How Is The Global Perimeter Intrusion Detection and Prevention Market Defined?
Perimeter intrusion detection and prevention (PIDP) refers to a security system used to monitor and defend the boundaries of a physical or digital area, aiming to identify and discourage unauthorized access or breaches. It serves to promptly detect breaches, safeguard assets, and enhance response time in the event of security incidents.
Perimeter Intrusion Detection and Prevention Global Market Report 2024 provides data on the global perimeter intrusion detection and prevention market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The Perimeter Intrusion Detection and Prevention market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
How Is The Global Perimeter Intrusion Detection and Prevention Market Size Expected To Expand, And At What Annual Growth Rate?
The perimeter intrusion detection and prevention market size has grown rapidly in recent years. It will grow from $10.81 billion in 2023 to $11.88 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. 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 rise in incidents of theft and vandalism. The perimeter intrusion detection and prevention market size is expected to see rapid growth in the next few years. It will grow to $17.56 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. 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 the 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.
What Are The Key Drivers Fueling Growth In The Perimeter Intrusion Detection and Prevention Market?
The surge in criminal activities is expected to propel the growth of the perimeter intrusion detection and prevention market going forward. Criminal activities refer to actions or behaviors that contravene established laws, regulations, or societal standards, covering a broad spectrum of illegal behaviors such as theft, fraud, and various other offenses. Increasing criminal activities are attributed to several factors, such as economic inequality, lack of access to education and employment opportunities, social marginalization, and inadequate law enforcement. Perimeter intrusion detection and prevention systems help in mitigating criminal activities by identifying unauthorized access attempts, thus bolstering security and facilitating swift intervention to deter theft, vandalism, or other unlawful behavior. For instance, in October 2023, according to the Office for National Statistics, a UK-based non-ministerial department, police recorded robberies in the UK rose by 11%, reaching 77,337 incidents, compared to the period ending June 2022, which had 69,432 incidents. Therefore, the surge in criminal activities is driving the growth of the perimeter intrusion detection and prevention market in 2023, 2024, and projected to continue into 2028.
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What Are The Principal Market Segments In The Global Perimeter Intrusion Detection and Prevention Industry?
The perimeter intrusion detection and prevention market covered in this report is segmented –
1) By Type: Hardware, Software, Services
2) By Deployment: On-Premise, Cloud-Based
3) By Application: Aerospace, Government, Transportation, Industrial, Commercial, Military And Defense
4) By End User: Small And Medium Enterprises (SMEs), Large Enterprises
Which Emerging Market Trends Are Altering The Perimeter Intrusion Detection and Prevention Sector?
Leading companies in the perimeter intrusion detection and prevention market are advancing solutions such as fiber optic sensing technology to strengthen their competitive edge. This technology uses fiber optic cables to monitor and track physical occurrences. For example, in April 2022, Bandweaver Technologies, a UK-based electronics firm, unveiled ZoneSentry, a perimeter intrusion detection system that employs fiber optic sensing technology. ZoneSentry provides efficient and cost-effective protection for perimeters up to 8 kilometers. It uses fiber-optic distributed acoustic sensing (DAS) technology to detect vibrations that indicate intrusions, allowing for rapid response to prevent damage or theft.
What Is The Leading Region In The Perimeter Intrusion Detection and Prevention Market?
North America was the largest region in the perimeter intrusion detection and prevention market in 2023. The regions covered in the perimeter intrusion detection and prevention market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
