Perimeter Intrusion Detection Systems Market by Component and Geography - Forecast and Analysis 2022-2026

The perimeter intrusion detection systems market share is expected to increase by USD 5.78 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.2%.

This perimeter intrusion detection systems market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers perimeter intrusion detection systems market segmentation by component (solutions and services) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The perimeter intrusion detection systems market report also offers information on several market vendors, 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 Perimeter Security Systems, Remsdaq Ltd., Senstar Corp., SORHEA, Teledyne Technologies Inc., and Zaun Ltd. among others.

What will the Perimeter Intrusion Detection Systems Market Size be During the Forecast Period?

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Perimeter Intrusion Detection Systems Market: Key Drivers, Trends, and Challenges

The need to mitigate criminal activities and prevent terrorist attacks is notably driving the perimeter intrusion detection systems market growth, although factors such as security requirements for surveillance data may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the perimeter intrusion detection systems industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Perimeter Intrusion Detection Systems Market Driver

One of the key factors driving the global perimeter intrusion detection systems market growth is the need to mitigate criminal activities and prevent terrorist attacks. According to the data from the National Crime Records Bureau (NCRB), there was a steady increase in the crime rate in 2020 compared to 2019 in India. It increased by 28% in 2020 as compared to 2019. For instance, in 2020, approximately 491,172 cases of theft were reported by NRCB, of which 86,223 cases were related to burglaries. The increasing number of home invasions has necessitated deploying perimeter intrusion detection solutions such as video surveillance and alarms to curb antisocial activities. The governments of several countries have imposed stringent regulations requiring the installation of perimeter intrusion detection systems such as video surveillance and alarms in commercial spaces to curb criminal terrorist activities. Such factors are expected to drive the market during the forecast period.

Key Perimeter Intrusion Detection Systems Market Trend

Another key factor driving the global perimeter intrusion detection systems market growth is the increasing demand from banking and financial institutions. This helps the financial institutions manage the risk of robberies and kidnappings and enables them to maintain business continuity. Intrusion and fire detection systems inspect all the inner and outer network activities and identify the pattern to indicate data breach attempts in the system. The fire detection system also combines the various devices, which work seamlessly to counsel end-users from any fire threat. For instance, Tyco provides end-to-end security systems to optimize banking operations. Its security services protect bank employees, customers, assets, and banking operations. The company's ATM solutions include anti-skimming technology, alarm notification, video surveillance, and remote video monitoring. The demand from banking and financial institutions will continue to drive the demand for perimeter intrusion detection systems during the forecast period.

Key Perimeter Intrusion Detection Systems Market Challenge

One of the key challenges to the global perimeter intrusion detection systems market growth is the security requirements for surveillance data. According to Varonis Systems Inc. (Varonis), cybercrime registered damage of USD 6 trillion in 2021 globally. 52% of breaches featured hacking, 28% involved malware, and 33% included social engineering. According to AO Kaspersky Lab (Kaspersky), around 16% of organizations experience hardware theft from their premises, as hardware theft is one of the easiest ways to obtain useful information such as employees' credentials. In such cyberattacks, private videos and photos of people may be leaked, which can have serious consequences for all stakeholders. Such leaks could affect brand loyalty and result in expensive lawsuits and insurance claims. Therefore, concerns about the surveillance data constitute a significant challenge for the growth of the market during the forecast period.

This perimeter intrusion detection systems market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global perimeter intrusion detection systems market as a part of the global information technology spending market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the perimeter intrusion detection systems market during the forecast period.

Who are the Major Perimeter Intrusion Detection Systems Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, 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 Perimeter Security Systems
• Remsdaq Ltd.
• Senstar Corp.
• SORHEA
• Teledyne Technologies Inc.
• Zaun Ltd.

 

This statistical study of the perimeter intrusion detection systems market encompasses successful business strategies deployed by the key vendors. The perimeter intrusion detection systems market is fragmented and the vendors are deploying growth strategies such as product differentiation to compete in the market.

Product Insights and News

• Advanced Perimeter Systems Ltd. is a privately held company headquartered in the UK. It is a global company, with limited information regarding its financials and limited information regarding its employee strength is available. Its revenue from the global perimeter intrusion detection systems market contributes to its overall revenues along with its other offerings, but it is not a key revenue stream for the company.
• The company offers perimeter intrusion detection systems with multiple network configurations such as Multisys and TDR100 SENSOR-POINT.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The perimeter intrusion detection systems market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Perimeter Intrusion Detection Systems Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the perimeter intrusion detection systems market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Perimeter Intrusion Detection Systems Market?

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49% of the market's growth will originate from North America during the forecast period. The US is the key market for perimeter intrusion detection systems in North America. Market growth in this region will be faster than the growth of the market in South America and MEA.

The significant increase in the number of retail stores and associated facilities and rise in product developments in countries such as the US and Canada will facilitate the perimeter intrusion detection systems market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In response to the COVID-19 pandemic, governments worldwide took many governmental and commercial preventative actions, including social distancing measures, stay-at-home orders, travel restrictions, business shutdowns, and slowdowns in the supply chain in 2020. These actions resulted in a significant decline in regional economic activities and thus negatively impacted the perimeter intrusion detection systems market. The pandemic also impacted the sales of regional vendors such as Honeywell International Inc. However, factors such as the implementation of vaccination drive in 2021, the demand for perimeter intrusion detection systems in North America is expected to increase, which will support the market growth during the forecast period.

What are the Revenue-generating Component Segments in the Perimeter Intrusion Detection Systems Market?

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The perimeter intrusion detection systems market share growth by the solutions segment will be significant during the forecast period. The rise in the adoption of surveillance systems is expected to propel the growth of perimeter intrusion detection solutions during the forecast period. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the perimeter intrusion detection systems market size and actionable market insights on post COVID-19 impact on each segment.

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Intrusion Detection System market - The market share should rise by USD 5.08 billion from 2022 to 2026 at a CAGR of 14.98%.

Network Intrusion Prevention Systems Products market - The market size has the potential to grow by USD 4.54 bn during 2020-2024, and the market's growth momentum will accelerate during the forecast period.

Perimeter Intrusion Detection Systems Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 9.2%
Market growth 2022-2026	$ 5.78 billion
Market structure	Fragmented
YoY growth (%)	8.74
Regional analysis	North America, Europe, APAC, Middle East and Africa, and South America
Performing market contribution	North America at 49%
Key consumer countries	US, China, India, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	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 Perimeter Security Systems, Remsdaq Ltd., Senstar Corp., SORHEA, Teledyne Technologies Inc., and Zaun Ltd.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Perimeter Intrusion Detection Systems Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive perimeter intrusion detection systems market growth during the next five years
• Precise estimation of the perimeter intrusion detection systems market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the perimeter intrusion detection systems industry across North America, Europe, APAC, Middle East and Africa, and South America
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of perimeter intrusion detection systems market vendors

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