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Perimeter Intrusion Detection Systems Market worth 3.37 Billion USD

Friday, March 10, 2017 15:15
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The report Perimeter Intrusion Detection Systems Market by Technology (Microwave, Radar), Deployment (Fence Mounted, Buried & Open), Vertical (Critical Infrastructure, Government), Service (System Integration & Consulting), & Geography – Global Forecast to 2020″, The global 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.

Browse 81 market data tables and 93 figures spread through 134 pages and in-depth TOC on “Perimeter Intrusion Detection Systems Market - Global Forecast to 2020”
http://www.marketsandmarkets.com/Market-Reports/perimeter-intrusion-detection-system-market-24453689.html

Intrusion detection systems play a very crucial role in perimeter security. They enable the user to scrutinize the perimeter of the infrastructure for any kind of intrusive activity. These systems are usually deployed by either burying or mounting the device to an existing structure, such as a fence. With the frequency of terrorist attacks increasing across the globe, the perimeter intrusion detection systems market is expected to gain traction in the next five years.

Increase in terrorism and illegal perimeter penetration drive the Perimeter Intrusion Detection Systems market

The major factors driving the perimeter intrusion detection systems market are rise in terrorist attacks and illegal perimeter penetration across the globe. Due to increase in the number of perimeter intrusion, the demand for perimeter protection has also increased. The rise in the number of perimeter intrusions, which is making organizations become more aware about the threat, has become the most significant factor driving the perimeter intrusion detection systems market. Numerous verticals, such as government & military facilities, commercial & industrial sites, and critical infrastructures, are adopting these systems to ensure the absolute protection of their intellectual and physical assets. According to a data provided by the European Network and Information Security Agency (ENISA), crime rate has increased, which has resulted in the growing deployment of perimeter solutions in the region.

System Integration and Consulting Service play a key role in the Perimeter Intrusion Detection Systems market

The report defines and segments the global perimeter intrusion detection systems market on the basis of technology, service, deployment model, vertical, and region, along with providing an in-depth analysis and market size estimations. The system integration & consulting service segment is expected to contribute the largest market share, whereas maintenance & support service will play a key role in changing the perimeter intrusion detection systems’ landscape during the forecast period.

Critical Infrastrucure vertical contributes maximum market share

The critical infrastructure vertical is expected to contribute the largest market share in the perimeter intrusion detection systems market. Military & defence, government, and transportation will be the key growing verticals during the forecast period. The report also covers the total perimeter intrusion detection systems market by geographic regions. While North America is expected to have the largest market share from 2015 to 2020, the Latin American market will grow at the highest CAGR during the forecast period. Major vendors in the perimeter intrusion detection systems market include Anixter International, Axis Communications, Honeywell International, Flir Systems, Tyco, Xtralis, and Senstar among others.

About MarketsandMarkets

MarketsandMarkets is world’s No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors.

M&M’s flagship competitive intelligence and market research platform, “RT” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

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