India Perimeter Intrusion Detection & Prevention Market Research Report, by Component (Hardware, Software, Services), usage place (open area, buried, fence mounted), type (host-based, wired), deployment (on-cloud, on-premise), vertical (aerospace) - Forecast till 2023
Market Synopsis
India perimeter intrusion detection & prevention systems market is anticipated to reach USD 339.3 million by 2023, and grow at 10.58% CAGR during the forecast period, 2017-2023.
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Market Highlights
The advent of digitalisation in India has seen significant changes in the perimeter intrusion detection and prevention systems market. Increasing awareness about residential safety and security offers various advantages such as detecting intruders crossing the restricted arena. Some of the significant driving factors for the Indian perimeter intrusion detection and prevention systems market are increasing threats of cyber-attacks. The number of terrorist activities in different regions of the country has grown significantly, leading to a greater deployment of perimeter intrusion detection and prevention systems. Thus, the region's perimeter intrusion detection and prevention systems in the Open Area have become lucrative for the various manufacturing companies that provide perimeter intrusion detection and system prevention services. The rise of strict government regulations in perimeter intrusion detection systems increases product efficiency from perimeter safety to video surveillance. Several hacking incidents have been recorded in recent years, and the penetration of smartphones and other mobile devices is gaining momentum. Recent cases of data loss such as the Facebook data breach case and Lexis-Nexis have encouraged the use of systems for intrusion detection and prevention. The attackers deploy malware which targets memory or ransomware functions to prolong the attack. By warning the company concerned, the intrusion detection and prevention program helps to minimize the risks associated with intruders.
Market Segmentation
The market is further classified by component into hardware, software, and services. In 2017 the market was dominated by hardware by component. It is expected that the Software component will show the highest growth rate.
The market is further divided into open place, buried and fence-mounted systems depending on the place of use. By place of use, fence mounted systems dominated the market in 2017 and are expected to display the highest CAGR.
The market is further categorized by form into the host-based, wired and wireless networks. The market is further classified by component into hardware, software, and services. In 2017 the market was dominated by hardware by component. It is expected that the Software component will show the highest growth rate.
The market is further divided into open place, buried and fence-mounted systems depending on the place of use. By place of use, fence mounted systems dominated the market in 2017 and are expected to display the highest CAGR.
The market is further categorized by form into the host-based, wired and wireless networks.
Regional Overview
With a market share of USD 54.8 million in 2017, North India leads the Indian Perimeter Intrusion Detection & Prevention market with the highest CAGR 12 percent over the forecast period. Promoting market growth is the presence of major industries, wide adoption of perimeter intrusion detection systems, and prevention systems. The main reasons for this steep growth in the region are the support from government bodies, various mergers and acquisition activities and the rise of technology startups. The Indian Defense Ministry recently approved INR 1.48 billion to strengthen the perimeter in Jammu and Kashmir, Northeast, and many other vulnerable areas to bridge the security gaps.
Key Players
The key players in the India Perimeter Intrusion Detection & Prevention market are Tyco International Plc. (Ireland), FLIR Systems Inc. (U.S.), Magal Security Systems Ltd. (Israel), Honeywell International Inc. (U.S.), Schneider Electric SE (France), Athena Security Solutions India Pvt Ltd. (India), Optex Co.Ltd (Japan), RBtec Perimeter Security Systems (U.S.), Southwest Microwave (U.S.), Advanced Perimeter Systems Limited (U.K), Avon Building Solutions Pvt Ltd (India).
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It includes the size, share, growth, trends, key players, segments and regional analysis in detail during the study year 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the perimeter security market include Dahua Technology Co., Ltd., Hangzhou Hikvision Digital Technology Co., Ltd., Axis Communications AB, Bosch Security Systems, Honeywell International Inc., Southwest Microwave, Inc., Johnson Controls International plc, CIAS Elettronica, Senstar Corporation, PureTech Systems, Inc.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Perimeter Security Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/perimeter-security-market/download-sampleMarket Dynamicsarket dynamics The rapidly growing issues of perimeter intrusion, resulting in data theft and property damage are assumed to be a basic driving force for the growth of the perimeter security market.
According to segmentation analysis, the global security system division is based on component, vertical, and geography.
Nowadays, terrorism activities are increasing rapidly that creates the demand for perimeter security systems and this will certainly stimulate market growth.
Implementation of security systems in necessitous areas due to government support and technological advancements in the automation field will further boost the growth of the perimeter security market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
The global perimeter protection market is expected to exhibit a strong 13.46% CAGR over the forecast period from 2019 to 2025, according to the latest research report from Market Research Future (MRFR).
This provides a foundation for accurate, reliable forecasts about the market’s growth trajectory over the forecast period from 2019 to 2025.
The competitive landscape of the global perimeter protection market is also explained in great detail in the report through detailed profiles of the major players operating in the market.
The report also examines the impact of the COVID-19 pandemic on the global perimeter protection market.Perimeter protection has become a major industry in recent years due to the growing threat of attacks and theft for commercial and governmental entities.
The increasing sophistication in cross-border infiltration and increasing geopolitical threats have driven the demand for effective perimeter protection and are likely to remain a major driver for the market over the forecast period.
The increasing threat of data theft has led to commercial bodies investing heavily in perimeter protection systems in the last few years.
