ID: MRFR/SEM/3232-HCR | February 2021 | Region: Global | 100 pages
Perimeter Intrusion Detection Systems Market Overview:
The global perimeter intrusion detection systems market is expected to grow at a CAGR of 6% for the period between 2017 to 2023. Owning to the global concern over security more than ever before, the market for perimeter intrusion detection systems (PIDS) is gaining momentum for the last couple of years. High-tech security systems were conceived as a necessary arrangement for the elite premises before. But several threats in the market have provoked the need for PIDS in business enterprises, commercial buildings, healthcare institutions, IT and communication hubs, etc.
The PIDS technology includes ensemble arrangements like fiber-optic video surveillance devices, motion sensors, night vision cameras, etc. The whole package of this equipment is a full-proof security system that provides ultra-security to the concerned premises. This sophisticated system is based on end-to-end detection facilities. The PIDS market is growing at a brisk pace on reliance on video analytics purposes, motion detection facilities, radar surveillance, electromagnetic sensing, etc. In the coming years, the market is supposed to grow at a rapid speed.
Since the COVID-19 has fallen on the world, it has created complications in several ways. Apart from being a global health calamity, infectious disease has invited a lot more problems also. The rising number of deaths has forced the Government administrations of all the countries to enforce a complete shutdown or lockdown in the countries for several months. Depending on the penetration of the disease, the lockdowns in different countries vary from one another. The perimeter intrusion detection systems (PIDS) market has faced multi-layered impact due to the dame.
Lockdowns in several countries have disrupted the manufacturing process for months in the global scenario. Since major manufacturing works happen in the highly populated developing countries, it took a much longer time to get back to normalcy in terms of production in these countries. Also, the unavailability of a trained workforce for installation, management, and maintenance of the PIDS has impacted the market greatly. Although, the majority of the corporate offices are forced to conduct work-from-homes due to lockdowns. Handling of sensitive data from an unsecured location has provoked new scopes for the perimeter intrusion detection system – PIDS.
Perimeter Intrusion Detection Systems Market Dynamics:
One of the major market drivers for installing PIDS is the growing security breaches even from the premier administrative institutions. There are several reasons why a premier institution needs these kinds of security systems. The perimeter intrusion detection systems are serving the Government buildings, minister residencies, apartments of celebrities, residential places of industrialists, and other VVIPS for years now. But latest versions of these sophisticated systems are appropriate for all kinds of the worthy perimeter. To reduce the human workforce from the premises, many corporations and individuals have turned to PIDS technology.
There has been a steady increase of territorial conflicts between corporations, threats from fringe elements, in-campus infiltration activities, etc. Owning these threats, many institutions are seeking the help of these high-tech PIDS arrangements. The perimeter intrusion detection market is going to gain rapid growth based on these factors.
Smart security systems can be operated more efficiently without any human staff from remote locations. Face detection, voice recognition, etc features are going to make the PIDS more user-friendly. Automation facilities, custom alert settings, sonar and radar sensors, GPS, and many more facilities make the system more stringent and unbreakable than before. Technological advancement is a massive growth factor for the perimeter intrusion detection systems industry. Remote access to the facilities gives more flexibility to the end-users. That is why there is better hope in the future for PIDS.
Also, there is a prominent lack of trained professionals in the market. The PIDS technology heavily relies on the maintenance and servicing units. Without proper maintenance, it is hard for the market to create interest in the product. Users are looking for better maintenance facilities and they want to curb the operational costs. So, the unavailability of trained personnel leads to the lowering of perimeter intrusion detection systems demands. The lack of knowledge, awareness and technological information is also a leading cause behind the lack of interest in PIDS.
The present market is suffering from annoying numbers of false alarms. This disturbing issue needs to be taken care of by the developers to retain the customers. Also, the invention of newer technologies will doom the present PIDS if not up-graded on time. The perimeter intrusion detection market is obligated to get rid of these challenges to witness significant growth in the coming future.
It is also noteworthy that the investments in Governmental security assets have risen dramatically in different countries over the last few years. The threat to governmental assets has been rising due to antisocial and terrorist activities. So, for better surveillance and ease in the investigations, the use of PIDS has increased a lot.
Perimeter Intrusion Detection Systems Market Segment Overview:
The global market for PIDS products can be fragmented into different segments. Based on the components, industry verticals, type of deployment, regions, etc, there can be multiple subsegments as well.
Perimeter Intrusion Detection Systems Market Segments Based on Components:
Perimeter Intrusion Detection Systems Market Segments Based on Deployment Types:
Perimeter Intrusion Detection Systems Market Segments Based on Verticals:
Perimeter Intrusion Detection Systems Market Segments Based on Regions:
Perimeter Intrusion Detection Systems Market Regional Analysis:
Due to the technological advancements, and high-income resources, the North American region is the largest market for PIDS. The global market contributors are the US, Canada, Mexico, UK, Germany, France, Italy, Japan, China, India, etc. The Asia Pacific (APAC) countries are fast emerging participants in the global competitive scenario. The countries like China, India, Japan, etc are going to be the fastest-growing region in the coming years.
Perimeter Intrusion Detection Systems Market Competitive Landscape:
The major key players in the global market are:
Perimeter Intrusion Detection Systems Market Recent Developments:
Perimeter Intrusion Detection Systems Market Report Overview:
This report contains detailed discussions on the perimeter intrusion detection systems market growth, size, trends, opportunities, etc.
Perimeter Intrusion Detection Systems Market Report Period:
Perimeter Intrusion Detection Systems Market Report Demography:
Frequently Asked Questions (FAQ) :
The global perimeter intrusion detection systems market size can reach USD 6 billion by 2023.
The global perimeter intrusion detection systems market can display a CAGR of 6% from 2017 to 2023.
Huge demand for system security technologies and adoption of fiber optics technology can drive the global perimeter intrusion detection systems market.
North America can lead in market revenue in the global perimeter intrusion detection systems market.
Axis Communications AB, Southwest Microwave, Honeywell International Inc., Advanced Perimeter Systems Limited, Anixter International Inc., FLIR Systems, Inc., Tyco International PLC, Schneider Electric, Senstar Corporation, and RBtec Perimeter Security Systems are key players of the global perimeter intrusion detection systems market.