Intrusion Deduction and Prevention System Global Market Report 2024

The intrusion deduction and prevention system market size has grown strongly in recent years. It will grow from $5.21 billion in 2023 to $5.61 billion in 2024 at a compound annual growth rate (CAGR) of 7.8%. The expansion observed in the historical period can be attributed to several factors, including the increased frequency and sophistication of cyber attacks, advancements in technology, and a heightened awareness of insider threats. These elements collectively contributed to the growth during that timeframe.

The intrusion deduction and prevention system market size is expected to see strong growth in the next few years. It will grow to $7.21 billion in 2028 at a compound annual growth rate (CAGR) of 6.5%. The anticipated growth in the forecast period can be attributed to the expanding digitization of processes, an increased demand for robust security solutions, and the growing emphasis on mobility in various sectors. Key trends expected in the forecast period encompass regulatory changes affecting the cybersecurity landscape, the evolving cybersecurity threats landscape, economic conditions influencing security priorities, and shifts in market dynamics. These factors collectively contribute to the projected growth in the intrusion detection and prevention systems market.

The escalating cybersecurity threats are poised to drive the growth of the intrusion detection and prevention system market in the foreseeable future. Cybersecurity threats encompass malicious activities or events that pose risks to information systems, networks, devices, and data, fueled by technological reliance, expanding attack surfaces, and insufficient cybersecurity awareness and education. Intrusion detection and prevention systems play a pivotal role in proactively monitoring networks, identifying threats, and implementing preventive measures to safeguard against cyber attacks. This ensures the integrity, confidentiality, and availability of systems and data. According to the Australian Cyber Security Centre in February 2023, cybercrime reports reached 76,000 in 2022, marking a 13% increase from the previous year. This substantial rise in cybersecurity threats is a key driver for the growth of the intrusion detection and prevention system market.

Prominent companies within the intrusion detection and prevention system market are actively engaged in developing innovative technological solutions to address the evolving cybersecurity landscape and enhance protection for critical infrastructure. Notably, industrial intrusion prevention systems (IPS) have emerged as a significant security solution designed to safeguard critical infrastructure and industrial networks from cyber threats by detecting and preventing malicious activities. In October 2022, Moxa Inc., a Taiwan-based technology company specializing in edge connectivity, introduced industrial intrusion prevention systems (IPS) on its EDR-G9010 Series secure routers, bolstering cybersecurity capabilities for critical infrastructure protection. This integration transforms the EDR-G9010 series routers into industrial next-generation firewalls, equipped with advanced threat detection and prevention features, consolidating firewall, NAT (Network Address Translation), VPN (Virtual Private Network), and switch functionality.

In March 2022, Fresche Solutions, a Canada-based software company, successfully acquired Trinity Guard for an undisclosed amount. This strategic acquisition is geared towards enhancing security offerings, addressing critical customer needs, gaining access to advanced technology, and further solidifying their market position in the IBM i solutions landscape. Trinity Guard, a US-based developer of intrusion detection and prevention systems and advanced software for identification and protection, brings valuable expertise to Fresche Solutions in bolstering their security solutions.

Major companies operating in the intrusion deduction and prevention system market are AT&T Inc., Robert Bosch LLC, Hewlett Packard Enterprise Development LP, Dell Technologies, Tyco International Ltd., Palo Alto Networks, Juniper Networks Inc., Allegion plc, Nortek Inc., Check Point Software Technologies Ltd., Extreme Networks Inc., Bricata Inc., Hilstone Networks, Symantec Corporation, Huawei, Corero Network Security Inc., Secureworks Inc, Fortinet Inc., Darktrace, Trustwave Holdings, Tipping Point, AlertLogic, ExtraHop Networks, Cynet.

North America was the largest region in the intrusion deduction and prevention system market in 2023. The regions covered in the intrusion deduction and prevention system market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the intrusion deduction and prevention system market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

An intrusion detection and prevention system (IDPS) is a security technology specifically crafted to identify and respond to unauthorized access attempts or malicious activities within a computer network or system. Its primary function is to assist organizations in upholding the integrity, confidentiality, and availability of their digital assets. The IDPS achieves this by offering real-time alerts, automated responses, and detailed reports on security incidents, enabling proactive measures against potential threats.

The primary types of intrusion detection and prevention systems include host-based intrusion detection systems (HIDS), network-based intrusion detection systems (NIDS), online network intrusion detection systems, and offline network intrusion detection systems. A host-based intrusion detection system (HIDS) is a security mechanism focused on monitoring and analyzing the internals of a computing system. These systems consist of various components, including hardware, software, and services, and can be deployed in different modes, such as on-premises and in the cloud. They find application across diverse end-user sectors, including banking, financial services and insurance (BFSI), retail and e-commerce, information technology and telecommunications, among others.

The intrusion deduction and prevention system market research report is one of a series of new reports that provides intrusion deduction and prevention system market statistics, including intrusion deduction and prevention system industry global market size, regional shares, competitors with a intrusion deduction and prevention system market share, detailed intrusion deduction and prevention system market segments, market trends and opportunities, and any further data you may need to thrive in the intrusion deduction and prevention system industry. This intrusion deduction and prevention system market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The intrusion detection and prevention system market consists of revenues earned by entities by services such as packet capture, signature-based detection, anomaly-based detection, traffic analysis, logging and reporting, vulnerability assessment, and policy enforcement. The market value includes the value of related goods sold by the service provider or included within the service offering. The intrusion detection and prevention system market also includes sales of sensors, detection engines, and correlation engines. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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