Predictive Analytics Market Estimated to Lock an Ineffaceable Growth |Reports and Data

The global Perimeter Intrusion Detection Systems Market is forecast to reach USD 32.99 Billion by 2026, according to a new report by Reports and Data. Intrusion detection systems for premises are tailored to suit any size perimeter and gives an effective way to boost security measures. It can be used with an existing security fencing for total coverage. Many large-sized organizations, factories, warehouses, and storage sites can benefit from having a PIDS system in place.

The system initiates warning of any climbing or suspicious activity anywhere on the perimeter in which it is installed. For instance, the system can detect any unwanted intruders during any theft of precious goods, such as steel or copper. The system uses a cable that runs around the existing fencing and alarms when triggered by any movement. From chain link to welded mesh fencing, PIDS can work with everything to improve the perimeter's security. Thus, the system is cost-saving since it does not need the existing fence to be taken out.

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Top companies operating in the market and profiled in the report include:

Key participants include Jacksons Fencing, Flir Systems, UTC Climate, Southwest Microwave, Honeywell Interntional Inc, Controls & Security, Future Fibre Technologies, Schneider Electric, Johnson Controls, CIAS Elettronica Srl, Advanced Perimeter Systems, Rbtec Perimeter Security Systems, Fiber Sensys, Anixter, and Detekion Security Systems, among others.

The services component is forecasted to witness a higher growth rate of 15.0% during the forecast period. The segment includes professional and managed services. The demand for managed services is a significant factor driving the segment.

North America held the largest market share of ~29% in the year 2018. The region has successfully adapted perimeter intrusion detection systems technologies and is investing highly in newer technologies like cloud computing, artificial intelligence, the internet of things, and more. All these factors together will boost the market in the region, allowing it to lead the market throughout the forecast period. Moreover, the presence of several players in the market, such as Johnson Controls, Honeywell, RBtec Perimeter Security Systems, Anixter, and FLIR Systems, also boosts the market growth in the region.

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Deployment Outlook (Revenue, USD Billion; 2016-2026)
• Barrier-Mounted
• Ground-Based
• Free-Standing
• Rapidly Deployable
• Hybrid

Organization Size Outlook (Revenue, USD Billion; 2016-2026)
• Small and Medium Sized Organizations
• Large Organizations

Industry Vertical Outlook (Revenue, USD Billion; 2016-2026)
• Infrastructure
• Military & Defense
• Government
• Residential
• Industrial
• Commercial
• Others

Regional Analysis covers:
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa

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