The Global Perimeter Intrusion Detection Systems Market size is expected to reach $25.1 billion by 2024, rising at a market growth of 16.1% CAGR during the forecast period.
Terrorist attacks and infiltration activities have been on the rise in the last few years. To ensure security among common populace and protect vital data, the world governments are investing into security systems. This move by the world governments would be a major factor that would drive the growth of the perimeter intrusion detection systems market. Additionally, stringent government regulations pertaining to perimeter security would also compliment the growth of the market. The adoption perimeter intrusion detection systems significantly reduce the cost associated with managing manpower, further contributing to the growth of the market.
Based on Component, the market is segmented into Solution and Services. The Solution type is further segmented into Video Surveillance Systems and Sensors. Video Surveillance Systems Market by Type includes Hardware and Software. The Hardware type is further segmented into Servers, Storage, Cameras, Monitors, and Other Hardware. Sensors Market by Type includes Radar Sensors, Infrared Sensors, Fiber-Optic Sensors, Microwave Sensors, and Other Sensors. The Services market is segmented into Professional and Managed Services. Based on End User, the market is segmented into Critical Infrastructure, Military & Defense, Government, Transportation & Industrial, Commercial, and Other. Based on Organization Size, the market is segmented into Large Enterprises and Small & Medium Enterprises. Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa.
The market research report covers the analysis of key stake holders of the Global Perimeter Intrusion Detection Systems Market. Key companies profiled in the report include Honeywell International, Inc., Johnson Controls International Plc., Anixter Inc., Schneider Electric SE, Axis Communications AB, Flir Systems, Inc., Magal Security Systems, Ltd. (Senstar Corporation), Advanced Perimeter Systems Ltd.,, CIAS Elettronica Srl and Jacksons Fencing.