Border security technology market to surpass US$70 bln globally by 2027 – Juniper Research

KUALA LUMPUR, Nov 7 (Bernama) -- A new study from Juniper Research found that the border security technology market’s value would exceed US$70 billion globally in 2027, rising from US$48 billion in 2022, representing a 47 per cent growth. (US$1 = RM4.74)

Juniper Research’s “Border Security Technologies: Emerging Trends, Key Opportunities & Market Forecasts 2022-2027” predicted that a key growth driver would be the adoption of Artificial Intelligence (AI)‑integrated technologies, such as advanced surveillance systems.

“However, this adoption is causing controversy, with campaigners raising concerns over privacy issues,” it said in a statement.

The study said border perimeter technologies, comprising camera systems and perimeter intrusion detection systems, would account for 36 per cent of market revenue globally by 2027, up from 26 per cent in 2022.

It found that countries increasingly sought automated perimeter technologies to secure borders from the growing illegal movement of people.

“AI-integrated surveillance towers will be critical to driving growth, with the total value of camera systems globally expected to reach US$22.8 billion by 2027, up from US$10.1 billion in 2022,” Juniper Research said.

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

-- BERNAMA