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London, United Kingdom, 2010/06/30 - Throughout the world, the awareness of the reliability and affordability of perimeter protection systems has been fuelled by growing risks facing the critical infrastructure sector and rising costs associated with manned guarding services.
This awareness has successfully paved the way to the adoption of Perimeter Intrusion Detection Systems (PIDS).
New analysis from Frost & Sullivan (autoid.frost.com), Opportunities in the World Perimeter Intrusion Detection Systems Market, finds that the market earned revenues of $230.4 million in 2009, and estimates this to reach $338.4 million by 2016. Growing demand within developing countries to secure critical infrastructures is expected to lead to the increased adoption worldwide of PIDS via medium- to small-sized commercial applications in the next few years.
Although the economic recession and lack of regulations initially subdued the widescale spread of PIDS, it is expected that the market will witness a sound increase in its revenues from 2013 onwards. This boost is anticipated to result from technological breakthroughs and improvements in perimeter detection capabilities – improvements which are designed to reduce false alarms and secure the probability of detection.
End users are increasingly lured by the layered approach of combining multiple sensor technologies; for example, combining fences with buried or free-standing sensors and video. This approach complements the various technologies and helps overcome operational challenges.
"Performance improvements in terms of advanced sensing techniques and growing integration with other sensor technologies and video surveillance are expected to increase awareness and position PIDS as reliable systems," says Frost & Sullivan Senior Research Analyst Archana Rao. "For widespread adoption, vendors will have to sign strategic technology and business partnerships to complement offerings and educate the market as a whole on the need to secure the first line of defence."
If you are interested in receiving a complimentary Executive Summary of this study, please send an email to Joanna Lewandowska, Corporate Communications, at joanna.lewandowska[.]frost.com, with your full name, company name, title, and contact details.
Opportunities in the World Perimeter Intrusion Detection Systems Market is part of the Automatic Identification & Security Growth Partnership Services programme, which also includes research in the following markets: Opportunities in the World Mobile Video Surveillance Market, Analysis of Video Analytics Applications in the EMEA Market, European Video Surveillance Cameras Market and European Security Convergence Market. All research services included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best-practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.
Opportunities in the World Perimeter Intrusion Detection Systems Market / M559