Intrusion Detection System & Intrusion Prevention System (IDS & IPS) Market Size, Share, Growth, and Industry Analysis, By Type (Host Based IDS/IPS, Network Based IDS/IPS, Wireless IDS/IPS, On-Premise & Cloud Deployment and Others), By Application (Banking, Financial Services, Insurance, Aerospace, Medical Science, Life Science, Retail, Transport and Others), Regional Insights, and Forecast To 2031

Updated On: 29 April 2024

Intrusion Detection System & Intrusion Prevention System (IDS & IPS) Market REPORT OVERVIEW

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global intrusion detection system & intrusion prevention system (ids & ips) market size was USD 2821 million in 2021 and market is projected to touch 5616.08 Million by 2031, exhibiting a CAGR of 6.8% during the forecast period.

intrusion detection system & intrusion prevention system (IDS & IPS) is the process of monitoring and analysing network traffic for signals of potential intrusions, such as exploit attempts and occurrences that could pose a threat to your network. Intrusion prevention, on the other hand, is the process of detecting intrusions and then blocking them, generally by deleting packets or terminating connections. These security measures are accessible as intrusion detection system & intrusion prevention system (IDS & IPS), both of which are part of network security measures used to detect and prevent potential occurrences and are included capability in next-generation firewalls (NGFW). The increased number of IT data breaches and security risks, rising need for enterprise mobility, and severe government rules enacted to protect consumer data are all factors driving intrusion detection system & intrusion prevention system (IDS & IPS) market expansion.

COVID-19 Impact: The Pandemic Caused Underlying Malady Upsurge the Market Growth

The greatest significant global health catastrophe of the century is thought to be the COVID-19 epidemic. Software development is not an exception to how it has affected other corporate sectors around the world. Millions of employees now work from home as a result of the COVID-19 outbreak forcing many IT companies to close their offices around the world. Companies now have a chance to test out remote work thanks to the current circumstances. Businesses who have adopted the remote-working approach are probably going to keep doing so even after the pandemic is over.

LATEST TRENDS

"Rising Investments, Development Activities to Curb the Cyber Attacks and Malware is Boosting the Market Sales"

Every day, attackers produce about one million new varieties of malware. These malwares attempt to enter networks, raising the threat of network attacks and boosting the usage and demand for the global intrusion detection / prevention system market. The IDS / IPS solutions monitor the operation of firewalls, routers, files, and important servers in the network and delivers relevant warnings and alarms when a breach is detected, assisting operators in establishing and implementing effective policies.

Intrusion Detection System & Intrusion Prevention System (IDS & IPS) Market SEGMENTATION

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• By Type

Based on type the intrusion detection system & intrusion prevention system (IDS & IPS) market is classified as host based IDS/IPS, network based IDS/IPS, wireless IDS/IPS, on-premise & cloud deployment and others.

• By Application

Based on application the intrusion detection system & intrusion prevention system (IDS & IPS) market is classified as banking, financial services, insurance, aerospace, medical science, life science, retail, transport and others.

DRIVING FACTORS

"Increased Applications of Cloud-Based, On-Premise System to Decipher the Market Share"

With a market share of more than half, the on-premise deployment strategy leads the IDS / IPS industry. The on-premise intrusion detection / prevention system enables organisations to easily govern the flow of information as well as its storage, providing greater safety for the IT infrastructure. These systems also aid in the protection of the network from threats, the protection of private and consumer data, and the facilitation of seamless and secure communication within the firm and with remote users. However, due to the increased flexibility and scalability provided by cloud-based IDS / IPS systems, cloud model demand is likely to increase significantly over the projection period.

"Lucrative Offers to Organizations and the BSFI Sector to Inflate the Market Share"

A network intrusion detection system (NIDS) can be an important part of an organization's security, but it is only one component of a well-integrated and secure system. They have a wide range of useful applications. Fire alarms are similar to intrusion detection systems. An intrusion detection system, like a fire alarm, identifies incidents and possible threats.

Between the projected timeframe, the BFSI sector is expected to develop at the quickest rate in the IDS / IPS market, with a CAGR of 15%. The BFSI industry works with massive amounts of financial data in order to provide insurance, transactions, and other financial services to its consumers. These financial institutions are vulnerable to significant cybercrime and physical hazards, necessitating stronger industry security solutions. The increasing usage of modern technology, electronic platforms, internet, cloud, and mobile banking has increased the sensitivity of banking customers' important data to cyber threats. This has increased the need for next-generation IDS/IPS solutions in the banking sector.

RESTRAINING FACTORS

"The Issues with the IP Packets to Pose Challenge and Hinder the Market Growth"

Because an IDS cannot see encrypted packets, intruders can utilize them to gain access to the network. An intrusion detection system (IDS) will not detect these intrusions until they are farther into the network, leaving your systems unprotected until the intrusion is identified. This is a major worry as encryption becomes more widely used to protect personal data. An IDS reads the contents in an IP packet, but the network address can still be spoof. When an attacker uses a bogus address, the threat becomes more difficult to identify and assess.

Intrusion Detection System & Intrusion Prevention System (IDS & IPS) Market REGIONAL INSIGHTS

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"North American Region to Lead with Diversified IT Marketplace"

The global intrusion detection system & intrusion prevention system (IDS & IPS) market share is now dominated by the areas of North America, and this trend is anticipated to continue over the coming years. In North America, mainly the United States, more than 40% of the world's IT market is located. These factors such as rising act of cybercrime, phishing, data spamming and theft are also propelling the region's intrusion detection system & intrusion prevention system (IDS & IPS) market growth.

KEY INDUSTRY PLAYERS

"Prominent Manufacturers to Contribute Towards Expansion of Market"

The report is an extensive research which presents the historic and futuristic performance of industry with competitive landscape analysis which incorporates prominent key players ,and revenue trends of industry. The report provides substantial analysis of company profiling, growth insights, supply-demand chain, production and consumption demand, business expansion strategies adopted by top key players. The information is a collusion of latest technological developments, trends, production lines mergers and acquisitions, market study and other factors.

List of Market Players Profiled

• Checkpoint (U.S.A)
• Cisco (U.S.A)
• Corero Network Security (U.K)
• Dell (U.S.A)
• Extreme Networks (U.S.A)
• HP (U.S.A)
• IBM (U.S.A)
• Juniper Networks (U.S.A)
• Mcafee (U.S.A)
• Nsfocus (China).

REPORT COVERAGE

The report anticipates a detailed analysis of the global market size at the regional and national level, the segmentation market growth and market share. The prime objective of the report is to help user understand the market in terms of definition, market potential, influencing trends, and the challenges faced by the market. Analysis of sales, the impact of the market players, recent developments, opportunity analysis, strategic market growth analysis, territorial market expansion, and technological innovations are the subject matter explained in the report.