Perimeter Intrusion Detection System Global Market Overview, Driving Factors, Future Trends, Key Players and Growth Opportunities And Forecast By 2033

Overview and Scope
A perimeter intrusion detection system (PIDS) refers to a security measure designed to detect and respond to unauthorized entry into a defined perimeter. It typically employs a combination of sensors, such as motion detectors, infrared sensors, and video surveillance, to monitor the perimeter and trigger alarms or alerts when breaches occur, helping to enhance overall security and prevent unauthorized access.

Sizing and Forecast
The perimeter intrusion detection system market size has grown rapidly in recent years. It will grow from $16.39 billion in 2023 to $19.36 billion in 2024 at a compound annual growth rate (CAGR) of 18.1%.  The growth in the historic period can be attributed to increasing security concerns, urbanization and population growth, threat landscape evolution, cost reduction initiatives, industry standards and best practices.

The perimeter intrusion detection system market size is expected to see rapid growth in the next few years. It will grow to $38.03 billion in 2028 at a compound annual growth rate (CAGR) of 18.4%.  The growth in the forecast period can be attributed to increasing security concerns, regulatory compliance, urbanization and infrastructure development, and integration with smart city initiatives. Major trends in the forecast period include the emergence of smart sensors, focus on IoT integration, the shift towards cloud-based solutions, growing emphasis on cybersecurity, and rising demand for wireless systems.

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Segmentation & Regional Insights
The perimeter intrusion detection system market covered in this report is segmented –

1) By Component: Hardware, Software, Services
2) By Deployment:  Barrier-Mounted, Ground-Based, Free-Standing, Rapidly Deployable
3) By Organization Size: Large Enterprises, Small And Medium-sized Enterprises (SMEs)
4) By Industry Vertical: Critical Infrastructure, Military And Defense, Government, Transportation, Industrial, Correctional Facilities, Commercial, Other Industry Verticals

North America was the largest region in the perimeter intrusion detection system market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the perimeter intrusion detection system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increasing threat of terrorism is expected to propel the growth of the perimeter intrusion detection system market going forward. Terrorism is the systematic use of violence or intimidation to achieve political, religious, or ideological goals, often targeting civilians or non-combatants. The rise of terrorism is due to complex socio-political factors, including grievances, ideology, and geopolitical tensions. Perimeter intrusion detection systems are crucial in counterterrorism efforts, enhancing security by swiftly detecting unauthorized access attempts along boundaries and preventing potential threats before they escalate. For instance, according to the Global Terrorism Index by the Institute for Economics and Peace, an Australia-based think tank, terrorist attacks grew more lethal in 2022, resulting in an average of 1.7 fatalities per attack, compared to 1.3 deaths per attack in 2021. Therefore, the increase in the threat of terrorism is driving the growth of the perimeter intrusion detection system market.

Key Industry Players
Major companies operating in the perimeter intrusion detection system market are  Honeywell International Inc., Zhejiang Dahua Technology Co. Ltd., Johnson Controls International plc, Hangzhou Hikvision Digital Technology Co. Ltd., Arthur J. Gallagher & Co. (AJG), SICK AG, FLIR Systems Inc., Axis Communications AB, Anixter International Inc., Optex Co. Ltd., RISCO Group S.A., Texecom Ltd., Southwest Microwave Inc., Bosch Sicherheitssysteme GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fibre Technologies Pty Ltd, Fiber SenSys Inc., Detekion Security Systems Inc., Advanced Perimeter Systems Ltd., PureTech Systems Inc., RBtec Perimeter Security Systems Ltd., CIAS Elettronica Srl

The perimeter intrusion detection system market report table of contents includes:
1. Executive Summary

2. Perimeter Intrusion Detection System Market Characteristics

3. Perimeter Intrusion Detection System Market Trends And Strategies

4. Perimeter Intrusion Detection System Market - Macro Economic Scenario

5. Global Perimeter Intrusion Detection System Market Size and Growth

.....

32. Global Perimeter Intrusion Detection System Market Competitive Benchmarking

33. Global Perimeter Intrusion Detection System Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Perimeter Intrusion Detection System Market

35. Perimeter Intrusion Detection System Market Future Outlook and Potential Analysis

36. Appendix

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