Growth Drivers
Challenges
Regionally, the global perimeter intrusion detection systems market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in the Asia Pacific is anticipated to hold the largest market revenue of USD 24613.8 Million by the end of 2030, up from a revenue of USD 10649.9 Million in the year 2020. Moreover, the market in the region is expected to grow with a CAGR of 8.7% during the forecast period. One of the major factors anticipated to drive the growth of the market in the region is the growing focus of the government of the nations in the region, especially China, in increasing the perimeter security of different areas. China is also known to have the heaviest CCTV surveillance amongst all other countries globally. The country registered a share of close to 55% of the total number of CCTV surveillance cameras installed worldwide. Besides this, cities, such as Taiyuan, Wuxi, Changsha, and Beijing among others, were registered in the top 20 most surveilled cities around the globe, recording close to 120 cameras (per 1000 people), 90 cameras, 55 cameras, and 50 cameras respectively.
The market in the region is further divided by countries into Australia, Japan, Singapore, South Korea, China, India, and the Rest of Asia Pacific. Out of these, the market in China is anticipated to generate the largest revenue of USD 11637.4 Million by the end of 2030, by growing with the second-highest CAGR of 8.8% during the forecast period.
The study further incorporates Y-O-Y Growth, market opportunities, demand & supply and forecast future opportunity in North America (United States, Canada, Mexico), South America, Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).
Base Year |
2024 |
Forecast Year |
2025-2037 |
CAGR |
14.3% |
Base Year Market Size (2024) |
USD 15.56 billion |
Forecast Year Market Size (2037) |
USD 88.43 billion |
Regional Scope |
|
Author Credits: Abhishek Verma
Copyright © 2024 Research Nester. All Rights Reserved
FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.
Have questions before ordering this report?