3D Virtual Fence Market is Expected to Grow at a CAGR of 38.47% by 2023

The report elaborates the complete details covering product definition, product type, and application. The report covers useful details which are categorized based on 3D Virtual Fence production region, major players, and product type which will provide a simplified view of the 3D Virtual Fence industry. The 3D Virtual Fence market report presents the competitive scenario of the major market players based on the sales revenue, customer demands, company profile, the business tactics used in 3D Virtual Fence market which will help the emerging market segments in making vital business decisions.

The 3D virtual fence market is expected to register a CAGR of 38.47% over the forecast period (2018 - 2023).

3D Virtual Fence Market Segmentation:
This report on Global 3D Virtual Fence market is a detailed research study that helps provides answers and pertinent questions with respect to the emerging trends and growth opportunities in this industry. It helps identify each of the prominent barriers to growth, apart from identifying the trends within various application segments of the Global market for 3D Virtual Fence. Collecting historical and recent data from various authentic resources and depending on all the factors and trends, the report presents a figurative estimate of the future market condition, along with compound annual growth rate (CAGR).

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Global 3D Virtual Fence market competition by top manufacturers, with production, price, revenue (value) and market share for each manufacturer; the top players including CONTROP PRECISION TECHNOLOGIES LTD, G&A SURVEILLANCE, HUPER LABORATORIES CO. LTD, ANGRYMOLE TECHNOLOGIES LTD, SENSTAR CORPORATION, SCHNEIDER ELECTRIC, TYCO INTERNATIONAL, PLC, and ANIXTER INTERNATIONAL INC., amongst others.

Increasing Risk of Terrorism and Infiltration is driving the Market
In 2010, there were approximately 4800 terrorism-related incidents recorded, which increased to 13500 in 2016. As the number of terrorism and infiltration attempts has witnessed a surge since the last decade, the demand for 3D virtual fence is expected to increase.

In addition, a 3D virtual fence can work more than a tripwire application, it can build a polygon fence with height and bidirectional detection, and can be set up and applied for territorial safety. Moreover, it allows for the construction of a three-dimensional wall to detect moving objects in depth, reducing false alarms, and making detection more effective during an unauthorized access event or infiltration attempt. Also, the advent of mobile access for these applications is further driving the demand. With compatibility for mobile access, these systems allow users to receive event alerts in seconds and view the live camera video on mobile devices, which further helps in responding with speed to the situation.

Demand for Border Security Solutions to Augment the Growth
Growth in the global border security system market is accredited to the rise in instabilities in geopolitics, which includes territorial conflicts. The requirement for advanced border security solution technologies is driving the demand for 3D virtual fences during the forecast period. According to recent UN reports, 1.8 million refugees have crossed Western Europe's external borders from 2015 onwards. Moreover, in the wake of the migration crisis and the terror attacks in Paris and Brussels, a major overhaul of the Western European border security and immigration infrastructure, as well as border security technology development and funding is already underway, this is expected to trigger the growth of the 3D virtual fence market during the forecast period.

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This independent 107 pages report guarantees you will remain better informed than your competition. With over 80 tables and figures examining the 3D Virtual Fence market, the report gives you a visual, one-stop breakdown of the leading products, submarkets and market leader’s market revenue forecasts as well as analysis to 2023.

Key Developments in the Market
• October 2017 - Maia Technology and Agersens announced to work together to create a system to increase the productivity, profitability, and sustainability of livestock producers. The aim is to create a system combining the power of MaiaGrazing software for planning, gathering, and analyzing farm data to improve decision-making, with Agersens eShepherd smart livestock system, which offers virtual fencing, herding, and animal monitoring via a smartphone or tablet.

Reasons to Purchase this Report
• Analyzing the advancements in 3D virtual technology are changing market scenario
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• Identifying the type of service and end-user is expected to dominate the market
• Identifying the regions that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by the major market players
• 3-month analyst support, along with the Market Estimate sheet (in Excel)

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This release was published on openPR.