The intrusion deduction and prevention system market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to expanding digitization, increased demand for robust security solutions, and increased mobility. Major trends in the forecast period include regulatory changes, cybersecurity threats landscape, economic conditions, market dynamics.
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Segmentation & Regional Insights
The intrusion deduction and prevention system market covered in this report is segmented –
1) By Type: Host Based Intrusion Detection System, Network-Based Intrusion Detection System, Online Network Intrusion Detection System, Offline Network Intrusion Detection System
2) By Component: Hardware, Software, Services
3) By Deployment Type: On-Premises Deployment, Cloud Deployment
4) By End User: Banking, Financial Services, and Insurance, Retail and Ecommerce, Information Technology And Telecommunications, Other End Users
North America was the largest region in the intrusion deduction and prevention system market in 2023. The regions covered in the intrusion deduction and prevention system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The increasing cybersecurity threats are expected to propel the growth of the intrusion detection and prevention system market going forward. Cybersecurity threats refer to malicious activities or events that pose risks to information systems, networks, devices, and data. This threat arises because of reliance on technology, the expansion of attack surfaces, and a lack of cybersecurity awareness and education. Intrusion detection and prevention systems are used to proactively monitor networks, detect threats, and take preventive actions to safeguard against cyber attacks while ensuring the integrity, confidentiality, and availability of their systems and data. For instance, in February 2023, according to the Australian Cyber Security Centre, an Australia-based cyber security agency, cyber crime reports received were 76,000 in 2022, up from 13% from the previous year. Therefore, the increasing cybersecurity threats are driving the growth of the intrusion detection and prevention system market.
Key Industry Players
Major companies operating in the intrusion deduction and prevention system market are AT&T Inc., Robert Bosch LLC, Hewlett Packard Enterprise Development LP, Dell Technologies, Tyco International Ltd., Palo Alto Networks, Juniper Networks Inc., Allegion plc, Nortek Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Bricata Inc., Hilstone Networks, Symantec Corporation, Huawei, Corero Network Security Inc., Secureworks Inc., Fortinet Inc., Darktrace, Trustwave Holdings, Tipping Point, AlertLogic, ExtraHop Networks, Cynet
The intrusion deduction and prevention system market report table of contents includes:
1. Executive Summary
2. Intrusion Deduction And Prevention System Market Characteristics
3. Intrusion Deduction And Prevention System Market Trends And Strategies
4. Intrusion Deduction And Prevention System Market – Macro Economic Scenario
5. Global Intrusion Deduction And Prevention System Market Size and Growth
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31. Intrusion Deduction And Prevention System Market Other Major And Innovative Companies
32. Global Intrusion Deduction And Prevention System Market Competitive Benchmarking
33. Global Intrusion Deduction And Prevention System Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Intrusion Deduction And Prevention System Market
35. Intrusion Deduction And Prevention System Market Future Outlook and Potential Analysis
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