Intrusion Prevention System Market Size, Share, Emerging Trends, Analysis and Forecasts 2022

Hacking attempts and complexity of the cyber threats are playing the main role in determining the prospect of this market. Although there are a lot of other choices for network security, IDP (intrusion prevention system) has turned out to be of main importance for the IT enterprises. In IT companies, there has been an enormous augmentation in the acceptance of network security products as the IT security expenditure has gone up. Companies are splurging a significant dedicated part of security funds on the intrusion detection and prevention system solutions. The main forces driving intrusion prevention system industry are the complexity of cyber threats, augmented government pressure on security regulations and compliance, and amplified expenditure on IT security services and solution. The main opportunities which are accepted to advance this industry are growing customer market for intrusion prevention system and amplified virtualization resembling the intrusion detection and prevention system application market. The worldwide intrusion prevention system market is expected to witness vigorous expansion, largely owing to growing government and BFSI expenditure on complicated security technologies in reaction to hacking activities and growing cyber crimes around the world. A systematic increase in IT security expenditure around varied industry verticals is being witnessed worldwide, owing to rush in sophistication and frequency of cyber-attacks such as APT (Advanced Persistent Threats) and Dedicated Denial of Service Attacks (DDoS). One of the other market drivers is increasing mature security market which demands1 layered architecture.

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This market can be segmented into host wireless intrusion prevention system; Protocol based intrusion prevention system, application-based intrusion prevention system, host-based intrusion prevention system and network-based intrusion prevention system on the basis of type. Host-based intrusion prevention system is expected to gain more momentum over the forecast period owing to its increasing demand. On the basis of detection and prevention mechanism, this market can be segmented into policy based, behavior based and signature based. On the basis of the geographical region, this market can be segregated into North America, Asia Pacific, Europe and Rest of the World. North America is expected to capture maximum share over the forecast period owing to increasing demand of host based intrusion prevention system in many parts such as the USA, over the forecast period. Europe comes second after the North America in terms of revenue generation over the forecast period. Germany and Norway are expected to play the important role in the growth of Europe. Asia Pacific is expected to grow at a very faster rate over the forecast period owing to increasing expenditure of security compliance in all the budding economies of Asia Pacific. India and China are expected to play the big role in the growth of Asia Pacific over the forecast period. Moreover, the global Intrusion prevention System industry has also been segmented on the basis of end-industry verticals. Which are BFSI, defense & intelligence, IT & Telecommunication, Government & public utilities, Life sciences; Transportation, Healthcare, Retail, and aerospace. IT & telecommunication dominated the market over last few years and is expected to capture maximum revenue over the forecast period. All the other segments are expected to grow rapidly as the number of cyber threats are increasing in all the industry verticals.

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