Perimeter Intrusion Detection Systems Market Analysis North America, Europe, APAC, Middle East and Africa, South America - US, Germany, China, UK, India - Size and Forecast 2024-2028

Perimeter Intrusion Detection Systems Market Size 2024-2028

The perimeter intrusion detection systems market size is forecast to increase by USD 6.42 billion, at a CAGR of 10.03% between 2023 and 2028.

• Perimeter intrusion detection systems (PIDS) are essential for securing critical infrastructure against unauthorized access and potential threats, particularly in sectors such as oil refineries and banking and financial institutions. The market for these systems is driven by the need to mitigate criminal activities and prevent terrorist attacks. Technological advancements, including signal processing, artificial intelligence, machine learning, data analytics, computing technologies, video analytics, and visual alarm verification, are key trends in the market. These technologies enhance the system's ability to detect and respond to intrusions effectively. Additionally, the increasing demand for real-time threat detection and response, as well as the need for surveillance data security, further boosts the market's growth. Explosions and other catastrophic events at oil refineries underscore the importance of reliable and effective perimeter security systems.

What will be the Size of the Market During the Forecast Period?

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• The market is witnessing significant growth due to the increasing need for advanced security solutions. These systems play a crucial role in safeguarding critical infrastructure from potential threats such as terrorism, criminal activities, burglaries, thefts, explosions, and other unauthorized intrusions. PIDS utilize various technologies, including sensors, video surveillance systems, and radar, to detect and alert security personnel of any unauthorized access or potential threats. Sensors are the backbone of these systems, with microwave sensors, infrared sensors, fiber optic sensors, and radar sensors being commonly used. Microwave sensors operate by detecting the reflection of microwave energy off intruders or objects, while infrared sensors detect heat signatures. Fiber optic sensors can detect vibrations, strain, temperature changes, and other physical disturbances. Radar sensors use electromagnetic waves to detect objects and movements within their range. Video surveillance systems are another essential component of PIDS. Cameras monitor the perimeter, and video management software processes and stores the footage. Hardware, such as servers and storage devices, ensure the efficient processing and retention of data.
• Professional services and managed services further enhance the functionality of these systems. The US oil refineries, power plants, and other critical infrastructure facilities are significant users of PIDS. These systems provide early warning of potential threats, enabling security personnel to respond promptly and effectively. The integration of PIDS with other security systems, such as Access Control Systems (ACS) and Automatic Identification Systems (AIS), further enhances the overall security of these facilities. The US market for Perimeter Intrusion Detection Systems is expected to experience steady growth due to the increasing focus on infrastructure security. The integration of advanced technologies, such as AI and machine learning, is also expected to drive market growth. As the threat landscape continues to evolve, the demand for strong and reliable PIDS solutions will continue to increase.

How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

• Component
  • Solutions
  • Services
• Geography
  • North America
    • US
  • Europe
    • Germany
    • UK
  • APAC
    • China
    • India
  • Middle East and Africa
  • South America

By Component Insights

• The solutions segment is estimated to witness significant growth during the forecast period.

Perimeter intrusion detection systems are essential security solutions used in various industries to identify and prevent unauthorized access or suspicious activities. These systems employ advanced technologies such as video analytics, signal processing, artificial intelligence, and machine learning for enhanced security. In industries like oil refineries, where the risk of explosions is high, perimeter intrusion detection systems play a crucial role in safeguarding assets and personnel. Video analytics is a significant component of these systems, utilizing data analytics and computing technologies to analyze video footage for motion detection and other potential threats. Machine learning algorithms are employed to improve the system's accuracy and reduce false alarms.

Visual alarm verification is another feature that helps verify alarms before alerting security personnel, minimizing unnecessary responses. Perimeter intrusion detection systems also include video surveillance systems that monitor and record activities in designated areas. Closed-circuit television (CCTV) cameras are commonly used for this purpose, providing real-time footage that can be analyzed for potential threats. These systems aid in maintaining security and ensuring the safety of people and property. By integrating advanced technologies and analytics, perimeter intrusion detection systems offer a strong and reliable solution for securing facilities against potential intrusions.

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The solutions segment was valued at USD 5.93 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

• North America is estimated to contribute 53% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market is experiencing significant growth due to the expansion of the retail sector and associated facilities in the region. The United States and Canada are key contributors to this market's growth, leading to an increased demand for security solutions such as video surveillance systems and sensors. These systems utilize various technologies like Microwave, Infrared, Fiber optic, and Radar to detect intrusions.

Market Dynamics

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

What are the key market drivers leading to the rise in the adoption of the market?

The need to mitigate criminal activities and prevent terrorist attacks is the key driver of the market.

