ID: MRFR/ICT/1024-HCR | August 2022 | Region: Global | 102 pages
Impact of COVID-19 on the Global Intrusion Detection System Market
Intrusion detection systems are software applications or devices that monitor a network system for policy violations or malicious activities. The increase in criminal activity and external unethical practices are the major factors driving the growth of the market. Besides, the rising trend of automating office and home security systems is also fueling the demand for intrusion detection systems. These systems are widely adopted by IT companies owing to increasing security threats. Due to the COVID-19 pandemic, governments have imposed lockdowns, and most companies have allowed their employees to work remotely from their homes. Data protection is a critical concern for the companies, owing to the increase in various coronavirus-related cyberattacks. Hackers try to gain access to valuable information by breaching the security layers and manipulating the safeguards of cloud environments, which has increased the concerns regarding the protection of the companies’ confidential information. Various enterprises are adopting IDS software to protect confidential information from malicious behavior.
During the COVID-19 pandemic, cyber-crime is on the rise, driving the demand for the intrusion detection systems. The increase in the vulnerability to fake websites and phishing emails has increased rapidly during the pandemic. Cybercriminals have sent malicious emails, due to which, the victims have ended up downloading malware. This vulnerability to cyberattacks, in turn, has driven the demand for intrusion detection systems globally. Besides, the increasing adoption of tablets and smartphones has resulted in increased mobility, which is also expected to drive the growth of the market. The integration of intrusion detection systems with authentication systems based on biometrics technology, including fingerprint, face recognition, DNA and retina authentication, palm veins, and iris recognition, provides high security, which contributes to the market growth.
The developments in artificial intelligence (AI) technology have led to advanced threat monitoring systems providing proactive threat detection, which is boosting the demand for intrusion detection systems. According to the MRF analysis, North America is expected to hold a considerable market share owing to the high awareness regarding security in the region. Companies are investing heavily in the R&D of intrusion detection systems and using mergers & acquisitions and partnerships as part of their growth strategy.