India Perimeter Intrusion Detection and Prevention Market 2021 Industry Scenario, Strategies, Growth Factors and Forecast to 2030 | Says Kenneth Research

In a recent published report, Kenneth Research has updated the market report for India Perimeter Intrusion Detection and Prevention Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for India Perimeter Intrusion Detection and Prevention Market products.

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The India Perimeter Intrusion Detection and Prevention Market is estimated to record a significant growth throughout the forecast period. The ICT sector constitutes 4.8% of the European economy. Europe’s organization ERDF i.e. European Regional Development Fund has allotted approximately USD 23 billion for investments related to ICT during the funding period 2014-2020. ICT refers to the communication technologies including the internet, wireless networks, social networking, cell phones, video-conferencing, computers, software, and other media applications and services enabling users to access, retrieve, and manipulate information in a digital form.

Perimeter Intrusion Detection and Prevention Systems (IDS/IPS) are basically used to safeguard the infrastructure and assets using advanced distributed sensing technology. It is used in an external environment to detect the presence of an intruder attempting to breach a perimeter. With the advent of digitalization in India, the perimeter intrusion detection and prevention systems market has witnessed significant changes. Increasing awareness regarding the residential safety and security offers various benefits like detection of intruders crossing the restricted arena. Increasing threat of cyber-attacks are some of the major driving factors for the India perimeter intrusion detection and prevention systems market.

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India perimeter intrusion detection & prevention systems market is expected to grow at 10.58% CAGR during the forecast period, 2017-2023. There has been a significant increase in the terrorist activities in various regions of the country which has led to the higher deployment of perimeter intrusion detection & prevention systems. Thus, the Open Area perimeter intrusion detection & prevention systems in the region have become lucrative for the various manufacturing firms that provide perimeter intrusion detection & prevention system services. The rise in stringent government regulations in the perimeter intrusion detection systems increase the efficiency of the products from perimeter security to video surveillance.

Key Findings

The India Perimeter Intrusion Detection & Prevention market is expected to reach USD 339.3 million by 2023 with CAGR of 10.6%.By component, the market was dominated by hardware in 2017. The software component is expected to show the highest growth rate.By usage place, the market was dominated by fence mounted systems in 2017 and is expected to show the highest CAGR.By type, the market was dominated by wired network based in 2017. The host-based network is expected to show the highest CAGR.By deployment, the market was dominated by on-premise in 2017. On-cloud based deployment is expected to show the highest CAGR.By vertical, the market was dominated by military & defense in 2017 and is expected to show the highest CAGRGeographically, North India was dominating the market in 2017 and is expected to show the highest growth rate

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Segmentation

The India Perimeter Intrusion Detection & Prevention market is classified into component, usage place, type, deployment, vertical, and region.On the basis of component, the market is further classified into hardware, software and services.On the basis of usage place, the market is further classified into open place, buried and fence mounted systems.On the basis of type the market is further classified into host-based, wired network and wireless network.On the basis of deployment, the market is further classified into on-cloud and on-premise.On the basis of vertical, the market is further segmented into aerospace, government, transportation, industrial, commercial, military & defense, and many others.The India Perimeter Intrusion Detection & Prevention market is studied for North, South, East and West India.

Regional Analysis

North India dominates the India Perimeter Intrusion Detection & Prevention market with market share of USD 54.8 million in 2017 with highest CAGR 12% through the forecast period. The presence of major industries, wide adoption of perimeter intrusion detection and prevention systems are promoting the market growth. The support from government bodies, various mergers and acquisition activities and the rise of technology start-ups are the major reasons for this steep growth in the region. In recent times, the Indian Defense Ministry has sanctioned INR 1.48 billion for strengthening the perimeter in Jammu and Kashmir, North East, and several other vulnerable areas to bridge the security gaps.

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Key Players

The key players in the area of India Perimeter Intrusion Detection & Prevention market are Magal Security Systems Ltd. (Israel), FLIR Systems Inc. (U.S.), Tyco International Plc. (Ireland), Honeywell International Inc. (U.S.), Schneider Electric SE (France), Optex Co.Ltd (Japan), Athena Security Solutions India Pvt Ltd. (India), RBtec Perimeter Security Systems (U.S.), Advanced Perimeter Systems Limited (U.K), Southwest Microwave (U.S.), Avon Building Solutions Pvt Ltd (India).

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Kenneth Research provides market research reports to different individuals, industries, associations and organizations with an aim of helping them to take prominent decisions. Our research library comprises of more than 10,000 research reports provided by more than 15 market research publishers across different industries. Our collection of market research solutions covers both macro level as well as micro level categories with relevant and suitable market research titles. As a global market research reselling firm, Kenneth Research provides significant analysis on various markets with pure business intelligence and consulting services on different industries across the globe. In addition to that, our internal research team always keep a track on the international and domestic market for any economic changes impacting the products’ demand, growth and opportunities for new and existing players.

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