• In today's world, the rise in criminal activities is a significant concern for businesses, large enterprises, critical infrastructure, and correctional facilities. According to the National Crime Records Bureau (NCRB), the crime rate in India saw a 28% increase in 2020 compared to 2019. This trend is not unique to India, as crime rates continue to climb in various parts of the world. For instance, in 2020, approximately 491,172 cases of theft were reported by NCRB, with 86,223 cases related to burglaries. To mitigate the risk of intrusion, murder, robbery, and theft, organizations are turning to advanced perimeter intrusion detection systems.
• These solutions include video surveillance, alarms, and other advanced technologies. Video Management Software (VMS) plays a crucial role in these systems, enabling real-time monitoring and analysis of video feeds. Moreover, the deployment of these systems extends beyond physical perimeters. Cloud-based solutions offer managed services and professional services, providing businesses with continuous monitoring and maintenance. These services are essential for organizations that require 24/7 protection, such as critical infrastructure and correctional facilities. In summary, the need for effective perimeter intrusion detection systems is more critical than ever. By leveraging advanced technologies, such as VMS and cloud-based solutions, organizations can safeguard their assets and protect against criminal activities.

What are the market trends shaping the market?

Increasing demand from banking and financial institutions is the upcoming trend in the market.

• In the United States, financial institutions and banking sectors prioritize physical security measures to prevent unauthorized access and theft-related activities. Perimeter Intrusion Detection Systems (PIDS) play a crucial role in securing these institutions by monitoring and identifying potential threats. These systems utilize various technologies, including Video Surveillance, Sensors, Sonar, Radar, Automatic Identification Systems, and Global Positioning Systems.
• PIDS are designed to detect and alert security personnel of intrusions, enabling a swift response to potential threats. They are particularly effective against terrorism and criminal activities, safeguarding against burglaries and thefts. By combining various devices and controlling them through a single user interface, PIDS offer a streamlined approach to physical security management.

What challenges does the market face during the growth?

Security requirements for surveillance data is a key challenge affecting the market growth.

• Perimeter intrusion detection systems play a crucial role in safeguarding valuable data and assets in various industries, including wireless technology applications in chemical plants, tank farms, offshore rigs, well pads, solar farms, and mining sites. With the increasing number of cyber threats and data breaches, the need for strong security measures has become essential. According to recent reports, cybercrime caused an estimated USD 6 trillion in damages globally in 2021. Hacking accounted for 52% of these breaches, malware for 28%, and social engineering for 33%.
• Moreover, around 16% of organizations reported hardware theft, making it a significant concern for data security. To address these challenges, perimeter intrusion detection systems use advanced technologies, such as video and audio data collection through a vast network of cameras and IoT sensors. These systems store the data for further analysis, enabling early detection and prevention of unauthorized access. By implementing such systems, organizations can ensure the security of their surveillance data and protect their assets from potential threats.

Exclusive Customer Landscape

The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.

Customer Landscape

Key Companies & Market Insights

Companies are implementing various strategies, such as strategic alliances, market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Advanced Perimeter Systems Ltd. - The company offers advanced perimeter intrusion detection systems, featuring configurations like Multisys and TDR100 SENSOR-POINT.

The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

• Advanced Perimeter Systems Ltd.
• Axis Communications AB
• Bandweaver
• Cias Elettronica Srl
• Detection Technologies Ltd.
• DeTekion Security Systems Inc.
• Future Fibre Technologies Ltd.
• GREENIP Services Pvt Ltd.
• H S Jackson and Son Ltd.
• Harper Chalice Group Ltd.
• Honeywell International Inc.
• Impulse Engineering Ltd.
• Johnson Controls International Plc.
• OPTEX GROUP CO. LTD.
• PureTech Systems Inc.
• Rbtec Inc.
• Remsdaq Ltd.
• Senstar Corp.
• SORHEA
• Teledyne Technologies Inc.
• Zaun Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Research Analyst Overview

Perimeter intrusion detection systems (PIDS) are essential security solutions designed to safeguard open areas from potential threats. These systems utilize advanced technologies such as sensors, sonar, radar, automatic identification systems, GPS, and computing technologies to detect and respond to unauthorized intrusions. PIDS play a crucial role in securing critical infrastructure, including oil refineries, nuclear facilities, chemical industries, and military and defense installations, against terrorism, criminal activities, burglaries, thefts, explosions, and other security breaches. PIDS come in various forms, including microwave sensors, infrared sensors, fiber optic sensors, and radar sensors.

Video surveillance systems, hardware components such as cameras, monitors, servers, and storage, as well as video management software, professional services, and managed services, are integral parts of these systems. PIDS can be buried or fence-mounted and are widely used in aerospace, government and defense, transportation, industrial, commercial, and correctional facilities. Cloud and wireless technology are also increasingly being adopted to enhance the functionality and flexibility of these systems. PIDS employ signal processing, artificial intelligence, machine learning, data analytics, and video analytics, including video motion detection and visual alarm verification, to ensure effective threat detection and response.

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What are the Key Data Covered in this Market Research and Growth Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting between 2024 and 2028
• Precise estimation of the size of the market and its contribution of the market in focus to the parent market
• Accurate predictions about upcoming market growth and trends and changes in consumer behaviour
• Growth of the market across North America, Europe, APAC, Middle East and Africa, and South America
• Thorough analysis of the market's competitive landscape and detailed information about companies
• Comprehensive analysis of factors that will challenge the growth of market companies

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