April 09, 2020
As per the report titled ‘Intrusion Detection System / Intrusion Prevention System (IDS / IPS) Market Size By Component (Solution [Physical Appliances, Virtual Appliances], Service [Managed Service, Training and Consulting Service, Integration Service]), By Type (Network-based, Wireless-based, Host-based), By Deployment Model (On-Premise, Cloud, Hybrid), By Application (Aerospace and Defense, BFSI, Government, IT & Telecom, Healthcare, Transportation & Logistics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, South Korea, India, Singapore, Brazil, Mexico, Argentina, South Africa, UAE, Israel), Growth Potential, Competitive Market Share & Forecast, 2019 - 2025’, available with Market Study Report LLC, global intrusion detection system/ intrusion prevention system market to cross USD 8 billion by the year 2025.
Increasing digitalization, technological advancements, rising threat of data breaches, and rapid expansion of computer networks are driving the growth of global intrusion detection system/ intrusion prevention system (IDS/IPS) market. These systems allow administrators to monitor threats and their origins, while offering preventive measures to avoid any further attacks.
IDS/IPS solutions aid in protecting the integrity, confidentiality and availability of computer networks in an organization, preventing any unauthorized access and alteration of critical data. These factors coupled with growing number of computer networks and related applications are fueling the demand for IDS/IPS solutions.
Surging demand for advanced solutions such as robotics in the manufacturing sector, smart cities, and connected & autonomous automotive industry has led to increased internet connectivity and information exchange. This further pose a threat of malwares, thereby augmenting the market outlook.
In terms of component, services segment is expected to witness an accelerated demand for managed services, training and consulting services, and integration services as these services collectively ensure protection from the ever-evolving cyber threats. Regular maintenance and updates features are boosting service preference. These services enable enterprises to integrate their software in the multi-vendor environment, and aid in updating, consolidating, and building dynamic systems to prevent intrusion.
Elaborating on the type, wireless-based IDS/IPS systems presently hold a significant market share. Conventional wireless network systems have advantages including easy installation and maintenance but pose a high security risk to WLANs (wireless local area networks). These networks are susceptible to various security threats such as misconfigured WAP, session hijacking, and Denial of Service (DoS), hence prompting enterprises to adopt wireless based IDS/IPS solutions to ward off the potential threats.
Based on the deployment model, hybrid IDS/IPS market is anticipated to expand with 15% CAGR over the forecast timeline. Growing concerns over increasing intrusions due to scattered nature of public and private cloud infrastructure is stimulating the demand for hybrid IDS/IPS solutions. Complete visibility through integration of various security features such as vulnerability scanning, detection log management, asset monitoring, behavior monitoring, and continuous threat intelligence is favoring the product adoption.
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Speaking of the application spectrum, healthcare segment is presumed to record a strong growth during the study period. Need to maintain confidentiality of critical patient data coupled with rising adoption of internet-based consulting and multi-cloud SaaS & IaaS environment are augmenting the demand for IDS/IPS healthcare solutions.
Considering the geographical landscape, Asia Pacific IDS/IPS market is projected to grow with 17% CAGR through 2025, owing to rising disposable income, developing economy, high theft rate, and increasing government regulations towards security. Sustaining investments in IT infrastructure security and adoption of scalable and cost-efficient cloud- solutions are further enhancing the regional market growth.
Major players of intrusion detection system/ intrusion prevention system market are Cisco, IBM, Corero, Dell, Juniper Networks, Check Point, Extreme Networks, McAfee, HP, Huawei, Trend Micro, and Symantec Corporation.
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