Growing Sophistication of Cyber-attacks to Boost Intrusion Detection System Market Size By 2022
Intrusion Detection System Market Size
ntrusion detection system or IDS is aimed at detecting attacks against computing systems and networks and have gained significance in the IT industry. Market Research Future (MRFR) has published an in-depth study on global intrusion detection system market, outlining the various factors that can impact the market over the assessment period of 2016-2022. MRFR has predicted the market to capture a steady CAGR and reach a significant valuation by the end of 2022.
Intrusion detection systems, for long, have been a topic for research & development and have gained mainstream popularity in the past few years. This has resulted in the progress of advanced intrusion detection systems. As enterprises are moving the majority of their critical business interactions to the internet, there is a heightened need to keep their computing resources secure. Additionally, growing sophistication of cyber-attacks and increased IT spending by companies has triggered demand within the intrusion detection system market. Cyber-attacks have been on the rise, and cyber attackers have continuously discovering new vulnerabilities or security gaps which could lead to potential breaches. various organizations are investing heavily in their IT infrastructure. In addition, government bodies and large business organizations are progressively adopting intrusion detection systems to protect their highly confidential data. Other factors fostering the growth of the market include growing consumer awareness and augmenting need for remote access arising from the deployment of cloud and wireless technology in security systems. Mounting demand from the BFSI sector to safeguard valuable articles along with increasing demand from the residential sector is likely to fuel the growth of the market over the forecast period.
On the contrary, the growth of the market might be impeded by a lack of awareness and high installation cost.
Segmentation
The global intrusion detection system market has been segmented based on deployment, component, and end user.
By deployment, the intrusion detection system market has been segmented into cloud-based and infrastructure based.
By component, the intrusion detection system market has been segmented into BFSI, IT& Communication, aerospace & defense, software industry, manufacturing, government, and healthcare.
Regional Analysis
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.
Competitive Landscape
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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Intrusion Detection System (IDS) Market by Type Growth, Trends Forecast 2022 | IDS Market
Intrusion Detection System (IDS) Market is a technology which can be deployed as a device or…
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