The global perimeter intrusion detection market is valued at US$ 152.4 billion in 2022 and is expected to reach US$ 339.3 billion by 2028, rising at a 14.3% CAGR from 2022 to 2028.
The Perimeter Intrusion Detection Market is projected to close in on a valuation of US$ 152.4 Billion in 2022 and US$ 339.3 Billion by 2028, rising at an impressive CAGR of 14.3% from 2022 to 2028. Nowadays, for several industrial verticals, perimeter intrusion detection system is in the focal point when it comes to establishing a security plan. Industry verticals across the globe are adopting advanced security and surveillance systems to increase their internal and external security.
Moreover, governments across the globe are increasing the security at their borders for protection against terrorist attacks. These are some of the prominent factors that are boosting the global perimeter intrusion detection market.
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Application in Commercial Sector to Create Opportunities
In the global perimeter intrusion detection market report, Future Market Insights has segmented the global perimeter intrusion detection market by component, by type, by vertical, and by region. The component segment is further segmented into solution and services. Due to rapid adoption of next-generation and cloud-based solutions, the solution sub-segment is expected to create potential growth opportunities for the providers of perimeter intrusion detection solutions.
On the basis of type, the global perimeter intrusion detection market is sub-segmented into barrier-mounted, ground-based, free-standing, and rapidly deployable. Due to the rising integration of advanced sensors with barrier-mounted perimeter intrusion detection systems, the market is expected to witness an incremental opportunity of US$ 7,494.6 Million between 2022 and 2028. On the other hand, the ground-based perimeter intrusion detection system sub-segment is expected to exhibit a CAGR of 14.3% during the forecast period.
Based on vertical, the perimeter intrusion detection system market is sub-segmented into military & defence, government, industrial, critical infrastructure, commercial, residential, and others. Due to increasing demand from the commercial sector, the commercial sub-segment is expected to create potential growth opportunities for the providers of perimeter intrusion detection systems.
Furthermore, with the rising adoption of advanced security systems in the industrial sector, the industrial sub-segment is expected to grow with a high CAGR during the forecast period. Perimeter Intrusion Detection Sensors (PIDS) are security devices that are designed to detect and alert security personnel of any unauthorized access to a secured area.
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Emerging Regional Economies to Represent Lucrative Investment Pockets
On the basis of geography, North America is expected to dominate in the global perimeter intrusion detection market due to the advent of next-generation technological advancements in the U.S. and Canada. The Europe perimeter intrusion detection market will be a target market for market participants, as the regional governments are promoting and supporting advanced security systems.
The perimeter intrusion detection market has high potential in China owing to major technological advancements in the country. China is now the most connected country in the world. In the recent years, the perimeter intrusion detection market in China has witnessed a significant growth. Latin American market for perimeter intrusion detection is also estimated to grow with a high CAGR over the forecast period.
Furthermore, the vital need for security against terrorist activities and the rising government budget for the defence sectors are among factors that have revolutionised the security infrastructure of various developed and developing regions. To keep up with the growing demand from the Asia Pacific and MEA regions, several security infrastructure component providers have started investing heavily in these regions.
Competition Assessment: Perimeter Intrusion Detection Market
Some of the key players in the global perimeter intrusion detection market research report include Honeywell International Inc., Johnson Controls Inc., Anixter, Schneider Electric SE, Axis Communications, Flir Systems, Rbtec Perimeter Security Systems, and Singapore Technologies Engineering Ltd.
These perimeter intrusion detection providers are continuously focusing on offering advanced products and following the strategy of entering into partnerships and collaborations with other perimeter intrusion detection system providers to offer advanced perimeter intrusion detection systems and to reach new growth markets in the next few years.
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Key Segments of Perimeter Intrusion Detection Industry Analysis
Perimeter Intrusion Detection Market by Component:
Perimeter Intrusion Detection Solutions
Perimeter Intrusion Detection Services
Perimeter Intrusion Detection Market by Type:
Perimeter Intrusion Detection Market by Vertical:
Perimeter Intrusion Detection Market by Region:
Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Perimeter Intrusion Detection Market review , outlook , forecast , demand , size , share , key trends , analysis , Research , overview
Jun 22, 2023
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