Physical Intrusion Detection Systems Market to gain major investment from banking sector.

Press Release   •   Nov 01, 2016 06:22 EDT

The physical intrusion detection and prevention systems market was growing slowly and steadily until the 21st century. During the last decade, governments across the world have been taking a long and hard look at it due to international terrorism, unstoppable movement of refugees and rise in domestic crime.

Physical security can be explained as the measures put in place to restrict or deny illegal or unrestricted access to facilities, resources or even countries. Multiple systems of physical security like security guards, wireless intrusion detection system (or CCTV surveillance), physical intrusion prevention systems in the form of access control protocols, intrusion detection as well as intrusion alarm systems, etc., are the norm now.

Governments have stepped up their investments on the physical intrusion detection and prevention systems market in their respective countries. Various intrusion detection system technologies have been implemented in the necessary public and private places to increase security and calm.

One of the most important initial steps has been to beef up security and technology at airports. A number of intrusion alarm, wireless intrusion detection and screening technologies have been installed at various international and domestic airports.

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In addition to this, several physical intrusion detection systems were also installed to make sure that no stone was left unturned. Physical intrusion detection systems are used to monitor only the physical security component. For a long time, such physical security systems ended up being the major component of the country’s defense.

But in recent years, various intrusion detection systems like smart cards and biometrics have gained prominence. Through innovation in the Physical Intrusion Detection and Prevention Systems Market, these 2 systems provide the added advantage of not requiring a particular key or a card for appropriate access. The physical attributes of the individual determine whether access is granted or not. Biometric technologies like fingerprint and retinal scanning also constitute an important part of the physical intrusion prevention systems market.

While the private sector does provide significant revenues to the physical intrusion detection and prevention systems market, the government sector will continue to remain as the key driver for growth and expansion. The main reason for this is that various governments have already passed laws to make sure that a minimum level of intrusion detection systems are installed at critical sites and facilities. The 2nd biggest driver of growth in the Physical Intrusion Detection and Prevention Systems Market is due to the investments from the banking and financial sector.

As far as geographical regions are concerned, the North American market remains to as the highest contributor to the Physical Intrusion Detection and Prevention Systems Market. This is due to early adoption as well as a constant drive to improve technology for security purposes.

Some of the key players in the global Physical Intrusion Detection and Prevention Systems market are as follows:

  • Xtralis
  • Tyco
  • Senstar
  • Honeywell International
  • Flir Systems

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