Market Size –
The perimeter intrusion prevention system market size has grown rapidly in recent years. It will grow from $13.37 billion in 2023 to $15.88 billion in 2024 at a compound annual growth rate (CAGR) of 18.6%. The growth in the historic period can be attributed to economic inequality, societal marginalization, insufficient law enforcement, lack of access to education and employment opportunities, and rising incidents of theft and vandalism.
The perimeter intrusion prevention system market size is expected to see rapid growth in the next few years. It will grow to $32.12 billion in 2028 at a compound annual growth rate (CAGR) of 19.3%. The growth in the forecast period can be attributed to advancements in sensor technologies, increased adoption of cloud-based solutions, rising concerns over cybersecurity threats, expansion of critical infrastructure projects, and growing demand for integrated security solutions in smart cities. Major trends in the forecast period include adoption of AI and machine learning, growing integration with IoT devices, rising demand for cloud-based solutions, the emergence of 5G technology, and a shift towards proactive security measures.
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Scope Of Perimeter Intrusion Prevention System Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Perimeter Intrusion Prevention System Market Overview
Market Drivers –
Major Driver Impacting Market Growth
Market Trends –
Major companies operating in the perimeter intrusion prevention system market are developing advanced solutions that can detect known and unknown (zero-day) attacks across operational technology (OT) to enhance their profitability in the industry. A solution for OT environments capable of detecting known and unknown (zero-day) attacks employs advanced anomaly detection algorithms and real-time threat intelligence integration for comprehensive threat identification and mitigation. For instance, in January 2022, Honeywell International Inc., a US-based technology company, partnered with Acalvio Technologies, a US-based provider of cyber deception technology, to launch Honeywell Threat Defense Platform (HTDP), a new solution designed to detect known and unknown (zero-day) attacks across operational technology (OT) environments in commercial buildings. The HTDP employs sophisticated, active defense strategies, such as autonomous deception tactics, to outmaneuver attackers and offer precise threat detection.
The perimeter intrusion prevention system market covered in this report is segmented –
1) By Types: Access Control Systems, Alarms And Notification Systems, Surveillance Systems, Other Types
2) By Product Type: Hardware Devices, Software Services
3) By Applications: Military And Defense, Government, Transportation, Other Applications
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Regional Insights –
North America was the largest region in the perimeter intrusion prevention 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 prevention system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies –
Major companies operating in the perimeter intrusion prevention 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., SICK AG, FLIR Systems Inc., Axis Communications AB, Anixter International Inc., Optex Co. Ltd., RISCO Group S.A., Texecom Ltd., Southwest Microwave Inc., Bosch Security System GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fiber 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
Table of Contents
1. Executive Summary
2. Perimeter Intrusion Prevention System Market Characteristics
3. Perimeter Intrusion Prevention System Market Trends And Strategies
4. Perimeter Intrusion Prevention System Market – Macro Economic Scenario
5. Global Perimeter Intrusion Prevention System Market Size and Growth
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31. Perimeter Intrusion Prevention System Market Other Major And Innovative Companies
32. Global Perimeter Intrusion Prevention System Market Competitive Benchmarking
33. Global Perimeter Intrusion Prevention System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Perimeter Intrusion Prevention System Market
35. Perimeter Intrusion Prevention System Market Future Outlook and Potential Analysis
36.Appendix
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