Growth at a CAGR of 38.47% in the 3D Virtual Fence Market over the forecast period (2018 - 2023)| Key Players - CONTROP PRECISION TECHNOLOGIES LTD, G&A SURVEILLANCE, HUPER LABORATORIES CO. LTD, ANGRYMOLE TECHNOLOGIES LTD, amongst others

Market Analysis:

Asia-Pacific to Show the Highest Growth Rate
The APAC region is expected to display the highest growth rate owing to increasing adoption of these fences in several countries, like India, where an increase in the infiltration attempts across its border areas has been witnessed. Moreover, the Indian government is planning to install a 24x7 seamless virtual fence with sensors along the India-Pakistan border to curb infiltration bid by the neighboring nation.

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3D virtual fences are virtual fences employed in place of regular fences. Unlike traditional fences or barricades, virtual fence detects real-time intrusions through 3D stereo cameras and laser technologies. The system then notifies the intrusions to the network to take necessary action. 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. Current trends in refurbishing borders suggest their transformation towards flexible, sophisticated, and mobile devices capable of tracking, filtration, and exclusion. Moreover, the increasing reliance of the military and the private corporate sectors on integrated and intelligent technological forms is driving the 3D virtual fence market. Increasing risk of terrorism and Infiltration is driving the market.

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Market Segments:
3D Virtual Fence Market is segmented by:
1. Service: System Integration & Consulting, Managed Services, Maintenance & Support
2. End User: Automation, Infrastructure, Border Security, Agriculture, BFSI, Others
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

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.

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