Jun 9, 2023

News provided by Share this article Share this article NEW YORK, June 9, 2023 /PRNewswire/ -- The global threat detection systems market  size is estimated to increase by USD 94.14 billion from 2022 to 2027. The market's growth momentum will be progressing at a CAGR of 12.75% during the forecast period. Discover some insights on market size, historic period (2017 to 2021), and Forecast (2023 to 2027) before buying the full report -  Request a sample report Threat detection systems market – Vendor Analysis Vendor Landscape - Technavio has announced its latest market research report titled Global Threat Detection Systems Market 2023-2027 The global threat detection systems market is fragmented, with the presence of several global as well as regional vendors. A few prominent vendors that offer threat detection systems in the market are Alert Logic Inc., Amazon.com Inc., Axis Communications AB, ChemImage Corp., Chemring Group Plc, Corptz, Fortra LLC, Group IB Service Ltd, Honeywell International Inc., LogRhythm Inc., Mirion Technologies Inc., OSI Systems Inc., PerimeterX Inc., Safran SA, Smiths Group Plc, Stellar Cyber, Synapse Technology Corp., Teledyne Technologies Inc., Thales Group, and Vectra AI Inc. and others. The global threat detection systems market is highly competitive as well as fragmented. The market is characterized by the presence of numerous large and small vendors offering moderately differentiated solutions. The market is also characterized by the presence of small vendors, which offer products targeting the niche segment, and larger vendors offering multiple solutions to cater to different end-users. Since threat detection systems are very crucial for most end-users, buyers cannot influence pricing. However, owing to the availability of multiple products from different vendors and the option of customization, the buyers are able to bargain. What's New? - Special coverage on the Russia-Ukraine war; global inflation; recovery analysis from COVID-19; supply chain disruptions, global trade tensions; and risk of recession Global competitiveness and key competitor positions Market presence across multiple geographical footprints - Strong/Active/Niche/Trivial -  Buy the report! Vendor Offerings - Alert Logic Inc.: The company offers threat detection system solutions such as Amazon GuardDuty and AWS Security Hub. Amazon.com Inc.: The company offers threat detection system solutions such as Axis Intrusion protection. Axis Communications AB: The company offers threat detection system solutions such as JUNO point chemical detector, and PGR 1064 sensor. Threat Detection Systems Market - Segmentation Assessment Segment Overview Technavio has segmented the market based on application (defense, commercial, industrial, public infrastructure, and residential), and type (hardware, software, and services) The market share growth by the defense segment will be significant during the forecast period. Defense forces use complex and multi-layered threat detection and screening solutions to maintain top-level security, thereby allowing personnel to focus on important missions instead of securing their infrastructure. Hence, the increase in terrorist attacks and rising concerns regarding the safety of defense infrastructure are boosting the demand for security and threat detection solutions for defense applications. Geography Overview By geography, the global threat detection systems market is segmented into North America, Europe, APAC, Middle East and Africa, and South America. The report provides actionable insights and estimates the contribution of all regions to the growth of the global threat detection systems market. North America is estimated to contribute 37% to the growth of the global market during the forecast period. The presence of numerous vendors, coupled with the growing focus on R&D activities, especially technologies such as high-energy laser systems, which will make threat detection systems more reliable and efficient, will further boost the demand. Vendors are also using these technologies and launching new products. Additionally, growing terrorist activities and geopolitical issues are expected to increase the demand for threat detection systems. Public infrastructure is highly impacted by such activities and hence generates the highest demand for threat detection systems. As a result, the deployment of threat detection