Growing need for securing confidential information in various organizations has led to surge in demand for the intrusion detection and protection system globally. In addition, surge in demand for protection against malicious attacks is projected to impact the global market growth of intrusion detection and protection system positively. Fact.MR states that the demand analysis of Intrusion Detection & Protection System is projected to reflect a CAGR of 12.3% over the forecast period, 2017-2026.
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Market survey of Intrusion Detection & Protection System sheds light on the important growth dynamics expected to prevail across the assessment period. (Insert forecast period). The study offers statistics of key segments across prominent geographies, along with a detailed mapping of the global competitive landscape.
The market report tracks the global sales of Intrusion Detection & Protection System in 20+ high growth markets, along with analysing the impact of COVID-19 has had on information & communication technology (ICT) industry and Intrusion Detection & Protection System sector in particular.
Key Trends of Intrusion Detection & Protection System Market
Growth of the global intrusion detection & protection system market is mainly bound by various macro-economic and micro-economic factors. As the need for sharing and receiving imperative information through various networks continues to increase, organizations are looking to adopt leading technological solutions to maintain safety of the shared information. Lack of robust security of the networks allows the hackers to intrude into the networks and gain access to the sensitive and confidential information of the organizations. Moreover, increasing instances of malware attacks through the unprotected network system has led to significant data losses for various organizations. As data theft and intrusion through networks continue to persist, organizations are increasingly focusing on adopting intrusion detection and protection solutions in their network systems.
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Demand for robust intrusion detection and protection solutions continue to remain high in various government organizations and large business organizations. Surge in demand for innovative intrusion detection and protection solutions is projected to contribute towards the global market growth of intrusion detection & protection system significantly during the forecast period.
Sales to Remain High in BFSI Industry
As the need for securing sensitive information continues to arise, demand for intrusion detection and protection solutions is projected to remain high in the large business organizations. In terms of revenue, the large enterprise deployment type segment is projected to represent the highest growth, recording more than US$ 2,000 Mn by 2026-end. On the other hand, the SaaS deployment type segment is projected to reflect a healthy CAGR throughout the forecast period.
By 2017-end, the network based IDS system application segment is projected to represent a significant revenue growth, accounting for more than US$ 1,900 Mn. During the forecast period, this segment is projected to reflect the fastest growth in the global market of intrusion detection & protection system. Based on industry, the BFSI segment is projected to reflect a robust CAGR during the forecast period. Moreover, the BFSI industry segment is projected to generate significant revenues, accounting for more than US$ 890 Mn by 2026-end.