India Perimeter Intrusion Detection and Prevention Market Research Size will touch USD 655.37 Million at a 11.26% CAGR by 2030
Market Analysis
The India Perimeter Intrusion Detection and Prevention Market Research Size will touch USD 655.37 Million at a 11.26% CAGR in the forecast period 2021- 2030, as per the new Market Research Future (MRFR) analysis. Perimeter intrusion detection and prevention systems or IDS/IPS, simply put, are used for safeguarding the assets and infrastructure using advanced distributed sensing technology. This is used in external environment for detecting the presence of an intruder that attempt to breach a perimeter. Large businesses, factories, warehouses, and storage sites largely benefit from such systems. Flexibility of fitting, discreet monitoring, and prompt detection of unwanted intruders are the key perks that has led to the immense recognition of perimeter intrusion detection and prevention systems.
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Various factors are fuelling the global India Perimeter Intrusion Detection and Prevention Market Research Size growth. As per the recent MRFR market estimates, such factors include the advent of digitalization in India, increasing awareness about residential safety and security, different advantages like detecting intruders crossing the restricted arena, threats of cyber-attacks, increase in terrorist activities in various regions that has resulted the increasing use of such systems, and increase in data breaches. The additional factors adding market growth include the growing data protection laws and regulations, the growing demand for cloud-based solutions, increasing use during COVID-19 pandemic, & the increasing BYOD trend in different organizations.
On the contrary, the availability of open-source and free solutions and increasing concerns about false alarm rates (FAR) will impede the global India Perimeter Intrusion Detection and Prevention Market Research Size growth over the forecast period.
Key Players
The prominent players profiled in the India Perimeter Intrusion Detection and Prevention Market Research Size report include Avon Building Solutions Pvt Ltd (India), Southwest Microwave (U.S.), Advanced Perimeter Systems Limited (U.K), RBtec Perimeter Security Systems (U.S.), Athena Security Solutions India Pvt Ltd. (India), Optex Co.Ltd (Japan), Schneider Electric SE (France), Honeywell International Inc. (U.S.), Tyco International Plc. (Ireland), FLIR Systems Inc. (U.S.), and Magal Security Systems Ltd. (Israel), among others.
Market Segmentation
The MRFR report throws light on an inclusive segmental analysis of the India Perimeter Intrusion Detection and Prevention Market Research Size based on vertical, deployment, type, usage place, and component.
By component, the India Perimeter Intrusion Detection and Prevention Market Research Size Size is segmented into services, software, and hardware. Of these, the hardware segment will lead the market over the forecast period while the software segment will grow at a high CAGR.
The India Perimeter Intrusion Detection and Prevention Market Research Size Size by usage place is segmented into fence mounted systems, buried, and open place. Of these, the fence mounted systems will dominate the market over the forecast period and at a high CAGR.
By type, the India Perimeter Intrusion Detection and Prevention Market Research Size Size is segmented into wireless network, wired network, and host-based. Of these, the wired network will spearhead the market over the forecast period while the host-based network will grow at a high CAGR.
By deployment, the India Perimeter Intrusion Detection and Prevention Market Research Size Size is segmented into on-premise & on-cloud. Of these, the on-premise segment will have the lions share in the market over the forecast period while on-cloud segment will grow at a high CAGR.
By vertical, the India Perimeter Intrusion Detection and Prevention Market Research Size Size is segmented into military and defense, commercial, industrial, transportation, government, aerospace, and others. Among these, the military and defense segment will rule the market over the forecast period at a high CAGR.
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Regional Analysis
Geographically, the India Perimeter Intrusion Detection and Prevention Market Research Size is segmented into South, North, West, and East India. Of these, North India will head the market over the forecast period. It is likely to develop at a 12% CAGR by 2023. The presence of leading industries, rising adoption of perimeter intrusion detection and prevention systems, support from government bodies, several mergers and acquisition activities, & rise of technology start-ups are adding to the global India Perimeter Intrusion Detection and Prevention Market Research Size growth in the region. Recently, INR 1.48 billion has been sanctioned by the Indian Defense Ministry to strengthen the perimeter in North East, Jammu and Kashmir, and other vulnerable areas to bridge the security gaps.
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