Intrusion Detection / Prevention System Market to hit $8bn by 2025: Global Market Insights, Inc.

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Selbyville, Delaware, March 26, 2019 (GLOBE NEWSWIRE) —

The intrusion detection system / intrusion prevention system (IDS / IPS) market is estimated to hike from USD 3 billion in 2018 to USD 8 billion by 2025, according to a 2019 Global Market Insights, Inc. report. The market growth is attributed to factors including the growing number of IT data breaches and security threats, rising demand for enterprise mobility, and stringent regulations established by government to safeguard consumer data.

On an average, over one million new types of malware are created by attackers each day. These malwares try to infiltrate networks increasing the threat of network attacks, driving the usage and demand for global intrusion detection / prevention system market. The IDS / IPS solutions monitor the working of firewalls, routers, files and key servers in the network and sends appropriate notifications and alarms on detecting a breach within the network, helping operators to establish and implement effective controls.

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The managed service accounts for the largest share in the global IDS / IPS market and is projected to remain dominant over the forecast timespan. The adoption of managed service is on a rise mainly due to the increased sophistication and skill of network attacks, rising number of possibilities to access a network and the growing complexity of defending against threats and intrusion. The managed service providers offer a virtual team to investigate alerts, report security threats, and offer the remediation guidance improving the customers’ ability to respond to unauthorized access or potential intrusions effectively and swiftly driving its market adoption rate.

The network-based IDS / IPS accounted for a share of over 24% in 2018 in the global intrusion detection / prevention system market. This system is used for monitoring and analyzing network traffic to safeguard the system from network-based threats. It enables organization to use limited devices for monitoring large networks augmenting their adoption rate. It provides improved visibility across the network, making it easier to meet the security regulations. The systems can also automate hardware inventories reducing labor cost and improving efficiency augmenting their demand in the global market.

The on-premise deployment model dominates the IDS / IPS market with a share of over 50% in 2018. The on-premise intrusion detection / prevention system assists businesses to control the flow of information as well as its storage efficiently thereby offering enhanced protection to the IT infrastructure. These systems also help in safeguarding the network from attacks protecting private and customer data and facilitating seamless and secured communication inside company and remote users. However, due to the enhanced flexibility and scalability offered by cloud-based IDS / IPS solutions the demand of cloud model is expected to grow significantly over the forecast period.

Browse key industry insights spread across 260 pages with 348 market data tables & 31 figures & charts from the report, “Intrusion Detection System / Intrusion Prevention System (IDS / IPS) Market Size By Component (Solution [Physical Appliances, Virtual Appliances], Service [Managed Service, Training and Consulting Service, Integration Service]), By Type (Network-based, Wireless-based, Host-based), By Deployment Model (On-Premise, Cloud, Hybrid), By Application (Aerospace and Defense, BFSI, Government, IT & Telecom, Healthcare, Transportation & Logistics) Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Netherlands, China, Japan, Australia, South Korea, India, Singapore, Brazil, Mexico, Argentina, South Africa, UAE, Israel), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/intrusion-detection-prevention-system-ids-ips-market

The BFSI sector is predicted to grow at the fastest rate in the IDS / IPS market growing at a CAGR of 15% between 2019 to 2025. The BFSI industry deals with huge bulk of financial data facilitating insurance, transactions and related financial services to its customers. These financial institutions are prone to huge cybercrimes and physical risks, thereby demanding enhanced security solutions for the industry. The rising adoption of advanced technology, electronic platform, internet, cloud, and mobile banking have created an increased susceptibility to cyber threats to the critical data of the banking customers. This has enhanced the requirement for implementing next generation IDS / IPS solutions in the banking sector.

The key vendors operational in the IDS / IPS market are Cisco, IBM, Dell, Juniper Networks, HP, Huawei, Symantec, Trend Micro, Imperva, McAfee, Sophos, Extreme Networks, and BAE Systems. Companies operating in the market are consistently involved in developing and commercializing advanced intrusion prevention systems.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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2019-03-26 01:00:00

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