India Perimeter Intrusion Detection & Prevention Market Analysis:
India 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. Various factors are fuelling the India perimeter intrusion detection and prevention market 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.
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Key Players:
The prominent players profiled in the India perimeter intrusion detection and prevention market 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 Size and Growth:
India Perimeter Intrusion Detection and Prevention Market Size was valued at USD 0.3 Billion in 2022. The India Perimeter Intrusion Detection and Prevention Market industry is projected to grow from USD 0.33 Billion in 2023 to USD 0.78 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 11.26% during the forecast period (2024 - 2032). 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 growth over the forecast period.
Market Segmentation:
The MRFR report throws light on an inclusive segmental analysis of the India perimeter intrusion detection and prevention market based on vertical, deployment, type, usage place, and component.
By component, the India perimeter intrusion detection & prevention market 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 & prevention market 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 & prevention market 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 & prevention market 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 & prevention market 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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