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IDS / IPS Market in Europe to grow at 12 % CAGR from 2019 to 2025

Author : Ronak Bora | Published Date : 2019-04-09 

Global Market Insights, Inc. presents an extensive report on IDS / IPS market that offers qualitative information about prevailing trends and a detailed analysis of the growth trajectory of this industry. It also includes a study of the historical data and detailed statistics that will help determine the future scope of the industry in terms of commercialization opportunities.

IDS / IPS Market in Europe region is anticipated to grow at a fast pace due to a rise in the number of public-private partnerships and government investments to deploy the IDS / IPS in various points of network system. For instance, the European Union Commission has launched a public-private partnership on cybersecurity that is expected to trigger USD 2 billion of investment by 2020. The UK holds a strong position in the Europe market due to the growing adoption of cloud in public sector institutes by the UK government driving the growth of intrusion detection system / intrusion prevention system (IDS / IPS) market.  

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The network-based IDS / IPS accounted for a share of over 24% in 2018 in the global IDS / IPS market. This system is used for monitoring and analyzing network traffic to safeguard the system from network-based threats. It enables organization to use limited devices for monitoring large networks augmenting their adoption rate. It provides improved visibility across the network, making it easier to meet the security regulations. The systems can also automate hardware inventories reducing labor cost and improving efficiency augmenting their demand in the global market.

The managed service accounts for the largest share in the global IDS / IPS market and is projected to remain dominant over the forecast timespan. The adoption of managed service is on a rise mainly due to the increased sophistication and skill of network attacks, rising number of possibilities to access a network and the growing complexity of defending against threats and intrusion. The managed service providers offer a virtual team to investigate alerts, report security threats, and offer the remediation guidance improving the customers’ ability to respond to unauthorized access or potential intrusions effectively and swiftly driving its market adoption rate.

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The IDS / IPS market growth is attributed to factors including the growing number of IT data breaches and security threats, rising demand for enterprise mobility, and stringent regulations established by government to safeguard consumer data. On an average, over one million new types of malware are created by attackers each day. These malwares try to infiltrate networks increasing the threat of network attacks, driving the usage and demand for global intrusion detection system / intrusion prevention system market. The IDS / IPS solutions monitor the working of firewalls, routers, files and key servers in the network and sends appropriate notifications and alarms on detecting a breach within the network, helping operators to establish and implement effective controls.

IDS / IPS Market in BFSI sector is predicted to grow at the fastest rate over 2019 to 2025. The BFSI industry deals with huge bulk of financial data facilitating insurance, transactions and related financial services to its customers. These financial institutions are prone to huge cyber crimes and physical risks, thereby demanding enhanced security solutions for the industry. The rising adoption of advanced technology, electronic platform, internet, cloud, and mobile banking have created an increased susceptibility to cyber threats to the critical data of the banking customers. This has enhanced the requirement for implementing next generation IDS / IPS solutions in the banking sector.

The key vendors operational in the IDS / IPS market are Cisco, IBM, Dell, Juniper Networks, HP, Huawei, Symantec, Trend Micro, Imperva, McAfee, Sophos, Extreme Networks, and BAE Systems. Companies operating in the market are consistently involved in developing and commercializing advanced intrusion prevention systems.

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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