1. Intrusion Detection System Market Outlook (2022 to 2032)
A global intrusion detection system is expected to rise 12.5% of CAGR, securing a
valuation of US$ 15.62 Billion by 2032. The market is likely to be valued at US$ 4.81
Billion in 2022, driven by:
Rising security threats and data breaches in end-use industries are growing
the adoption of the intrusion detection system.
Rapidly growing cyberattacks include DoS (denial of services) in top
multinational companies.
Rising awareness, innovation of technology, Internet of Things (IoT), Artificial
Intelligence (AI), and increasing use of BYOD devices.
The intrusion detection system market is currently growing at a high pace by
capturing a significant CAGR globally. The demand for intrusion detection systems is
growing in the industries such as telecom, BFSI, and defense, among others, due to
fear of losing official data and compromising any information. The adoption of
intrusion detection system is rising as they monitor and detects unauthorized activity
and threats in your computer system during the forecast period. It consists of two
types of detection system which includes a host-based intrusion detection system &
network-based intrusion detection system.
Developments of Intrusion Detection Systems in Asia Pacific Drive
Global Growth
Based on region, North America is likely to hold a significant share of the global
intrusion detection system market during the forecast period. Due to rising data
security, threats, and government security in the region. In addition, the USA is likely
to hold the maximum share of the market by establishing the IT sector, rising
awareness, and growing security solutions during the forecast period. These factors
are putting a positive impact on propelling market growth in the region. On the
other hand, a growing number of terrorist organizations and hackers stealing
nations' sensitive data are rising the adoption of intrusion detection systems in the
region.
2. The Asia Pacific is contributing a key role as the fastest growing region in the
intrusion detection system market by rising cyber attacks during the forecast period.
In addition, the presence of IT infrastructure and rising cloud computing trends in the
countries such as China and India are rising the market size. Moreover, due to the
COVID-19 crisis, companies are shifting their company work to work from home.
These things left the company to increase the adoption of the intrusion detection
system in recent years. Rivals from other countries are attempting several attacks on
secure data, and the nation's official evidence through cyber attacks are likely to rise
the demand for intrusion detection system in the region.
Opportunities Still Found in the Intrusion Detection System
Rising development in the global market is consolidated by key market players
during the forecast period. These players are putting their efforts into growing the
market and carrying out maximum output through their several advanced
technologies. The key players focus on a particular product that drives consumers'
demand as per their requirements and provides that product differently by adding
advanced and innovative features to it.
The intrusion detection system is a new solution for detecting threats, malicious
threats, and unauthorized activities in the system. However, the key manufacturers
are making the best out of it and launching a product that attracts consumers' desire.
Some of the key market strategies adopted by them are mergers, acquisitions,
collaborations, and product launches, among others, during the forecast period.
These essential tricks upsurge the market size and flourish the business globally.
The intrusion detection system is a device or software application that monitors and
detects malicious activities or policy violations in networks. It has the potential to
effectively generate alerts when any suspicious activity is detected.
The rapid rise in the number of cyberattacks such as ransomware and denial of
service (DoS), in enterprises, has created a big space for the growth of the intrusion
detection system market. These security breaches can result in the loss of
3. confidential data and can incur heavy losses to businesses. As a result, business
enterprises are increasingly adopting modern security technologies like intrusion
detection systems to eliminate the threat of cyber-attacks and enhance their security.
Intrusion detection systems perform multiple functions in enterprises. It enables
companies to monitor their system and user activities, analyze system configurations
and vulnerabilities, track user policy violations, and assess file and system integrity.
Over the last few years, intrusion detection and prevention systems have gradually
replaced traditional security systems due to their various attractive features. They can
help the end users to improve their security systems or implement more effective
controls.
The rapid expansion of end-use verticals such as telecommunication and defense,
BSFI, etc. will continue to provide a strong thrust to the growth of the intrusion
detection system market over the forecast period.
Developments of Intrusion Detection Systems in Asia Pacific Drive
Global Growth
Based on region, North America is likely to hold a significant share of the global
intrusion detection system market during the forecast period. Due to rising data
security, threats, and government security in the region. In addition, the USA is likely
to hold the maximum share of the market by establishing the IT sector, rising
awareness, and growing security solutions during the forecast period. These factors
are putting a positive impact on propelling market growth in the region. On the
other hand, a growing number of terrorist organizations and hackers stealing
nations' sensitive data are rising the adoption of intrusion detection systems in the
region.
The Asia Pacific is contributing a key role as the fastest growing region in the
intrusion detection system market by rising cyber attacks during the forecast period.
In addition, the presence of IT infrastructure and rising cloud computing trends in the
4. countries such as China and India are rising the market size. Moreover, due to the
COVID-19 crisis, companies are shifting their company work to work from home.
These things left the company to increase the adoption of the intrusion detection
system in recent years. Rivals from other countries are attempting several attacks on
secure data, and the nation's official evidence through cyber attacks are likely to rise
the demand for intrusion detection system in the region.
Opportunities Still Found in the Intrusion Detection System
Rising development in the global market is consolidated by key market players
during the forecast period. These players are putting their efforts into growing the
market and carrying out maximum output through their several advanced
technologies. The key players focus on a particular product that drives consumers'
demand as per their requirements and provides that product differently by adding
advanced and innovative features to it.
The intrusion detection system is a new solution for detecting threats, malicious
threats, and unauthorized activities in the system. However, the key manufacturers
are making the best out of it and launching a product that attracts consumers' desire.
Some of the key market strategies adopted by them are mergers, acquisitions,
collaborations, and product launches, among others, during the forecast period.
These essential tricks upsurge the market size and flourish the business globally.
The intrusion detection system is a device or software application that monitors and
detects malicious activities or policy violations in networks. It has the potential to
effectively generate alerts when any suspicious activity is detected.
The rapid rise in the number of cyberattacks such as ransomware and denial of
service (DoS), in enterprises, has created a big space for the growth of the intrusion
detection system market. These security breaches can result in the loss of
confidential data and can incur heavy losses to businesses. As a result, business
enterprises are increasingly adopting modern security technologies like intrusion
detection systems to eliminate the threat of cyber-attacks and enhance their security.
5. Intrusion detection systems perform multiple functions in enterprises. It enables
companies to monitor their system and user activities, analyze system configurations
and vulnerabilities, track user policy violations, and assess file and system integrity.
Over the last few years, intrusion detection and prevention systems have gradually
replaced traditional security systems due to their various attractive features. They can
help the end users to improve their security systems or implement more effective
controls.
The rapid expansion of end-use verticals such as telecommunication and defense,
BSFI, etc. will continue to provide a strong thrust to the growth of the intrusion
detection system market over the forecast period.