Report ID: SQSG45E2039
Report ID:
SQSG45E2039 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
89 |
Figures:
76
The intrusion detection and protection systems market is dominated by North America accounting for over 25.3% of the global market share, and is expected to expand at a CAGR of 13.3% over the course of the forecast years. This is explained by the fact that the area is home to numerous stable, established economies that support investment and make considerable investments in R&D initiatives, hence fostering the creation of new technology.
The markets for intrusion detection and protection systems in East Asia and South Asia account for 19.7% and 18.4% of the global market, respectively. They collectively account for 38.2% of the intrusion detection & protection systems market. The development and acceptance of methodologies like artificial intelligence, machine learning, big data analytics, internet of things (IoT), etc. in developing nations like China and India is credited with the fast growth. To broaden their customer base, small and medium-sized businesses are also expanding faster than ever before. Due to the region's increased vulnerability to malware and cyberattacks, intrusion detection and protection software is becoming increasingly important there. This is predicted to support market growth in the upcoming years of about 20%, or one-fifth of current levels.
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Report ID: SQSG45E2039