Perimeter Intrusion Prevention System Market : By Industry Trends, Leading Players, Size, Share, Growth, Opportunity And Forecast 2024-2033

Overview and Scope
A perimeter intrusion prevention system (PIPS) is a comprehensive security solution designed to detect, deter, and mitigate unauthorized access or breaches along the perimeter of a secured area. It is used to fortify the outer boundaries of a facility or property, enhancing overall security and minimizing the risk of unauthorized access or security breaches.

Sizing and Forecast
The perimeter intrusion prevention system market size has grown rapidly in recent years. It will grow from $13.37 billion in 2023 to $15.88 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to economic inequality, societal marginalization, insufficient law enforcement, lack of access to education and employment opportunities, and rising incidents of theft and vandalism.

The perimeter intrusion prevention system market size is expected to see rapid growth in the next few years. It will grow to $32.12 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to advancements in sensor technologies, increased adoption of cloud-based solutions, rising concerns over cybersecurity threats, expansion of critical infrastructure projects, and growing demand for integrated security solutions in smart cities. Major trends in the forecast period include adoption of AI and machine learning, growing integration with IoT devices, rising demand for cloud-based solutions, the emergence of 5G technology, and a shift towards proactive security measures.

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The perimeter intrusion prevention system market covered in this report is segmented –

1) By Types: Access Control Systems, Alarms And Notification Systems, Surveillance Systems, Other Types
2) By Product Type: Hardware Devices, Software Services
3) By Applications: Military And Defense, Government, Transportation, Other Applications

North America was the largest region in the perimeter intrusion prevention 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 prevention system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The surge in criminal activities is expected to propel the growth of the perimeter intrusion prevention system market going forward. Criminal activities refer to actions or behaviors that contravene established laws, regulations, or societal standards, covering a broad spectrum of illegal behaviors such as theft, fraud, and other offenses. The increase in criminal activities is due to economic inequality, lack of access to education and employment opportunities, social marginalization, and inadequate law enforcement. Perimeter intrusion prevention systems are deployed to deter and detect unauthorized access to secure areas, serving as a crucial defense against terrorist infiltration and attacks. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, UK police recorded robberies rose by 11%, reaching 77,337 incidents, compared to 69,432 incidents in 2022. Therefore, the surge in criminal activities is driving the growth of the perimeter intrusion prevention system market.

Key Industry Players
Major companies operating in the perimeter intrusion prevention 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., 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

The perimeter intrusion prevention system market report table of contents includes:

1. Executive Summary

2. Perimeter Intrusion Prevention System Market Characteristics

3. Perimeter Intrusion Prevention System Market Trends And Strategies

4. Perimeter Intrusion Prevention System Market – Macro Economic Scenario

5. Global Perimeter Intrusion Prevention System Market Size and Growth
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32. Global Perimeter Intrusion Prevention System Market Competitive Benchmarking

33. Global Perimeter Intrusion Prevention System Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Perimeter Intrusion Prevention System Market

35. Perimeter Intrusion Prevention System Market Future Outlook and Potential Analysis

36. Appendix

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