Selbyville, DE -- (SBWire) -- 04/26/2019 --Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market is projected to exceed USD 8 billion by 2025. Factors such as the rising importance of digitalization, transformation of the technological landscape, the rising threat of data breaches, and the enormous growth of computer networks are driving the market demand.
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Major players operating in the IDS/IPS market include Cisco, Corero, IBM, Dell, Check Point, Juniper Networks, Extreme Networks, HP, McAfee, Huawei, Symantec Corporation, and Trend Micro. These companies are focused on developing cost-effective solutions for gaining a higher share in the competitive IDS/IPS market.
The IDS/IPS makes it easier for network administrators to assess where the threats are coming from, addressing and preventing any further attacks from those locations and accelerating the demand for IDS/IPS systems.The IDS/IPS solutions assist in protecting the integrity, confidentiality, and availability of computer networks prevailing in an organization.
Moreover, the increasing demand for advanced solutions, such as robotic systems in the manufacturing industry, connected & autonomous automotive sector, and smart cities, has increased the demand for internet connectivity and information communication. This has increased the threat of malware, leading to an increasing demand for IDS/IPS solutions.
These systems always protect and ensure the availability of computer resources, networks, systems, and stored information, preventing unauthorized access and any form of alteration of critical data, driving the adoption of IDS/IPS solutions. Other factors contributing to market growth include the rising number of computer networks and related applications. As these computer systems are prone to security vulnerabilities, adopting advanced IDS/IPS will help in detecting attacks & anomalies in a network, augmenting system integrity.
The services market is anticipated to grow at the fastest rate in the global IDS/IPS market as it assists in ensuring protection from regularly evolving cyber threats. The service providers offer regular maintenance and updates to protect the systems deployed in corporate networks. The integration service providers market is anticipated to grow rapidly as these service providers enable enterprises to integrate their software in the multi-vendor environment. These service providers assist enterprises to update, consolidate, and build dynamic systems to prevent intrusion.
The wireless network systems are widely used across various industry verticals due to the advantages they offer such as ease of installation and maintenance. However, these systems impose a great security risk to Wireless Local Area Networks (WLANs) causing potentially devastating consequences. Security issues ranging from session hijacking, misconfigured Wireless Access Points (WAP) to Denial of Service (DoS) can affect a WLAN; hence, organizations have adopted wireless-based IDS/IPS solutions to detect and fight against potential threats.
The hybrid IDS/IPS market is anticipated to grow at a CAGR of 15% over the forecast period. Cloud computing has provided new service paradigms to the internet technology. The possibility of intrusion is high due to the distributed nature of public and private cloud environments. The hybrid cloud platform helps in offering a complete visibility by integrating necessary security capabilities to an individual platform including vulnerability scanning, asset monitoring, intrusion, detection log management, behavioral monitoring, and continuous threat intelligence, driving the demand for IDS/IPS solutions.
The healthcare sector is projected to grow at a fast pace in the IDS/IPS market over the forecast period. The healthcare department carries full responsibility of vulnerable patients, critical patient data, expensive equipment, and controlled pharmaceutical substances. With technological advancements the healthcare sector has adopted various practices such as internet-based consulting with distant patients, multi-cloud SaaS & IaaS environment, and connected medical devices, expanding the attack surface. Hence, healthcare organizations are rapidly adopting IDS/IPS solutions to fight against cybercrimes and protect the integrity of patients, augmenting the IDS/IPS market growth.
Asia Pacific is anticipated to grow at the CAGR of over 17% in the IDS/IPS market. The rising disposable income, rapid economic development, high burglary rate, and growing government regulations for enhancing security are the key factors driving the market demand. The increasing investments in securing IT infrastructure and adoption of scalable and cost-effective cloud-based solutions also have a positive impact on the market. The growing economies including India, China, and South Korea also provide enhanced growth opportunities for the IDS/IPS market in this region.
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Report Content
Chapter 1. Methodology & Scope
Chapter 2. Executive Summary
Chapter 3. IDS/IPS Industry Insights
Chapter 5. IDS/IPS Market, By Component
Chapter 6. IDS/IPS Market, By Type
Chapter 8. IDS/IPS Market, By Application
Chapter 9. IDS/IPS Market, By Region
Chapter 10. Company Profiles
10.1. BAE Systems
10.2. Barracuda Networks, Inc
10.3. Check Point Software Technologies Ltd.
10.4. Cisco Systems Inc.
10.5. Corero Network Security, Inc
10.6. Dell
10.7. Extreme Networks, Inc.
10.8. Hillstone Networks
10.9. HP Enterprise
10.10. Huawei Technologies Co., Ltd.
10.11. IBM Corporation
10.12. Imperva Inc.
10.13. Juniper Networks, Inc.
10.14. McAfee Inc.
10.15. New H3C Technologies Co., Ltd
10.16. NSFocus
10.17. Palo Alto Networks Inc.
10.18. Sophos Plc
10.19. Symantec Corporation
10.20. Trend Micro Inc.
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Intrusion Detection System / Intrusion Prevention System Market Size to Surpass 12%+ CAGR Up to 2025
Market Study Report adds Global Intrusion Detection System / Intrusion Prevention System market report that gives meticulous investigation of current scenario of the market size, share, demand, growth, trends, companies active in the industry and forecasts for the coming years.