Market Scenario
As per Market Research Future (MRFR) analysis, the intrusion detection system market 2020 is studied across the assessment period 2020 to 2027. As per MRFR study, the intrusion detection system market is expected to rise with a considerable CAGR and earn substantial valuation in the years to come. The rise in cases of security breaches and rise in cases of cyberattacks can support the expansion of the intrusion detection system market across the analysis period.
The growing political tension across the world and surge in cases of cyberattacks across are some major factors that are expected to contribute largely to the market rise. The exploitation and hacking over internet can result in attacks on different endpoints, over different networks, and cause data breach. The rise in the integration of intrusion detection system across by IT infrastructures can promote the expansion of the market. In addition, the increased installation of intrusion detection system by individuals, governments, and other enterprises can support the expansion of the market across the review period.
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The constant increase in the frequency of digital transactions across the world in multiple sectors and among individuals creates a high risk for cyber-crimes. The increase in the need to resolve enterprise data breaches and prevent data leakage are increasing the adoption of intrusion detection to prevention systems, which is expected to support the expansion of the market. On the contrary, lack in cyber security skills can impede the rise of the intrusion detection system in the near future.
Market Segmentation
The segment analysis of the intrusion detection system market is done by deployment, end-users, and components.
The Deployment based segment of the intrusion detection system market are Infrastructure based and Cloud based. The rising need for Infrastructure based can earn high turnover for the market.
The Components based segment of the intrusion detection system market are Software and Hardware. The later segment can earn substantial revenue.
The End Users based segment of the intrusion detection system market are IT& Communication, BFSI, Software Industry, Aerospace & Defense, Government, Manufacturing, and Healthcare among others. The Software Industry segment can churn high revenue for the intrusion detection system market in the years to come.
Regional Analysis
The expansion of the BYOD culture and CYOD trend across different organizations can support the expansion of North America intrusion detection system market across the review period. BYOD technology is improving and organizations are looking forward to build a mobilized workforce. This is expected to support the expansion of the regional market in the years to come. The rapid increase in the adoption of the BYOD model by multiple
In EU, the surge in organizations that are subscribing to different security services for the protection of devices, such as tablets, smartphones, laptops, and desktops across from cyber threats can contribute to the rise of the regional market. The growing utility of BYOD in different enterprises that require to secure devices inside office premises with remote access to network of the corporate can support the expansion of the intrusion detection system market across the review period. In APAC, the significant rise in the installation of IDPS solutions can drive the regional IDPS market growth in the years to come.
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Key players
Check point (Israel), McAfee (California), Dell (U.S.), Extreme Networks (U.S.), Corero (Massachusetts), IBM (U.S.), Symantec (U.S.), Hewlett-Packard (U.S.), Cisco (U.S.), and Metaflows, Inc. (U.S.) among others are some potential players that are operating in the intrusion detection system market as profiled by MRFR.
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