A global intrusion detection system is expected to rise 12.5% of CAGR, securing a valuation of USD 15.62 Billion by 2032. The market is likely to be valued at USD 4.81 Billion in 2022, driven by:
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.
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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 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.
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.
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.
The rising incidence of cyberattacks, increasing investments by government and private organizations in IT security solutions, growing trends of BYOD devices, innovations in intrusion detection technology, and rising awareness among people regarding cyberattacks and their solutions are some of the major factors driving the global intrusion detection system market.
Intrusion detection has become an indispensable part of modern security systems across the world. It provides an effective means of detecting malware and threats before they can do any damage to the data or compromise a company's privacy.
As industries and businesses continue their march towards digitalization and automation, they are becoming more susceptible to cyberattacks. Over the last few years, there has been a substantial rise in the incidence of cyberattacks and data breaches. This rapid increase in the number of cyber threats and hacking attempts is emerging as a major factor stimulating the adoption of intrusion detection systems across industries and businesses. Deployment of these systems helps businesses to prevent data theft and data breaches.
Cyberattack has become a novel approach to combat in the modern world. Terrorist organizations, criminals, and hackers are using this method to either hack or steal the sensitive data of nations. This is prompting countries to adopt intrusion detection systems. Increasing investments by the government in developing and strengthening their cyber-attack defense is anticipated to boost the growth of the intrusion-detecting system market in the future.
Similarly, the growing trend of digitalization and the adoption of cloud computing, the internet of things (IoT), and artificial intelligence (AI) will further accelerate the adoption of intrusion detection systems during the forecast period.
Two types of intrusion systems are mostly used by business enterprises i.e., host-based intrusion detection systems (HIDS) and network-based intrusion detection systems (NIDS). HIDS can detect internal changes such as accidentally downloaded viruses by an employee while NIDS detects malicious packets as they enter into the company's network.
Despite its multiple benefits, demand for intrusion detection systems remains very low across various developing and underdeveloped regions. Some of the major factors that are currently restraining the growth of the intrusion detection system market are a lack of awareness and skilled security professionals, high costs, and a limited number of service providers in emerging economies. Moreover, intrusion detection systems are prone to false alarms, which is also limiting their adoption to some extent.
North America remains the most dominant market for intrusion detection systems and the trend is likely to continue in the future, owing to the rising spending on data safety & security by the government, the presence of a well-established IT industry, and increasing awareness among about security solutions.
Countries like the USA are experiencing high demand for intrusion detection systems due to an increase in the number of cyberattacks. These countries have claimed from time to time cyberattacks from rivals like Russia and China. The potential threat of cyber-attacks in these countries is acting as a catalyst for the growth of the intrusion detection system market.
Moreover, the abundant presence of leading intrusion detection system providers in these regions is positively impacting the market growth.
According to Future Market Insights, the Asia Pacific intrusion detection system market is poised to grow at a faster CAGR over the forecast period. Growth in the region is driven by expanding IT infrastructure, the growing trend of cloud computing, favorable government support, and the increasing adoption of modern security solutions by business enterprises.
Ever since the outbreak of the COVID-19 pandemic, various companies based in countries like China and India have shifted their business to remote working modes. This has left these companies vulnerable to cyberattacks and necessitated the adoption of security solutions such as intrusion detection systems.
Some of the key participants present in the global intrusion detection system market include Tyco International Ltd., Corero Network Security, Inc., Robert Bosch LLC, Extreme Networks, Inc., Juniper Networks, Inc., McAfee, Inc, NSFOCUS, Inc., Nortek, Inc., and Allegion plc.
These key players are focusing on adopting advanced technologies for developing new security solutions that can significantly detect any type of malicious threats. Besides this, they are partnering and collaborating with end-use industries to expand their business.
| Report Attribute | Details |
|---|---|
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends, and Pricing Analysis |
| Segments Covered | Type, Deployment Type, Service, Region |
| Regions Covered | North America; Latin America; Western Europe; Eastern Europe; Asia Pacific; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, United Kingdom, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASIAN, GCC Countries, South Africa |
| Key Companies Profiled | Tyco International Ltd.; Corero Network Security, Inc.; Robert Bosch LLC; Extreme Networks, Inc.; Juniper Networks, Inc.; McAfee, Inc; NSFOCUS, Inc.; Nortek, Inc.; Allegion plc |
| Customization | Available Upon Request |
As per FMI, North America will continue to remain the most lucrative market for intrusion detection systems during the forecast period.
Tyco International Ltd., Corero Network Security, Inc., Robert Bosch LLC, Extreme Networks, Inc., Juniper Networks, Inc., McAfee, Inc, NSFOCUS, Inc. are some prominent intrusion detection system manufacturers
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Intrusion Detection System Market
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