Cloud Based IDS/IPS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Solution Type (Signature-based Detection, Anomaly-based Detection, and Others), By Service (Training and Consulting, Integration, and Support and Maintenance), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small and Medium-sized Enterprises, and Larg
Published Date: November - 2024 | Publisher: MIR | No of Pages: 320 | Industry: ICT | Format: Report available in PDF / Excel Format
View Details Buy Now 2890 Download Sample Ask for Discount Request CustomizationCloud Based IDS/IPS Market - Global Industry Size, Share, Trends, Opportunity, and Forecast Segmented By Solution Type (Signature-based Detection, Anomaly-based Detection, and Others), By Service (Training and Consulting, Integration, and Support and Maintenance), By Deployment Model (Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small and Medium-sized Enterprises, and Larg
| Forecast Period | 2025-2029 |
| Market Size (2023) | USD 5.11 billion |
| CAGR (2024-2029) | 6.64% |
| Fastest Growing Segment | Large Enterprises |
| Largest Market | North America |
Market Overview
Global Cloud Based IDS/IPS Market was valued at USD 5.11 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.64% through 2029. Cloud Intrusion Detection System / Intrusion Prevention System are methodology used to escalate the security level of networks, by reviewing and scanning packets for suspicious data and monitoring traffic. The Companies are adopting cloud IDS / IPS devices to monitor their system and user activities, analyse system vulnerabilities and configurations, and assess file and system track and integrity user policy violations.
These companies are spending in R&D to enhance the efficacy of these systems for transforming their businesses and mitigating cyber threats. Many financial institutions, government agencies, healthcare and IT & telecom are spending in the cloud IDS / IPS applications with the cybersecurity expenditure estimated to exceed USD 1 trillion during 2024-2029.
Key Market Drivers
The instances of huge cyberattacks have been witnessing the growth globally. It entails the intentional use of the internet to launch attacks against endpoints, networks, data, IT infrastructures, etc., resulting in losses for businesses, governments, and individuals. Additionally, there have been more digital transactions, which has increased the frequency of cybercrimes. As a result, the market demand for intrusion detection & prevention systems market is expected to increase during the forecast years, being driven by the rising number of data breaches and data leakages.
Adoption of Cloud Computing is growing
Every IT business prefers cloud computing as their network and server solution since it offers users flexible, pay-per-use services. Due to the open, distributed, and intrusive nature of the cloud, security and privacy are a significant barrier. The most widely used system for identifying attacks on the cloud is the intrusion detection system (IDS). With so many businesses investing in cloud services, it is believed that this will bring about a revolutionary change in the data field. The market is also expected to boost by the growing adoption of IDS and IPS systems in these companies for data protection and privacy.
The growing threat of malware has the potential to affect system performance and bring about the organization's demise. The regular operation of various organisations is still severely hampered by hostile attacks.
The adoption of intrusion detection and prevention systems, which can assist to block suspicious and malicious connections and attacks on financial institutions, is predicted to increase as a result of the growing requirement for integrity and safety of personal information in numerous financial organisations. Financial institutions can lock their internal networking system and control access to multiple networks, ensuring security.
Key Market Challenges
The Cloud-based Intrusion Detection System (IDS) and Intrusion Prevention System (IPS) market present a promising landscape for cybersecurity solutions, but it is not devoid of challenges. As businesses increasingly adopt cloud technologies, the demand for effective cloud-based security measures rises. However, several hurdles must be addressed to realize the full potential of Cloud-based IDS/IPS solutions.
One significant challenge facing the Cloud-based IDS/IPS market is security and privacy concerns. While cloud environments offer numerous benefits, such as scalability and flexibility, they also introduce new security risks. Organizations must entrust their sensitive data and critical infrastructure to third-party cloud service providers, raising concerns about data breaches, unauthorized access, and compliance with data protection regulations like GDPR and CCPA. Cloud-based IDS/IPS solutions must demonstrate robust security measures, including encryption, access controls, and threat intelligence, to instill confidence in customers and address these concerns effectively.
Another challenge is integration complexity. Many organizations operate in hybrid or multi-cloud environments, combining on-premises infrastructure with public and private cloud platforms. Integrating Cloud-based IDS/IPS solutions with existing security tools and cloud-native services can be complex and time-consuming, requiring seamless interoperability and compatibility across disparate systems. Additionally, organizations may face challenges in managing security policies consistently across hybrid environments, leading to gaps or inconsistencies in threat detection and prevention.
The performance and scalability of Cloud-based IDS/IPS solutions are also critical challenges. As network traffic volumes continue to grow exponentially, particularly with the proliferation of IoT devices and remote work, Cloud-based IDS/IPS solutions must scale dynamically to handle the increased workload without compromising performance or introducing latency. Ensuring that IDS/IPS solutions can effectively analyze and respond to high-speed network traffic in real-time is essential for maintaining security posture in cloud environments.
