Demand for intelligent fencing is expected to be worth US$ 589.0 million globally in 2022 and is projected to increase at a CAGR of 6.4% to US$ 1,100.0 million globally from 2022 to 2032. The increase in security and safety concerns is blamed for growth.
To detect and stop perimeter intrusion, intelligent fencing is an electric fence security system attached to the property’s existing perimeter wall or fence. The first line of defence against unauthorised access is intelligent fencing, which creates a physical barrier that extends the time between intrusion and response to alarm or alert messages.
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Intelligent Fencing Market: Drivers and Restraints
Drivers
The rise in safety and security concerns and spending carried out for the commercial and government constructions are expected to spur the market growth in near future. Also, various advantages of intelligent fencing over alarm system and CCTV surveillance are fueling the growth of intelligent fencing market. Moreover, intelligent fencing market is witnessing the high growth due to the increase in government spending for enhancing public places, and government premises.
Restraints
The critical challenge in the Intelligent Fencing market is the vulnerability to cyber-attacks. Also, the device and system compatibility is also a major challenge which may hamper the growth of Intelligent Fencing market. Moreover, the high cost of intelligent fencing is also one of the major factors which may hinder the growth of the intelligent fencing market.
Intelligent fencing is an electric fence security system that is attached to existing perimeter wall or fence of the property to detect and prevent intrusion into the perimeter. Intelligent fencing is the first line of defense against unauthorized access, and it provides the physical barrier that delays the intrusion time, thus giving more time to respond to alarm/alert message.
Intelligent fencing is widely used to isolate and protect public and private places such as airports, military bases, and power stations against unauthorized accesses.
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Market Competition
Some of the key participants present in the global Intelligent Fencing market include SensorTec, Gallagher Group, Tru-test Group, Smart Fence integrated Security, Betafence NV, Long Fence, CertainTeed, ST Microelectronics, and NXP semiconductors, among others.
Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as SensorTec, Gallagher Group, Tru-test Group, and Smart Fence integrated Security account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.
Key Segments Profiled in the Intelligent Fencing Industry Survey
Intelligent Fencing Market By Product Type:
- Cloud-Based Intelligent Fencing
- On-Premise Intelligent Fencing
Intelligent Fencing Market By Application:
- Intelligent Fencing for Commercial Use
- Intelligent Fencing for Residential Use
Intelligent Fencing Market By Region:
- North America Intelligent Fencing Market
- Latin America Intelligent Fencing Market
- Europe Intelligent Fencing Market
- Asia Pacific Intelligent Fencing Market
- Middle East and Africa Intelligent Fencing Market
Table of Content
1. Executive Summary
1.1. Global Market Outlook
1.2. Demand-side Trends
1.3. Supply-side Trends
1.4. Technology Roadmap Analysis
1.5. Analysis and Recommendations
2. Market Overview
2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations
3. Market Background
3.1. Market Dynamics
3.1.1. Drivers
3.1.2. Restraints
3.1.3. Opportunity
3.1.4. Trends
3.2. Scenario Forecast
3.2.1. Demand in Optimistic Scenario
3.2.2. Demand in Likely Scenario
3.2.3. Demand in Conservative Scenario
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