Global Perimeter intrusion detection Market to reach USD 30.4 billion by 2025 | CAGR: 15.5%
Global Perimeter intrusion detection Market is valued USD 8.3 billion in 2016 is anticipated to grow USD 30.4 billion with the compounded annual growth of 15.5% over the forecast period 2017-2025.
New York 13 June 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Perimeter intrusion detection industry is poised to raise USD 30.4 billion by 2025. Some key components for the market development will be; Increasing installations of video surveillance for security systems and rising demand for remote access through the cloud and wireless technology in security systems are key factors contributing to the growth of the market. Government regulations to improve perimeter security and curb infiltration as well as terrorist activities are providing lucrative growth opportunities to vendors of perimeter intrusion detection systems.
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Global Perimeter intrusion detection Market Size study, by Component (Solutions and Services), Solutions (Sensors, Organization Size, Deployment Type), and by Regional Forecasts 2017-2025
The industry is seems to be fairly competitive. Some of the leading market players include Honeywell, flir systems, Johnson controls, Anixter, axis communication AB, senstar, and so on. Other market players discussed in the report include fiber sensys, future fibre technologies, sorhea, harper chalice, D-fence. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Key restraining factor impacting the growth of the perimeter intrusion detection systems market is rising concerns regarding False Alarm Rates (FAR).
- Rise in demand for perimeter intrusion detection systems from the transportation sector facilitates the deployment of security solutions in open areas, such as airports and railways.
Bizwit Research & Consulting LLP has considered following segments for the study:
- Organization size
- Deployment type
- North America
- Asia Pacific
- Latin America
- Rest of the World