By 2025, IDS / IPS market to surpass $8 billion

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Intrusion Detection System / Intrusion Prevention
System (IDS / IPS) market to grow at 12 CAGR
from 2019 to 2025 Global Market Insights, Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Overview of IDS / IPS Market

• The Europe IDS / IPS market is projected to grow
  at a fast rate with a CAGR of over 12 during the
  forecast timeframe. The market in this region is
  anticipated to grow at a fast pace due to a rise
  in the number of public-private partnerships and
  government investments to deploy the IDS / IPS in
  various points of network system. For instance,
  the European Union Commission has launched a
  public-private partnership on cybersecurity that
  is expected to trigger USD 2 billion of
  investment by 2020. The UK holds a strong
  position in the Europe market due to the growing
  adoption of cloud in public sector institutes by
  the UK government driving the growth of intrusion
  detection system / intrusion prevention system
  (IDS / IPS) market. Furthermore, in January 2019,
  UK government revealed more than 1.7 billion
  records leaked in the January month through data
  breaches and cyber-attacks in turn accelerating
  the market demand.
• The IDS / IPS market growth is attributed to
  factors including the growing number of IT data
  breaches and security threats, rising demand for
  enterprise mobility, and stringent regulations
  established by government to safeguard consumer
  data. On an average, over one million new types
  of malware are created by attackers each day.
  These malwares try to infiltrate networks
  increasing the threat of network attacks, driving
  the usage and demand for global intrusion
  detection system / intrusion prevention system
  market. The IDS / IPS solutions monitor the
  working of firewalls, routers, files and key
  servers in the network and sends appropriate
  notifications and alarms on detecting a breach
  within the network, helping operators to
  establish and implement effective controls.

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• Government globally are making strategic
  investments in protecting the countrys cyber
  health driving the IDS / IPS market demand. For
  instance, in January 2019, the UK government
  announced to invest USD 112 million in
  cybersecurity related RD. The government aims to
  eliminate many cyber threats by designing
  advanced security solutions thereby reducing the
  cyber risks for services and business. The
  Belgian government has also proposed a new
  investment plan named the National Pact for
  Strategic Initiatives under which the government
  plans to invest USD 16.8 billion in ICT security
  between 2019 to 2030. These government
  investments will help the enterprises in
  developing a secured computing environment
  eliminating the threat of cybercrime.
• The managed service accounts for the largest
  share in the global IDS / IPS market and is
  projected to remain dominant over the forecast
  timespan. The adoption of managed service is on a
  rise mainly due to the increased sophistication
  and skill of network attacks, rising number of
  possibilities to access a network and the growing
  complexity of defending against threats and
  intrusion. The managed service providers offer a
  virtual team to investigate alerts, report
  security threats, and offer the remediation
  guidance improving the customers ability to
  respond to unauthorized access or potential
  intrusions effectively and swiftly driving its
  market adoption rate.

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• UK Intrusion Detection System / Intrusion
  Prevention System Market Revenue, By Type, 2018
  2025 (USD Million)

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• The network-based IDS / IPS accounted for a share
  of over 24 in 2018 in the global intrusion
  detection system / intrusion prevention system
  market. This system is used for monitoring and
  analyzing network traffic to safeguard the system
  from network-based threats. It enables
  organization to use limited devices for
  monitoring large networks augmenting their
  adoption rate. It provides improved visibility
  across the network, making it easier to meet the
  security regulations. The systems can also
  automate hardware inventories reducing labor cost
  and improving efficiency augmenting their demand
  in the global market.
• The on-premise deployment model dominates the
  intrusion detection system / intrusion prevention
  system (IDS / IPS) market with a share of over
  50 in 2018. The on-premise IDS / IPS assists
  businesses to control the flow of information as
  well as its storage efficiently thereby offering
  enhanced protection to the IT infrastructure.
  These systems also help in safeguarding the
  network from attacks protecting private and
  customer data and facilitating seamless and
  secured communication inside company and remote
  users. However, due to the enhanced flexibility
  and scalability offered by cloud-based IDS / IPS
  solutions the demand of cloud model is expected
  to grow significantly over the forecast period.

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• The BFSI sector is predicted to grow at the
  fastest rate in the IDS / IPS market growing at a
  CAGR of 15 between 2019 to 2025. The BFSI
  industry deals with huge bulk of financial data
  facilitating insurance, transactions and related
  financial services to its customers. These
  financial institutions are prone to huge cyber
  crimes and physical risks, thereby demanding
  enhanced security solutions for the industry. The
  rising adoption of advanced technology,
  electronic platform, internet, cloud, and mobile
  banking have created an increased susceptibility
  to cyber threats to the critical data of the
  banking customers. This has enhanced the
  requirement for implementing next generation IDS
  / IPS solutions in the banking sector.
• The key vendors operational in the IDS / IPS
  market are Cisco, IBM, Dell, Juniper Networks,
  HP, Huawei, Symantec, Trend Micro, Imperva,
  McAfee, Sophos, Extreme Networks, and BAE
  Systems. Companies operating in the market are
  consistently involved in developing and
  commercializing advanced intrusion prevention
  systems. For instance, in January 2017, Trend
  Micro, one of the leading global providers of
  security protection solutions, announced the
  availability of TippingPoint NX Series
  Next-Generation Intrusion Prevention Systems
  (NGIPS). The solution can deliver up to 100 GB
  inspection throughput with low latency.

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