Global Intrusion Detection System Market

Intrusion Detection System Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Type(Network-based, Wireless-based, Network behavior analysis, Host-based), By Deployment Mode(Cloud, On-Premises), By Region - Industry Forecast 2024-2031

Report ID: SQSG45E2039 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Intrusion Detection System Market Dynamics

Intrusion Detection System Market Driver

  • The use of the internet for planned, politically motivated attacks on endpoints, networks, data, and other IT infrastructures results in data loss for individuals, businesses, and governments in instances of significant cyberattacks around the world. Cybercrimes are happening more frequently as a result of the quick increase in digital transactions across all sectors worldwide. The market for intrusion detection and prevention systems is being driven by the rise in enterprise data breaches and data leaks.

Intrusion Detection System Market Restraint 

  • Many firms, even SMEs, are concerned about the cost of cybersecurity. Large businesses have enough funding to build up a reliable environment for information security control. For SMEs, investing a significant amount of money in cybersecurity is difficult because they simultaneously invest a significant amount in other IT infrastructure. Cutting-edge cybersecurity solutions demand significant investments in research and development (R&D), which drives up the cost of the security solutions. For cybersecurity experts to properly carry out their IT security activities, sufficient funding continues to be a major worry.
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FAQs

Global Intrusion Detection System Market size was valued at USD 4.52 billion in 2019 and is poised to grow from USD 4.8 billion in 2023 to USD 8.18 billion by 2031, growing at a CAGR of 6.11% in the forecast period (2024-2031).

Due to the presence of numerous local and regional companies, the market for intrusion detection and prevention systems is extremely fragmented and competitive. Key players use a variety of marketing tactics, including mergers & acquisitions, expansions, collaborations, and partnerships. Additionally, the top businesses use new product creation as a strategic way to enhance their market position among consumers. These tactics led to the inclusion of sophisticated intrusion detection and security systems. 'Honeywell International Inc.', 'Tyco International Ltd. (Johnson Controls International Plc)', 'Bosch Security Systems (Robert Bosch GmbH)', 'Schneider Electric SE', 'FLIR Systems, Inc.', 'Nortek Security & Control LLC (Melrose Industries Plc)', 'Axis Communications AB (Canon Inc.)', 'Hikvision Digital Technology Co., Ltd.', 'Anixter International Inc.', 'ADT Inc.', 'Securitas AB', 'STANLEY Security (STANLEY Black & Decker, Inc.)', 'Panasonic Corporation', 'Johnson Controls International Plc', 'Molex LLC (Koch Industries, Inc.)', 'UTC Fire & Security (United Technologies Corporation)', 'Siemens AG', 'Corning Incorporated', 'Verint Systems Inc.', 'AxxonSoft'

The use of the internet for planned, politically motivated attacks on endpoints, networks, data, and other IT infrastructures results in data loss for individuals, businesses, and governments in instances of significant cyberattacks around the world. Cybercrimes are happening more frequently as a result of the quick increase in digital transactions across all sectors worldwide. The market for intrusion detection and prevention systems is being driven by the rise in enterprise data breaches and data leaks.

As BYOD-related technology develops, businesses are mobilizing their employees. Organizations are signing up for security services to shield devices like smartphones, tablets, desktop computers, and laptops from cyber dangers as a result of the BYOD model's adoption. Businesses now need to safeguard devices that have remote access to the corporate network in addition to those that are inside the workplace due to the growing use of BYOD. The IDPS market is anticipated to expand as a result of this aspect, greatly increasing the use of IDPS solutions.

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.

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Global Intrusion Detection System Market

Report ID: SQSG45E2039

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