PUBLISHER: The Business Research Company | PRODUCT CODE: 1503872
PUBLISHER: The Business Research Company | PRODUCT CODE: 1503872
A perimeter intrusion prevention system (PIPS) serves as a comprehensive security solution aimed at detecting, deterring, and mitigating unauthorized access or breaches along the perimeter of a secured area. It reinforces the outer boundaries of a facility or property, thereby enhancing overall security and reducing the risk of unauthorized access or security breaches.
The primary types of perimeter intrusion prevention systems include access control systems, alarms and notification systems, surveillance systems, and others. Access control systems manage and restrict entry to designated areas through the use of keypads, biometric scanners, or smart cards. The products involved encompass hardware devices and software services utilized across various sectors such as military and defense, government, transportation, and other applications.
The perimeter intrusion prevention system market research report is one of a series of new reports from The Business Research Company that provides perimeter intrusion prevention system market statistics, including perimeter intrusion prevention system industry global market size, regional shares, competitors with perimeter intrusion prevention system market share, detailed perimeter intrusion prevention system market segments, market trends, and opportunities, and any further data you may need to thrive in the perimeter intrusion prevention system industry. This perimeter intrusion prevention system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
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 observed during the historic period can be attributed to several factors, including economic inequality, societal marginalization, inadequate law enforcement, limited access to education and employment opportunities, and increasing 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 anticipated growth in the forecast period can be attributed to several factors, including 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 expected during 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.
The increase in criminal activities is poised to drive the expansion of the perimeter intrusion prevention system market in the foreseeable future. Criminal activities encompass a wide range of illegal behaviors such as theft, fraud, and other offenses that violate established laws, regulations, or societal norms. This surge in criminal activities is attributed to factors such as economic inequality, limited access to education and employment opportunities, social marginalization, and inadequate law enforcement. Perimeter intrusion prevention systems are deployed to both deter and detect unauthorized access to secure areas, serving as a crucial defense against potential terrorist infiltration and attacks. For example, according to the Office for National Statistics, UK police recorded an 11% rise in robberies in October 2023, reaching 77,337 incidents compared to 69,432 incidents in 2022. Consequently, the surge in criminal activities is fueling the growth of the perimeter intrusion prevention system market.
Key players in the perimeter intrusion prevention system market are developing advanced solutions capable of detecting both known and unknown (zero-day) attacks across operational technology (OT) environments to bolster their competitiveness in the industry. These solutions leverage sophisticated anomaly detection algorithms and real-time threat intelligence integration to ensure comprehensive threat identification and mitigation. For instance, in January 2022, Honeywell International Inc. collaborated with Acalvio Technologies to introduce the Honeywell Threat Defense Platform (HTDP), a new solution tailored to detect both known and unknown (zero-day) attacks across operational technology (OT) environments in commercial buildings. The HTDP employs advanced, proactive defense strategies, including autonomous deception tactics, to outmaneuver attackers and deliver precise threat detection.
In May 2023, Vitaprotech acquired Harper Chalice, a UK-based provider of perimeter intrusion prevention systems, to bolster its global presence and market position. Through this acquisition, Harper Chalice stands to benefit from Vitaprotech's support in terms of financial, sales, and marketing resources.
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 Sicherheitssysteme GmbH, Senstar Technologies Corporation, Frontline Security Solutions Ltd., Zaun Ltd., SightLogix Inc., Future Fibre 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
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.
The countries covered in the perimeter intrusion prevention system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The perimeter intrusion prevention system market consists of revenues earned by entities by providing services such as consulting services, training programs, educational resources, installation services, and enhanced security services. The market value includes the value of related goods sold by the service provider or included within the service offering. The perimeter intrusion prevention system market also includes sales of sensors, alarms, surveillance cameras, and access control systems. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Perimeter Intrusion Prevention System Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on perimeter intrusion prevention system market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for perimeter intrusion prevention system ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The perimeter intrusion prevention system market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.