Intrusion Detection and Prevention Systems (IPS) Software Market Size, Share, Growth, and Industry Analysis, By Type (Cloud-Based, On-Premises and others), By Application (Large Enterprises (1000+Users), Medium-Sized Enterprise (499-1000 Users), Small Enterprises (1-499Users) and others), and Regional Forecast to 2028

Updated On: 29 April 2024

intrusion detection and prevention systems (IPS) Software market REPORT OVERVIEW

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The global intrusion detection and prevention systems (IPS) Software market size was USD 5322.4 million in 2022 and will reach USD 7023.2 million in 2028, at CAGR of 4.7% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with intrusion detection and prevention systems (IPS) Software market experiencing Higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.

Intrusion detection and prevention systems (IPS) Software are the processes that monitor and analyse network events for probable incidents, violations, or imminent cyber threats to an organization's security rules. Intrusion prevention is the process of detecting intrusions and subsequently halting them. These security measures are accessible as intrusion prevention systems (IPS) and intrusion detection and prevention systems (IPS) Software, which are developed as a component of a computer network to prevent and detect potential occurrences. Furthermore, some networks utilise IDS to prohibit persons from breaching security regulations and to discover security policy flaws. IDS have become a significant addition to most administrations' security structures.

Intrusion detection and prevention systems (IPS) software monitors network traffic for indications of a potential attack. It aids in the detection of potentially harmful activities and takes steps to thwart the attack. Furthermore, it might take the form of discarding malicious packets, blocking network traffic, or resetting connections. Intrusion detection and prevention systems (IPS) Software often notify security administrators of potentially malicious behaviour. Solutions for intrusion detection and prevention systems (IPS) Software might be network- or host-based. The majority of businesses are focused on installing a network-based intrusion prevention solution behind the firewall. A host-based intrusion prevention system sits on an endpoint, such as a PC, and scans the host for malicious traffic. A NIPS is similar to a firewall, with the distinction being that a firewall is like a guard at a facility's gate, but a NIPS is more like a roaming security guard who goes about the building.

COVID-19 Impact: Lockdown Impacts The Market In A Positive Way due to High Business

Despite the fact that governments have mandated lockdowns to prevent the virus from spreading, individuals are likely to stay at home. Digital commerce, entertainment, gaming, and learning apps have all experienced an increase in the lockdown and corona virus epidemic. The increased use of these applications is projected to drive market expansion. Overall, the current condition is projected to benefit agile testing and enhance market growth. Furthermore, the epidemic has a favourable influence on the enterprise's business operations, which benefits the market as a whole. This has had an effect on the industry.

LATEST TRENDS

"Advancements In The Technological Features To Stimulate Market Expansion"

With technological advancements and the increasing adoption of modern connectivity systems, the demand for communication services in industries such as automotive, retail, energy and power, government services, the IT sector, and other technology-based industries has increased incrementally over the last decade. The telecom business is now a key connection that allows every industry to function without interruption. With the introduction of cloud services, the reliance on communication is increasing. To improve operations, the telecom and IT sectors have integrated. Nowadays, the IT business is quite important. As businesses move towards cloud and automation, they are progressively installing IT systems to support operations and telecom sectors to provide connection and communication services, hence facilitating the overall system's operation. Thus, the process of developing new advancements in the technological features is a major trend that is creating opportunity for the industry to flourish. The market's overall expansion is primarily the result of these recent changes.

intrusion detection and prevention systems (IPS) Software market SEGMENTATION

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• By Type

The market is divided into categories based on type, cloud-based, on-premises and others.

• By Application

The market is divided into Large Enterprises (1000+Users), Medium-Sized Enterprise (499-1000 Users), Small Enterprises (1-499Users) and other categories based on application.

DRIVING FACTORS

"Increasing Number Of Cyber-Attacks That Boosts The Market"

The use of the Internet for calculated and administratively driven attacks on networks, endpoints, IT infrastructures, and data that cause corporations, governments, and individuals to lose data is an example of large-scale cyber-attacks on a worldwide scale. The increased pace of digital communications in the vertical sector is increasing the occurrence of cybercrime. Intrusion detection and prevention solutions grow market share as a result of business data breaches or data leaks. Consequently, during the predicted period, increased product dependence will support industry growth. As a result, the market will benefit from growth and increasing number of cyber-attacks. It will help the Services sector flourish and accelerate the Intrusion Detection and Prevention Systems (IPS) Software market growth.

"Adoption Of The Product In Various Organizations To Support Market Expansion"

NIPS systems may be deployed in a variety of ways by organisations. Some businesses utilise standalone NIPS or intrusion detection and prevention systems (IPS) Software, while others use a unified threat management (UTM) solution. It contains intrusion prevention system (IPS) capabilities or a next-generation firewall (NGFW) with IPS capabilities. Furthermore, organisations are currently required to choose to deploy a network IPS as hardware via a cloud-based IPS system. The benefits of cloud-based technologies are their ease of usage. Furthermore, organisations using Wi-Fi networks are expected to have a wireless intrusion prevention system. A WIPS searches for unauthorised devices by monitoring wireless frequencies. When it discovers a rogue access point, it removes the offending device from the Wi-Fi network. Together, these elements are encouraging market expansion, which is raising business revenues. As a result, the market will grow thanks to the growing adoption of the product in various organizations.

RESTRAINING FACTOR

"Lack Of Skilled Professionals Will Prevent Market Expansion"

Cyber hazards are increasing at a quicker rate than ever before, and many businesses across the world are scrambling to find bright people who can help them safeguard against these threats. Organisations are unable to satisfy their expanding IT security needs due to a lack of competent security specialists.  As a result, a shortage of trained security personnel limits global industry growth. This will be a significant impediment to market growth during the forecast period. This could be a significant issue limiting market growth. If this issue is resolved, the market will immediately begin to grow.

intrusion detection and prevention systems (IPS) Software market REGIONAL INSIGHTS

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"North America to dominate the Market Being the Largest User of the Product"

Since this area is the largest user of the product, the market for Intrusion Detection and Prevention Systems (IPS) Software in North America has profited from the region's expanding industrial development and several driving factors that have boosted the potential sectors. The increasing demand for products in the Large Enterprises (1000+Users), Medium-Sized Enterprise (499-1000 Users), Small Enterprises (1-499Users) and other industries is one of the important factors driving the Intrusion Detection and Prevention Systems (IPS) Software Market Share. Rapid urbanisation trends will further strengthen the market as a whole.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

The analysis covers data on market participants and their positions within the industry. Through appropriate research, mergers, technological development, expanding production facilities, and collaboration, data is being gathered and made available. Information on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more is provided in the study on materials. 

List of Market Players Profiled

• Security Onion (U.S.)
• Vectra (U.S.)
• Darktrace (U.K.)
• Hillstone Networks (U.S.)
• Cisco (U.S.)
• FireEye (U.S.)
• McAfee (U.S.)
• Trend Micro (Japan)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost Intrusion Detection and Prevention Systems (IPS) Software Market. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.