Intrusion Detection System Market

Global Intrusion Detection System Market Size (2024 to 2029)

The global Intrusion Detection System Market is predicted to reach USD 5.34 billion in 2024 and USD 6.98 billion in 2029, growing at a CAGR of 5.5% during the forecast period.

The intrusion detection system monitors network traffic for suspicious activity and alerts when any suspected activity is discovered. The intrusion detection system detects anomalies to catch hackers before they damage a network. The intrusion detection systems can be based on a Network (Cloud-based) or a host (on-premises). A host-based intrusion detection system is installed in the client system, while a network-based IDS resides on the network.  IDS can be implemented as a software application running on hardware or as a network security appliance. Moreover, a Cloud-based Intrusion Detection system is also there to protect data and systems in the cloud deployment. An ID has several benefits, such as the ability to identify security incidents and help analyze the quantity and type of threats. The intrusion detection system is widely used in Banking, Financial Services and Insurance (BFSI), Government and Defence, Healthcare, Information Technology (IT) and Telecom, Retail and e-commerce, Manufacturing, etc, industries in order to detect cyberattacks. Owing to several benefits and applications for several verticals, it is fueling the growth of the Intrusion Detection System in the projected period between 2024 to 2029.

Global Intrusion Detection System Market Drivers:

The Intrusion Detection System Market's driving force is increasing internet use worldwide, which causes a lot of data traffic and is more prone to cyber-attacks. Organizations are deploying intrusion detection systems on the cloud or premises to combat these attacks. The growing instances of massive cyber-attacks across the globe involves the use of the internet for thoughtful and politically motivated attacks on endpoints, networks, data, and other IT infrastructures that result in data loss for individuals, enterprises, and governments. Moreover, the rapid increase in digital transactions worldwide across various verticals leads to an increase in the frequency and chances of cyberattacks, fueling the demand for Intrusion Detection Systems globally. With the growing Bring Your Device concept, organizations are subscribing to security services to protect their devices, such as smartphones, desktops, tablets, and laptops, from cyber threats. Moreover, organizations or enterprises have those devices on their premises and those with remote access to the corporate network. This factor is significantly propelling the demand for IDS solutions, further fueling the growth of the Intrusion detection system in the market shortly.

Global Intrusion Detection System Market Restraints:

The enormous cost associated with the adoption of IDS solutions is a major challenge for small and medium enterprises to invest huge capital in cyber security, as they also spend huge sums on other IT infrastructure, hampering the growth of the Intrusion Detection System Market.

COVID-19 Impact on the global intrusion detection system market: 

COVID-19 has had a positive impact on the Global Intrusion Detection System Market. Due to the pandemic, various government and regulatory authorities have imposed strict regulations on public and private organizations to hold new practices for working remotely and maintaining social distancing protocols. Since then, organizations have adopted digital ways of doing business that have become the new business continuity plan for various organizations. Also, the increasing BYOD and work-from-home to modernize their work culture is fueling the demand for IDS solutions shortly.

REPORT COVERAGE:

This research report on the global intrusion system market has been segmented and sub-segmented based on the components, type, mode, size, end-users, and region.

Global Intrusion Detection System Market - By Components:

• Solutions

  • Hardware

  • Software

• Services

  • Integration

  • Support & Maintenance

Solution Segment is expected to rule the market during the forecast period between 2024 and 2029. Enterprises are always under constant threat of new-age complicated cyberattacks. However, enterprises use several security tools that serve different purposes to keep the enterprise safe from unauthorized traffic entering the network, along with advanced threats and malware that successfully enter the enterprise's networks. The solution segment comprises hardware and software components that can be installed on the network and offer intrusion detection and prevention capabilities. Security vendors offer this technology as an independent tool or a solution that integrates with the existing security infrastructure of the enterprises. Owing to these factors, the solution segment drives the development of the Intrusion Detection System Market.

