Wednesday 11 March 2015, Amsterdam
The new report recognizes the following companies as the key players in the Intrusion Detection Market in Southeast Asia: Check Point Software Technologies Inc., Fortinet Inc., Honeywell Security Group and Robert Bosch GmbH.
Other Prominent Vendors in the market are: Axis Communications, CVW Digital Security Solutions, Phuket Smarttech, Senstar, Tyco Security Products, Cisco, Corero Network Security, F5 Networks, Imperva and Juniper Networks.
Commenting on the report, an analyst from the report's team said: “One of the key trends emerging in the market is the adoption of Physical Intrusion Detection Systems among small and medium businesses. As SMBs continually grow in the market, these are increasingly wary of the potential threats that can be caused to the physical properties and, hence, are steadily increasing physical security investments.”
According to the report, a major factor driving the market growth is favorable macroeconomic conditions. Conditions such as a young population and low cost of raw materials available improve the possibility of increased sales in the region, through increased consumption of goods and services. Hence, organizations are ramping up strategies and building physical presence, which will help increase sales of PIDS, as these organizations realize that physical security is inevitable.
Further, the report states that increasing adoption of integrated solutions is one key challenge that the market faces. The innovative all-in-one packaged solutions generate greater cost efficiencies in terms of usability and deployment, thus giving major competition for products such as Network Intrusion Detection Systems.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.