systems has increased in places such as airports and railways. For insights on global, regional, and country-level parameters with growth opportunities from 2017 to 2027 -  Download a Sample Report Threat Detection Systems Market – Market Dynamics Leading Drivers - The increasing number of terrorist activities is notably driving market growth. The rising number of terrorist attacks has necessitated the need for advanced security systems, which can help prevent such incidents. For instance, metal detectors can be used to identify bombs or guns that are being carried in public places. Similarly, an advanced radar system can be used to identify any threat entering the aerial boundaries of a region. The demand for such systems or devices, such as biometric systems, explosive detectors, and video surveillance systems, is also rising, which is expected to drive the global threat detection systems market during the forecast period. Key Trends - The use of emerging technologies for increasing efficiency is the key trend shaping the market. Threat detection systems are one of the most important components that are being used to detect threats, and different techniques are being utilized to develop efficient threat detection systems. Artificial intelligence (AI)-based techniques play a prominent role in the development of threat detection systems. Similarly, predictive analytics, a branch of advanced analytics, is being used to make predictions about unknown future events. Predictive analytics uses many techniques, from data mining, statistics, modeling, ML, and AI, to analyze current data to make predictions. With the use of such technologies, the system is capable of learning continuously from the outcomes and improving itself to be more efficient and effective. The use of such technologies is expected to rise in the future and proliferate the market. Major challenges - The high cost of threat detection systems is the major challenge impeding market growth. The cost of threat detection systems implementation varies depending on various factors, such as the level of integration, functionalities needed, and the number of devices that need to be connected. To make threat detection systems more seamless, a high level of integration is required, which, in turn, will increase the cost further. Moreover, the cost and time to build a connectivity model for every single device in the network and on the premises are crucial and also add up to the cost associated with threat detection systems. These additional expenses can be significant for regulatory authorities and should be factored into the budget. Overall, these factors increase the cost of threat detection systems, which will hinder the market growth during the forecast period. Drivers, Trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a  sample report! What are the key data covered in this Threat Detection Systems Market report? CAGR of the market during the forecast period Detailed information on factors that will drive the growth of the Threat Detection Systems Market between 2023 and 2027 Precise estimation of the size of the Threat Detection Systems Market size and its contribution to the market in focus on the parent market Accurate predictions about upcoming trends and changes in consumer behavior Growth of the Threat Detection Systems Market industry across North America, Europe, APAC, Middle East and Africa, and South America A thorough analysis of the market's competitive landscape and detailed information about vendors Comprehensive analysis of factors that will challenge the growth of Threat Detection Systems Market vendors Gain instant access to 17,000+ market research reports. Related Reports: The perimeter intrusion detection systems market share is expected to increase by USD 5.78 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 9.2%. Furthermore, this report extensively covers perimeter intrusion detection systems market segmentation by component (solutions and services) and geography (North America, Europe, APAC, Middle East and Africa, and South America). One of the key factors driving the global perimeter intrusion detection systems market growth is the need to mitigate criminal activities and prevent terrorist attacks. The endpoint detection and response market share is expected to increase by USD 1.06 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 10.09%. Furthermore, this