[139 Pages Report] The perimeter intrusion detection systems market was valued at USD 9.52 Billion in and is projected to reach USD 21.75 Billion by , at a CAGR of 15.2% during the forecast period. The base year considered for the study is and the forecast period is from to .
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Objectives of the study:
The research methodology used to estimate and forecast the size of the perimeter intrusion detection systems market began with capturing data on key vendor revenues through secondary research. Secondary sources referred for this research study included annual reports, white papers, certified publications, databases, such as Factiva and Bloomberg, press releases, and investor presentations of perimeter intrusion detection systems vendors, as well as articles from recognized industry associations, statistics bureaus, and government publishing sources. Vendor offerings were also taken into consideration to determine the market segmentation. The bottom-up procedure was employed to arrive at the overall size of the market by estimating revenues of key market players. After arriving at the overall market size, the total market was split into several segments and subsegments, which were then verified through primary research by conducting extensive interviews with key individuals, such as Chief Executive Officers (CEOs), Vice Presidents (VPs), directors, and executives. Data triangulation and market breakdown procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.
The breakdown of profiles of primary participants is depicted in the figure below:
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The perimeter intrusion detection systems market ecosystem includes key players, such as Honeywell (US), FLIR Systems (US), Johnson Controls (US), Anixter (US), Axis Communications (Sweden), Schneider Electric (France), Senstar Corporation (Canada), RBtec Perimeter Security Systems (US), Southwest Microwave (US), Advanced Perimeter Systems (UK), Fiber SenSys (US), CIAS Elettronica (Italy), UTC Climate, Controls & Security (US), Future Fibre Technologies (Australia), SORHEA (France), DeTekion Security Systems (US), Jacksons Fencing (UK), and Harper Chalice Group (UK).
Perimeter Intrusion Detection Systems Market
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The research report categorizes the market into the following segments and subsegments:
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The perimeter intrusion detection systems market is projected to grow from USD 10.73 Billion in to USD 21.75 Billion by , at a CAGR of 15.2% during the forecast period. Increasing installations of video surveillance for security systems and rising demand for remote access through the cloud and wireless technology in security systems are key factors contributing to the growth of the market. Government regulations to improve perimeter security and curb infiltration as well as terrorist activities are providing lucrative growth opportunities to vendors of perimeter intrusion detection systems.
The perimeter intrusion detection systems market has been segmented on the basis of component, deployment type, organization size, vertical, and region. Based on component, the market has been segmented into solutions and services. The solutions segment has been further classified into sensors and video surveillance systems. The services segment has been further classified into professional services and managed services. Based on deployment type, the market has been segmented into open area, fence mounted, and buried. Based on organization size, the market has been segmented into large enterprises and Small & Medium-sized Enterprises (SMEs). Based on vertical, the market has been segmented into critical infrastructure, military & defense, government, transportation, industrial, correctional facilities, commercial, and others (educational facilities, townships, and residential apartments). Key regions covered in this report include North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.
Based on component, the solutions segment is expected to lead the perimeter intrusion detection systems market in . The growth of this segment can be attributed to the rise in demand for integration of visual alarm verification in video surveillance systems and video analytics.
Based on deployment type, the open area segment is expected to lead the market in . Increased terrorist activities and rise in demand for perimeter intrusion detection systems from the transportation sector facilitates the deployment of security solutions in open areas, such as airports and railways.
Based on vertical, the critical infrastructure segment is estimated to account for the largest share of the perimeter intrusion detection systems market in . The use of sensors and video surveillance systems in chemical plants, oil & gas refineries, tank farms, offshore rigs, and well pads; solar farms; mining sites; and conventional and nuclear power stations is expected to drive the growth of the market for critical infrastructure.
North America is estimated to be the largest market for perimeter intrusion detection systems in . The growth of this market in North America is primarily driven by the presence of key market players such as Honeywell (US), FLIR Systems (US), Johnson Controls (US), Anixter (US), RBtec Perimeter Security Systems (US), Southwest Microwave (US), and Fiber SenSys (US) in this region. The perimeter intrusion detection systems market in the Middle East & Africa is expected to grow at the highest CAGR during the forecast period.
A key restraining factor impacting the growth of the perimeter intrusion detection systems market is rising concerns regarding False Alarm Rates (FAR).
Key players operating in this market include Honeywell (US), FLIR Systems (US), Johnson Controls (US), Anixter (US), Axis Communications (Sweden), Schneider Electric (France), Senstar Corporation (Canada), RBtec Perimeter Security Systems (US), Southwest Microwave (US), Advanced Perimeter Systems (UK), Fiber SenSys (US), CIAS Elettronica (Italy), UTC Climate, Controls & Security (US), Future Fibre Technologies (Australia), SORHEA (France), DeTekion Security Systems (US), Jacksons Fencing (UK), and Harper Chalice Group (UK). These companies are focused on the adoption of various growth strategies, such as new product launches, product enhancements, agreements, partnerships, and collaborations, to strengthen their foothold in the market.
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