Security threats in various organizations are increasing with the development of technology that is aiding cybercriminals to come up with different techniques to carry out hacking and other unethical activities. Intrusion detection system supervises network, system or infrastructural activities to detect policy violation, malicious activities and security breach. According to the report published by Market Research Future (MRFR), the global intrusion detection system market is registered to expand steadily during the forecast period of 2016–2022.
Market Drivers and Restraints:
Increasing global concern regarding cyber threats and hacking activities is playing a vital role in inducing high demand for intrusion detection systems in the global market. Growing adoption of advanced security solutions in IT and communication sector and rise in security threats to enterprise networks are some of the factors that are propelling the growth of the global intrusion detection system market.
Rapid technological advancement and increase adoption of high-tech solutions to secure the data and premises of various organizations and recent developments in semiconductor technology are projected to be fueling the growth of the global intrusion detection system market. However, lack of awareness and poor understanding regarding the available intrusion detection system are likely to hinder the growth of the global intrusion detection system market during the forecast period.
By region, the intrusion detection system market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).
The existence of key players in the region, along with technological competence, is supporting the growth of the North America intrusion detection system market. North America held the largest share of the market in 2015 and is anticipated to exhibit rapid growth over the forecast period. High expenditure on safety and security systems by both the private as well as public sector is also fostering the market growth. The level of awareness in North America is considerably high in the developed economies which also act as a plus for the growth of the market.
The APAC and Europe intrusion detection system markets are growing at a torrid pace. The expansion of the security market in these regions has favored the growth of the market.
The RoW market, especially the Middle East & Africa market, is estimated to showcase remarkable growth in the coming years. Heightened focus on security along with surging investment on the development of data center by IT companies is key to the growth of the market.
The intrusion detection system market is marked by the presence of various notable players including Dell (U.S.), Extreme Networks (U.S.), Hewlett-Packard (U.S.) , IBM (U.S.), Metaflows, Inc. (U.S.), Symantec (U.S.), Corero (Massachusetts), Check point (Israel), McAfee (California), and Cisco (U.S.).
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