The global Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market is projected to grow up to $5.04 billion in 2019 from $2.71 billion in 2014 with a CAGR of 13.2 percent, as per a latest report by MarketsandMarkets.
The growth of the intrusion detection system market is based on a number of driving forces, the major drivers for the Prevention System security market are the continuous sophistication of the cyber attacks, security threats and hacking attempts increasing governmental pressure on security compliance and regulations and increasing spending on IT security solutions and services. Driven by these factors IDS/IPS market is evolving and gaining maturity and now moving towards its advanced stage which is the “Next Generation IDS/IPS”
The global IDS market has also been classified on the basis of industry verticals and regions. Based on the industry verticals the Intrusion Prevention system market is segmented into Aerospace, defence and intelligence, Government and public utilities, BFSI, IT and Telecommunication, Healthcare and Life sciences; Retail, and Transportation. Based on the regions the global Intrusion Detection System/Intrusion Prevention System security market has been segmented into five regions namely North America, Europe, MEA, APAC and Latin America. At present in 2014 North America is the biggest market for intrusion detection and prevention system, but the growing economies of Europe and Asia such as Germany, Norway, Indonesia, China, India, Korea and others are a good opportunity for this market.
