As cyber threats become more sophisticated, the need for proactive security measures intensifies. The Intrusion Detection System (IDS) Market addresses this need by providing solutions that detect and respond to suspicious activities within a network. By analyzing network traffic and behavior, IDS helps organizations identify potential security breaches and take prompt action to mitigate risks.
Competitive Landscape of Intrusion Detection System Market (IDS):
The Intrusion Detection System (IDS) market is a dynamic arena safeguarding organizations from cyber threats. This burgeoning space witnesses intense competition as established players grapple with innovative newcomers, all vying for a slice of the pie. This analysis delves into the current landscape, key players, strategies, and trends shaping the market's trajectory.
Key Players:
Strategies Adopted:
Factors for Market Share Analysis:
New & Emerging Companies:
Current Investment Trends:
Latest Company Updates:
December 12, 2023, Palo Alto Networks acquired Evident.io, a cloud-based security posture management platform, in December 2023. This move strengthens Palo Alto's cloud security offerings and enhances its IDS capabilities.
December 14, 2023, Rapid7 launched the latest version of its InsightIDR platform in December 2023, featuring enhanced threat detection and incident response capabilities.
January 3, 2024, McAfee released its new endpoint detection and response solution, MVISION ePO EDR, in January 2024. This solution integrates with McAfee's IDS offerings for comprehensive endpoint security.Â
Intrusion Detection System Market Size was valued at USD 5.5 Billion in 2022. The Intrusion Detection System market industry is projected to grow from USD 5.8 Billion in 2023 to USD 9.3 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.11% during the forecast period (2023 - 2032). Increased cyber-attacks, including utilizing the web procedures, organization, information and other IT foundation, are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Market CAGR for intrusion detection systems is driven by the rising number of cyber-attacks. The worldwide intrusion detection system market is anticipated to be primarily driven by rising criminal assaults and internal and external unethical practices. The market for the detection system may increase due to the growing trend of automating home and workplace security systems. Increased mobility as a result of automating home and workplace security systems. Increased mobility due to the spread of smartphones and tablets is expected to propel industry growth. Rising disposable income is also projected to have a significant role in fuelling demand in both developed and emerging nations. The growing number of malware threats brings the potential to interrupt the system's functioning, leading to the organization's collapse. The malicious attacks continue to persist as an important task for the smooth functioning of several organizations.
Additionally, As Bring your device (BYOD)-related technology develops, industries are mobilizing their employees. Businesses are signing up for safety facilities to shield devices like smartphones, desktop computers, tablets, and laptops from cyber-attacks due to the adoption of the BYOD model. Industries now require safeguarding devices that have remote access to the business network and those that are confidential due to the rising use of BYOD. The intrusion detection system market is anticipated to grow due to this feature, significantly growing the use of intrusion detection system solutions.
The increasing requirement for integrity and safety of intimate information in several financial organizations is anticipated to intensify the acceptance of intrusion detection and protection systems, which can support to block of apprehensive and malicious links and attacks on financial institutions. As a result, it is projected that demand for intrusion detection systems will increase throughout the projection period due to the rising cyber-attacks. Thus, driving the Intrusion Detection System market revenue.
The intrusion detection system market segmentation, based on components, includes solutions and services. The solution segment dominated the market, accounting for the maximum market revenue. Cyber security firms provide intrusion detection systems as a solution or service. Recent, sophisticated cyber-attacks pose an insistent threat to industries. Advanced threats and malware are popular in breaking enterprise networks, even though industries employ various security technologies, each with a precise function for protecting the enterprise from illegal traffic entering the network.
The service segment is anticipated to be the fastest-growing segment in the projected period. The intrusion detection system market comprises hardware, software, and services. These software and hardware components can be installed on the network, offering intrusion detection and anticipation capabilities. Safety retailers present this technology as a self-governing solution or a tool that incorporates the present safety infrastructure of enterprises. The safety retailers further offer related services and solutions that support organizations in implementing these solutions.
Based on deployment, the intrusion detection system segmentation includes cloud-based and infrastructure-based. The cloud-based segment dominated the market due to the lower cost and characteristics such as scalability, cost-efficiency, speed and agility.
Figure 1: Intrusion Detection System Market, by Deployment, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Intrusion Detection System End-User Insights
The intrusion detection system market segmentation, based on end-user, includes BFSI, IT & Communication, Aerospace & Defense, Software industry, and Manufacturing. The BFSI category generated the most income due to the rising malicious attacks through several networks. Additionally, there is an increase in the need for the protection and integrity of isolated information in several financial companies.
