Intrusion Detection & Protection System Market

Global Intrusion Detection & Protection Systems Market Outlook

The global intrusion detection & protection systems market is estimated at USD 5.5 Billion in 2022 and is forecast to surpass USD 18.4 Billion by 2032, growing at a CAGR of 12.8% from 2022 to 2032.

Report Attributes	Details
Base Year Value (2021A)	USD 4.9 Billion
Estimated Year Value (2022E)	USD 5.5 Billion
Projected Year Value (2032F)	USD 18.4 Billion
Global Growth Rate (2022-2032)	CAGR 12.8%
North America Market Share in 2021	~25%
North America Growth Rate (2022-2032)	CAGR ~13.3%
Collective Value Share (US, China, India) 2021: Top 3 Countries	~40%
Top 5 Companies Market Share in 2021	~22%
Key Companies Profiled	IBM Cisco Systems Symantec Corporation McAfee CheckPoint Security Software Market Trend Micro Juniper Networks Inc. TippingPoint SourceFire Trustwave Other Market Players

The global intrusion detection & protection systems market accounted for ~1% of the global ICT market in 2021. The global intrusion detection & protection systems market is estimated to have an absolute $ opportunity of USD 12.9 Billion during the forecast years of 2022-2032. 

2017-2021 Global Intrusion Detection & Protection Systems Market Outlook in Comparison to 2022-2032 Growth Forecast

With the rising need for distributing IPS workload among multiple devices, there exist security hazards in multiple organizations. However, imperative information can be lost due to the absence of a strong security system.

Unmonitored networks can lead to invasion and malicious and malware attacks on the system, leading to financial losses to the organizations. Therefore, the need for detecting and protecting malware attacks on the system rises leading to the growth of intrusion detection & protection system market. This is estimated to enhance market growth by 1.2X in the coming years.

Fact.MR projects the intrusion detection & protection systems market is expected to witness exhibiting growth at 12.8% CAGR during 2022 and 2032 in comparison to a CAGR of 9.5% with which it grew from 2017 to 2021.

Financial Institutions to Witness Escalated Adoption

The increasing number of malware threats carries the potential to disrupt the functioning of the system leading to the downfall of the organization. The malicious attacks continue to remain a significant challenge for the smooth functioning of various organizations.

The rising need for integrity and safety of confidential information in multiple financial organizations is expected to escalate the adoption of intrusion detection and protection systems, which can help to block suspicious and malicious links and attacks on financial institutions.

Financial organizations can monitor access to multiple networks and seal their internal networking system providing safety. Thus, all the above-listed factors are expected to provide a gain of 340 BPS during the forecast years of 2022-2032.

Escalating number of Security Breaches, Cyberattacks Driving Market Demand

The instances of massive cyberattacks have witnessed an increase worldwide. It involves the usage of the internet for deliberate attacks on endpoints, IT infrastructures, networks, data etc. leading to financial losses for governments, enterprises and individuals. Moreover, there has been an increase in the number of digital transactions leading to an enhanced frequency of cybercrimes.

Therefore, the increasing number of data breaches and data leakages is fueling the market demand and growth of the intrusion detection & protection systems market by 1.3X during forecast years of 2022-2032.

Augmented Growth in BYOD and CYOD Provides Opportunity

Companies and organizations are mobilizing their workforce as the technology related to BYOD is improving. Companies are adopting the BYOD model, and are subscribing to security services to protect devices such as tablets, smartphones, laptops, desktops etc. from cyber threats.

This not only protects devices inside offices premises but also in remote access to the corporate network. This is estimated to provide a gain of 430 BPS to the intrusion detection & protection system market in the coming forecast years of 2022-2032.

Lack of Skilled Security Professionals Creating Challenges

The lack of cybersecurity skills is one of the biggest challenges that organizations face today. The organizations are not able to meet growing IT security needs due to the non-availability of skilled IT security professionals.