report extensively covers market segmentations by deployment (on-premises and cloud-based), end-user (enterprises and individual customers), and geography (North America, Europe, APAC, Middle East and Africa, and South America). One of the key factors driving the market growth is the increasing adoption of cloud-based EDR solutions owing to the flexibility and cost benefits associated with cloud services. Threat Detection Systems Market Scope Report Coverage Key companies profiled Alert Logic Inc., Amazon.com Inc., Axis Communications AB, ChemImage Corp., Chemring Group Plc, Corptz, Fortra LLC, Group IB Service Ltd, Honeywell International Inc., LogRhythm Inc., Mirion Technologies Inc., OSI Systems Inc., PerimeterX Inc., Safran SA, Smiths Group Plc, Stellar Cyber, Synapse Technology Corp., Teledyne Technologies Inc., Thales Group, and Vectra AI Inc. Market dynamics Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period. Customization purview If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. Table of Content Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ billion) Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%) Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%) 4 Historic Market Size 4.1 Global threat detection systems market 2017 - 2021 Exhibit 18: Historic Market Size – Data Table on Global threat detection systems market 2017 - 2021 ($ billion) 4.2 Application Segment Analysis 2017 - 2021 Exhibit 19: Historic Market Size – Application Segment 2017 - 2021 ($ billion) 4.3 Type Segment Analysis 2017 - 2021 Exhibit 20: Historic Market Size – Type Segment 2017 - 2021 ($ billion) 4.4 Geography Segment Analysis 2017 - 2021 Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ billion) 4.5 Country Segment Analysis 2017 - 2021 Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ billion) 5 Five Forces Analysis Exhibit 33: Data Table on Comparison by Application 6.3 Defense - Market size and forecast 2022-2027 Exhibit 34: Chart on Defense - Market size and forecast 2022-2027 ($ billion) Exhibit 35: Data Table on Defense - Market size and forecast 2022-2027 ($ billion) Exhibit 36: Chart on Defense - Year-over-year growth 2022-2027 (%) Exhibit 37: Data Table on Defense - Year-over-year growth 2022-2027 (%) 6.4 Commercial - Market size and forecast 2022-2027 Exhibit 38: Chart on Commercial - Market size and forecast 2022-2027 ($ billion) Exhibit 39: Data Table on Commercial - Market size and forecast 2022-2027 ($ billion) Exhibit 40: Chart on Commercial - Year-over-year growth 2022-2027 (%) Exhibit 41: Data Table on Commercial - Year-over-year growth 2022-2027 (%) 6.5 Industrial - Market size and forecast 2022-2027 Exhibit 42: Chart on Industrial - Market size and forecast 2022-2027 ($ billion) Exhibit 43: Data Table on Industrial - Market size and forecast 2022-2027 ($ billion) Exhibit 44: Chart on Industrial - Year-over-year growth 2022-2027 (%) Exhibit 45: Data Table on Industrial - Year-over-year growth 2022-2027 (%) 6.6 Public infrastructure - Market size and forecast 2022-2027 Exhibit 46: Chart on Public infrastructure - Market size and forecast 2022-2027 ($ billion) Exhibit 47: Data Table on Public infrastructure - Market size and forecast 2022-2027 ($ billion) Exhibit 48: Chart on Public infrastructure - Year-over-year growth 2022-2027 (%) Exhibit 49: Data Table on Public infrastructure - Year-over-year growth 2022-2027 (%) 6.7 Residential - Market size and forecast 2022-2027 Exhibit 50: Chart on Residential - Market size and forecast 2022-2027 ($ billion) Exhibit 51: Data Table on Residential - Market size and forecast 2022-2027 ($ billion) Exhibit 52: Chart on Residential - Year-over-year growth 2022-2027 (%) Exhibit 53: Data Table on Residential - Year-over-year growth 2022-2027 (%) 6.8 Market opportunity by Application Exhibit 54: Market opportunity by Application ($ billion) 7 Market Segmentation by Type 7.1 Market segments Exhibit 58: Data Table on Comparison by Type 7.3 Hardware - Market size and forecast 2022-2027 Exhibit 59: Chart on Hardware - Market size and forecast 2022-2027 ($ billion) Exhibit 60: Data Table on Hardware - Market size and forecast 2022-2027 ($ billion) Exhibit 61: Chart on Hardware - Year-over-year growth 2022-2027 (%) Exhibit 62: Data Table on Hardware - Year-over-year growth 2022-2027 (%) 7.4 Software - Market size and forecast 2022-2027 Exhibit 63: Chart on Software - Market size and forecast 