The global intrusion detection system market is anticipated to reach a valuation of USD 15.62 Billion in 2032, with sales growing at a prolific CAGR of 12.5% from the forecast period of 2022 to 2032. The target market is set to reach an estimated USD 4.81 Billion by 2022. Escalating data breaches and security threats across multiple industry verticals along with increasing cyber attacks fuel the growth of the intrusion detection system market during the forecast period.
Factors such as the growing cases of cyberattacks, increasing investments by governments all over the world as well as by private organizations in the IT field, rising prevalence of BYOD trends, innovations in intrusion detection technology, and growing awareness among people regarding cyberattacks and their solutions propel the growth of the intrusion detection system market during 2022-2032.
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This detection system has become a crucial part of modern security systems all over the world. It is an effective means of detecting malware and threats before they can cause any harm to the data or compromise a company’s privacy.
Owing the popularity of remote work and digitalization of various industries, the intrusion detection system is witnessing heightened demand. Remote work trends, digitalization and growing automation leave companies highly vulnerable to cyberattacks and data breaches.
These issues are overcome with the aid of intrusion detection systems. The past few years have witnessed a surge in security threats, cyberattacks, and data breaches. All of these threats can be neutralized with the help of intrusion detection systems. Thus, the target market is anticipated to register robust CAGR during the projected period.
In a world where cyberattacks are an increasing commonality, the adoption of advancing technology further complicates security. The rising trend of digitalization and adoption of cloud computing, internet of things (IoT) and artificial intelligence (AI) ware expected to further drive the adoption and demand of intrusion detection systems during the forecast period.
“Escalating digitalization and the growing adoption of cloud computation will likely propel the global growth of the intrusion detection system market over the forecast period,” says an FMI analyst.
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Key Takeaways:
- Increasing number of cyberattacks like ransomware and denial of service (DoS) strengthen market prospects
- Lack of awareness and skilled security professionals may impede market growth.
- North America’s intrusion detection system market will continue to dominate the global marketplace.
- The intrusion detection system market in the Asia Pacific region is expected to grow at a faster CAGR during the forecast period.
Competitive Landscape
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., among others are some of the major players in the intrusion detection system market profiled in the full version of the report.
Leading market players are focusing on utilizing advanced technologies for producing novel security solutions that can detect security threats with greater accuracy and efficiency. These businesses employ strategic partnerships and collaboration tactics to expand their operations.
More Insights into Intrusion Detection System Market Report
In its latest report, FMI offers an unbiased analysis of the global intrusion detection system market, providing historical data from 2015 to 2020 and forecast statistics for 2022 to 2032.
To understand the global market potential, growth, and scope, the market is segmented on the basis of product type (host based intrusion detection system (HIDS), network based intrusion detection system (NIDS) (offline NIDS, online NIDS)), deployment type (on-premises deployment, cloud deployment), service (design and integration services, managed services, training & education, consultancy services), and region.
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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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