Research Nester published a report titled “Perimeter Intrusion Detection Systems Market: Global Demand Analysis & Opportunity Outlook 2030” which delivers detailed overview of the global perimeter intrusion detection systems market in terms of market segmentation by component, deployment type, communication technology, installation, end-user, industry-vertical, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global perimeter intrusion detection systems market is anticipated to grow with a CAGR of 8.6% over the forecast period, i.e., 2020 – 2030. The market is segmented by deployment type into buried/invisible, fence mounted, and open-area/freestanding, out of which, the open-area/freestanding segment is anticipated to generate the largest revenue of USD 32158.3 Million by the end of 2030, up from a revenue of USD 14257.7 Million in the year 2020.
The global perimeter intrusion detection systems market is estimated to garner a revenue of USD 59788.2 Million by the end of 2030, up from a revenue of USD 26318.0 Million in the year 2020. Rising concern for robberies and thefts, followed by the need amongst businesses and individuals for enhanced safety and security, along with the surge in deployment of surveillance systems globally, are some of the major factors anticipated to drive the growth of the market in the coming years.
The global perimeter intrusion detection systems market is segmented by region into North America, Europe, Asia Pacific, Latin America and Middle East & Africa region, out of which, the market in the Asia Pacific is anticipated to hold the largest market revenue of USD 24613.8 Million by the end of 2030. Moreover, in the year 2020, the market registered a revenue of USD 10649.9 Million.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Growing Need for Enhancing Perimeter Security to Drive Market Growth
In one of the statistics by the Federal Bureau of Investigation (FBI) of the United States, in the year 2019 in the United States, close to 267988 robberies were recorded. Moreover, in one of the statistics by Eurostat, 1567500 burglaries and 4801400 thefts were recorded in the European Union in the same year.
Backed by the growing concern for the rising incidences of robberies and theft globally, there is a growing need amongst both commercial and residential users to deploy perimeter intrusion detection systems, which is one of the major factors anticipated to drive the growth of the market during the forecast period.
However, the high installation costs, and the complexities in system integration are expected to operate as key restraint to the growth of global perimeter intrusion detection systems market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global perimeter intrusion detection systems market which includes company profiling of Bosch Security Systems, LLC, Johnson Controls, Inc., Honeywell International Inc., Axis Communications AB, RBtec Perimeter Security Systems, Southwest Microwave, Inc., Fiber SenSys, Inc., Senstar Corporation, Hangzhou Hikvision Digital Technology Co., Ltd., Dahua Technology Co., Ltd., ZKTECO CO., LTD., and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global perimeter intrusion detection systems market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.