Global Intrusion Detection System Market
The GMI Research forecasts that the Intrusion Detection System Market is witnessing an upsurge in demand over the forecast period. This is mainly due to the growing endorsement of novel technology in commercial as well as industrial sectors.
Introduction of the Intrusion Detection System Market
An Intrusion Detection System (IDS) is a monitoring system to detect suspicious activities and generate alerts when they are detected. Based upon these alerts, a security operations center (SOC) analyst or incident responder can investigate the issue and take the appropriate actions to remediate the threat.
Key Players of the Global Intrusion Detection System Market:
- Cisco
- Alert Logic, Inc.
- McAfee, LLC
- Fortinet, Inc
- IBM
- Darktrace
- Palo Alto Networks
- AT&T Cybersecurity
- Trend Micro Incorporated
- FireEye, Inc.
Intrusion Detection System Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
The augmenting implementation of the internet for deliberate and politically influenced attacks on networks, endpoints, and data leading to data loss is one of the crucial drivers supplementing the growth of the global intrusion detection system market. In accordance with Microsoft, 200 organizations, during the 2020 presidential election in the US, which includes political campaigns, political consultants, parties, and advocacy groups, were attacked by Strontium, operating from Russia. Additionally, the mounting cyberattacks owing to the rising digital transactions have stimulated the need to install these systems, thereby stimulating market growth. In addition, the accelerating number of security breaches and cyberattacks are further strengthening the market size. Furthermore, the widespread outbreak of the coronavirus pandemic has positively influenced the market growth. This is because many governments and managerial authorities have empowered public and private organizations to integrate new practices for working from home and maintaining social distance. This has raised the digital methods of doing business, and it has become the new business continuity plan (BCP) for various organizations. Furthermore, organizations are administering different concepts, such as bring your own device (BYOD), to streamline their work culture. However, large enterprises have a competent budget to initiate an efficient and effective information security control environment. These expenses have been a big concern for small & medium-sized organizations. It becomes a challenge to invest massive capital in cybersecurity. This insufficiency of the budget may hamper the intrusion detection system market share.
Component Segment Drivers
Based on the component, solutions are contemplated to expand at a higher growth rate over the forecast period. These components can easily be gauged on the network and offer intrusion detection and prevention capabilities. Security vendors offer these technologies as an independent solution or tool, which assimilates with the existent security infrastructure of enterprises.
Vertical Segment Drivers
On the basis of the vertical, BFSI will experience a robust demand in the near future. The expanding malicious attacks through various networks have led to an increase in the need for the safety and integrity of confidential information in various financial organizations. As per the Indian government, a total of 50 cyber-attacks were reported across 19 financial organizations in 2016. These systems help banking & financial organizations can block malicious and suspicious links and attacks. Their banking, financial & insurance sector usage to supervise the access to the networks seal their internal networking systems with safety.
Regional Drivers
Based on the regional coverage, North America is projected to rise at a faster CAGR during the forecast period. This is because of the presence of well-established and sustainable economies empowered to invest in research & development activities for the development of new technologies. For example, in 2019, FireEye introduced FireEye Endpoint Security 4.8 and FireEye Network Security 8.3, through which customers can quickly triage and investigate lateral threats with the first sign of a breach. Furthermore, the existence of prominent players, including McAfee, IBM, Cisco, FireEye, is supplementing the growth of the market.
Intrusion Detection System Market Segmentation:
Segmentation by Component
- Solutions
- Hardware
- Software
- Services
- Planning & Integration
- Support & Maintenance
Segmentation Market by Type
- Network-Based
- Wireless-Based
- Network Behavior Analysis
- Host-Based
Segmentation by Deployment Type
- Cloud
- On-Premises
Segmentation by Vertical
- BFSI
- Government & Defense
- Healthcare
- IT & Telecom
- Retail & Ecommerce
- Manufacturing
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
About GMI Research
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects. We have a team of analysts and industry experts who conduct market intelligence studies to ensure relevant and fact-based research across a wide range of sectors such as FMCG, Technology, Energy, Healthcare, and other industries. We collect relevant information about the industry using both internal and external databases. Our main focus is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.
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