Global Intrusion Detection System Market

Global Intrusion Detection System Market Size, Share, Growth Analysis, By Component(Solutions, Services), By Type(Network-based, Wireless-based), By Deployment Mode(Cloud, On-Premises) - Industry Forecast 2024-2031


Report ID: SQSG45E2039 | Region: Global | Published Date: February, 2024
Pages: 165 | Tables: 89 | Figures: 76

Global Intrusion Detection System Market Insights

Global Intrusion Detection System Market size was valued at USD 4.52 billion in 2019 and is poised to grow from USD 4.8 billion in 2023 to USD 8.18 billion by 2031, growing at a CAGR of 6.11% in the forecast period (2024-2031).

The cycle of control events that occur in a computer system are examined for signs of potential phishing incidents during intrusion detection. Programming for intrusion detection measures is called an intrusion detection system (IDS). The primary concern of an intrusion detection system (IDS) is to discern between dangerous activities. An intrusion prevention system (IPS) is software that can both detect intrusions and prevent them from happening in the future. BFSI applications dominate other diverse application sectors, including aviation, safety, transportation, and medical services, in terms of usage. The best way to protect online financial systems from attacks and incursions is to use an intrusion detection system (IDS), which is helping to increase the intrusion detection system market share internationally.

There are many options, ranging from antivirus software to cutting-edge systems that monitor the traffic of an entire major organization. The organization depends on the movement or discovery strategy under examination. Network interruption identification systems (NIDS) and host-based interruption discovery systems are supported by the dissect movement technique (HIDS). Through the use of a center point or organization switch configured for port reflecting, NIDS interfaces with many hosts and detects interruptions by examining network traffic. Comparatively, an expert on a host is used by an intrusion detection system to identify intrusions by examining framework calls, application logs, and document framework modifications. The location approach, on the other hand, includes signature-based identification, which makes use of clearly realized instances to distinguish malevolent code and oddity finding that are used to uncover abnormal behavior in the framework.

US Intrusion Detection System Market is poised to grow at a sustainable CAGR for the next forecast year.

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Global Intrusion Detection System Market size was valued at USD 4.52 billion in 2019 and is poised to grow from USD 4.8 billion in 2023 to USD 8.18 billion by 2031, growing at a CAGR of 6.11% in the forecast period (2024-2031).

Due to the presence of numerous local and regional companies, the market for intrusion detection and prevention systems is extremely fragmented and competitive. Key players use a variety of marketing tactics, including mergers & acquisitions, expansions, collaborations, and partnerships. Additionally, the top businesses use new product creation as a strategic way to enhance their market position among consumers. These tactics led to the inclusion of sophisticated intrusion detection and security systems. 'Honeywell International Inc.', 'Tyco International Ltd. (Johnson Controls International Plc)', 'Bosch Security Systems (Robert Bosch GmbH)', 'Schneider Electric SE', 'FLIR Systems, Inc.', 'Nortek Security & Control LLC (Melrose Industries Plc)', 'Axis Communications AB (Canon Inc.)', 'Hikvision Digital Technology Co., Ltd.', 'Anixter International Inc.', 'ADT Inc.', 'Securitas AB', 'STANLEY Security (STANLEY Black & Decker, Inc.)', 'Panasonic Corporation', 'Johnson Controls International Plc', 'Molex LLC (Koch Industries, Inc.)', 'UTC Fire & Security (United Technologies Corporation)', 'Siemens AG', 'Corning Incorporated', 'Verint Systems Inc.', 'AxxonSoft'

The use of the internet for planned, politically motivated attacks on endpoints, networks, data, and other IT infrastructures results in data loss for individuals, businesses, and governments in instances of significant cyberattacks around the world. Cybercrimes are happening more frequently as a result of the quick increase in digital transactions across all sectors worldwide. The market for intrusion detection and prevention systems is being driven by the rise in enterprise data breaches and data leaks.

As BYOD-related technology develops, businesses are mobilizing their employees. Organizations are signing up for security services to shield devices like smartphones, tablets, desktop computers, and laptops from cyber dangers as a result of the BYOD model's adoption. Businesses now need to safeguard devices that have remote access to the corporate network in addition to those that are inside the workplace due to the growing use of BYOD. The IDPS market is anticipated to expand as a result of this aspect, greatly increasing the use of IDPS solutions.

The intrusion detection and protection systems market is dominated by North America accounting for over 25.3% of the global market share, and is expected to expand at a CAGR of 13.3% over the course of the forecast years. This is explained by the fact that the area is home to numerous stable, established economies that support investment and make considerable investments in R&D initiatives, hence fostering the creation of new technology.

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Global Intrusion Detection System Market

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