The global [FURL=https://www.industryarc.com/Research/Intrusion-Detection-System-intrusion-Prevention-System-Market-Research-500787]Intrusion Detection System or Intrusion Prevention System (IDS or IPS) Market[/FURL] which was valued at about $5 billion in 2018, is expected to grow at a CAGR of 12% during the forecast period 2019-2025. Rising security threats to computer networks and consistently changing regulatory landscapes have resulted in the rapid development of IDS/IPS. Cyber attacks on enterprises through ransomware, malware, and Denial of Service (DOS) are capable of compromising the existing security systems. Moreover, these security breaches cause long-lasting damage to enterprises, in terms of regaining customer trust. Growing threat from cyber incidents to enterprises, coupled with an increase in the number of connected devices within enterprises, is analyzed to be one of the major factors driving the adoption of IDS/IPS during 2019-2025.Key Takeaways
The major driving factor in the Intrusion Detection/Prevention System market is increasing deployment of cloud computing across various industries such as BFSI, IT and Telecom, and Healthcare. The cloud computing and hosting market is forecast to grow from $86.01 billion in 2016 to $155.9 billion in 2020, which will reflect significant growth in the IDS/IPS system market.
The host-based IDS/IPS Systems analyze the activities on servers and provide real-time visibility into the overall system. Ongoing developments by major players and launch of new products are the major strategies being adopted by market players. For instance, HIDS introduced by HP, named HP-UX HIDS, provides enhanced security with better configuration.
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Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Segment Analysis - By Geography
The intrusion prevention and intrusion detection systems market in North America held the largest share of 34.5% in 2018. Implementation of IoT-based smart technologies in the North American region is improving work efficiency and providing high levels of security to enterprises. Security vulnerabilities within IoT-based systems give rise to security threats which affect the organization.
Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Drivers
Increasing use of Cloud Computing:
Market Landscape : The major players in the IDS/IPS market include Cisco Systems, Inc., IBM Corp, FireEye, Inc., McAfee, LLC, Check Point Software Technologies Ltd., Juniper Networks, Trend Micro Incorporated, NSFocus Inc, AhnLab, Inc., Huawei Technologies Co., Ltd., Hillstone Networks Inc, SecureWorks, Inc., Palo Alto Networks, Inc., Fortinet, Inc., and Symantec Corporation among others.
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