Global IDS/IPS Market Flourishing Owing to the Growing Domestic and Commercial Security Concerns

As per the findings of a newly published market research report by IndustryARC, the global Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market size was approximately $5 billion as of 2018. And its value is projected to escalate at a CAGR of 12% during the forecast period of 2019-2025. The immense adoption of network security process products owing to the advancing IT sector has stroked the demands in the intrusion detection systems (IDS) market. Growing inclination towards office and home security automation is also one of the major driving factor for the intrusion detection market, whereas increasing instances of phi sing and cyber security breaches are propelling the demand in the intrusion prevention systems (IPS) market. 

Also, the increasing security breaches and criminal activities around the domestic as well as commercial sector has boosted the growth in the intrusion detection market. Furthermore, the escalating disposable income in several developing and developed economies can also be augmented for the market growth in the intrusion detection market.  Stringent government policies in the Americans and the European countries to reduce intrusions are expected to virtue humungous demands in the intrusion detection market. 

According to the IndustryARC’s business analysis report, the North American region grabs the highest market share in the global intrusion detection system / intrusion prevention system market. The region grabs almost 30% to 35% of the total marketplace. The largest demands for the aforementioned market is coming from the banking, financial services, and insurance (BFSI) sector. The BFSI sector is growing at an incredible CAGR of 15% during the forecast period of 2019 to 2025.

The lucrative demands for security information and event management systems from the BFSI industry is expected to contribute to the market revenue in the intrusion detection system/intrusion prevention systems market. The demands are prevailing due to the presence of ransomwares, viruses, and malware which are detected through the anomaly-based detection process, packet filtering, and application control processes. 

Some of the key companies identified in the report that are currently holding majority shares in the global Global Intrusion Detection System/ Intrusion Prevention System market are: Cisco, IBM, Fireeye, McAfee, Checkpoint Security, Juniper,  Trend Micro, NSFocus, AhnLab, Huawei, Hillstone Networks, Dell Secureworks, Palo Alto Networks, Fortinet, and Symantec.

Intrusion Detection System Market: By Type(Host-Based IDS, Wireless IDS, Network-Based IDS) Deployment(On-Site, Cloud Based IDS) Industry(Banking, Financial & Government Institutions, IT, Aviation, Transport, Defence, Education, Others)-Forecast (2018-2023)

Physical Intrusion Detection and Prevention Systems Market: By Type (Keypad, Access Control, Biometrics & Smart Card); By End-user; By Service and By Component - Forecast(2018 - 2023)