|06-18-2018 01:22 PM CET - Industry, Real Estate & Construction||
Global Intrusion Detection & Protection System Market is Expected to Reach US$ 11,500 Mn By 2026-End
Press release from: Fact.MR
With the growing need for distributing the IPS workload among various devices, security hazards has continued to persist in various organizations. Absence of a strong security system integrated in the network can lead to significant loss of imperative information. Unmonitored networks can further lead to intrusion through various malicious attacks on the system, due to which the organizations can run into various losses. As the need for protecting and detecting malware attacks on the system surfaces, demand for the intrusion prevention & detection system is expected to remain high in various organizations.
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According to Fact.MR, the global intrusion detection & prevention system market is expected to represent a value of over US$ 11,500 Mn by the end of 2026.
Financial Institutions to Witness Significant Adoption
Malicious attacks through various networks continues to remain a significant challenge for smooth functioning of various organizations. As increasing number of malware threats continue to disrupt the functioning of the system, progress of organizations could hit the rock bottom. With the growing need for integrity and safety of the confidential information in various financial organizations is expected to rev up adoption of the intrusion detection and protection systems. Through the intrusion detection and protection solutions, the financial institutions can block suspicious and malicious links and attacks. Integration of intrusion detection and protection solutions enable the financial organizations to better monitor the various access to the networks seal their internal networking system with safety. Such factors are expected to impact growth of the global intrusion detection and protection system market positively during the forecast period.
Large Enterprise to Represent a Leading Segment
Growing need to maintain data integrity and security has led to surge in demand for intrusion detection and protection systems in large enterprises. On the basis of deployment type, the large enterprise segment is expected to represent a significant revenue growth, accounting for a value of over US$ 2,000 Mn by the end of 2026. In contrary, the SaaS deployment type segment is expected to register a robust CAGR during the forecast period.
Based on application, the network based IDS system segment is expected to generate significant revenues, recording a value of over US$ 1,900 Mn by the end of 2017. Moreover, the network based IDS system application segment is expected to register a healthy CAGR through 2026.
By industry, the BFSI segment is expected to represent a robust revenue growth, accounting for a value of over US$ 890 Mn by the end of 2026. In addition, the BFSI industry segment is expected to register a significant CAGR throughout the forecast period.
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Sales to Remain High in BFSI Industry
As the need for securing sensitive information continues to arise, demand for intrusion detection and protection solutions is projected to remain high in the large business organizations. In terms of revenue, the large enterprise deployment type segment is projected to represent the highest growth, recording more than US$ 2,000 Mn by 2026-end. On the other hand, the SaaS deployment type segment is projected to reflect a healthy CAGR throughout the forecast period.
By 2017-end, the network based IDS system application segment is projected to represent a significant revenue growth, accounting for more than US$ 1,900 Mn. During the forecast period, this segment is projected to reflect the fastest growth in the global market of intrusion detection & protection system. Based on industry, the BFSI segment is projected to reflect a robust CAGR during the forecast period. Moreover, the BFSI industry segment is projected to generate significant revenues, accounting for more than US$ 890 Mn by 2026-end.
Major players in the global market of intrusion detection & protection system are Cisco Systems, IBM, McAfee, Symantec Corporation, Trend Micro, CheckPoint Security Software Market, TippingPoint, Juniper Networks, Inc, Trustwave and SourceFire.
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