Deepening Penetration of Next-gen Technologies Benefits Perimeter Intrusion Detection Market: FMI
Future Market Insights has recently published a market research report titled “Perimeter Intrusion Detection Market - Global Industry Analysis 2013 - 2017 and Opportunity Assessment 2018 - 2028.” According to the study, the global perimeter intrusion detection market is likely to record a total incremental opportunity of US$ 25,679.2 Mn during the forecast period of 2018 to 2028.
Perimeter Intrusion Detection Market
A recent market study published by Future Market Insights titled 'Perimet...
Nowadays, for several industrial verticals, perimeter intrusion detection system is in the focal point when it comes to establishing a security plan. Industry verticals across the globe are adopting advanced security and surveillance systems to increase their internal and external security. Moreover, governments across the globe are increasing the security at their borders for protection against terrorist attacks. These are some of the prominent factors that are boosting the global perimeter intrusion detection market.
Application in Commercial Sector to Create Opportunities
In the global perimeter intrusion detection market report, Future Market Insights has segmented the global perimeter intrusion detection market by component, by type, by vertical, and by region. The component segment is further segmented into solution and services. Due to rapid adoption of next-generation and cloud-based solutions, the solution sub-segment is expected to create potential growth opportunities for the providers of perimeter intrusion detection solutions.
On the basis of type, the global perimeter intrusion detection market is sub-segmented into barrier-mounted, ground-based, free-standing, and rapidly deployable. Due to the rising integration of advanced sensors with barrier-mounted perimeter intrusion detection systems, the market is expected to witness an incremental opportunity of US$ 7,494.6 Mn between 2018 and 2028. On the other hand, the ground-based perimeter intrusion detection system sub-segment is expected to exhibit a CAGR of 14.3% during the forecast period.
Based on vertical, the perimeter intrusion detection system market is sub-segmented into military & defence, government, industrial, critical infrastructure, commercial, residential, and others. Due to increasing demand from the commercial sector, the commercial sub-segment is expected to create potential growth opportunities for the providers of perimeter intrusion detection systems. Furthermore, with the rising adoption of advanced security systems in the industrial sector, the industrial sub-segment is expected to grow with a high CAGR during the forecast period.
Emerging Regional Economies to Represent Lucrative Investment Pockets
On the basis of geography, North America is expected to dominate in the global perimeter intrusion detection market due to the advent of next-generation technological advancements in the U.S. and Canada. The Europe perimeter intrusion detection market will be a target market for market participants, as the regional governments are promoting and supporting advanced security systems.
The perimeter intrusion detection market has high potential in China owing to major technological advancements in the country. China is now the most connected country in the world. In the recent years, the perimeter intrusion detection market in China has witnessed a significant growth. Latin American market for perimeter intrusion detection is also estimated to grow with a high CAGR over the forecast period.
Furthermore, the vital need for security against terrorist activities and the rising government budget for the defence sectors are among factors that have revolutionised the security infrastructure of various developed and developing regions. To keep up with the growing demand from the Asia Pacific and MEA regions, several security infrastructure component providers have started investing heavily in these regions.
Competition Assessment: Perimeter Intrusion Detection Market
Some of the key players in the global perimeter intrusion detection market research report include Honeywell International Inc., Johnson Controls Inc., Anixter, Schneider Electric SE, Axis Communications, Flir Systems, Rbtec Perimeter Security Systems, and Singapore Technologies Engineering Ltd. These perimeter intrusion detection providers are continuously focusing on offering advanced products and following the strategy of entering into partnerships and collaborations with other perimeter intrusion detection system providers to offer advanced perimeter intrusion detection systems and to reach new growth markets in the next few years.
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About Technology Division at Future Market Insights
The technology team at Future Market Insights offers expert analysis, time efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis on key trends including competitive landscape, profit margin, and research development efforts.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
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