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Perimeter intrusion market
to reach USD 21.75 B by 2023
Northbrook, Il (USA)
The latest report on the perimeter intrusion detection
systems market to 2023 shows a growth from USd
10.73 billion in 2018 to USd 21.75 billion by 2023, at a
CAGR of 15.2% during the forecast period.
This growth, according to research
analysts, Marketandmarkets, can be
attributed to the increasing instal-
lations of video surveillance for
security systems and rising demand
for remote access through the cloud
and wireless technology in security
systems.
Based on deployment type, the
open area segment of the perimeter
intrusion detection systems market
is projected to witness the highest
growth during the forecast period.
Open area perimeter intrusion
detection systems are equipped
with volumetric sensors, such as
microwave, active infrared, passive
infrared, radar, and acoustic sen-
sors. These sensors usually cover
large areas and offer volumetric
protection by detecting the motion
of the intruder within the protected
space.
In terms of size of organisation,
the small and medium-sized en-
terprises segment of the perimeter
intrusion detection systems market
is expected to grow at a higher
CAGR as compared to the large
enterprises segment during the
forecast period. Cost-effectiveness
is essential for SMEs as they have
limited budgets. Hence, these
enterprises face a greater resource
crunch as compared to large
enterprises, and require improved
methods to secure boundaries or
critical infrastructures. The imple-
mentation of perimeter intrusion
detection systems is expected to
result in increased revenues, desired
business outcomes, and improved
business efficiency for SMEs.
The North American region
is expected to lead the perimeter
intrusion detection systems market
in 2018. The growth of the North
America perimeter intrusion
detection systems market can be
attributed to the presence of vari-
ous key players, such as Honeywell,
Johnson Controls, Anixter, Rbtec
Perimeter Security Systems, and
Flir Systems in this region.
security
tecnology market
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