategies adopted by leading market players to drive their growth in the North American perimeter security market.
In 2013, the North American perimeter security market was dominated by Anixter and Honeywell International. They are the leaders in the North America perimeter security market and are expected to lead the market during the period of 2014 to 2019. Anixter is the top player in the North American market. It is engaged in Enterprise Cabling and Security (ECS) solutions; electrical and electronic Wire and Cable (W&C) products; and Original Equipment Manufacturer (OEM) supply-fasteners, among others. Through the ECS solutions, the company offers various security services and solutions. ECS has a broad product portfolio that includes copper and fiber optic cable and connectivity, access control, video surveillance, cabinets, power, cable management, voice and networking switches, and other ancillary products. The company is one of the leaders in the technology market for its innovations and acquisitions. A major share of the company revenues is generated from the ECS solutions segment.
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Honeywell, Inc. (U.S.) is also one of the major players in the North American perimeter security market. In recent years, the company has been focusing on acquisitions as its key business strategy in order to increase its share in the North American perimeter security market. The company operates in the U.S., Europe, and other major international markets. It operates through four business segments, namely performance materials and technologies, automation and control solutions, transportation systems, and aerospace. The company also offers various aerospace products and services; control technologies for buildings, homes, and industry; turbochargers; and performance materials.
In the North American perimeter security market, the leading players are adopting strategies of new product launches, product approvals, partnerships, agreements, collaborations, joint ventures, acquisitions, and expansions, in order to access new technologies, expand their product portfolios, enter the growing sub-segments, and increase their market shares in the North American market.
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