Wireless Intrusion Detection and Prevention System (WIPDS) Market Size, Share, Growth, and Industry Growth, By Type (Wireless Intrusion Detection Systems (WIDS) and Wireless Intrusion Prevention Systems (WIPS)), By Application (Finance, Government, IT, and Telecom, Health, Utilities, and Education Institutes), Regional Forecast By 2031

Updated On: 15 April 2024

WIPDS Market Report Overview

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The global wireless intrusion detection and prevention system (WIPDS) market size is USD 1.11 billion in 2021.  As per our research, the market is projected to touch USD 3.82 billion by 2031, exhibiting a CAGR of 13.12% during the forecast period.

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

A wireless intrusion detection and prevention system (WIPDS) is a piece of hardware or software that recognizes when someone is attempting to hack into a system or network. The internet's phenomenal expansion and use raise new concerns about its security and the safe transmission of digital information. For businesses, governments, and industries all throughout the world, the intrusion is a serious problem.

Monitoring network activity for potential mishaps, violations, or impending cyber threats to an organization's security policy is done using intrusion detection and prevention systems. The process of detecting intrusions and then putting a halt to those instances is known as wireless intrusion detection and prevention systems (WIPDS). Intrusion prevention systems (IPS) and intrusion detection systems (IDS), which are developed as a component of a computer network to halt and identify potential occurrences, are accessible as these security measures. Some networks also employ IDS to both detect security policy issues and stop users from violating security policies. IDS has grown to be a significant addition to most administrations' safety structures.

COVID-19 Impact: Steady Adoption of Games and Entertainment Boosted Growth

The disease has expanded to almost every nation worldwide since the COVID-19 viral outbreak in December 2019, prompting the WHO to declare it a public health emergency. In 2020, it is anticipated that the market for wireless intrusion detection and prevention systems (WIPDS) will be greatly impacted by the disease's global effects, which are already beginning to be seen. People must stay at home even when governments have instituted lockdowns to stop the virus's spread. Digital commerce, gaming, entertainment, and educational apps are just a few of the applications that have experienced an increase in lockdown and coronavirus pandemic. Increased use of these apps is anticipated to fuel market expansion.

LATEST TRENDS

"Rising Number of Privacy Breach Cases to Propel Market Growth"

The internet usage for controlled and administratively driven attacks on endpoints, IT infrastructures, networks, and data that cause governments, businesses, and individuals to lose data is an example of a large-scale cyber strike on a worldwide scale. Cybercrimes are happening more frequently as a result of the global vertical's accelerating pace of digital communications. The wireless intrusion detection and prevention systems (WIPDS) are due to the enterprise data breaches or data leaks.

WIPDS Market Segmentation

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• By Type Analysis

By type, the market is segmented into wireless intrusion detection systems (WIDS) and wireless intrusion prevention systems (WIPS). 

• By Application Analysis

Based on application, the market is classified into finance, government, IT and telecom, health, utilities, and education institutes. 

DRIVING FACTORS

"Expanding Digitization to Surge Market Growth"

The use of cutting-edge technologies such as cloud computing, artificial intelligence, and the internet of things (IoT) as well as the growing trend of digitalization, are the main drivers of the market demand for intrusion detection and prevention systems (IDS / IPS). Organizations have been able to embrace next-generation IDS/IPS due to a number of security flaws and a shoddy IT infrastructure, which is fueling market expansion. The strategy of new product development and geographical growth has been embraced by businesses to promote market innovation and cater to a bigger client base.

Expanding adoption of technology in various sectors to bolster growth in the market

Due to the concern over losing official data and compromising any information, intrusion detection systems are becoming more and more in demand across a variety of industries, including telecom, BFSI, and defense. As they watch over and identify dangers to your computer system over the anticipated period, intrusion detection system adoption is increasing. Both host-based and network-based intrusion detection systems are included in the two different types of detection systems that make up the system.

RESTRAINING FACTORS

"Rising Cases of Cyber Threats to Hinder Market Expansion"

Cyber threats are expanding at a faster rate than ever before, and businesses all over the world are being pressured to find brilliant professionals who can help them mitigate these risks. Organizations struggle to satisfy their changing IT security requirements because there aren't enough qualified security specialists available. Therefore, the global market's ability to grow is constrained by a lack of skilled security personnel. These factors are expected to impede the wireless intrusion detection and prevention systems (WIDPS) market growth.

WIPDS Market Regional Insights

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"North America To Lead The Global Market Due To The Maintainable Countries' Existence "

North America is expected to lead the global market owing to the well-settled and maintainable countries that allows the region to capitalize in research and development activities. The region is focused on arranging cybersecurity and gaining a larger budget to deal with privacy threats.

Asia Pacific is anticipated to show significant growth owing to the increasing per capita income coupled with higher rates of burglary.

KEY INDUSTRY PLAYERS

"Key Players Focusing On Innovative Technology Development to Grow in Market"

To expand their range of security solutions, the companies operating in the intrusion detection system/intrusion prevention system market place a high priority on implementing cutting-edge technologies for new product development. The businesses are forming strategic alliances and collaborations to expand their reach internationally and satisfy particular client needs. For instance, Symantec and NTT Security collaborated in April 2018 with the goal of bolstering their cybersecurity efforts. Through this partnership, users of on-premise, cloud, and mobile platforms will have access to expanded web application security service capabilities. 

List of Market Players Profiled

• WatchGuard  (U.S.)
• Huawei (China)
• IBM (U.S.)
• AirWave (Aruba) (U.S.) 
• Check Point (Israel)
• Extreme Networks (U.S.)
• Cisco (U.S.)
• Fortinet (U.S.)
• Netscout (U.S.)

REPORT COVERAGE

The market research study offers thorough information on numerous market aspects. The growth drivers, restraints, geographical analysis, competitive environment, and challenges are a few of them. Additionally, it provides an analytical analysis of market trends and projections for stem cells to show potential investment areas. From 2021 through 2031, the market is objectively assessed to determine its financial viability. The report's data was compiled using a variety of primary and secondary sources.