Global Intrusion Detection And Prevention Systems Market Size By Component, By Type, By End User Industry, By Geographic Scope And Forecast
Published on: 2024-08-06 | No of Pages : 320 | Industry : latest updates trending Report
Publisher : MIR | Format : PDF&Excel
Global Intrusion Detection And Prevention Systems Market Size By Component, By Type, By End User Industry, By Geographic Scope And Forecast
Intrusion Detection And Prevention Systems Market Size And Forecast
Intrusion Detection And Prevention Systems Market size was valued at USD 5.8 Billion in 2024 and is projected to reach USD 18.6 Billion by 2031, growing at a CAGR of 13.2% from 2024 to 2031.
Global Intrusion Detection And Prevention Systems Market Drivers
The market drivers for the Intrusion Detection And Prevention Systems Market can be influenced by various factors. These may include
- Growing Cybersecurity Risks Organisations are investing more in IDPS to identify and stop malware infections, unauthorised access, data breaches, and other cyberattacks as cyberthreats keep evolving and getting more complex.
- Regulatory Compliance In order to protect sensitive data and maintain regulatory compliance, organisations must put strong security measures in place, including intrusion detection and prevention systems. These regulations include GDPR, HIPAA, PCI DSS, and others.
- Growing Cloud Computing use To safeguard cloud infrastructure and data from cyber threats, cloud-based IDPS solutions are becoming more and more necessary as a result of the movement of workloads to the cloud and the use of cloud services.
- Increase in Insider Threats Organisations are at serious danger from insider threats, whether they are deliberate or not. IDPS systems monitor user activity, spot unusual activity, and enforce security regulations to assist identify and mitigate insider threats.
- Developments in Artificial Intelligence and Machine Learning By incorporating these technologies into IDPS systems, it is possible to improve overall security posture by enhancing the solutions’ capacity to identify and react to new threats quickly.
- Use Your Own Device (BYOD) and Employers Who Work From Home Because of the increased attack surface caused by BYOD policies and remote work, it is critical for organisations to use IDPS solutions in order to safeguard mobile devices and network endpoints from cyber attacks.
- Internet of Things (IoT) Security As IoT devices proliferate across numerous industries, new security challenges arise. By identifying and thwarting attacks directed towards IoT infrastructure and devices, IDPS solutions assist enterprises in keeping an eye on and safeguarding IoT networks.
- Demand for Integrated Security Solutions In order to offer complete protection against a variety of cyberthreats, organisations are increasingly looking for integrated security solutions that include different capabilities, such as firewall, antivirus, endpoint security, and IDPS.
- Real-Time Threat Intelligence is Necessary Organisations must adopt IDPS systems that provide automated response capabilities and real-time threat intelligence in order to identify and neutralise attacks before they cause substantial harm, given the speed at which cyber threats are developing.
- Emphasis on Zero Trust Security The zero trust security model places a strong emphasis on ongoing monitoring and identity verification of users and devices. It is based on the assumption that there is no trust within or beyond the network boundary. By continuously monitoring network traffic and user behaviours for indications of compromise, IDPS solutions are essential to the enforcement of zero trust principles.
Global Intrusion Detection and Prevention Systems Market Restraints
Several factors can act as restraints or challenges for the Intrusion Detection And Prevention Systems Market. These may include
- High Initial Investment The hardware, software, and frequently consulting fees for setup and configuration are the major upfront expenditures associated with implementing IDPS. For smaller organisations with smaller budgets, this might be a turnoff.
- Implementation Complexity IDPS solutions can be difficult to set up and maintain, requiring specialised staff for configuration, monitoring, and administration. Higher operating expenses result from increased complexity when a network grows in size and complexity.
- False Positives and Negatives IDPS systems have the potential to produce erroneous warnings, also known as false positives, or to overlook real dangers, which are known as false negatives. Handling false positives can cause security staff to become alert fatigued, while handling false negatives can lead to undiscovered breaches and erode system trust.
- Impact on Performance Intrusion detection and prevention systems may have an adverse effect on network performance, particularly if the system is not scaled appropriately to accommodate the amount of network traffic. The productivity and user experience may suffer as a result of this performance impact.
- Adaptability to Changing Threats Identity and access control systems (IDPS) must adapt to the ever-changing landscape of cyber threats. Nevertheless, certain IDPS systems might find it difficult to quickly adjust to novel and developing risks, leaving enterprises open to sophisticated assaults.
- Regulatory Compliance Putting IDPS systems in place that abide by sector-specific laws and guidelines may provide difficulties for businesses in regulated industries. The process of implementation becomes more complex and expensive when compliance is ensured.
- Privacy Issues Since network traffic data collecting and analysis are common components of IDPS solutions, privacy and data protection issues are brought up. When using IDPS solutions, organisations must manage ethical and legal issues to make sure people’s privacy rights are not violated.
- Vendor Lock-In Businesses that purchase proprietary IDPS solutions may experience vendor lock-in, which makes it more difficult for them to smoothly connect with other security products or migrate to other solutions.
Global Intrusion Detection And Prevention Systems Market Segmentation Analysis
The Global Intrusion Detection And Prevention Systems Market is Segmented on the basis of Component, Type, End User Industry, And Geography.
Intrusion Detection And Prevention Systems Market, By Component
- Hardware
- Software
- Services
Intrusion Detection And Prevention Systems Market, By Type
- Network-Based
- Wireless-Based
- Host-Based
- Network Behavior Analysis
Intrusion Detection And Prevention Systems Market, By End User Industry
- Banking, Financial Services, and Insurance
- Retail and Ecommerce
- IT and Telecom
- Others
Intrusion Detection And Prevention Systems Market, By Geography
North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Rest of Asia Pacific
- Rest of the World
Key Players
The major players in the Intrusion Detection And Prevention Systems Market are
- AlertLogic
- Darktrace
- Cisco Systems Inc.
- IBM Corporation
- McAfee
- Check Point Software Technologies Ltd.
- Palo Alto Networks
- Trend Micro
- Fortinet
- Symantec Corporation
- FireEye
- Juniper Networks Inc.
Report Scope
REPORT ATTRIBUTES | DETAILS |
---|---|
STUDY PERIOD | 2021-2031 |
BASE YEAR | 2024 |
FORECAST PERIOD | 2024-2031 |
HISTORICAL PERIOD | 2021-2023 |
UNIT | Value (USD Billion) |
KEY COMPANIES PROFILED | Cisco Systems, Inc., IBM Corporation, McAfee (now part of McAfee Enterprise), Check Point Software Technologies Ltd., Palo Alto Networks, Trend Micro, Fortinet, Symantec Corporation. |
SEGMENTS COVERED | By Component, By Type, By End User Industry, And By Geography |
CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase Addition or alteration to country, regional & segment scope. |
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Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factorsProvision of market value (USD Billion) data for each segment and sub-segmentIndicates the region and segment that is expected to witness the fastest growth as well as to dominate the marketAnalysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each regionCompetitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiledExtensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market playersThe current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regionsIncludes an in-depth analysis of the market of various perspectives through Porter’s five forces analysisProvides insight into the market through Value ChainMarket dynamics scenario, along with growth opportunities of the market in the years to come6-month post sales analyst support
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