Global Intrusion Detection System - By Type:

• Network-based

• Wireless-based

• Network behavior analysis

• Host-based

Wireless-based networks are expected to dominate marketing due to increasing demand for this type of IDS in various industries.

Global Intrusion Detection System - By Deployment Mode:

• Cloud

• On-Premises

Cloud-based intrusion detection systems will hold the largest market share in the projected period due to the open and distributed nature of the cloud environment, which is more vulnerable to various attacks.  Cloud Intrusion Detection System helps detect exploit attempts and evasive techniques in the network and application networks and discover command and control attacks, lateral movement, and malware. It can be deployed in just a few clicks and easily managed with UI, CLI, or APIs. It does not require any architecture for high performance and availability.

Global Intrusion Detection System - By Organization Size:

• SMEs

• Large Enterprises

Based on Organization Size, the Global Intrusion Detection System Market is segmented into SMEs and Large Enterprises. Large enterprises will dominate the market in the forecast period because of significant data traffic and are more prone to cyber-attacks. Thus, the demand for Intrusion detection systems for large enterprises will increase in the coming years.

Global Intrusion Detection System - By End Users:

• Banking, Financial Services and Insurance (BFSI)

• Government and Defense

• Healthcare

• Information Technology (IT) and Telecom

• Retail and e-commerce

• Manufacturing

• Others

The retail and e-commerce segment will boost the Intrusion Detection System in the forecast period due to growing e-commerce activities and digital transactions, which demand IDS solutions for secure transactions over networks.

Global Intrusion Detection System Market – By Region:

• North America

  • The United States

  • Canada

  • Rest of North America

• Europe

  • The United Kingdom

  • Spain

  • Germany

  • Italy

  • France

  • Rest of Europe

• The Asia Pacific

  • India

  • Japan

  • China

  • Australia

  • Singapore

  • Malaysia

  • South Korea

  • New Zealand

  • Southeast Asia

• Latin America

  • Brazil

  • Argentina

  • Mexico

  • Rest of LATAM

• The Middle East and Africa

  • Saudi Arabia

  • UAE

  • Lebanon

  • Jordan

  • Cyprus

North America is expected to have the largest market share during the forecast period due to sustainable and well-established economies in this region. These economies empower the region to invest heavily in Research and Development activities to develop new technologies in Intrusion Detection systems. Additionally, the presence of most of the key players in this region is estimated to be a significant factor in propelling the growth of this market. Asia-Pacific is expected to witness significant growth in the Intrusion Detection System Market due to the increasing adoption of IDS solutions in enterprises across various verticals. Moreover, enterprises are also looking for new enhanced technology to combat the harmful viruses driving the IDS market's growth. The increasing adoption of the internet in smart devices is fueling the demand for Intrusion detection systems in order to avoid cyberattacks. Also, the increasing retail and e-commerce activity in this region is driving the growth of the IDS market in the forecast period. Europe is estimated to account for a healthy growth rate in this market due to the rise in criminal theft and terror attacks in this region.

KEY MARKET PARTICIPANTS:

The major companies operating in the global intrusion detection system market include Cisco Systems (US), IBM (US), McAfee (US), Trend Micro (Japan), Palo Alto Networks (US), AT&T Inc. (US), Darktrace (US and UK), FireEye (US), and AlertLogic (US)

RECENT HAPPENINGS IN THE MARKET:

• In November 2021, McAfee, a global leader in online protection, announced that the company has entered into a conclusive agreement to be acquired by an investor group comprised of Advent, Permira, Crosspoint Capital, CPP Investments, GIC, and ADIA. Once the transaction is completed, the investor group will take ownership of McAfee.

• In October 2020, McAfee, a cybersecurity firm, launched a new bundle for the education sector. The new products named “McAfee Secure School Suites” and McAfee MVISION Mobile Advanced are meant mainly for McAfee education customers to ensure all devices are protected from threats.