Pune, Dec. 21, 2024 (GLOBE NEWSWIRE) — Intrusion Detection Systems Market Size Analysis:
“SNS Insider report states that the intrusion detection systems market was valued at US$5.71 billion in 2023, and is expected to grow to US$11.43 billion by 2032, at a CAGR of 8.0% over the forecast period 2024-2032.”
The demand for intrusion detection systems (IDS) is increasing amid increasing cyber threats
The proliferation of cyber threats and the need to protect sensitive data has dramatically increased the demand for intrusion detection systems (IDS). As companies advance their digital transformation initiatives and the Internet of Things (IoT) expands, vulnerabilities within networks are increasing. As a result, organizations are prioritizing next-generation IDS systems to mitigate risks. Industries such as healthcare, banking, IT, and government allocate larger budgets to purchase these systems to protect their networks and sensitive data from advanced cyberattacks.
The growing importance of cloud security
The increasing adoption of cloud services and applications has increased security challenges for organizations. Cloud environments are decentralized in nature, which exposes them to various security threats. Reports indicate that by 2025, 85% of organizations will be running on hybrid cloud infrastructures, making advanced IDS systems a necessity. These systems provide enhanced monitoring capabilities to identify unauthorized activities and mitigate risks in distributed cloud environments.
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Analysis of the major players included in this report are:
Palo Alto Networks (Palo Alto Networks WildFire, Cortex Firewall, IBM FortiSandbox (IBM QRadar Security Intelligence Platform, IBM Security Guardium Data Security Platform) Check Point software technologies (Check Point Infinity Architecture, Check Point Threat Prevention) Trend Micro (Trend Micro Deep Security, Trend Micro Network Security Platform) Sophos (Sophos XG Firewall, Sophos Intercept Endpoint Protection, Symantec Advanced Threat Protection) Rapid7 (InsightVM Vulnerability Management, InsightIDR) Darktrace (InsightVM Vulnerability Management, InsightIDR) Immunity (Darktrace Enterprise, Darktrace Antigena)CrowdStrike, (CrowdStrike Falcon Platform, CrowdStrike Falcon Endpoint Protection)Carbon Black (Carbon Black Cloud Platform, Carbon Black Endpoint Protection)Qualys (Qualys Vulnerability Management and Compliance, Qualys Cloud Proxy)Tripwire (Tripwire Enterprise ArcSight (ArcSight Enterprise Security Management (ESM), ArcSight Logger)LogRhythm (LogRhythm NextGen SIEM, LogRhythm Threat Detection and Response) AlienVault (AlienVault OSSIM, AlienVault Threat Intelligence Platform) Suricata (Suricata Open-source IDS, Suricata Cloud IDS)
Scope of the Intrusion Detection Systems Market report:
Report Attributes Details Market Size in 2023 US$5.71 Billion Market Size by 2032 US$11.43 Billion CAGR of 8.0% from 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (United States, Canada, Mexico) and Europe (Eastern Europe (Poland). Romania, Hungary, Turkey, and the rest of Eastern Europe) and Western Europe (Germany, France, the United Kingdom, Italy, Spain, the Netherlands, Switzerland, Austria, and the rest of Western Europe)). Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, rest of Asia Pacific), Middle East & Africa (Middle East (UAE, Egypt, Saudi Arabia, Qatar, rest of Middle East), Africa (Nigeria), South Africa, rest of Africa) and Latin America (Brazil, Argentina, Colombia, Rest of Latin America) Key Growth Drivers • Rising security breaches and cyberattacks fuel IDS market growth
• Impact of BYOD and CYOD trends on IDS market growth
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Revolutionizing IDS systems using artificial intelligence and machine learning
The integration of artificial intelligence and machine learning into IDS technology has transformed the cybersecurity landscape. AI-based IDS solutions can process massive amounts of data, identify anomalies, and implement timely responses to potential security breaches. These systems reduce false positives, enhance threat detection accuracy, and provide real-time insights. For example, research conducted by MIT's Computer Science and Artificial Intelligence Laboratory found that AI-based IDS solutions can reduce detection times by up to 60% compared to traditional methods.
Segmentation analysis
Depending on the component
The solutions segment dominated the market and accounted for a significant share of revenue of 56%, due to the growing demand for automated real-time threat detection. Below we explore key solutions such as network-based and host-based IDS that are essential for defending sensitive information against increasingly advanced cyber intrusions. This drive is driven by the need for higher security measures in industries such as healthcare, banking and government. Additionally, the implementation of artificial intelligence and machine learning enhances the efficiency of these solutions, thus accelerating the market growth. In addition, increasing regulatory compliance requirements are also driving the adoption of IDS solutions in many industries.
The services sector is expected to grow at the fastest CAGR during the forecast period. This growth can be attributed to the increasing demand for installation, integration and support through managed services. Hence, the need for these services has skyrocketed as many organizations are looking for experts to help manage and configure them. With the increasing sophistication of cyber threats, companies need constant monitoring and regular updates and for this reason, there has been an increasing demand for IDS services.
Global Intrusion Detection Systems Market Segmentation Based on Product:
Depending on the type of component
Depending on the type of publication
Cloud-based infrastructure
Depending on the type of end user
BFSIIT and Communications Aviation and Defense Software Industry
Regional landscape
North America dominated the Intrusion Detection Systems (IDS) market and accounted for a significant share of revenue in 2023. Supported by widespread implementation of next-generation cybersecurity technologies and concentration of significant IDS solution providers in this region, it is primarily responsible for this leadership. The market's growth is largely due to increasing US data protection regulations and the increasing incidence of cyberattacks on a wide range of industries, including finance, healthcare, and information technology.
The Asia-Pacific region is expected to achieve the fastest growth rate during the forecast period. Rapid digital transformation in countries like China, India, and Japan is driving this boom, creating a huge demand for powerful IDS solutions. Increase in investment in cybersecurity infrastructure, awareness of cyber incidents, and increasing number of data breaches are some of the key factors fueling the growth of this market. Cloud and hybrid environments are also expanding in the region, while government-backed digital security initiatives are contributing to the rapid adoption of IDS technologies.
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Recent developments
March 2024 – Cisco expands its portfolio with an AI-powered intrusion detection platform. This new system uses machine learning algorithms to detect anomalies in network traffic and identify emerging threats more effectively.
April 2024 – Palo Alto Networks launches an updated version of its IDS system, which integrates enhanced deep packet inspection (DPI) to detect sophisticated cyberattacks, especially in cloud environments.
Table of Contents – Main Key Points
1. Introduction
2. Executive summary
3. Research methodology
4. Analyze the impact of market dynamics
5. Statistical insights and trend reports
6. Competitive landscape
7. Intrusion Detection Systems Market Segmentation by Component Type
8. Intrusion Detection Systems Market Segmentation by End Use Type
9. Intrusion Detection Systems Market Segmentation by Deployment Type
10. Regional analysis
11. Company profiles
12. Use cases and best practices
13. Conclusion
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