Perimeter security is the security provided to outdoor perimeter of various sites and areas, such as critical infrastructure, transportation facilities, government & defense facilities, commercial facilities, and other sensitive areas. MarketsandMarkets expects the global Perimeter Intrusion Detection Systems market to grow from USD 2.36 Billion in 2015 to USD 3.37 Billion by 2020, at a CAGR of 7.4 % from 2015 to 2020.
The global market includes technologies, such as microwave sensors, infrared sensors, radar sensors, and fiber-optic sensors. Globally, the significance of perimeter security has increased owing to increase in the number of threats, which may not only result in disruption of operations but also lead to huge losses in terms of confidentiality, integrity, and availability of the information technology assets.
Over the years, the scope of perimeter security systems has expanded due to advancement in technology. Perimeter security systems, which were initially used to protect intrusions in military facilities, critical infrastructure, and other high risk sites, are now being utilized in areas such as commercial and residential sites, retail spaces, transportation sites that include airports and seaports, and many other urban and remote locations. Technological advancements have helped in the development of state-of-the-art systems for perimeter security.
The global Perimeter Intrusion Detection Systems market is segmented by technology, service, deployment, vertical, and region. The market, by technology, is estimated to be dominated by the microwave sensors segment in 2015. The reason behind the increasing adoption of microwave sensors is their ability to work fairly well in most weather conditions. Among verticals, the critical infrastructure segment is estimated to dominate in 2015. This is because perimeter intrusion detection system remain operable in critical emergency situations, such as uneven power voltage or power outages. Perimeter intrusion detection system can maintain the integrity of the physical protection systems employed at critical facilities with ready available emergency power sources.
The North American region has the largest share of the global market, followed by Europe. In North America, the market witnessed significant growth owing to the strengthening of laws & regulations, technological advancements, and increasing instances of threats.The key players in this market include Axis Communications, United Technologies, Anixter, Honeywell, Southwest Microwave, Tyco Systems, RBtec Perimeter Security Systems, Fibersenys, cias, Senstar, and PureTech Systems. These players adopted various strategies, such as partnerships, agreements, collaborations, joint ventures, mergers & acquisitions, expansions, and new product launches to expand their global presence and increase their market shares.
False alarm rate and high initial deployment cost of perimeter intrusion detection system technologies for SMB’s are restraint to this market. These alarms deter the effectiveness of the perimeter security systems and can lead to ignorance of real alarms. Outdoor perimeter intrusion detection system are mainly prone to nuisance alarms. Therefore, false alarm rates acts as a restraining factor impacting the growth of the perimeter security market. Many small and medium businesses are reluctant to install perimeter security technologies, as a result of their unwillingness to incur additional costs for such high-end security solutions and due to their low budget limitations SMBs are reluctant to deploy these solutions.
This comprehensive coverage of the Perimeter Intrusion Detection Systems market provides important inputs, such as drivers, restraints, and opportunities in this market. It also profiles the major market players, maps the competitive landscape, and provides the overall perspective on the market in the various verticals and regions.