2022-2027 ($ billion) Exhibit 64: Data Table on Software - Market size and forecast 2022-2027 ($ billion) Exhibit 65: Chart on Software - Year-over-year growth 2022-2027 (%) Exhibit 66: Data Table on Software - Year-over-year growth 2022-2027 (%) 7.5 Services - Market size and forecast 2022-2027 Exhibit 67: Chart on Services - Market size and forecast 2022-2027 ($ billion) Exhibit 68: Data Table on Services - Market size and forecast 2022-2027 ($ billion) Exhibit 69: Chart on Services - Year-over-year growth 2022-2027 (%) Exhibit 70: Data Table on Services - Year-over-year growth 2022-2027 (%) 7.6 Market opportunity by Type Exhibit 71: Market opportunity by Type ($ billion) 8 Customer Landscape Exhibit 76: Data Table on Geographic comparison 9.3 North America - Market size and forecast 2022-2027 Exhibit 77: Chart on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 78: Data Table on North America - Market size and forecast 2022-2027 ($ billion) Exhibit 79: Chart on North America - Year-over-year growth 2022-2027 (%) Exhibit 80: Data Table on North America - Year-over-year growth 2022-2027 (%) 9.4 Europe - Market size and forecast 2022-2027 Exhibit 81: Chart on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 82: Data Table on Europe - Market size and forecast 2022-2027 ($ billion) Exhibit 83: Chart on Europe - Year-over-year growth 2022-2027 (%) Exhibit 84: Data Table on Europe - Year-over-year growth 2022-2027 (%) 9.5 APAC - Market size and forecast 2022-2027 Exhibit 85: Chart on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 86: Data Table on APAC - Market size and forecast 2022-2027 ($ billion) Exhibit 87: Chart on APAC - Year-over-year growth 2022-2027 (%) Exhibit 88: Data Table on APAC - Year-over-year growth 2022-2027 (%) 9.6 Middle East and Africa - Market size and forecast 2022-2027 Exhibit 89: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 90: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ billion) Exhibit 91: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%) Exhibit 92: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%) 9.7 South America - Market size and forecast 2022-2027 Exhibit 93: Chart on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 94: Data Table on South America - Market size and forecast 2022-2027 ($ billion) Exhibit 95: Chart on South America - Year-over-year growth 2022-2027 (%) Exhibit 96: Data Table on South America - Year-over-year growth 2022-2027 (%) 9.8 US - Market size and forecast 2022-2027 Exhibit 97: Chart on US - Market size and forecast 2022-2027 ($ billion) Exhibit 98: Data Table on US - Market size and forecast 2022-2027 ($ billion) Exhibit 99: Chart on US - Year-over-year growth 2022-2027 (%) Exhibit 100: Data Table on US - Year-over-year growth 2022-2027 (%) 9.9 Germany - Market size and forecast 2022-2027 Exhibit 101: Chart on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 102: Data Table on Germany - Market size and forecast 2022-2027 ($ billion) Exhibit 103: Chart on Germany - Year-over-year growth 2022-2027 (%) Exhibit 104: Data Table on Germany - Year-over-year growth 2022-2027 (%) 9.10 China - Market size and forecast 2022-2027 Exhibit 105: Chart on China - Market size and forecast 2022-2027 ($ billion) Exhibit 106: Data Table on China - Market size and forecast 2022-2027 ($ billion) Exhibit 107: Chart on China - Year-over-year growth 2022-2027 (%) Exhibit 108: Data Table on China - Year-over-year growth 2022-2027 (%) 9.11 UK - Market size and forecast 2022-2027 Exhibit 109: Chart on UK - Market size and forecast 2022-2027 ($ billion) Exhibit 110: Data Table on UK - Market size and forecast 2022-2027 ($ billion) Exhibit 111: Chart on UK - Year-over-year growth 2022-2027 (%) Exhibit 112: Data Table on UK - Year-over-year growth 2022-2027 (%) 9.12 Canada - Market size and forecast 2022-2027 Exhibit 113: Chart on Canada - Market size and forecast 2022-2027 ($ billion) Exhibit 114: Data Table on Canada - Market size and forecast 2022-2027 ($ billion) Exhibit 115: Chart on Canada - Year-over-year growth 2022-2027 (%) Exhibit 116: Data Table on Canada - Year-over-year growth 2022-2027 (%) 9.13 Market opportunity by geography Exhibit 117: Market opportunity by geography ($ billion) 10 Drivers, Challenges, and Trends 10.1 Market drivers About Us Technavio is a leading global technology research and advisory company. 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