Intrusion Detection and Protection System Market Size, Share, Growth, and Industry Analysis by Type (On-Premise and SaaS), By Application (BFSI, Healthcare, IT & Telecom, Retail, Energy & Utilities, Manufacturing, and Others) Covid-19 Impact, Latest Trends, Segmentation, Driving Factors, Restraining Factors, Key Industry Players, Regional Insights, and Forecast To 2031

Updated On: 01 April 2024

Intrusion Detection And Protection System Market Report Overview

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The global intrusion detection and protection system market size was valued at USD 5322.4 million in 2022 and is projected to touch USD 8060.74 million by 2031, exhibiting a CAGR of 4.7% during the forecast period.

Intrusion detection and protection system (IDPS) is also known as Intrusion prevention systems (IPS). It is a network security appliance. It is used for malicious activity in the monitor network or system activities.

A growing number of intrusions coupled with changing cyber landscape is projected to drive market progress. A high need for compliance and an increasing number of upcoming regulations are anticipated to accelerate market growth. A rise in cyber-attacks and the huge number of security breaches is estimated to propel market growth. A rapid rise in digital transactions at a global level is forecasted to surge market performance. Growth in CYOD and BYOD trends is predicted a create a lucrative growth opportunity for the market.  Increasing cloud-based businesses coupled with the rapid development of digital communications are estimated to enlarge market progress. On the contrary, a lack of trained professionals and limited security funding among small and medium-sized businesses are predicted to hinder intrusion detection and protection system market growth in the upcoming years.

"COVID-19 Impact: Rapid Digitalization and WFH Culture to Fuel Market Growth "

The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over. The global COVID-19 pandemic has been unprecedented and staggering, with intrusion detection and protection system experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels

Social distance and remote working practices due to the outbreak of the COVID-19 pandemic fuel market growth. Growing digitalization and high demand for internet access among students, employees, and businesses develop a great opportunity for the market. High demand for IDPS solutions to ensure business continuity and growing demand to stay safe from cyber-crimes accelerated market growth during the pandemic period.

LATEST TRENDS

"Increase in Cyberattacks and Growing Security Breaches to Incite Market Growth"

An increasing number of cyberattacks globally is anticipated to accelerate market growth. A rise in security breaches by the major institution is predicted to fuel market growth. Also, growing political attacks coupled with data loss for governments, individuals and enterprises are projected to expand market progress. Growing adoption of the internet and high demand to keep data safe. Growing protocols to reduce cybercrimes. These factors are predicted to augment market progress in the forthcoming years. Growing advanced threats coupled with malware entering office networks are predicted to expand market growth. Changes in lifestyle coupled with huge demand for data privacy and lack of data management are anticipated to upsurge intrusion detection and protection system market progress.

Intrusion Detection And Protection System Market Segmentation

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• By Type

Based on type, the market is divided into On-Premise and SaaS.

On-premise is estimated to be the leading part of type segmentation.

• By Application

Based on application, the market is classified into healthcare BFSI, IT & telecom, retail, energy & utilities, manufacturing, and others.

IT & telecom is estimated to be the leading part of application segmentation.

DRIVING FACTORS

"Growing Awareness about CYOD and BYOD Trends to Magnify Market Progress"

The growing adoption of BYOD and CYOD models is improving, mobilizing, and organizing the workforce. BYOD offers to protect devices such as smartphones, desktops, laptops, and tablets. Adoption of BYOD will secure devices inside office premises and also secure remote access to the corporate network. These factors are predicted to expand market intrusion detection and protection system market growth. Further, the growing adoption of intrusion detection and prevention due to an increase in data leaks and data breaches is estimated to fuel market progress. The systems help to analyze, imminent cyber threats, or violations of an organization’s security policies. It helps to detect and prevent or stop detected incidents. The system is easy as an intrusion detection system (IDS) and intrusion prevention system (IPS). These networks offer to detect forthcoming incidents. Such advantages of the system are expected to create profitable growth in the market.

"Rise in Adoption of Cloud-based Business and Government Regulations to Foster Market Growth"

The increased adoption of cloud-based business at small and large-scale businesses is estimated to upsurge market progress. The majority of businesses are digitalizing their data for a record. High demand to keep data safe from cyber-attacks the system is installed in the networks. Further, an increase in the speed of digital communication and rapid digitalization is projected to drive market growth. High demand for the system from end-user such as healthcare BFSI, IT & telecom, retail, energy & utilities, manufacturing, and others. These factors are estimated to augment market performance in the upcoming years. Government regulations to keep data safe and reduce to chances of cyber-attacks are predicted to fuel market growth. The evolution of IT security requirements and growing research and development activities to introduce new and developed systems are anticipated to accelerate market progress in the forthcoming years. Growing industrialization and the high spending capacity of consumers are predicted to fuel market growth.  Also, the presence of sustainable and well-established economies is estimated to drive intrusion detection and protection system market growth.

RESTRAINING FACTORS

The lack of trained professionals and limited security funding among small and medium-sized businesses are predicted to hinder market growth in the upcoming years.

Intrusion Detection And Protection System Market Regional Insights

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"High Investment in R&D Activities in North America to Drive Market Share "

North America is projected to account for the largest intrusion detection and protection system market share owing to significantly high investment in research and development activities. The presence of market players in the region is projected to drive market development. A growing number of intrusions coupled with changing cyber landscape is projected to drive market progress. A high need for compliance and an increasing number of upcoming regulations are anticipated to accelerate market growth. A rise in cyber-attacks and the huge number of security breaches is estimated to propel market growth

KEY INDUSTRY PLAYERS

"Leading Players Adopt Strategies to Stay Competitive"

The report covers information about the list of market players and their latest development in the Industry. The information includes mergers, partnerships, acquisitions, technological developments, and production lines. Other aspects examined for this market include complete research on companies producing and introducing the latest products, regions they conduct their operations in, automation, technology adoption, generating the most revenue, and making a difference with their products.

List of Market Players Profiled

• IBM (U.S.)
• Cisco Systems (U.S.)
• Symantec Corporation (U.S.)
• McAfee (U.S.)
• HP (U.S.)
• CheckPoint Security Software (U.S.)
• Trend Micro (Japan)
• WatchGuard (U.S.)
• Venustech (China)
• Topsec (Ireland)
• Juniper Networks (U.S.)
• TippingPoint (U.S.)
• SourceFire (U.S.)
• Trustwave (U.S.)

REPORT COVERAGE

This research profiles a report with general studies that explain the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by examining the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, and others. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.