PUBLISHER: SkyQuest | PRODUCT CODE: 1165292
PUBLISHER: SkyQuest | PRODUCT CODE: 1165292
Global Intrusion Detection System Market was valued at USD 5.9 billion in 2021, and it is expected to attain a value of USD 8.64 billion by 2028 with a CAGR of 5.6% over the forecast period (2022-2028).
Intrusion detection system are network security tools that are implemented, created, and designed to stop and identify any known threats. When an identified intrusion is discovered, some IDS can react. Typically, any malicious violation is reported to an administrator or centralized data is gathered using a security information and event management system. They keep an eye on the web for potential spiteful events and gather crucial details about them. The IT budgets of both large corporations and small and medium-sized businesses (SMEs) have increased significantly, and as a result, these businesses are now investing in cutting-edge solutions like IDS.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Intrusion Detection System market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Segments covered in this report:
Global Intrusion Detection System market is segmented on the basis of component, type, deployment mode and region. Based on component, the market is segmented into solutions and services segments. On the basis of type, the market is segregated into network-based, wireless-based, network behavior analysis and host-based segments. Based on deployment mode, the market is segmented into cloud and on-premises sub segments. Based on region, the global Intrusion Detection System market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Driver
Businesses and industries are increasingly vulnerable to cyberattacks as they advance in the direction of digitalization and automation. The frequency of cyberattacks and data breaches has significantly increased over the past few years. An important factor driving the adoption of intrusion detection systems across industries and businesses is the sharp rise in cyber threats and hacking attempts. By implementing these systems, businesses can stop data theft and security breaches.
Restraint
Despite having many advantages, intrusion detection system demand is still very low in many developing and underdeveloped regions. The market for intrusion detection systems is currently being restrained by a number of major factors, including high costs, a dearth of service providers in emerging economies, and a lack of security professionals with the necessary knowledge and expertise. Additionally, false alarms from intrusion detection systems limit their adoption to some extent.
Market Trends
The advancement of semiconductor technology has led to the development of fingerprint, face, retina, and DNA biometrics as well as palm vein, LED, and photodiode recognition. By meeting the high-security demands of particular industries, the integration of detection system with such authentication system will help the market expansion in the upcoming years. Furthermore, the proliferation of smartphones and tablets has improved mobility and broadened the acceptance of cutting-edge intrusion detection technologies in IT companies.