Intrusion Detection & Protection System Market
Intrusion Detection & Protection System Market Study by On-premise and SaaS for BFSI, Healthcare, IT & Telecom, Retail, Energy & Utilities, and Manufacturing from 2024 to 2034
Analysis of Intrusion Detection & Protection System Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Intrusion Detection & Protection System Market Outlook (2024 to 2034)
The global intrusion detection & protection system market will be valued at US$ 6.8 billion in 2024, as revealed in the updated Fact.MR research report. Market revenue has been forecast to increase at a CAGR of 11% and reach US$ 19.2 billion by the end of 2034.
In recent years, there has been a noteworthy increase in external and internal unethical practices and external cyberattacks. Thereby, there has been an increase in the demand for intrusion detection & protection systems due to the rising trend of automating workplace and home security systems. The growing adoption of tablets and smartphones is also contributing to increasing incidents of malware threats that interrupt the appropriate functioning of these system. These malicious attacks are creating obstacles in the smooth functioning of organizations, thereby resulting in increased deployment of intrusion detection & protection equipment.
Escalating requirements for the safety and integrity of intimate information in financial organizations are contributing to the growing installation of intrusion detection & protection systems, which is supporting the blocking of malicious and apprehensive attacks and links in financial firms. These cyberattack incidents are contributing to the growing deployment of software and infrastructure protection devices.
- East Asia is analyzed to account for 25.8% share of the global market by the end of 2034.
- The market in South Korea is evaluated to accelerate at 12.7% CAGR from 2024 to 2034.
- Worldwide demand for intrusion detection & protection systems for use in small & medium enterprises is projected to increase at a CAGR of 10.4% and reach a market worth of US$ 13.1 billion by 2034-end.
| Report Attribute | Detail |
|---|---|
| Intrusion Detection & Protection System Market Size (2024E) | US$ 6.8 Billion |
| Forecasted Market Value (2034F) | US$ 19.2 Billion |
| Global Market Growth Rate (2024 to 2034) | 11% CAGR |
| Japan Market Growth Rate (2024 to 2034) | 12.5% CAGR |
| Market Share of BFSI Sector (2034F) | 25% |
| North America Market Share (2034F) | 24.6% |
| Key Companies Profiled | CheckPoint Security Software Market; IBM; Trustwave; Cisco Systems; SourceFire; Juniper Networks Inc.; Symantec Corporation; McAfee; Palo Alto Networks; Trend Micro; Fortinet; TippingPoint. |
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Which Prominent Factors are Contributing to Intrusion Detection & Protection System Market Growth?
“Escalating Demand for Intrusion Detection & Protection Systems in Financial Institutions”
Rising number of cases of malware threats have the potential to disrupt the proper functioning of a system, which results in an organization's downfall. Malicious attacks are one of the key threats against the smooth functioning of organizations. The increasing requirements for the safety and integrity of confidential information in various financial organizations are escalating the installation of intrusion detection & protection systems. They assist in blocking malicious and suspicious attacks on respective financial institutions.
With these advanced systems installed, financial organizations monitor the assessment of multiple networks and strengthen internal networking systems for improved safety.
“Rising Number of Cyberattacks and Security Breaches”
In recent years, there has been a noteworthy increase in massive cyberattacks globally. It includes the use of the internet as a means for deliberate attacks on IT infrastructure, endpoints, data, and networks, which results in financial losses for enterprises, governments, and individuals. Further, an increase in the count of digital transactions is also resulting in growing cases of cybercrimes. Thereby, the growing number of data leakages and data breaches is contributing to the expanding intrusion detection & protection system market size.
What Challenges are Encountered by Intrusion Detection & Protection System Providers?
“Dearth of Skilled Security Professionals”
Lack of proficient cybersecurity personnel is one of the prominent challenges faced by various organizations today. They are not able to match the increasing IT security requirements owing to the limited availability of respective security professionals. There are certain incidences when security professionals lack appropriate skills to analyze and identify potential cyberattacks or threats on the respective organization’s system, resulting in complications.
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What Strategies are Startups Formulating to Enhance Their Market Presence?
“Leveraging Rapid Growth of CYOD and BYOD Trends”
With increasing improvements in BYOD (bring your own device) technology, more organizations are putting efforts into mobilizing their workforce. They are subscribing to advanced security services for protecting devices, including desktops, laptops, tablets, and smartphones, from cyber threats with the BYOD model adoption. Startups are expected to invest significantly in offering more advanced intrusion detection & protection system solutions with improved safety features.
Country-wise Insights
East Asia is forecast to hold a share of 25.8% of global market revenue by 2034, as asserted in the recently updated analysis published by Fact.MR, a market research and competitive intelligence provider. Increasing cloud computing trends and the presence of well-established IT infrastructure in the region are contributing to the rising installation of intrusion detection & protection systems for improved security.
Why are Market Players Willingly Investing in the United States?
“Presence of Well-established IT Infrastructure Generating Demand for Advanced Security Solutions”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 769 Million |
| Growth Rate (2024 to 2034) | 10.9% CAGR |
| Projected Value (2034F) | US$ 2.2 Billion |
The United States is expected to capture a share of 45.6% of the North American market by the end of 2034. The presence of well-established IT infrastructure is generating demand for intrusion detection & protection systems to minimize threats and ensure security. In addition, the increasing number of hackers and terrorist organizations trying to steal sensitive data is also leading to the higher installation of intrusion detection & protection solutions in the country.
