Perimeter Intrusion Detection Systems Market is Projected to USD 3.37 Billion by 2020

Date: 2015-12-15

“Rise in government investments in the sector, need for reduction in manpower cost, and increasing need for security against terrorist attacks are among the main factors responsible for the growth of the perimeter intrusion detection systems market across the globe. “
The perimeter intrusion detection systems market size is estimated to grow from USD 2.36 billion in 2015 to USD 3.37 billion by 2020, at an estimated CAGR of 7.4% from 2015 to 2020. The perimeter intrusion detection systems market is driven by factors, such as rise in government investments in the sector, the need for reduction in manpower cost, and increase in the need for security against terrorist attacks.

“North America is expected to hold maximum share in the global perimeter intrusion detection systems market during the forecast period.”
North America is the most developed region in terms of technology. The necessity for perimeter security in this region is growing due to increasing threats of malicious activities by terrorists, illegal immigration, anti–government protests, and increasing criminal activities. These threats have led to the requirement for perimeter security solutions such as intrusion detection systems. The need for perimeter security (which involves solutions and systems) has been observed in all the major industries, such as transportation, commercial buildings, government & defense, sensitive areas, and critical infrastructures, such as nuclear plants, chemical industries, and oil & gas facilities across the region. Microwave intrusion detection sensors are expected to gain maximum transaction during the forecast period.

With growing perimeter security threats, the requirement for multi-layered perimeter protection has increased in areas such government facilities and other critical infrastructure sites. Technologies, such as next-generation fence-mounted sensors, infrared, and integrated fiber-optic perimeter intrusion detection systems offer huge growth opportunities in the perimeter intrusion detection systems market. 
The various key perimeter intrusion detection systems’ vendors and service providers profiled in the report are as follows:
1. Anixter International
2. Axis Communications
3. Honeywell International
4. Schneider Electric
5. Flir Systems
6. Tyco
7. Xtralis
8. Senstar

Contact With Us
Join templatemonster at google+
Customized Research
Request Sample