Lewes, Delaware, May 10, 2024 (GLOBE NEWSWIRE) -- The Global Perimeter Intrusion Detection Systems Market is projected to grow at a CAGR of 8.04% from 2024 to 2031, according to a new report published by Verified Market Research®. The report reveals that the market was valued at USD 10.73 Billion in 2024 and is expected to reach USD 38.42 Billion by the end of the forecast period.
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Browse in-depth TOC on “Global Perimeter Intrusion Detection Systems Market”
202 - Pages
126 – Tables
37 – Figures
Scope Of The Report
| REPORT ATTRIBUTES | DETAILS |
| STUDY PERIOD | 2021-2031 |
| BASE YEAR | 2024 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2021-2023 |
| UNIT | Value (USD Billion) |
| KEY COMPANIES PROFILED | Honeywell, FLIR Systems, Johnson Controls, Axis Communications, Senstar Corporation, RBtec Perimeter Security Systems, Southwest Microwave, Fiber SenSys |
| SEGMENTS COVERED | By Technology Type, By Deployment Type, By End-User Verticals, By Geography |
| CUSTOMIZATION SCOPE | Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope. |
Perimeter Intrusion Detection Systems Market Overview
Growing Security Concerns: The increasing risks to infrastructure and assets drive the need for strong Perimeter Intrusion Detection Systems (PIDS). Companies prioritize investments in security measures to protect against unauthorized access, enhancing market expansion and cultivating alliances with trustworthy providers of intrusion detection systems (PIDS).
Technological Advancements: AI-powered analytics and thermal imaging improve the effectiveness of PIDS by enabling real-time danger identification and reducing false alarms. This promotes trust among purchasers, stimulating the acceptance and motivating enterprises to invest in state-of-the-art solutions for all-encompassing security.
Regulatory Mandates:
The market growth is driven by strict regulations that require the implementation of perimeter security measures in vital industries such as energy, transportation, and government. Organizations are compelled to invest in modern PIDS (Perimeter Intrusion Detection Systems) solutions in order to meet compliance requirements and assure compliance with legislation. This creates profitable prospects for suppliers.
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High Initial Costs: The high initial capital expenditure needed to install PIDS solutions serves as a major obstacle for businesses, especially small and medium-sized enterprises (SMEs). Frugal purchasers may be reluctant to invest in costly installations, which might hinder market growth and need the implementation of adaptable pricing techniques to accommodate budget limitations.
Complexity of Integration: The integration of PIDS with pre-existing security infrastructure presents difficulties as a result of compatibility concerns and intricate setups. Deployment of new technologies sometimes leads to delays and operational interruptions for businesses, which in turn hampers market growth. Streamlining integration procedures and providing extensive support services helps reduce worries and facilitate the acceptance and implementation of new systems.
False Alarms and Nuisance Alerts: The frequency of inaccurate alarms and bothersome notifications in conventional PIDS solutions impairs trustworthiness and operational effectiveness. Businesses bear expenses related to the examination of false alarms and may experience a decline in confidence in the dependability of the system. Utilizing advanced algorithms and machine learning techniques helps to reduce false alarms, hence improving market competitiveness and increasing customer happiness.
Geographic Dominance:
The Perimeter Intrusion Detection Systems (PIDS) market exhibits geographical dominance, which is determined by regional variances in security requirements, legislative frameworks, and technological uptake. North America is at the forefront because of its strict regulations and significant investment in security measures. Europe, on the other hand, prioritizes the protection of essential infrastructure. The Asia-Pacific region is experiencing significant growth due to urbanization and rising security concerns, which presents profitable potential for expanding the market. Establishing market supremacy and profiting on various regional demands require strategic collaborations and localized solutions.
Perimeter Intrusion Detection Systems Market Key Players Shaping the Future
Major players, including Honeywell, FLIR Systems, Johnson Controls, Axis Communications, Senstar Corporation, RBtec Perimeter Security Systems, Southwest Microwave, Fiber SenSys. and more, play a pivotal role in shaping the future of the Perimeter Intrusion Detection Systems Market. Financial statements, product benchmarking, and SWOT analysis provide valuable insights into the industry's key players.
Perimeter Intrusion Detection Systems Market Segment Analysis
Based on the research, Verified Market Research® has segmented the global Perimeter Intrusion Detection Systems Market into Technology Type, Deployment Type, End-User Verticals, And Geography.
To get market data, market insights, and a comprehensive analysis of the Global Perimeter Intrusion Detection Systems Market, please Contact Verified Market Research®.
- Perimeter Intrusion Detection Systems Market, by Technology Type
- Microwave Sensors
- Infrared Sensors
- Fiber Optic Sensors
- Radar Sensors
- Acoustic Sensors
- Perimeter Intrusion Detection Systems Market, by Deployment Type
- Wired Systems
- Wireless Systems
- Hybrid Systems
- Perimeter Intrusion Detection Systems Market, by End-User Verticals
- Government and Defense
- Commercial and Industrial
- Transportation
- Critical Infrastructure
- Residential
- Perimeter Intrusion Detection Systems Market, by Geography
- North America
- U.S
- Canada
- Mexico
- Europe
- Germany
- France
- U.K
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- ROW
- Middle East & Africa
- Latin America
- North America
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