How Opportunistic is the Market in China for Industry Players?
“Rising Development of Advanced Technologies Widening Application Scope of Advanced Security Systems”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 762 Million |
| Growth Rate (2024 to 2034) | 12% CAGR |
| Projected Value (2034F) | US$ 2.4 Billion |
China is expected to account for a share of 47.5% of the market in East Asia by 2034. Increasing development of advanced technologies, such as machine learning, artificial intelligence, Internet of Things (IoT), and big data analytics is contributing to the growing deployment of intrusion detection & protection systems in the country. The presence of various small and medium-sized enterprises is contributing to a larger consumer base, which is contributing to the installation of intrusion detection & protection systems. Moreover, rising incidence of malware and cyberattacks has been driving up the importance of intrusion detection & protection systems for organizations.
Why is There Widespread Installation of Intrusion Detection & Protection Systems in Japan?
“High Number of Organizations Shifting Their Infrastructure on Cloud”
| Attribute | Japan |
|---|---|
| Market Value (2024E) | US$ 450 Million |
| Growth Rate (2024 to 2034) | 12.5% CAGR |
| Projected Value (2034F) | US$ 1.5 Billion |
Japan is projected to occupy 29.4% of the East Asian market share by the end of 2034. In recent years, various organizations in the country have been giving preference to shifting their infrastructure to the cloud, which is making them more vulnerable to malware and cyberattacks. Installation of intrusion detection & protection systems ensures the identifying any issues faster.
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Category-wise Insights
Fact.MR, in its recently updated report, reveals that SaaS-based deployment of intrusion detection & protection systems is projected to hold a significant share of global market revenue. Cost efficiency, speed, scalability, and agility are some features which are contributing to the growing migration of organizations’ infrastructure on the cloud.
Which End User is Generating Remunerative Opportunities for Market Players?
“High Deployment of Intrusion Detection & Protection Systems at Small & Medium Enterprises”
| Attribute | Small & Medium Enterprises |
|---|---|
| Segment Value (2024E) | US$ 4.9 Billion |
| Growth Rate (2024 to 2034) | 10.4% CAGR |
| Projected Value (2034F) | US$ 13.1 Billion |
Small & medium enterprises are set to possess a share of 68% of the global market by the end of 2034. There are more chances of threats to the infrastructure of small & medium enterprises. These enterprises have comparatively limited resources and skilled professionals to keep an eye on every minute activity, thereby installation of intrusion detection & protection systems ensures a safe and effective operation.
Why Have These Systems Become Increasingly Popular in the BFSI Sector?
“Increasing Incidents of Malicious Attacks on Infrastructure”
| Attribute | BFSI |
|---|---|
| Segment Value (2024E) | US$ 1.9 Billion |
| Growth Rate (2024 to 2034) | 9.7% CAGR |
| Projected Value (2034F) | US$ 4.8 Billion |
The BFSI sector is approximated to capture 25% of the intrusion detection & protection system market share by the end of 2034. Increasing incidences of malicious attacks through multiple networks are generating demand for intrusion detection & protection systems for improved security. In addition, rising requirements for the integrity and protection of isolated information in various financial companies are resulting in the increased deployment of critical infrastructure protection systems.
Competitive Landscape
Key players in the intrusion detection & protection system industry are formulating various strategies, including mergers, acquisitions, collaborations, partnerships, and new product development to gain prominence. They are making constant efforts to get a competitive edge.
For instance:
- McAfee, in 2019, launched McAfee MVISION Insights, which offers actionable threats and insights to help enterprises respond accurately and quickly to cyberattacks. This will enable tracking the attacks across networks.
- Cloud Conformity provides cloud security posture management solutions according to industry standards. In 2019, the company was acquired by Trend Micro to improve offerings in cloud services.
Fact.MR provides detailed information about the price points of key providers of intrusion detection & protection systems positioned across the world, sales growth, production capacity, and speculative technological expansion, in the recently updated market report.
Segmentation of Intrusion Detection & Protection System Market Research
-
By Deployment Type :
- On-premise
- SaaS
-
By Application :
- Network-based
- Hybrid-based
- Host-based
-
By End User :
- Small & Medium Enterprises
- Large Enterprises
-
By Industry :
- BFSI
- Healthcare
- IT & Telecom
- Retail
- Energy & Utilities
- Manufacturing
-
By Region :
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia & Pacific
- MEA
- FAQs -
How big is the intrusion detection & protection system market in 2024?
The global intrusion detection & protection system market is estimated at US$ 6.8 billion in 2024.
What is the demand outlook for intrusion detection & protection system?
Worldwide demand for intrusion detection & protection systems is projected to reach a value of US$ 19.2 billion by 2034-end.
At what rate is the global market evaluated to increase?
The global market is projected to expand at a CAGR of 11% from 2024 to 2034.
What is the contribution of East Asia to global market revenue?
East Asia is approximated to account for 25.8% share of the global market by 2034.
At what CAGR is the market analyzed to accelerate in South Korea?
Sales of intrusion detection & protection systems in South Korea are evaluated to rise at 12.7% CAGR from 2024 to 2034.
How much share of the global market is the BFSI sector forecasted to account for?
The BFSI sector is projected to capture 25% of global market revenue share by 2034.
Who are the leading providers of intrusion detection & protection systems?
IBM, Trustwave, Cisco Systems, Symantec Corporation, and McAfee are some of the leading players in the market.
Intrusion Detection & Protection System Market