The healthcare sector is projected to grow at a fast pace in the IDS/IPS market over the forecast period. The healthcare department carries full responsibility of vulnerable patients, critical patient data, expensive equipment, and controlled pharmaceutical substances. With technological advancements the healthcare sector has adopted various practices such as internet-based consulting with distant patients, multi-cloud SaaS & IaaS environment, and connected medical devices, expanding the attack surface. Hence, healthcare organizations are rapidly adopting IDS/IPS solutions to fight against cybercrimes and protect the integrity of patients, augmenting the IDS/IPS market growth.
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The increasing threat of data breaches and rising proliferation of digitalization have been responsible for driving intrusion detection system market share in the recent years. The last couple of decades have witnessed the technology landscape across various end-use domains to have undergone a massive transformation. Alongside, there has been a vast upsurge in the number of computer networks as well, leading to a major surge in the demand for efficient systems and solutions to counter data threats. The implementation of IDS or IPS in the network system undeniably makes it feasible for the network administrators to assess the accurate location of the threats and then address the same. These systems also help avert further threats from those locations, thereby helping to accelerate the growth graph of IDS/IPS industry.
The hybrid IDS/IPS market is anticipated to grow at a CAGR of 15% over the forecast period. Cloud computing has provided new service paradigms to the internet technology. The possibility of intrusion is high due to the distributed nature of public and private cloud environments. The hybrid cloud platform helps in offering a complete visibility by integrating necessary security capabilities to an individual platform including vulnerability scanning, asset monitoring, intrusion, detection log management, behavioral monitoring, and continuous threat intelligence, driving the demand for IDS/IPS solutions.
Asia Pacific is anticipated to grow at the CAGR of over 17% in the IDS/IPS market. The rising disposable income, rapid economic development, high burglary rate, and growing government regulations for enhancing security are the key factors driving the market demand. The increasing investments in securing IT infrastructure and adoption of scalable and cost-effective cloud-based solutions also have a positive impact on the market. The growing economies including India, China, and South Korea also provide enhanced growth opportunities for the IDS/IPS market in this region.
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It has been speculated that in the years to come, next-gen IDS solutions will be designed to focus less on recognizing intruders and more toward sensing potentially apprehensive attacks or events. With the help of advanced AI algorithms, IDS market players are expected to brainstorm solutions that will be able to predict attacks beforehand and then provide an effective line of defense as opposed to the traditional approach.
Major players operating in the IDS/IPS market include Cisco, Corero, IBM, Dell, Check Point, Juniper Networks, Extreme Networks, HP, McAfee, Huawei, Symantec Corporation, and Trend Micro. These companies are focused on developing cost-effective solutions for gaining a higher share in the competitive IDS/IPS market.
Major Key Points from Table of Content:
Chapter 7. IDS/IPS Market, By Deployment Model
7.1. Key trends, by deployment model
7.2.1. Market estimates and forecast, 2014-2025
7.3.1. Market estimates and forecast, 2014-2025
Chapter 8. IDS/IPS Market, By Application
8.1. Key trends, by application
8.2. Aerospace and defense
8.2.1. Market estimates and forecast, 2014-2025
8.3.1. Market estimates and forecast, 2014-2025
8.4.1. Market estimates and forecast, 2014-2025
8.5. IT & telecom
8.5.1. Market estimates and forecast, 2014-2025
8.6.1. Market estimates and forecast, 2014-2025
8.7. Transportation & logistics
8.7.1. Market estimates and forecast, 2014-2025
8.8.1. Market estimates and forecast, 2014-2025
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