By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Intrusion Detection System market will dominate this market, owing to an increase in cyber-attacks. In addition, the growing number of established economies authorizing investment in research and development activities will boost market growth in this region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: INTRUSION DETECTION SYSTEM MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe's Intrusion Detection System market accounts for the second-largest market share due to the rising malicious attacks and the development of new technologies. Further, the German Intrusion Detection System market held the largest market share, and the UK Intrusion Detection System market was the fastest-growing market in the European region.
The Asia-Pacific Intrusion Detection System Market is anticipated to grow at the fastest CAGR from 2023 to 2032 due to the expansion and approval of methodologies like artificial intelligence, big data analytics, the Internet of things, machine learning etc. Moreover, China’s Intrusion Detection System market held the largest market share, and the Indian Intrusion Detection System market was the fastest-growing market in the Asia-Pacific region.
Leading market players are investing greatly in research and development to increase their product lines, which will help the Intrusion Detection System market, grow even more. Market participants are also undertaking various strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, the Intrusion Detection System industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics manufacturer’s use in the Intrusion Detection System industry to benefit clients and increase the market sector. In recent years, the Intrusion Detection System industry has offered some of the most significant advantages to intrusion detection systems. Major players in the Intrusion Detection System market, including Cisco Systems (US), IBM (US), McAfee (US), Trend Micro (Japan), Palo Alto Networks (US), AT&T (US), Darktrace (US and UK), FireEye (US), Vihaan Networks Ltd. (VNL), AlertLogic (US), Fortinet (US), and others, are attempting to increase market demand by investing in research and development operations.
Vihaan Networks Limited (VNL) is a leading invention in end-to-end development, design, producer of mobile & wireless telecommunications systems, smart ISR, perimeter intrusion detection solutions, and tactical communication in India for mission-critical infrastructures and critical agencies. VNL is a part of Shyam, which majors in telecom equipment design and manufacture. VNL originated in 2004, started as a telecommunication enabler that indigenously develops end-to-end telecom infrastructure products and solutions, and became the first India Company to recognize the potential of research and development of telecom technology that led to an amazing simplification of telecom tech for rural ICT expansion. For Instance: In March 2022, VNL announced the launch of their Border Intrusion Detection System.
McAfee® is a leading security provider that works to make everyone’s experience online secure and pleasurable. In addition, a well-regarded antivirus software, which keeps people secure across various activities, devices, and places, offers complete protection to protect people’s privacy and identity. Our protection liberates and enables its clients to confidently live their lives online. By making it easier to stay secure online, however, and wherever they connect, McAfee protects billion of people across the world and liberates them to enjoy more. Our cutting-edge technology empowers users to take control of their personal information, easily manage hazards, and make wiser decisions. No matter their age, hobbies, or level of technological knowledge, McAfee is made to adapt to the specific needs of every family member, keeping them secure and offering easy ways to improve their online safety. For instance: in October 2019, McAfee announced the McAfee MVISION Insights, which would aid trades in answering quickly and efficiently to cyber-attacks by bringing useful information and recognizing risks. The product would make it probable to monitor the attack throughout an organization’s networks, endpoints, and cloud infrastructure.
Cisco Systems (US)
IBM (US)
McAfee (US)
Trend Micro (Japan)
AT & T (US)
Darktrace (US and UK)
FireEye (US)
Vihaan Networks Limited (VNL)
AlertLogic (US)
Fortinet (US)
March 2019: Expanse Inc., a leader in the management of external attacks, has been acquired by Palo Alto Networks, according to a statement. Ongoing asset scanning aims to provide protection at a single level of clarity.
2019: Trend Micro acquired Cloud Conformity which delivers cloud security posture management according to industry standards, to expand its cloud services offering.
February 2019: Cisco Systems and Telenor extended join hands to enlarge their innovation in cyber security, digital workplace, and cloud and to increase Open Virtualized RAN (vRAN) solutions for 5G technology.
Solution
Services
Cloud-Based
Infrastructure-Based
BFSI
IT & Communication
Aerospace & Defense
Software Industry
Manufacturing
US
Canada
Germany
France
UK
Italy
Spain
Rest of Europe
China
Japan
India
Australia
South Korea
Australia
Rest of Asia-Pacific
Middle East
Africa
Latin America
Intrusion Detection System Market Highlights:
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