Sometimes, security professionals lack the right skill to analyze and identify potential threats or cyberattacks on the organization's systems, leading to complications. This is estimated to restrict market growth by 0.4X in the coming years.

Region-wise Insights

Which region accounts for more market share in Intrusion Detection & Protection Systems Market?

North America intrusion detection & protection systems market accounts for 25.3% of the overall intrusion detection & protection systems market share and is projected to grow at a CAGR of 13.3% during forecast years.

This is attributed to the region being a hub of sustainable and well-established economies empowering investing and significantly investing in research & developmental activities, thereby contributing to the development of new technologies.

What is the market scenario in East Asia and South Asia for Intrusion Detection & Protection Systems Market?

East Asia and South Asia intrusion detection & protection systems market accounts for 19.7% and 18.4% of the intrusion detection & protection systems market. Collectively, they hold 38.2% of the overall intrusion detection & protection systems market share respectively. 

The high growth is attributed to the development and adoption of methodologies such as artificial intelligence, machine learning, big data analytics, internet of things (IoT) etc. are being deployed in emerging economies of China, India, etc. Moreover, the presence of small and medium-sized enterprises are increasing at a greater pace to widen their consumer base. As the region, is most affected by cyber and malware attacks, there exists rising importance of intrusion detection and protection software in the region. This is estimated to support market growth by 1/5th or ~20% of current levels in coming years.

Category-wise Insights

Which deployment type is estimated to account for largest market share in Intrusion Detection & Protection Systems Market?

Based on the deployment type, SaaS held nearly 53% of the overall market share of the intrusion detection & protection systems market. Owing to low cost and features such as speed, cost-efficiency, scalability, agility etc., organizations are migrating their infrastructure to the cloud. 

As the tasks can be executed from anywhere, it makes the system more vulnerable to cyberattacks and malware to spread to all environments easily and quickly. However, intrusion detection & protection system makes the detection faster, thereby commanding more demand. Therefore, the segment is projected to grow at a CAGR of 13.3% during the forecast years. 

Which end-user dominates the Intrusion Detection & Protection Systems Market during the assessment period of 2022-2032?

The end-user of intrusion detection & protection systems are small and medium enterprises along with large enterprises. Large enterprises account for 62.1% of the intrusion detection & protection system market. Owing to the escalating need to maintain data security and integrity, the demand for intrusion detection & protection system is rising amongst large enterprises. Therefore, the segment is projected to grow at a CAGR of 13.5% in the coming years.

Competitive Landscape: Top Companies in Intrusion Detection & Protection Systems Market

The global intrusion detection & protection systems market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced intrusion detection & protection systems.

Fact.MR has provided detailed information about price points of top service providers in intrusion detection & protection systems market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

1. McAfee launched McAfee MVISION Insights in 2019, which provides actionable insights and threats thereby helping enterprises to respond quickly and accurately to cyberattacks. This enables tracking the attacks globally and across networks and cloud infrastructure of an organization
2. Cloud Conformity which offers cloud security posture management as per industry standards, was acquired by Trend Micro in 2019 to improve its cloud services offering

Global Intrusion Detection & Protection Systems Market by Category

• By Deployment Type, Global Intrusion Detection & Protection Systems Market is segmented as:

  • On-Premises Intrusion Detection & Protection System
  • SaaS Intrusion Detection & Protection System

• By Application, Global Intrusion Detection & Protection Systems Market is segmented as:

  • Network Based IDS System
  • Hybrid Based IDS System
  • Host Based IDS System

• By End-User, Global Intrusion Detection & Protection Systems Market is segmented as:

  • Small & Medium Enterprises
  • Large Enterprises

• By Industry, Global Intrusion Detection & Protection Systems Market is segmented as:

  • BFSI Industry
  • Healthcare Industry
  • IT & Telecom Industry
  • Retail Industry
  • Energy & Utilities
  • Manufacturing Industry

• By Region, Global Intrusion Detection & Protection Systems Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia
  • Oceania
  • MEA