Surge in Cybersecurity Threats Propels IDS/IPS Market Growth, Expected to Reach USD 8.32 Billion by 2032, indicates CAGR of 4.7%

Dataintelo's most recently published report reveals that the global intrusion detection systems/intrusion prevention systems (IDS/IPS) market size has grown significantly and is expected to reach USD 8.32 billion by 2032. As the concern over cybersecurity threats rises across the globe, it was reported that the IDS/IPS market size stood at USD 5.57 billion in 2023. The anticipated market growth rate is a Compound Annual Growth Rate (CAGR) of 4.7% during the period of 2024-2032.

The need for enhanced network security is acting as the primary driver in the rapid escalation of the IDS/IPS market. Intrusion detection systems and intrusion prevention systems are vital in detecting and preventing illicit access and breaches, which can cause remarkable financial and reputational damage to organizations.

IDS/IPS play a pivotal role in maintaining a business's online security, resulting in their increased market popularity. As the complexity of cyber threats continues to evolve, so does the demand for advanced IDS/IPS solutions that can effectively mitigate risks while adhering to regulatory standards. The need for robust cybersecurity measures is thus, underpinning the surge in market growth and the expects the trend to continue well past 2032

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/92531

𝐓𝐡𝐢𝐬 𝐢𝐬 𝐨𝐧𝐞 𝐨𝐟 𝐭𝐡𝐞 𝐦𝐨𝐬𝐭 𝐝𝐞𝐭𝐚𝐢𝐥𝐞𝐝 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐧𝐝 𝐜𝐨𝐯𝐞𝐫 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠 𝐬𝐞𝐠𝐦𝐞𝐧𝐭𝐬:

The intrusion detection systems/intrusion prevention systems (IDS/IPS) market has been segmented on the basis of𝐓𝐲𝐩𝐞
● Network-based
● Host-based
● Network Behavior Analysis
● Wireless-based

𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭
● Hardware
● Software
● Services

𝐎𝐫𝐠𝐚𝐧𝐢𝐳𝐚𝐭𝐢𝐨𝐧 𝐒𝐢𝐳𝐞
● Small and Medium Enterprises
● Large Enterprises

𝐃𝐞𝐩𝐥𝐨𝐲𝐦𝐞𝐧𝐭 𝐌𝐨𝐝𝐞
● On-premise
● Cloud-based

𝐕𝐞𝐫𝐭𝐢𝐜𝐚𝐥
● BFSI
● Government
● IT & Telecom
● Healthcare
● Retail
● Manufacturing
● Energy & Utilities
● Education
● Others

𝐑𝐞𝐠𝐢𝐨𝐧
● Asia Pacific
● North America
● Latin America
● Europe
● Middle East & Africa

𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬
● 𝐀𝐥𝐞𝐫𝐭 𝐋𝐨𝐠𝐢𝐜 (𝐅𝐨𝐫𝐭𝐫𝐚, 𝐋𝐋𝐂)
● AT&T Intellectual Property
● Cisco Systems, Inc.
● Darktrace Holdings Limited
● 𝐅𝐨𝐫𝐭𝐢𝐧𝐞𝐭, 𝐈𝐧𝐜.
● IBM
● McAfee, LLC
● NSFOCUS
● Palo Alto Networks
● Trend Micro Incorporated
● Vectra AI, Inc.
● WatchGuard Technologies, Inc.



The intrusion detection systems/intrusion prevention systems (IDS/IPS) market has been categorically segmented on the basis of type, component, organization size, deployment mode, verticals, and region. In terms of type, the market is divided into Network-based, Host-based, Network Behavior Analysis, and Wireless-based IDS/IPS. Among all, network-based systems are in high demand attributed to the sophistication and complexity of cyber-attacks. From a component standpoint, the classification is into hardware, software, and services, where the hardware segment has seen significant growth owing to the surge in demand for sophisticated detection and intrusion prevention equipment. In terms of organization size, it is bifurcated into large enterprises and small & medium enterprises, each presenting their own set of demands and requirements. The deployment modes provide two vital options: on-premise and cloud-based, both substantial in scope with a massive uptick in cloud deployment in recent years.

Regionally, the IDS/IPS market is distributed across Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. With North America leading the way due to increased technological advancements and the presence of major market players. Still, the Asia Pacific region is expected to show significant growth over the coming years, attributed to the region's increased adoption of cybersecurity solutions. The verticals section offers a wide spectrum starting from Banking, Financial Services and Insurance (BFSI), government, IT & Telecom, healthcare, retail, manufacturing, energy & utilities, education, and other sectors. Among them, the BFSI sector is the most targeted for cyber threats and therefore depicts a higher demand for IDS/IPS. In the industry full of key players, brands such as Alert Logic (Fortra, LLC), AT&T Intellectual Property, Cisco Systems, Inc., Darktrace Holdings Limited, Fortinet, Inc., IBM, McAfee, LLC, NSFOCUS, Palo Alto Networks, Trend Micro Incorporated, Vectra AI, Inc., WatchGuard Technologies, Inc. have made their mark on the global stage. They have significantly contributed to the advancement and proliferation of IDS/IPS by offering innovative and efficient systems

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐚 𝐟𝐫𝐞𝐞 𝐬𝐚𝐦𝐩𝐥𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 @ https://dataintelo.com/request-sample/92531

Market Drivers:

1. Increase in Cyber-Attacks: The exponential rise in the number of cyber-attacks worldwide is one of the primary driving factors for the IDS/IPS market. Organizations are increasingly adopting IDS/IPS solutions to protect their network infrastructure and sensitive data from sophisticated attacks.

2. Digital Transformation: The rapid digital transformation of businesses across various sectors has led to an increased need for strong cybersecurity mechanisms like IDS/IPS. This is necessary to protect digital assets and maintain data integrity.

3. Strict Regulatory Compliances: The introduction of stringent cybersecurity laws and regulations across various regions has made it necessary for organizations to implement IDS/IPS systems. Non-compliance can result in severe penalties and reputational damage.

4. Adoption of BYOD (Bring Your Own Device) Policy: With the growing adoption of the BYOD policy, securing the private network from potential threats posed by the use of personal devices has become essential. This has led to increased demand for IDS/IPS solutions.

Opportunities:

1. Rising Adoption of Cloud-Based Services: As companies continue to shift towards cloud services, there's a lot of potentials to expand IDS/IPS solutions into these areas. This would ensure improved network security in the cloud environment.

2. IoT Vulnerabilities: The integration of the Internet of Things (IoT) devices raises significant security challenges due to their inherent vulnerabilities. The rising IoT market offers an excellent growth opportunity for IDS/IPS providers.

3. Growing Demand in SMEs: Small and medium-sized enterprises are also becoming targets for cyber-attacks due to their less robust security defenses. Therefore, there is considerable potential in this area for IDS/IPS providers.

4. Integration with Artificial Intelligence: The integration of IDS/IPS with artificial intelligence and machine learning can provide vastly improved threat detection and prevention capabilities. This upcoming trend can generate significant opportunities in the market

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