Intelligent Fencing Market Current Scenario Trends, Comprehensive Analysis and Regional Forecast 2022 to 2032

 Demand for intelligent fencing is expected to be worth US$ 589.0 million globally in 2022 and is projected to increase at a CAGR of 6.4% to US$ 1,100.0 million globally from 2022 to 2032. The increase in security and safety concerns is blamed for growth.

To detect and stop perimeter intrusion, intelligent fencing is an electric fence security system attached to the property’s existing perimeter wall or fence. The first line of defence against unauthorised access is intelligent fencing, which creates a physical barrier that extends the time between intrusion and response to alarm or alert messages.

Get a Sample PDF of the Report @
https://www.futuremarketinsights.com/reports/sample/rep-gb-6036

Intelligent Fencing Market: Drivers and Restraints 

Drivers

The rise in safety and security concerns and spending carried out for the commercial and government constructions are expected to spur the market growth in near future. Also, various advantages of intelligent fencing over alarm system and CCTV surveillance are fueling the growth of intelligent fencing market. Moreover, intelligent fencing market is witnessing the high growth due to the increase in government spending for enhancing public places, and government premises.

Restraints

The critical challenge in the Intelligent Fencing market is the vulnerability to cyber-attacks. Also, the device and system compatibility is also a major challenge which may hamper the growth of Intelligent Fencing market. Moreover, the high cost of intelligent fencing is also one of the major factors which may hinder the growth of the intelligent fencing market.

Intelligent fencing is an electric fence security system that is attached to existing perimeter wall or fence of the property to detect and prevent intrusion into the perimeter. Intelligent fencing is the first line of defense against unauthorized access, and it provides the physical barrier that delays the intrusion time, thus giving more time to respond to alarm/alert message.

Intelligent fencing is widely used to isolate and protect public and private places such as airports, military bases, and power stations against unauthorized accesses.

Market Competition

Some of the key participants present in the global Intelligent Fencing market include SensorTec, Gallagher Group, Tru-test Group, Smart Fence integrated Security, Betafence NV, Long Fence, CertainTeed, ST Microelectronics, and NXP semiconductors, among others.

Attributed to the presence of such high number of participants, the market is highly competitive. While global players such as SensorTec, Gallagher Group, Tru-test Group, and Smart Fence integrated Security account for a considerable market size, several regional level players are also operating across key growth regions, particularly in North America.

Recent Development:

  • In June 2020, Under the National Agriculture Development Scheme, the INR 3 crore were allocated to encourage the use of solar electric fence system for farmlands in Tamil Nadu.
  • In September 2019, Parker McCrory Mfg. Co launched Model MAG-12-U.O. and MAG-12-SP Model of electric fencing chargers. It can pass electricity of twelve volts for medium to large pastures. They possess low impedance and will shock through weeds and brush and are ideal for cattle, sheep, and deer, etc. The MAG-12-U.O. (solar powered) and MAG-12-SP are used for fencing large animals and larger pastures.
  • In July 2019, Senstar Corporation has published a case study about intelligent lighting systems and LM100 hybrid perimeter intrusion detection systems. These are used to provide electric fence security for U.S. electrical utility companies. The Senstar Corporation developed LED-based (LM100 hybrid perimeter) lighting, which acts as an initial deterrent if any unauthorized entrant attempts to break through the electric fencing sending an instant alert through a security management system.

Key Segments Profiled in the Intelligent Fencing Industry Survey

Intelligent Fencing Market By Product Type:

  • Cloud-Based Intelligent Fencing
  • On-Premise Intelligent Fencing

Intelligent Fencing Market By Application:

  • Intelligent Fencing for Commercial Use
  • Intelligent Fencing for Residential Use

Intelligent Fencing Market By Region:

  • North America Intelligent Fencing Market
  • Latin America Intelligent Fencing Market
  • Europe Intelligent Fencing Market
  • Asia Pacific Intelligent Fencing Market
  • Middle East and Africa Intelligent Fencing Market

Comments

Post a Comment

Popular posts from this blog

OTT Content Market Research Report 2022 to Global Forecast till 2032

 The global  OTT content market  is anticipated to reach a valuation of US$ 434.98 Bn by 2032, with the market expanding at a prolific CAGR of 17.4% from 2022 to 2032. Predicted to reach an estimated US$ 87.46 Bn in 2022, the target market is likely fueled by a notable surge in market penetration as well as escalating demand for subscription-based services in emerging economies. The heightened popularity of live streaming channels will further aid the growth of the OTT content market during the forecast period. The deep market penetration of 4G and rising 5G infrastructure development across the globe aids the market growth of OTT content. An upsurge in high-speed bandwidth- which is an important criteria for proper functioning OTT services- propels the target market growth. The widespread usage pf high speed internet and smartphones, at competitive prices, amplifies the demand for the OTT content market. The gradual preference for SVOD over conventional TV services will supplement thi
Read more

Digital Transformation in Healthcare Market Trends | Segmentation, Outlook, Industry Report to 2033

 The global  digital transformation in healthcare market  is valued at approximately USD 65.2 billion in 2023. It is anticipated to grow to about USD 253.6 billion by 2033, with a consistent annual growth rate of 14.5% from 2023 to 2033. As digital health platforms like telehealth, mobile health, and wireless technologies become more common in medical facilities and nursing homes, they are providing patients with immediate access to medical care. This has made digital health a widely recognized term in healthcare. The impact of digital technology on various sectors such as public, retail, banking, financial services, and insurance (BFSI), and production is tremendous, but it has evolved into a game-changing technology in the medical field as end users’ reliance on digital health platforms grows. Request for a Sample of this Research Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-708 The emergence of healthcare smartphone applications and incentive proposals by gover
Read more

Flame Arrestor Market 2023 Outlook, Current and Future Industry Landscape Analysis 2030

  The Flame Arrestor market is witnessing robust demand due to increased industrial safety regulations. Growing awareness of explosion prevention measures in various sectors, including oil and gas, chemicals, and manufacturing, is driving the adoption of flame arrestors. The market is poised for expansion as companies prioritize safety solutions to mitigate the risk of fire and explosions. Flame Arrestor Market size was valued at USD 923.8 million in 2022 and is expected to grow to USD 1540.4 million by 2030 and grow at a CAGR of 6.6% over the forecast period of 2023-2030. In today's fast-paced corporate world, where agility and intelligence define success, having a sophisticated understanding of market dynamics is critical. In this environment, our thoroughly prepared Flame Arrestor market research study shines as a beacon of unrivaled wisdom, guiding businesses to strategic brilliance. Our study, crafted with accuracy and predicated on thorough data analysis, doesn't just ski
Read more