The perimeter intrusion detection system global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Perimeter Intrusion Detection System Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The perimeter intrusion detection system market size has grown rapidly in recent years. It will grow from $16.39 billion in 2023 to $19.36 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to increasing security concerns, urbanization and population growth, threat landscape evolution, cost reduction initiatives, industry standards and best practices.
The perimeter intrusion detection system market size has grown rapidly in recent years. It will grow from $16.39 billion in 2023 to $19.36 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%. The growth in the historic period can be attributed to increasing security concerns, urbanization and population growth, threat landscape evolution, cost reduction initiatives, industry standards and best practices.
The perimeter intrusion detection system market size is expected to see rapid growth in the next few years. It will grow to $38.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%. The growth in the forecast period can be attributed to increasing security concerns, regulatory compliance, urbanization and infrastructure development, and integration with smart city initiatives. Major trends in the forecast period include the emergence of smart sensors, focus on IoT integration, the shift towards cloud-based solutions, growing emphasis on cybersecurity, and rising demand for wireless systems.
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Scope Of Perimeter Intrusion Detection System MarketThe Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Perimeter Intrusion Detection System Market Overview
Market Drivers –
The increasing threat of terrorism is expected to propel the growth of the perimeter intrusion detection system market going forward. Terrorism is the systematic use of violence or intimidation to achieve political, religious, or ideological goals, often targeting civilians or non-combatants. The rise of terrorism is due to complex socio-political factors, including grievances, ideology, and geopolitical tensions. Perimeter intrusion detection systems are crucial in counterterrorism efforts, enhancing security by swiftly detecting unauthorized access attempts along boundaries and preventing potential threats before they escalate. For instance, according to the Global Terrorism Index by the Institute for Economics and Peace, an Australia-based think tank, terrorist attacks grew more lethal in 2022, resulting in an average of 1.7 fatalities per attack, compared to 1.3 deaths per attack in 2021. Therefore, the increase in the threat of terrorism is driving the growth of the perimeter intrusion detection system market.
Market Trends –
Major companies operating in the perimeter intrusion detection system market are developing advanced solutions, such as ZoneSentry, to enhance their competitive advantage in the industry. ZoneSentry is a cutting-edge perimeter intrusion detection system (PIDS) designed for smaller sites, leveraging advanced fiber optic sensing technology. This innovative system provides efficient and cost-effective protection for properties and assets with smaller perimeters, covering distances of up to 8 kilometers. For instance, in April 2022, Bandweaver Technologies, a UK-based electronics company, launched ZoneSentry. This system operates on a zonal basis, employing fiber-optic distributed acoustic sensing (DAS) technology. By installing a single fiber optic sensing cable along the external perimeter or on critical assets, ZoneSentry can swiftly detect and alert to any vibrations indicative of intrusion events, facilitating prompt intervention to prevent potential damage or theft.
The perimeter intrusion detection system market covered in this report is segmented –
1) By Component: Hardware, Software, Services
2) By Deployment: Barrier-Mounted, Ground-Based, Free-Standing, Rapidly Deployable
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
4) By Industry Vertical: Critical Infrastructure, Military And Defense, Government, Transportation, Industrial, Correctional Facilities, Commercial, Other Industry Verticals
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Regional Insights –
North America was the largest region in the perimeter intrusion detection system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the perimeter intrusion detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the perimeter intrusion detection system market are Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., Johnson Controls International plc, Hangzhou Hikvision Digital Technology Co. Ltd., Arthur J. Gallagher & Co. (AJG), SICK AG, FLIR Systems Inc., Axis Communications AB, Anixter International Inc., Optex Co. Ltd., RISCO Group S.A., Texecom Ltd., Southwest Microwave Inc., Bosch Sicherheitssysteme GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fibre Technologies Pty Ltd, Fiber SenSys Inc., Detekion Security Systems Inc., Advanced Perimeter Systems Ltd., PureTech Systems Inc., RBtec Perimeter Security Systems Ltd., CIAS Elettronica Srl
Table of Contents
1. Executive Summary2. Perimeter Intrusion Detection System Market Report Structure3. Perimeter Intrusion Detection System Market Trends And Strategies4. Perimeter Intrusion Detection System Market – Macro Economic Scenario5. Perimeter Intrusion Detection System Market Size And Growth…..27. Perimeter Intrusion Detection System Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
1. Executive Summary2. Perimeter Intrusion Detection System Market Report Structure3. Perimeter Intrusion Detection System Market Trends And Strategies4. Perimeter Intrusion Detection System Market – Macro Economic Scenario5. Perimeter Intrusion Detection System Market Size And Growth…..27. Perimeter Intrusion Detection System Market Competitor Landscape And Company Profiles28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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