Perimeter Intrusion Detection Systems Market Insights:
The perimeter intrusion detection systems market will touch USD 45.5024 billion at a 16.40% CAGR by 2032, as per the recent Market Research Future report. Owing to the rise in criminal activities and terrorism, governments across different countries are strengthening perimeter security at prisons, military bases, international borders, and other forms of sensitive sites. This in fact represent one of the chief factors propelling market growth because this helps in assisting to mitigate the perils of security breaches from drone attacks and hostile vehicles.
The burgeoning need for video surveillance systems in religious buildings, academic, housing, industrial, and infrastructure will offer lucrative opportunities for the PIDS market in the forecast period. The best part these systems are simple to install and can be utilized for different applications. Together with other devices and sensors, the video surveillance systems can indeed be utilized as alarms. These can be programmed for recording when the camera detects motion, amid other applications. They also work wonders in reducing theft and vandalism of private properties.
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Key Players:
- Honeywell International Inc. (US)
- Schneider Electric (France)
- Anixter International Inc (US)
- RBtec Perimeter Security Systems (US)
- Advanced Perimeter Systems Limited (UK)
- Axis Communications AB (Sweden)
- Senstar Corporation (Canada)
- FLIR Systems Inc. (US),
are the notable vendors in the Perimeter Intrusion Detection Systems Market.
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Perimeter Intrusion Detection Systems Market Regional Analysis:
North America will head the market over the forecast period. Several factors are propelling market growth in the region such as increasing concern regarding security, increasing adoption of video surveillance systems to secure people, facilities and assets, proliferation of mobile handsets, growing adoption of cloud-based security solutions amid enterprises, developments in IT sector, and growing adoption and prevalence of key market players.
Europe will have admirable growth in the market in the forecast period for the increasing security breaches from premier administrative institutions and increased need for an effective surveillance system. Germany holds the utmost market share followed by Europe.
Perimeter Intrusion Detection Systems Market Segmentation:
The perimeter intrusion detection systems market is bifurcated based on verticals, deployment type, and components.
By verticals, government and defence will lead the market over the forecast period.
By deployment type, open area will domineer the market over the forecast period.
By components, solution will spearhead the market over the forecast period.
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The high initial setup & maintenance cost, limited skilled expertise or trained professionals, reluctance to adopt, system accuracy challenges, lack of awareness, and potential privacy concerns may act as market restraints over the forecast period.
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