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Perimeter Intrusion Detection and Prevention Market Share, Statistics, Trends And Forecast 2024 To 2033
Perimeter Intrusion Detection and Prevention Market Share
According to The Business Research Company's, 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 growth in the historic period can be attributed to economic inequality, societal marginalization, insufficient law enforcement, lack of access to education and employment opportunities, and rise in incidents of theft and vandalism.
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%. The growth in the forecast period can be attributed to advancements in sensor technologies, increased adoption of cloud-based solutions, rising concerns over cybersecurity threats, expansion of critical infrastructure projects, and growing demand for integrated security solutions in smart cities. Major trends in the forecast period include the adoption of AI and machine learning, growing integration with IoT devices, rising demand for cloud-based solutions, the emergence of 5G technology, and a shift towards proactive security measures.
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Market Drivers and Trends:
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.
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.
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• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
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• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
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Major Key Players of the Market:
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 Security Systems 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
Perimeter Intrusion Detection and Prevention Market 2024 Key Insights:
• 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%.
• Rising Criminal Activity Drives Growth Of The Perimeter Intrusion Detection Market
• Innovations In Perimeter Intrusion Detection Through Fiber Optic Sensing Technology
• North America was the largest region in the perimeter intrusion detection and prevention market in 2023
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The Business Research Company (https://www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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