The perimeter intrusion detection systems market size will touch USD 6 billion at a 6% CAGR between the forecast period 2017- 2023, according to the new Market Research Future (MRFR) analysis. Perimeter intrusion detection systems or PIDs, simply put, are systems that are used in external environments for detecting the presence of intruders attempting to breach a perimeter.
Various factors are propelling the global perimeter intrusion detection systems market share. According to the recent MRFR market estimates, such key factors include rising video surveillance installations for security systems, growing demand for remote access through wireless and cloud technology in security systems, government regulations to augment perimeter security and stop infiltration and terrorist activities, the growing concern for security, and demand for remote access.
On the contrary, difficulties in integrating the existing systems with the latest technology, a rise in false alarm rates, and the on-going COVID-19 pandemic are factors that may limit the global perimeter intrusion detection systems market growth over the forecast period.
The MRFR report highlights an inclusive segmental analysis of the global perimeter intrusion detection systems market based on vertical, deployment type and component.
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Leading players profiled in the global perimeter intrusion detection systems market report include Southwest Microwave (U.S.), Tyco International PLC (U.S.), FLIR Systems, Inc. (U.S.), Senstar Corporation (Canada), Axis Communications AB (Sweden), Advanced Perimeter Systems Limited (U.K.), RBtec Perimeter Security Systems (U.S.), Schneider Electric (France), Anixter International Inc. (U.S.), and Honeywell International Inc. (U.S.).
By region, the perimeter intrusion detection systems market covers the growth opportunity and recent trends across Europe, North America, the Asia Pacific (APAC), and the Rest of the World (RoW). Of these, North America will have the lion’s share in the market over the forecast period. Wide adoption in different sectors such as commercial, industrial, transportation, government and defense, aerospace, and others, growing need for security against terrorist activities, huge investment made by the government for the defense sector, technological advances, and high focus on product innovation is adding to the global perimeter intrusion detection systems market growth in the region.
In Europe, the perimeter intrusion detection systems market is predicted to have the second-largest share over the forecast period.
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