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Perimeter Security Market Expected To Grow Significantly

Apr 19, 2016

This post is also available in: עברית (Hebrew)

A new global forecast predicts that the market for perimeter intrusion detection systems will grow from its $2.36bn last year to $3.37bn by 2020, or an annual growth rate of %7.4. The drivers behind this grow will be a significant rise in government investment in the sector due to the need to reduce personnel costs while at the same time maintaining and increasing security due to the growing threat of terrorism.

“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.”

The North American region is expected to maintain its maximum share of the global perimeter intrusion detection systems market due to increasing threats on the continent from factors such as illegal immigration flowing northward, anti-government protests, terrorism, and an increase in criminal activity, says the reports.

Perimeter security is a growing need in a diverse set of industries, from Research and Markets. These include transportation, aviation, critical infrastructures (such as power generation facilities, water treatment and distribution plants, etc.), commercial buildings, government and defence complexes, and more.

The use of microwave intrusion detection sensors is expected to grow and “gain maximum transaction during the forecast period.”

Protecting and securing sensitive sites against a variety of threats will necessitate multi-layered approaches that will include next-generation fence-mounted sensors, infrared monitoring sensors, video analytics algorithms and the video sources to feed into them, smart weapons and explosives detection systems, as well as a host of smart response mechanisms to prioritise and control limited responder teams across large areas.