Press release
Intrusion Deduction And Prevention System Market Poised for 6 % Growth, Set to Hit $20.51 Billion by 2029
Intrusion Deduction And Prevention System Market Insights
The intrusion detection and prevention system market is projected to grow from $5.61 billion in 2024 to $6.03 billion in 2025, at a CAGR of 7.5%. The growth is driven by the increasing frequency and sophistication of cyber attacks, advancements in technology, and rising insider threats.
The Intrusion Detection and Prevention System market will grow to $7.63 billion by 2029 at a CAGR of 6.0%, driven by digitization, security demands, and mobility. Trends include regulatory changes, cybersecurity threats, and market dynamics.
What Are the Key Drivers Behind the Growth of the Intrusion Deduction And Prevention System Market?
The increasing cybersecurity threats are expected to propel the growth of the intrusion detection and prevention system market. Cybersecurity threats are malicious activities or events that pose risks to information systems, networks, devices, and data. These threats arise due to technology dependence, expanding attack surfaces, and inadequate cybersecurity awareness. Intrusion detection and prevention systems are used to monitor networks, detect threats, and take preventive actions to safeguard systems and data. For example, in February 2023, the Australian Cyber Security Centre reported that cyber crime cases rose by 13% from the previous year, with 76,000 reports received in 2022. Therefore, the increasing cybersecurity threats are driving the growth of the intrusion detection and prevention system market.
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Who Are the Major Industry Players Fueling Intrusion Deduction And Prevention System Market Expansion?
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
What Are the Major Trends Shaping the Intrusion Deduction And Prevention System Market?
Major companies in the intrusion detection and prevention system market are developing advanced security technologies, such as industrial intrusion prevention systems (IPS), to address evolving cybersecurity threats and safeguard critical infrastructure. These security solutions detect and block malicious activities to protect industrial networks. For instance, in October 2022, Moxa Inc., a Taiwan-based technology company specializing in edge connectivity, integrated industrial IPS technology into its EDR-G9010 Series secure routers. This enhancement transforms the routers into industrial next-generation firewalls with advanced threat detection and prevention features. The EDR-G9010 series functions as a comprehensive security solution, incorporating firewall, Network Address Translation (NAT), Virtual Private Network (VPN), and switch capabilities to enhance protection against cyber threats.
How Is the Segmentation of the Intrusion Deduction And Prevention System Market Defined?
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
Subsegments:
1) By Host-Based Intrusion Detection System (HIDS): Signature-Based HIDS, Anomaly-Based HIDS, Hybrid-Based HIDS
2) By Network-Based Intrusion Detection System (NIDS): Signature-Based NIDS, Anomaly-Based NIDS, Stateful Protocol Analysis NIDS
3) By Online Network Intrusion Detection System: Real-Time Intrusion Detection, Cloud-Based Online Intrusion Detection, Hybrid Cloud Network Intrusion Detection
4) By Offline Network Intrusion Detection System: Batch Data Analysis, Forensic Data Collection And Analysis, Post-Incident Detection And Investigation
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What Is the Leading Region in the Intrusion Deduction And Prevention System Market?
North America was the largest region in the intrusion deduction and prevention system market in 2024. The regions covered in the intrusion deduction and prevention system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Intrusion Deduction And Prevention System Global Market Report?
- Market Size Analysis: Analyze the Intrusion Deduction And Prevention System Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Intrusion Deduction And Prevention System Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Intrusion Deduction And Prevention System Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Intrusion Deduction And Prevention System Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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McAfee (California)
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