Intrusion Detection System Market is projected to grow
at a higher CAGR till 2027
The Intrusion Detection System Market is estimated to grow at a higher CAGR over the forecast period (2020-2027).
The factors driving growth of the Intrusion Detection System Market includes rising incidences of data breaches and cyber attacks around the world, emerging trend of Bring Your Own Device (BYOD), increasing penetration of smartphones and tablets, growing demand for video surveillance systems and improvements in the living standards. Moreover, rising focus of companies on complying with regulatory framework, increase in the launch of innovative products, growing acceptance for cutting-edge intrusion detection technologies by the IT organizations, and rapid urbanization, are some of the additional factors supplementing the Intrusion Detection System Market size. In addition, the increasing investments by major enterprises on research and development, strategic partnerships and collaborations between leading players and growing population growth rates, are further contributing towards the market growth.
However, growth of the Intrusion Detection System Market is hindered due to insufficient availability of skilled professionals.
The prominent players operating in the market are FireEye, Inc., Darktrace, Fortinet, Inc., Cisco, McAfee, LLC, IBM, Alert Logic, Inc., Palo Alto Networks, Trend Micro Incorporated, and AT&T Cybersecurity, among others. FireEye, Inc., Darktrace, Fortinet, Inc., Cisco, McAfee, LLC, IBM, Alert Logic, Inc., Palo Alto Networks, Trend Micro Incorporated, and AT&T Cybersecurity are a few of the well-known companies that operate in the sector.
Based on Component, the Solutions segment is predicted to grow at a significant CAGR during the forecast period
Intrusion detection systems are increasingly deployed by organizations to protect them from unauthorized traffic entering the network and malware, which is pushing growth of the segment.
Based on Vertical, the BSFI segment is projected to grow at a robust CAGR over the forecast period
Intrusion detection systems protects banking companies from malicious and suspicious links and attacks, which is propelling segment’s growth.
Based on Region, the North American region is anticipated to expand at a remarkable CAGR during the forecast period
Presence of the leading players such as McAfee, LLC, IBM Corporation, and Cisco, growing adoption of advanced technologies such as Artificial Intelligence (AI) and Machine Learning (ML), rapid urbanization and high per capita incomes, are some of the important factors augmenting the market growth in North America.
Segmentation by Component
Segmentation by Type
Segmentation by Deployment Type
Segmentation by Vertical
Segmentation by Region
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