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The Global Threat Detection Systems Market size is estimated to grow at a CAGR of 12.75% between 2022 and 2027. The size of the market is forecast to increase by USD 94.14 billion. The growth of the market depends on several factors, including the increasing number of terrorist activities, growing demand for large-scale surveillance in public places, and tightening regulations for security devices.
This threat detection systems market research report extensively covers market segmentation by application (defense, commercial, industrial, public infrastructure, and residential), type (hardware, software, and services), and geography (North America, Europe, APAC, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges.
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Our researchers analyzed the data with 2022 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.
The increasing number of terrorist activities is notably driving market growth. With the rise in territorial conflicts, geopolitical instability, and terrorism, there has been an increase in the demand for advanced threat detection methods. The rising number of terrorist attacks has necessitated the need for advanced security systems, which can help prevent such incidents.
For instance, metal detectors can be used to identify bombs or guns that are being carried in public places. Similarly, an advanced radar system can be used to identify any threat entering the aerial boundaries of a region. The demand for such systems or devices, such as biometric systems, explosive detectors, and video surveillance systems, is also rising, which is expected to drive the market during the forecast period.
The use of emerging technologies for increasing efficiency is the key trend in the market. Threat detection systems are one of the most important components that are being used to detect threats, and different techniques are being utilized to develop efficient threat detection systems. Artificial intelligence (AI)-based techniques play a prominent role in the development of threat detection systems. Various vendors are using these emerging technologies to make their products more efficient and investing in R&D to have a competitive edge over others. Machine learning (ML) is an AI discipline and a key driver of many practical advances associated with this field.
Similarly, predictive analytics, a branch of advanced analytics, is being used to make predictions about unknown future events. Predictive analytics uses many techniques, from data mining, statistics, modeling, ML, and AI, to analyze current data to make predictions. With the use of such technologies, the system is capable of learning continuously from the outcomes and improving itself to be more efficient and effective. The use of such technologies is expected to rise in the future and proliferate the market.
The high cost of threat detection systems is the major challenge impeding market growth. This high cost directly impacts the interest of the companies that are focusing on implementing and adopting new technologies for threat detection. The cost of threat detection systems implementation varies depending on various factors, such as the level of integration, functionalities needed, and the number of devices that need to be connected. To make threat detection systems more seamless, a high level of integration is required, which, in turn, will increase the cost further.
Along with these factors, the cost and time to build a connectivity model for every single device in the network and on the premises are crucial and also add up to the cost associated with threat detection systems. These additional expenses can be significant for regulatory authorities and should be factored into the budget. Overall, these factors increase the cost of threat detection systems, which can be a challenge, especially for governments with a limited financial budget for IT spending. Hence, the high initial investment may have an adverse effect on market growth.
The 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Threat Detection Systems Market Customer Landscape
Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Vectra AI Inc. - The company offers threat detection system solutions such as Vectra MDR service, and Vectra TDR platform. This segment focuses on the Cognito platform which is an intelligent, AI-driven threat detection and response for cloud, and SaaS services across various industries.
The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:
Qualitative and quantitative analysis of vendors 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 vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
The threat detection systems market share growth of the defense segment will be significant during the forecast period. Defense forces use complex and multi-layered threat detection and screening solutions to maintain top-level security, thereby allowing personnel to focus on important missions instead of securing their infrastructure. Hence, the increase in terrorist attacks and rising concerns regarding the safety of defense infrastructure are boosting the demand for security and threat detection solutions for defense applications.
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The defense segment was valued at USD 17.21 billion in 2017 and continued to grow until 2021. Globally, government bodies and militaries face the challenge of protecting their forces and societies against terrorist attacks. Terrorism poses a real threat to the security and safety of troops, civilians, and critical infrastructure. Thus, defense infrastructure and other high-security government installations need to be secured properly. The rising need for the defense to focus on important missions instead of securing their premises will facilitate the market for detection systems during the forecast period.
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North America is estimated to contribute 37% 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.
North America is one of the most technologically advanced regions in the world due to the high adoption rate of advanced and emerging technologies. The region contains several manufacturers and component suppliers of threat detection systems. Some of the leading vendors of threat detection systems in the region include RAE Systems, FLIR Systems, ChemImage Corp., and Vectra AI Inc. The presence of numerous vendors, coupled with the growing focus on R&D activities, especially technologies such as high-energy laser systems, which will make threat detection systems more reliable and efficient, will further boost the demand. Vendors are also using these technologies and launching new products. Additionally, growing terrorist activities and geopolitical issues are expected to increase the demand for threat detection systems. Public infrastructure is highly impacted by such activities and hence generates the highest demand for threat detection systems. As a result, the deployment of threat detection systems has increased in places such as airports and railways.
The outbreak of the pandemic accelerated the adoption of software and services by several SMEs in the region, which fueled the demand for threat detection systems in North America in 2020-2021. In November 2022, SentinelOne, a cybersecurity platform company, announced that SentinelOne Singularity Cloud had partnered with Amazon Security Lake from Amazon to support hunting, threat investigations, and forensics on cloud logs within the SentinelOne Singularity XDR Platform. Thus, the growing developments by the vendors operating in the region will drive the growth of the regional market in focus during the forecast period.
The threat detection systems market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027.
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Threat Detection Systems Market Scope |
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Report Coverage |
Details |
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Page number |
177 |
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Base year |
2022 |
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Historic period |
2017-2021 |
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Forecast period |
2023-2027 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 12.75% |
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Market growth 2023-2027 |
USD 94.14 billion |
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Market structure |
Fragmented |
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YoY growth 2022-2023(%) |
16.45 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 37% |
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Key countries |
US, Canada, China, Germany, and UK |
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Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Alert Logic Inc., Amazon.com Inc., Axis Communications AB, ChemImage Corp., Chemring Group Plc, Corptz, Fortra LLC, Group IB Service Ltd, Honeywell International Inc., LogRhythm Inc., Mirion Technologies Inc., OSI Systems Inc., PerimeterX Inc., Safran SA, Smiths Group Plc, Stellar Cyber, Synapse Technology Corp., Teledyne Technologies Inc., Thales Group, and Vectra AI Inc. |
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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, and Market condition analysis for the forecast period. |
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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. |
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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