HOME › Press Releases › Perimeter Intrusion Detection Systems Market worth 5.82 Billion USD by 2021
Perimeter Intrusion Detection Systems Market worth 5.82 Billion USD by 2021
The report "Perimeter Intrusion Detection Systems Market by Solution (Sensors (Microwave, Radar), Services (System Integration & Consulting)), Deployment Type (Open Area, Fence Mounded, Buried), Vertical (Commercial, Industrial), and Region - Global Forecast to 2021", is estimated to grow from USD 4.12 Billion in 2016 to USD 5.82 Billion by 2021, at a Compound Annual Growth Rate (CAGR) of 7.1%. The major forces driving this market include the increasing risk of terrorism and infiltration, increasing government regulations on perimeter security, and significant reduction in manpower cost offered by these systems. The perimeter intrusion detection systems solutions (sensors and services) are used across diverse industrial verticals, such as critical infrastructure; military & defense; government; transportation; industrial; correctional facilities; commercial; and other verticals, such as educational and residential facilities.
Browse 66 market data tables and 45 figures spread through 125 pages and in-depth TOC on "Perimeter Intrusion Detection Systems Market by Solution (Sensors (Microwave, Radar), Services (System Integration & Consulting)), Deployment Type (Open Area, Fence Mounded, Buried), Vertical (Commercial, Industrial), and Region - Global Forecast to 2021"
Early buyers will receive 10% customization on reports.
Sensors subsegment of solution is estimated to hold the largest market size in the perimeter intrusion detection systems solution market in 2016
The sensors segment is expected to play a key role in changing the perimeter intrusion detection systems solution market landscape during the forecast period and it also expected to have the largest market size during the forecast period. Perimeter intrusion detection systems are equipped with various types of sensors, such as microwave sensors, radar sensors, fiber-optic sensors, infrared sensors, and others (geophone seismic sensors, e-field sensors, vibration sensors, acoustic sensors (air turbulence), and laser sensors). These sensors are integrated into the perimeter intrusion detection architecture and form a strong line of defense to tackle a variety of sophisticated threats.
Open area segment is expected to be the fastest-growing deployment type segment during the forecast period
The open area deployment type is expected to be the fastest-growing deployment type segment as this deployment type usually cover a larger area, offers volumetric protection, and has huge demand from transportation and commercial facilities.
The North American region is expected to contribute to the maximum market share to the overall perimeter intrusion detection systems market
The highest defense budget & expenditure and the increasing need for security against terrorist attacks are among the main factors responsible for the largest market size in North America. Latin America offers potential growth opportunities for the perimeter intrusion detection systems market to grow, as the countries in this region are investing heavily to deploy perimeter intrusion detection systems.
The major vendors in the perimeter intrusion detection systems market include Honeywell International Inc. (U.S.), FLIR Systems, Inc. (U.S.), Tyco International PLC (U.S.), Anixter International Inc. (U.S.), Axis Communications AB (Sweden), Schneider Electric (France), Senstar Corporation (Canada), Southwest Microwave (U.S.), RBtec Perimeter Security Systems (U.S.), and Advanced Perimeter Systems Limited (U.K.).
MarketsandMarkets provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India