The global intrusion detection & protection systems market is estimated at USD 5.5 Billion in 2022 and is forecast to surpass USD 18.4 Billion by 2032, growing at a CAGR of 12.8% from 2022 to 2032.
The global intrusion detection & protection systems market accounted for ~1% of the global ICT market in 2021. The global intrusion detection & protection systems market is estimated to have an absolute $ opportunity of USD 12.9 Billion during the forecast years of 2022-2032.
An in-depth examination of the Intrusion Detection & Protection System Market’s competitive landscape has made it possible to provide information on firm profiles, financial standing, recent developments, mergers and acquisitions, and SWOT analysis. To help readers decide further on this market project, this study report will offer a patent that addresses their main concerns about the state of the market as a whole.
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Escalating number of Security Breaches, Cyberattacks Driving Market Demand
The instances of massive cyberattacks have witnessed an increase worldwide. It involves the usage of the internet for deliberate attacks on endpoints, IT infrastructures, networks, data etc. leading to financial losses for governments, enterprises and individuals. Moreover, there has been an increase in the number of digital transactions leading to an enhanced frequency of cybercrimes.
Therefore, the increasing number of data breaches and data leakages is fueling the market demand and growth of the intrusion detection & protection systems market by 1.3X during forecast years of 2022-2032.
Augmented Growth in BYOD and CYOD Provides Opportunity
Companies and organizations are mobilizing their workforce as the technology related to BYOD is improving. Companies are adopting the BYOD model, and are subscribing to security services to protect devices such as tablets, smartphones, laptops, desktops etc. from cyber threats.
This not only protects devices inside offices premises but also in remote access to the corporate network. This is estimated to provide a gain of 430 BPS to the intrusion detection & protection system market in the coming forecast years of 2022-2032.
Key Companies Profiled
- Cisco Systems
- Symantec Corporation
- CheckPoint Security Software Market
- Trend Micro
- Juniper Networks Inc.
- Other Market Players
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Global Intrusion Detection & Protection Systems Market by Category
- By Deployment Type, Global Intrusion Detection & Protection Systems Market is segmented as:
- On-Premises Intrusion Detection & Protection System
- SaaS Intrusion Detection & Protection System
- By Application, Global Intrusion Detection & Protection Systems Market is segmented as:
- Network Based IDS System
- Hybrid Based IDS System
- Host Based IDS System
- By End-User, Global Intrusion Detection & Protection Systems Market is segmented as:
- Small & Medium Enterprises
- Large Enterprises
- By Industry, Global Intrusion Detection & Protection Systems Market is segmented as:
- BFSI Industry
- Healthcare Industry
- IT & Telecom Industry
- Retail Industry
- Energy & Utilities
- Manufacturing Industry
- By Region, Global Intrusion Detection & Protection Systems Market is segmented as:
- North America
- Latin America
- East Asia
- South Asia
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