Intrusion Deduction And Prevention System Market Outlook 2024-2033

Market Size –
The intrusion deduction and prevention system market size has grown strongly in recent years. It will grow from $5.21 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The growth in the historic period can be attributed to increased frequency and sophistication of cyber attacks, advancement in technology, and increased insider threats.

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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Scope Of Intrusion Deduction And Prevention System Market
The Business Research Company’s reports encompass a wide range of information, including:

1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.

2. Drivers: Examination of the key factors propelling market growth.

3. Trends: Identification of emerging trends and patterns shaping the market landscape.

4. Key Segments: Breakdown of the market into its primary segments and their respective performance.

5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.

6. Macro Economic Factors: Assessment of broader economic elements impacting the market.

Intrusion Deduction And Prevention System Market Overview

Market Drivers –
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.

Market Trends –
Major companies operating in the intrusion deduction and prevention system market are developing innovative technological solutions, such as industrial intrusion prevention systems (IPS), to address the evolving cybersecurity landscape and enhance protection for critical infrastructure. It is a type of security solution that is designed to protect critical infrastructure and industrial networks from cyber threats by detecting and preventing malicious activities. For instance, in October 2022, Moxa Inc., a Taiwan-based technology company specializing in edge connectivity, introduced industrial intrusion prevention systems (IPS) on its EDR-G9010 Series secure routers, enhancing its cybersecurity capabilities for safeguarding critical infrastructure. This integration of IPS technology into the EDR-G9010 series transforms these routers into industrial next-generation firewalls, providing advanced threat detection and prevention features. This series is an all-in-one secure router with firewall, NAT (Network Address Translation), VPN (Virtual Private Network), and switch functionality. Additionally, IPS turns the EDR-G9010 Series into an industrial next-generation firewall equipped with threat detection and prevention capabilities to further protect critical infrastructure from cybersecurity attacks.

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

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Regional Insights –
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.

Key Companies –

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

Table of Contents
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
36.Appendix

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