Need for Customized Perimeter Security Solutions Spurring Growth in the Global Perimeter Intrusion Prevention Systems Market: Technavio Report

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  • The key vendors in the Global Perimeter Intrusion Prevention Systems Market 2014-2018 are AXIS Communication Inc., Bosch Security Systems Inc., Honeywell Security Group Inc. and NICE Systems Inc.

London, 02 December 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Perimeter Intrusion Prevention Systems Market 2014-2018.   Increased investments in R&D are one of the major trends driving the market at a different pace. Most enterprises are placing emphasis on R&D investments as this makes innovative products marketable. Developing technologically advanced security solutions is of immense importance for vendors to maintain their position in the competitive environment. Hence, companies are increasing their investments in R&D to develop advanced security products. The Global Perimeter Intrusion Prevention Systems market is expected to grow at a CAGR of 9.1 percent during the forecast period of 2013-2018.

“The products and solutions are designed to fulfil the specific wishes and needs of every business operation, organization, and country,” says Faisal Ghaus, Vice President of TechNavio Research.

“Customized solutions are important in smaller installations because user-friendliness and cost are necessary traits.”

To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance. 

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