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Perimeter Intrusion Detection and Prevention Global Market Reach $17.56 Billion By 2028, Key Factors behind Market's Exponential Growth
Perimeter Intrusion Detection and Prevention Market
As per the report, the perimeter intrusion detection and prevention market size has grown rapidly in recent years. It will grow from $10.81 billion in 2023 to $11.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The perimeter intrusion detection and prevention market size is expected to see rapid growth in the next few years. It will grow to $17.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
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Rising Criminal Activity Drives Growth Of The Perimeter Intrusion Detection Market
The surge in criminal activities is expected to propel the growth of the perimeter intrusion detection and prevention market going forward. Criminal activities refer to actions or behaviors that contravene established laws, regulations, or societal standards, covering a broad spectrum of illegal behaviors such as theft, fraud, and various other offenses. Increasing criminal activities are attributed to several factors, such as economic inequality, lack of access to education and employment opportunities, social marginalization, and inadequate law enforcement. Perimeter intrusion detection and prevention systems help in mitigating criminal activities by identifying unauthorized access attempts, thus bolstering security and facilitating swift intervention to deter theft, vandalism, or other unlawful behavior. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, police recorded robberies in the UK rose by 11%, reaching 77,337 incidents, compared to the period ending June 2022, which had 69,432 incidents. Therefore, the surge in criminal activities is driving the growth of the perimeter intrusion detection and prevention market.
Innovations In Perimeter Intrusion Detection Through Fiber Optic Sensing Technology
Major companies operating in the perimeter intrusion detection and prevention market are developing innovative solutions, such as fiber optic sensing technology, aiming to enhance their competitive advantage in the industry. Fiber optic sensing technology is an advanced method of sensing that makes use of fiber optic cables to observe and track different physical occurrences. For instance, in April 2022, Bandweaver Technologies, a UK-based electronics company, launched ZoneSentry, a new perimeter intrusion detection system that uses cutting-edge fiber optic sensing technology to secure both property and assets within narrower perimeters of up to 8km efficiently and cost-effectively. This system operates on a zonal basis, employing fiber-optic distributed acoustic sensing (DAS) technology. ZoneSentry detects and alerts to any vibrations indicating incursion events by deploying a single fiber optic sensing line along the external perimeter or on important assets, allowing for fast intervention to avoid any damage or theft.
The perimeter intrusion detection and prevention market covered in this report is segmented -
1) By Type: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Aerospace, Government, Transportation, Industrial, Commercial, Military And Defense
4) By End User: Small And Medium Enterprises (SMEs), Large Enterprises
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Major companies operating in the perimeter intrusion detection and prevention market are Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., Johnson Controls International plc, Hangzhou Hikvision Digital Technology Co. Ltd., SICK AG, FLIR Systems Inc., Axis Communications AB, Anixter International Inc., Optex Co. Ltd., RISCO Group S.A., Texecom Ltd., Southwest Microwave Inc., Bosch Sicherheitssysteme GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fibre Technologies Pty Ltd, Fiber SenSys Inc., Detekion Security Systems Inc., Advanced Perimeter Systems Ltd., PureTech Systems Inc., RBtec Perimeter Security Systems Ltd., CIAS Elettronica Srl
Contents of the report:
1. Executive Summary
2. Perimeter Intrusion Detection and Prevention Market Report Structure
3. Perimeter Intrusion Detection and Prevention Market Trends And Strategies
4. Perimeter Intrusion Detection and Prevention Market - Macro Economic Scenario
5. Perimeter Intrusion Detection and Prevention Market Size And Growth
…..
27. Perimeter Intrusion Detection and Prevention Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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