Perimeter Intrusion Detection Systems Market worth 3.37 Billion USD by 2020
the global Perimeter Intrusion Detection Systems market to grow from USD 2.36 Billion in 2015 to USD 3.37 Billion by 2020, at a CAGR of 7.4 % from 2015 to 2020.
Perimeter Intrusion Detection System Market
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Intrusion detection systems play a very crucial role in perimeter security. They enable the user to scrutinize the perimeter of the infrastructure for any kind of intrusive activity. These systems are usually deployed by either burying or mounting the device to an existing structure, such as a fence. With the frequency of terrorist attacks increasing across the globe, the perimeter intrusion detection systems market is expected to gain traction in the next five years.
Increase in terrorism and illegal perimeter penetration drive the Perimeter Intrusion Detection Systems market
The major factors driving the perimeter intrusion detection systems market are rise in terrorist attacks and illegal perimeter penetration across the globe. Due to increase in the number of perimeter intrusion, the demand for perimeter protection has also increased. The rise in the number of perimeter intrusions, which is making organizations become more aware about the threat, has become the most significant factor driving the perimeter intrusion detection systems market. Numerous verticals, such as government & military facilities, commercial & industrial sites, and critical infrastructures, are adopting these systems to ensure the absolute protection of their intellectual and physical assets. According to a data provided by the European Network and Information Security Agency (ENISA), crime rate has increased, which has resulted in the growing deployment of perimeter solutions in the region.
System Integration and Consulting Service play a key role in the Perimeter Intrusion Detection Systems market
The report defines and segments the global perimeter intrusion detection systems market on the basis of technology, service, deployment model, vertical, and region, along with providing an in-depth analysis and market size estimations. The system integration & consulting service segment is expected to contribute the largest market share, whereas maintenance & support service will play a key role in changing the perimeter intrusion detection systems’ landscape during the forecast period.
Critical Infrastrucure vertical contributes maximum market share
The critical infrastructure vertical is expected to contribute the largest market share in the perimeter intrusion detection systems market. Military & defence, government, and transportation will be the key growing verticals during the forecast period. The report also covers the total perimeter intrusion detection systems market by geographic regions. While North America is expected to have the largest market share from 2015 to 2020, the Latin American market will grow at the highest CAGR during the forecast period. Major vendors in the perimeter intrusion detection systems market include Anixter International, Axis Communications, Honeywell International, Flir Systems, Tyco, Xtralis, and Senstar among others.
The scope of the report covers detailed information regarding major factors influencing the growth of the perimeter intrusion detection systems market, such as drivers, restraints, challenges, and opportunities. A detailed analysis of the key industry players has been done to provide insights into their business overview, products & services, key strategies, new product launches, mergers & acquisitions, partnerships, agreements, collaborations, and recent developments associated with the perimeter intrusion detection systems market.