Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Forecast (2020 – 2025)

According to IndustryARC, the global Intrusion Detection System or Intrusion Prevention System (IDS or IPS) market, which was valued at about $5 billion in 2018, is expected to grow at a CAGR of 12% during the forecast period 2019-2025. Rising security threats to computer networks and consistently changing regulatory landscapes have resulted in the rapid development of IDS/IPS. Cyber attacks on enterprises through ransom ware, malware and Denial of Service (DOS) are capable of compromising the existing security systems. Moreover, these security breaches cause long-lasting damage to enterprises, in terms of regaining customer trust. 

According to the Verizon Data Breach Investigations Report (DBIR), there were more than 53,000 security incidents across the globe in 2018. It was also reported that more than 30% of security incidents were successfully negotiated by the network within a few minutes, and over 60% of security incidents occurred due to inefficiencies in the existing security system. Growing threat from cyber incidents to enterprises, coupled with an increase in the number of connected devices within enterprises, is analyzed to be one of the major factors driving the adoption of IDS/IPS during 2019-2025.

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Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Report Coverage

The report: “Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market– Forecast (2019-2025)”, by IndustryARC covers an in-depth analysis of the following segments of the IDS/IPS Market. 

By Type: Host-Based IDS/IPS, Network-Based IDS/IPS, Wireless IDS/IPS

By Component And Deployment Model: Hardware, Software, Services, Consulting, Training and Education, Managed Services, Design and Integration, Deployment Models, On-Premise Deployment, Cloud Deployment

By Industry Vertical: BFSI, Healthcare and Life Sciences, Retail, Aerospace, Defense And Intelligence, IT and Telecomm transportation, Government (Excluding Defense) and Public Utilities, Others

By Geography: North America, South America, Europe, APAC, RoW

Key Takeaways

• The five key players have helped the market grow with strategies such as partnerships and acquisitions, along with product development and up gradation in 2018. Major players in the IDS/IPS system market include Cisco Systems, Inc., IBM Corp, FireEye, Inc., McAfee, LLC, Check Point Software Technologies Ltd., Juniper Networks, Inc., Trend Micro Incorporated, NSFocus Inc, AhnLab, Inc., Huawei Technologies Co., Ltd., Hillstone Networks Inc., SecureWorks, Inc., Palo Alto Networks, Inc., Fortinet, Inc., and Symantec Corporation, among others.
• The major driving factor in the Intrusion Detection/Prevention System market is increasing deployment of cloud computing across various industries such as BFSI, IT and Telecom, and Healthcare. The cloud computing and hosting market is forecast to grow from $86.01 billion in 2016 to $155.9 billion in 2020, which will reflect significant growth in the IDS/IPS system market.

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• The host based IDS/IPS Systems analyze the activities on servers and provide real-time visibility into the overall system. Ongoing developments by major players and launch of new products are the major strategies being adopted by market players. For instance, HIDS introduced by HP, named HP-UX HIDS, provides enhanced security with better configuration.
• North America is the largest market for IDS/IPS systems, and registered a share of around 34.5%, in 2018, owing to growing digital adoption of technologies such as IoT, cloud computing by various industries such as BFSI, healthcare, and retail among others. In addition, accelerated growth in the North American retail market will simultaneously increase demand for IDS/IPS systems to secure the digital systems adopted by the industries.

Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Segment Analysis - By Technology 

The Host IDS/IPS System is gaining traction at a very rapid pace in the market owing to its capabilities for detection and prevention in multiple computers simultaneously. The Unified Security Management (USM) solution introduced by Alien Vault in 2017 eases security analysis and combines host-based IDS along with network- and cloud-based IDS with essential security capabilities in a single, unified security environment. This USM platform is designed to centralize threat detection and respond to incidents occurring within cloud platforms. Developments such as this, combined with the enhanced version of host based IDS/IPS, will augment market revenue. In 2018, Hewlett-Packard HIDS performed enhancements for local host-level security to automatically monitor each configured host system within the network for possible signs of unwanted and potentially damaging intrusions. Similar developments in IDS/IPS is set to drive the adoption of these systems in the future.

Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Segment Analysis - By End-User

The BFSI sector for the IDS/IPS market is expected to grow at a CAGR of 15% during the forecast year owing to rapid growth of the Internet, and increasing incidences of computer attacks and intrusions in recent years. Intrusion Detection and Prevention Systems have been proposed as an efficient solution to protect the BFSI sector against intrusions and attacks. The number of malicious applications targeting internet banking transactions has increased severely in recent years. In 2019, Bank of Valletta plc, a Malta-based banking firm was attacked by hackers, leading to a shutdown of all their IT systems while funds amounting to about $14.7m were reportedly stolen from its reserves. The growing incidences of electronic frauds targeting banks negatively impacts the bank’s reputation, owing to which financial institutions are planning to invest significantly on cyber security systems. According to global cyber security company Kaspersky, financial institutions are under significant pressure to ramp up security. In 2017, more than 64% of institutions reported that they would invest on improving their IT security regardless of the return-on-investment in the next couple of years. Such investments are analyzed to be major driving factors for the IDS/IPS market.

Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market Segment Analysis - By Geography

The intrusion prevention and intrusion detection systems market in North America held the largest share of 34.5% in 2018. Implementation of IoT-based smart technologies in the North American region is improving work efficiency and providing high levels of security to enterprises. Security vulnerabilities within IoT-based systems give rise to security threats which affect the organization. The size of the IoT consumer electronics market in the North American region is expected to grow from $89.96 billion in 2017 to $179.89 billion in 2022. Hence, increasing use of IoT and cloud-based devices in this region will boost the IDS/IPS market.

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