SecurityWorldMarket

09/08/2020

Increasing cyber attacks drive IDPS market

Northbrook, Il

According to a research report on the Intrusion Detection and Prevention Systems (IDPS) Market to 2025 published by Marketsandmarkets, the post-COVID-19 scenario for this sector is projected to grow from USD 4.8 billion in 2020 to USD 6.2 billion by 2025, at a CAGR of 5.4% during the forecast period. The major growth drivers for the market include the increasing number of security breaches and cyber attacks.

Organisations that have more than 1,000 employees invest heavily in advanced technologies for increasing overall productivity and efficiency. To reduce CAPEX and OPEX of infrastructure, large enterprises are widely opting cloud IDPS solutions, and are expected to invest significantly in implementing advanced cloud IDPS solutions that are capable of anomaly-based detection to provide optimum security to their enterprises’ intense competitive environment.

Large enterprises have adopted cloud security solutions, as they use a large number of cloud and Internet of Things (IoT)-based applications susceptible to cyber attacks. Moreover, as they face threats from targeted attacks to disrupt their Information Technology (IT) services, these organisations adopt cloud IDPS solutions to provide effective security.

North American has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the IDPS market. The presence of the majority of key players is expected to be the major factor driving the growth of the market in this region. Key players, such as Cisco Systems, Palo Alto Networks, Fireeye, and Fortinet, along with several start-ups in the region offer IDPS solutions and services.

The major vendors covered in the intrusion detection and prevention systems market report include Cisco Systems, IBM, McAfee, Trend Micro, Palo Alto Networks, AT&T, Darktrace, Fireeye, Alertlogic, Fortinet, Watchguard, Extrahop Networks, Secureworks and Huawei amongst others.


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