Intrusion Detection and Prevention Systems Market worth $7.1 billion by 2024
According to a research report "Intrusion Detection and Prevention
Systems Market by
Component (Solutions and Services), Type, Deployment Type (Cloud and
On-Premises), Organization Size (SMEs and Large Enterprises), Vertical, and
Region - Global Forecast to 2024", published by MarketsandMarkets, the global Intrusion
Detection and Prevention Systems (IDPS) market size is projected to grow from
USD 4.7 billion in 2019 to USD 7.1 billion by 2024, at a Compound Annual Growth
Rate (CAGR) of 8.3% from 2019 to 2024. The major growth drivers for the market
include the increasing number of security breaches and cyberattacks.
Browse and
in-depth TOC on “Intrusion Detection and Prevention
Systems Market”
133 - Tables
28 - Figures
175 - Pages
Market Players
Key market
players profiled in the Intrusion Detection and Prevention
Systems Market report include Cisco Systems (US), IBM (US), McAfee
(US), Trend Micro (Japan), Palo Alto Networks (US), AT&T (US), Darktrace
(US and UK), FireEye (US), AlertLogic (US), Fortinet (US). These players offer
IDPS solutions to cater to the demands and needs of the market. Major growth
strategies adopted by these players include partnerships, collaborations and
agreements, and new product launches/product enhancements.
By organization size, the large
enterprise segment to lead the market in 2019
Large
enterprises are organizations that have more than 1,000 employees. These
organizations invest heavily in advanced technologies for increasing overall
productivity and efficiency. To reduce CAPEX and OPEX of infrastructure, large
enterprises are widely opting cloud IDPS solutions. Large enterprises are
expected to invest significantly in implementing advanced cloud IDPS solutions
that are capable of anomaly-based detection to provide optimum security to
their enterprises’ intense competitive environment.
Large
enterprises have adopted cloud security solutions, as they use a large number
of cloud and Internet of Things (IoT)-based applications susceptible to
cyberattacks. Moreover, as they face threats from targeted attacks to disrupt
their Information Technology (IT) services, these organizations adopt cloud
IDPS solutions to provide effective security.
North America is expected to hold the largest market
size during the forecast period.
North American has sustainable and
well-established economies, which empower it to invest significantly in
Research and Development (R&D) activities, thereby contributing to the
development of new technologies in the IDPS market. The presence of the
majority of key players is expected to be the major factor driving the growth
of the market in this region. Key players, such as Cisco Systems, Palo Alto
Networks, FireEye, and Fortinet, along with several start-ups in the region
offer IDPS solutions and services.
Content
Source: https://www.marketsandmarkets.com/PressReleases/intrusion-detection-prevention-system.asp
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