Intrusion Deduction And Prevention System Market Growth Drivers, Opportunities, Share Report And Forecast To 2033

The intrusion deduction and prevention system market size has grown strongly in recent years. It will grow from $5.21 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased frequency and sophistication of cyber attacks, advancement in technology, and increased insider threats.

The intrusion deduction and prevention system market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to expanding digitization, increased demand for robust security solutions, and increased mobility. Major trends in the forecast period include regulatory changes, cybersecurity threats landscape, economic conditions, market dynamics.

Market Overview -
An intrusion detection and prevention system (IDPS) refers to a security technology designed to detect and respond to unauthorized access attempts or malicious activities within a computer network or system. It helps organizations maintain the integrity, confidentiality, and availability of their digital assets by providing real-time alerts, automated responses, and detailed reports on security incidents.

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Impact Of Increasing Cybersecurity Threats On The Intrusion Detection And Prevention System Market
The increasing cybersecurity threats are expected to propel the growth of the intrusion detection and prevention system market going forward. Cybersecurity threats refer to malicious activities or events that pose risks to information systems, networks, devices, and data. This threat arises because of reliance on technology, the expansion of attack surfaces, and a lack of cybersecurity awareness and education. Intrusion detection and prevention systems are used to proactively monitor networks, detect threats, and take preventive actions to safeguard against cyber attacks while ensuring the integrity, confidentiality, and availability of their systems and data. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received were 76,000 in 2022, up from 13% from the previous year. Therefore, the increasing cybersecurity threats are driving the growth of the intrusion detection and prevention system market.

Competitive Landscape -
Major companies operating in the intrusion deduction and prevention system market are AT&T Inc., Robert Bosch LLC, Hewlett Packard Enterprise Development LP, Dell Technologies, Tyco International Ltd., Palo Alto Networks, Juniper Networks Inc., Allegion plc, Nortek Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Bricata Inc., Hilstone Networks, Symantec Corporation, Huawei, Corero Network Security Inc., Secureworks Inc., Fortinet Inc., Darktrace, Trustwave Holdings, Tipping Point, AlertLogic, ExtraHop Networks, Cynet

Innovative Advancements In The Intrusion Detection And Prevention System Market
Major companies operating in the intrusion deduction and prevention system market are developing innovative technological solutions, such as industrial intrusion prevention systems (IPS), to address the evolving cybersecurity landscape and enhance protection for critical infrastructure. It is a type of security solution that is designed to protect critical infrastructure and industrial networks from cyber threats by detecting and preventing malicious activities. For instance, in October 2022, Moxa Inc., a Taiwan-based technology company specializing in edge connectivity, introduced industrial intrusion prevention systems (IPS) on its EDR-G9010 Series secure routers, enhancing its cybersecurity capabilities for safeguarding critical infrastructure. This integration of IPS technology into the EDR-G9010 series transforms these routers into industrial next-generation firewalls, providing advanced threat detection and prevention features. This series is an all-in-one secure router with firewall, NAT (Network Address Translation), VPN (Virtual Private Network), and switch functionality. Additionally, IPS turns the EDR-G9010 Series into an industrial next-generation firewall equipped with threat detection and prevention capabilities to further protect critical infrastructure from cybersecurity attacks.

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Key Segments -

The intrusion deduction and prevention system market covered in this report is segmented -

1) By Type: Host Based Intrusion Detection System, Network-Based Intrusion Detection System, Online Network Intrusion Detection System, Offline Network Intrusion Detection System
2) By Component: Hardware, Software, Services
3) By Deployment Type: On-Premises Deployment, Cloud Deployment
4) By End User: Banking, Financial Services, and Insurance, Retail and Ecommerce, Information Technology And Telecommunications, Other End Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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