The Intrusion Detection System market refers to the business and industry landscape that revolves around the development, deployment, and management of intrusion detection systems.
The market for intrusion detection systems is anticipated to grow at a 12.5% CAGR, reaching US$ 15.62 billion by 2032. In 2022, the market is anticipated to be worth US$ 4.81 billion.
In order to detect policy violations and malicious activities, an intrusion detection system (IDS) monitors system or network activity. Next, the system creates reports that will be delivered to a management station. The adoption of intrusion detection systems by various commercial enterprises has been significantly influenced by the growing awareness of cyber threats and hacking.
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Intrusion Detection System Market: Drivers and Restraint
The market for intrusion detection systems worldwide is expected to grow fast throughout the forecasted period. The growth of the global intrusion detection system market is being driven by an increase in security threats to enterprise networks, rising adoption among IT companies, rising spending on IT security solutions and services, and increasing government pressure on compliance with rules and regulations.
On the other side, a significant barrier to the expansion of the intrusion detection system market is a lack of knowledge and awareness of intrusion detection systems. However, during the anticipated period, the market for intrusion detection systems is anticipated to rise significantly due to the expanding security industry in developing nations.
Intrusion Detection System Market: Region-wise Outlook
Based on region, the intrusion detection system market can be segmented into seven regions which include, North America, Latin America, Western Europe, Asia-Pacific (excluding Japan), Eastern Europe, Japan, and Middle East & Africa region. Further, the market is sub-segmented as per the major countries of each region to provide a better regional analysis of the intrusion detection system market. North American region is expected to dominate the global Intrusion Detection System Market during the period forecast.
It is because of high-security awareness and increasing government spending on data safety & security. However, the growing security market in developing economies is expected to drive the growth of the intrusion detection market in the region during the forecast period. Asia Pacific region is expected to witness a high growth rate during the period of forecast. Furthermore, increasing investment in infrastructure and development of data centers by major IT companies is expected to drive the growth of the intrusion detection system market in the Middle East & Africa region.
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Intrusion Detection System Market: Key Players
Key players in the global intrusion detection system market are Tyco International Ltd., Robert Bosch LLC, Corero Network Security, Inc., Extreme Networks, Inc., Juniper Networks, Inc., NSFOCUS, Inc., McAfee, Inc. Nortek, Inc., and Allegion plc among other. Market players are focusing more on new product development and technological advancement as a part of their business strategy.
Key Segments Profiled in the Intrusion Detection System Industry Survey
By Type:
- Host Based Intrusion Detection System (HIDS)
- Network-Based Intrusion Detection System (NIDS)
- Online NIDS
- Off-Line NIDS
By Deployment Type:
- On-Premises Deployment
- Cloud Deployment
By Service:
- Design and Integration Services
- Managed Services
- Training & Education
- Consultancy Services
Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan
- Japan
- Middle East & Africa
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