Interoperability and vendor lock-in pose additional challenges for organizations adopting Cloud-based IDS/IPS solutions. Many vendors offer proprietary solutions with limited interoperability, making it difficult for organizations to integrate multiple security tools and platforms seamlessly. Vendor lock-in can also limit organizations' flexibility and agility, as switching to alternative solutions may require significant time, effort, and resources. Standards-based approaches and open APIs can help mitigate these challenges by enabling interoperability and vendor-agnostic integration across heterogeneous environments.
Lastly, cost considerations can influence organizations' decisions regarding Cloud-based IDS/IPS solutions. While cloud-based deployments offer potential cost savings compared to traditional on-premises solutions, they also incur ongoing operational expenses, such as subscription fees, bandwidth charges, and data storage costs. Organizations must carefully evaluate the total cost of ownership (TCO) and return on investment (ROI) of Cloud-based IDS/IPS solutions, considering factors such as scalability, performance, and maintenance overhead. Additionally, unforeseen expenses, such as overage charges or hidden fees, can impact the affordability and viability of cloud-based security deployments.
Key Market Trends
Demand For a Strong Multi-Layered Security System Has Grown
The demand for a strong multi-layered security system has grown as a result of the quick development of information technology and the resulting increase in cloud computing environments' vulnerabilities. This is a significant driver of the global need for intrusion detection and prevention systems that operate on the cloud. One significant element propelling the market is the urgent demand for detecting and preventing cyberattacks in company data stored on cloud infrastructure globally. One major factor propelling the market is the increase in demand from businesses for risk management regulations across the cloud environment.`
This system focuses on organising action and guiding movement to a set of parameters encompassing suspicious and pernicious indicators of motion through passive or in-line listening. If any matches are found, the intrusion detection system (IDS) system will provide a warning, and the intrusion prevention system (IPS) system will be able to stop the movement.
The cloud intrusion detection system (IDS) intrusion prevention system (IPS) market is being driven by increased demand for securing IT infrastructure, rising threats from assaults and data breaches, and government support and incentives for the adoption of advanced agricultural practises. The difficulty of implementing hybrid cloud security is stifling the cloud intrusion detection system (IDS) intrusion prevention system (IPS) market. The growing use of cloud-based security solutions and a multi-cloud strategy represents an opportunity.
Easy deployment on the present cellular network infrastructure and growing demand for smart inventory management are the major factors that will influence the market growth rate. Furthermore, surge in the demand for defined network qualities, surge in the number of connected devices and increase in the need for long range connectivity amongst devices are the factors that will accelerate growth of the cloud intrusion detection system (IDS) intrusion prevention system (IPS) market. .
The difficulty of implementing hybrid cloud security is restricting the growth of the cloud intrusion detection system (IDS) intrusion prevention system (IPS) market. The growing use of cloud-based security solutions and a multi-cloud strategy represents an opportunity.
This cloud intrusion detection system (IDS) intrusion prevention system (IPS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market.
Segmental Insights
Organization Size Insights
Large enterprises have a larger attack surface and more sensitive data to protect, making them prime targets for cyberattacks. They need advanced security solutions like cloud-based IDS/IPS to detect and prevent threats.
Regional Insights
North America accounted for the largest market share in 2023, and is expected to register a robust CAGR during 2024-2029. The major drivers of growing market are the increasing adoption of connected technologies including the Internet of Things (IoT), bring your own device (BYOD), cloud computing, and mobile applications. The expansion of the cloud IDS / IPS market is being aided by the presence of major industry players in this area, including Cisco, IBM, and Juniper Networks. Thanks to factors like the adoption of cutting-edge technologies to improve the security features of the companies, the U.S. dominates the North American market.
Recent Developments
- October 2023CrowdStrike announced a USD 100 million investment in its cloud-based securityplatform, which includes IDS/IPS capabilities.
- September 2023Palo Alto Networks acquired Zingbox, a cloud-based IDS/IPS vendor, for USD 750million.
- August 2023Fortinet announced a strategic partnership with Google Cloud to offer itscloud-based IDS/IPS solution on Google Cloud Marketplace.
- July 2023IBMSecurity launched a new cloud-based IDS/IPS solution called "IBM CloudThreat Detection."
- June 2023Microsoft Azure Security Center added new cloud-based IDS/IPS features,including threat intelligence and anomaly detection.
Key Market Players
- Check Point Software Technologies
- Trend Micro Inc.
- NTT Communications
- Lumen Technologies
- Cisco Systems, Inc.
- Fortinet Fedral Inc.
- Intel Corporation
- Hillstone Networks
- Imperva, Inc.
- Metaflows, Inc.
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