Europe Intrusion Detection System / Intrusion Prevention System Market is projected to grow at a fast rate with a CAGR of over 12% during the forecast timeframe. The market in this region is anticipated to grow at a fast pace due to a rise in the number of public-private partnerships and government investments to deploy the IDS / IPS in various points of network system. For instance, the European Union Commission has launched a public-private partnership on cybersecurity that is expected to trigger USD 2 billion of investment by 2020.
Asia Pacific is anticipated to grow at the CAGR of over 17% in the intrusion detection system / intrusion prevention system 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 market in this region.
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The increasing threat of data breaches and rising proliferation of digitalization have been responsible for driving intrusion detection system / intrusion prevention 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 intrusion detection / prevention system market.
The network-based IDS / IPS accounted for a share of over 24% in 2018 in the global intrusion detection system / intrusion prevention system market. This system is used for monitoring and analyzing network traffic to safeguard the system from network-based threats. It enables organization to use limited devices for monitoring large networks augmenting their adoption rate. It provides improved visibility across the network, making it easier to meet the security regulations. The systems can also automate hardware inventories reducing labor cost and improving efficiency augmenting their demand in the global market.
The intrusion detection system / intrusion prevention system market assist in protecting the integrity, confidentiality, and availability of computer networks prevailing in an organization. These systems always protect and ensure the availability of computer resources, networks, systems, and stored information, preventing unauthorized access and any form of alteration of critical data, driving the adoption of IDS/IPS solutions. Other factors contributing to market growth include the rising number of computer networks and related applications. As these computer systems are prone to security vulnerabilities, adopting advanced IDS/IPS will help in detecting attacks & anomalies in a network, augmenting system integrity.
Major players operating in the intrusion detection system / intrusion prevention system 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 market.
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