Global IDS/IPS Market Flourishing Owing to the Growing Domestic concernsPosted by niharika on July 23rd, 2019 Global Intrusion Detection System/ Intrusion Prevention System Market: Demand Analysis and Growth Forecast 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 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. Global Intrusion Detection System/ Intrusion Prevention System Market: Leading Segments 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. View Full Table Of Content Of Intrusion Detection System/ Intrusion Prevention System Market:
Network intrusion detection system (NIDS) and host based intrusion detection systems (HIDS) are two of the prominent technologies used in the intrusion detection and prevention systems. The system is installed on the network and the host respectively, these systems are responsible for detecting and preventing breaches in the host and the network systems. Global Intrusion Detection System/ Intrusion Prevention System Market: Competitive Landscape 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. Talk to one of our sales representative about the full report by providing your details in the link below: About IndustryARC: IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. Like it? Share it! More by this author |