The market research report “Perimeter Intrusion Detection Market – Global Industry Analysis 2013 – 2017 and Opportunity Assessment 2018 – 2028″ was just released by Future Market Insights. The report predicts that between 2018 and 2028, the worldwide market for perimeter intrusion detection would likely record a total incremental opportunity of US$ 25,679.2 million.
Perimeter intrusion detection systems are now the main focus when creating a security plan for a number of industrial sectors. Modern security and surveillance systems are being used by industry verticals all around the world to improve their internal and external security. In addition, governments everywhere are fortifying their borders in an effort to deter terrorist assaults.
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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 Mn between 2018 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.
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 Sensors
- Microwave Sensors
- Infrared Sensors
- Fiber-Optic Sensors
- Radar Sensors
- Other Sensors
- Perimeter Intrusion Detection Cameras
- Perimeter Intrusion Detection Optical Fiber
- Perimeter Intrusion Detection Software
- Others
Perimeter Intrusion Detection Services
- Professional Perimeter Intrusion Detection Services
- Managed Perimeter Intrusion Detection Services
Perimeter Intrusion Detection Market by Type:
- Barrier-Mounted Perimeter Intrusion Detection Systems
- Ground-Based Perimeter Intrusion Detection Systems
- Free-Standing Perimeter Intrusion Detection Systems
- Rapidly Deployable Perimeter Intrusion Detection Systems
Perimeter Intrusion Detection Market by Vertical:
- Military & Defense
- Government
- Industrial
- Critical Infrastructure
- Commercial
- Residential
- Others
Perimeter Intrusion Detection Market by Region:
- North America Perimeter Intrusion Detection Market
- Latin America Perimeter Intrusion Detection Market
- Europe Perimeter Intrusion Detection Market
- East Asia Perimeter Intrusion Detection Market
- South Asia & Pacific Perimeter Intrusion Detection Market
- Middle East & Africa (MEA) Perimeter Intrusion Detection Market
Author:
Sudip Saha is the managing director and co-founder at Future Market Insights, an award-winning market research and consulting firm. Sudip is committed to shaping the market research industry with credible solutions and constantly makes a buzz in the media with his thought leadership. His vast experience in market research and project management a consumer electronics will likely remain the leading end-use sector cross verticals in APAC, EMEA, and the Americas reflects his growth-oriented approach to clients.
He is a strong believer and proponent of innovation-based solutions, emphasizing customized solutions to meet one client’s requirements at a time. His foresightedness and visionary approach recently got him recognized as the ‘Global Icon in Business Consulting’ at the ET Inspiring Leaders Awards 2022.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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