The global intrusion detection system market is predicted to grow at a 12.5% CAGR, reaching a size of US$ 15.62 billion by 2032. The market is expected to be worth US$ 4.81 billion in 2022.
The Intrusion Detection System (IDS) market has been steadily growing in recent years as businesses and organizations seek to protect their digital assets from cyberattacks. IDS is a type of security system that monitors network traffic for signs of malicious activity and alerts system administrators when it detects a potential threat.
One of the major factors driving the IDS market is the rise in cyber threats. As technology advances, so do the methods used by cybercriminals to breach security systems. According to a report by Cybersecurity Ventures, the cost of cybercrime is expected to reach $10.5 trillion by 2025. This highlights the need for businesses to adopt IDS solutions to protect their sensitive data.
Another factor contributing to the growth of the IDS market is the increasing adoption of cloud-based services. As more businesses move their data and applications to the cloud, the need for security solutions that can monitor cloud traffic has grown. IDS solutions that can monitor both on-premise and cloud-based traffic have become increasingly popular.
The growing trend of Bring Your Own Device (BYOD) in the workplace has also contributed to the growth of the IDS market. With employees using their personal devices to access work-related data, there is a higher risk of cyber threats entering the network. IDS solutions can help detect and prevent such threats, making them a valuable tool for businesses.
There are various types of IDS solutions available in the market, including Network IDS, Host IDS, and Hybrid IDS. Network IDS monitors network traffic to detect potential threats, while Host IDS monitors activities on individual devices to detect suspicious behavior. Hybrid IDS combines both network and host IDS to provide a comprehensive security solution.
The Intrusion Detection System market is expected to continue its growth trajectory in the coming years due to the increasing instances of cybercrime, the rising adoption of cloud-based services, and the growing trend of BYOD in the workplace. As businesses become more aware of the importance of cybersecurity, IDS solutions will become an essential component of their overall security strategy.
Market Competition
Some of the key participants present in the global intrusion detection system market include Tyco International Ltd., Corero Network Security, Inc., Robert Bosch LLC, Extreme Networks, Inc., Juniper Networks, Inc., McAfee, Inc, NSFOCUS, Inc., Nortek, Inc., and Allegion plc.
Key Segments Profiled in the Intrusion Detection System Industry Survey
By Type:
- Host Based Intrusion Detection System (HIDS)
- Network-Based Intrusion Detection System (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
Request a Sample of this Report
https://www.futuremarketinsights.com/reports/sample/rep-gb-1093
