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Global IDPS Market Size is Projected to Grow from USD 4.7 Billion in 2019 to USD 7.1 Billion by 2024 - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The  “Intrusion Detection and Prevention Systems Market by Component (Solutions and Services), Type, Deployment Type (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024”  report has been added to  ResearchAndMarkets.com’s  offering.

An increase in the number of security breaches and cyberattacks faced by organizations is driving the growth of the global intrusion detection and prevention systems market

The global Intrusion Detection and Prevention Systems (IDPS) market size is projected to grow from USD 4.7 billion in 2019 to USD 7.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.3% from 2019 to 2024. An increasing number of security breaches and cyberattacks and mandate to follow regulatory and data protection laws have contributed to the growth of the IDPS ecosystem.

By deployment, the cloud segment hold a larger market size in 2019

Organizations are migrating their infrastructure to cloud due to its lower cost and features, such as agility, scalability, speed, and cost-efficiency. In the cloud deployment mode, a service provider hosts the entire infrastructure and its capabilities, which are provided to organizations on a need-basis and can scale up when required. As the cloud system provides users with the ability to execute tasks anywhere, it makes the system more vulnerable to cyberattacks, and the malware can be spread in these environments more quickly.

However, cloud solutions make detection faster by scanning all the endpoints and servers that are connected in the system. Organizations suffer from staff shortage when it comes to maintaining security operations. Cloud platforms come with other additional services, such as support and consulting which are provided by security vendors, Managed Security Service Providers (MSSPs), and other vendors offering IDPS platform or solutions.

APAC to register the highest growth rate during the forecast period

Asia Pacific (APAC) comprises of emerging economies, such as India, China, Australia, and Japan, with developed security infrastructure. Machine Learning (ML), Internet of Things (IoT), big data analytics, and Artificial Intelligence (AI) are emerging methodologies that are being deployed in this region. APAC is home to large number of established Small and Medium-sized Enterprises (SMEs), which are growing at laudable pace to cater to their large customer base. Despite the growing importance of SMEs in this region, they are most affected mostly by cyber and malware attacks owing to budgetary constraints and resource shortages.

According to FireEye, organizations in APAC take almost 3 times as long as the Rest of the World (RoW) to realize that a malware has successfully broken into their network mainly because of the dependency on external third-parties. According to a report by Malwarebytes in January 2019, APAC remains a prime target for cyberattacks, with Australia, Indonesia, Malaysia, Thailand, and the Philippines among the top 10 countries with most business malware detections globally.

Key Benefits of Buying the Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the global IDPS market and its subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and to plan suitable go-to-market strategies. Moreover, the report will provide insights for stakeholders to understand the pulse of the market and provide them with information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

1.1 Objectives of the Study

1.2 Market Definition

1.2.1 Inclusions and Exclusions

1.3 Market Scope

1.3.1 Market Segmentation

1.3.2 Regions Covered

1.4 Years Considered for the Study

1.5 Currency Considered

1.6 Stakeholders

2 Research Methodology

2.1 Research Data

2.1.1 Secondary Data

2.1.2 Primary Data

2.2 Market Breakup and Data Triangulation

2.3 Market Size Estimation

2.3.1 Top-Down Approach

2.3.2 Bottom-Up Approach

2.4 Market Forecast

2.5 Microquadrant Research Methodology

2.5.1 Vendor Inclusion Criteria

2.6 Assumptions for the Study

2.7 Limitations of the Study

3 Executive Summary

4 Premium Insights

4.1 Attractive Market Opportunities in the IDPS Market

4.2 Intrusion Detection and Prevention Systems Market By Component, 2019

4.3 IDPS Market, By Organization Size, 2019-2024

4.4 IDPS Market, By Deployment Mode, 2019-2024

4.5 IDPS Market, Market Share of Top 3 Verticals and Regions, 2019

5 Market Overview and Industry Trends

5.1 Introduction

5.2 Market Dynamics

5.3 Regulatory Implications

6 Intrusion Detection and Prevention Systems Market By Component

6.1 Introduction

6.2 Solutions

6.3 Services

7 IDPS Market, By Type

7.1 Introduction

7.2 Network-Based

7.3 Wireless-Based

7.4 Network Behavior Analysis

7.5 Host-Based

8 Market By Deployment Type

8.1 Introduction

8.2 Cloud

8.3 On-Premises

9 Intrusion Detection and Prevention Systems Market By Organization Size

9.1 Introduction

9.2 Small and Medium-Sized Enterprises

9.3 Large Enterprises

10 IDPS Market, By Vertical

10.1 Introduction

10.2 Banking, Financial Services, and Insurance

10.3 Government and Defense

10.4 Healthcare

10.5 IT and Telecom

10.6 Retail and Ecommerce

10.7 Manufacturing

10.8 Others

11 Intrusion Detection and Prevention Systems Market By Region

11.1 Introduction

11.2 North America

11.3 Europe

11.4 Asia Pacific

11.5 Middle East and Africa

11.6 Latin America

12 Competitive Landscape

12.1 Overview

12.2 Competitive Leadership Mapping

12.3 Competitive Scenario

12.3.1 New Product Launches and Product Enhancements

12.3.2 Partnerships and Collaborations

12.3.3 Mergers and Acquisitions

13 Company Profiles

13.1 Introduction

13.2 Cisco Systems

13.3 IBM

13.4 McAfee

13.5 Trend Micro

13.6 Palo Alto Networks

13.7 AT&T Cybersecurity

13.8 DarKTrace

13.9 Fireeye

13.10 Alert Logic

13.11 Fortinet

13.12 WatchGuard

13.13 Vectra

13.14 NSFOCUS

13.15 Armor Defense

13.16 Bluvector

13.17 Extrahop Networks

13.18 Hilstone Networks

13.19 Secureworks

13.20 Huawei

13.21 Bricata

13.22 Right to Win

For more information about this report visit  https://www.researchandmarkets.com/r/f9858h

View source version on businesswire.com:https://www.businesswire.com/news/home/20200106005658/en/

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PUB: 01/06/2020 10:03 AM/DISC: 01/06/2020 10:03 AM

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