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Intrusion Detection & Prevention Systems (IDPS) Market Projections, Worldwide, 2019-2024 - Growing Market for Cloud-based Businesses, Rapid Growth in BYOD & CYOD TrendsDUBLIN, Jan. 10, 2020 /PRNewswire/ -- The "Intrusion Detection and Prevention Systems Market by Component (Solutions and Services), Type, Deployment Type (Cloud and On-Premises), Organization Size (SMEs and Large Enterprises), Vertical, and Region - Global Forecast to 2024" report has been added to ResearchAndMarkets.com's offering.  The global IDPS market size is expected to grow from USD 4,735 million in 2019 to USD 7,055 million by 2024, at a Compound Annual Growth Rate (CAGR) of 8.3% from 2019 to 2024. This growth in the market can be attributed to the increasing number of intrusions and changing cyber landscape, and growing need for compliance with various upcoming regulations. Key Highlights
The demand for IDPS solutions is increasing, owing to the rising intrusion in enterprisessolutions. Enterprises are aggressively protecting their perimeter by deploying more and more security products. The IT budget for Small and Medium-sized Enterprises (SMEs) and large enterprises has also grown several folds; as a result, these enterprises are now investing in advanced solutions, such as IDPS. There is also an increase in regulations and compliances, which are being enforced on companies by respective governments and failing them would result in high penalties. These factors have contributed significantly to the growth of the IDPS market. The major players in the global IDPS market include Cisco Systems, Inc. (Cisco), International Business Machines (IBM) Corporation, McAfee, LLC (McAfee), Trend Micro Inc. (Trend Micro), Palo Alto Networks, Inc. (Palo Alto), AT&T Cybersecurity (Alien Vault), Darktrace (Darktrace), FireEye, Inc. (FireEye), Alert Logic, Inc. (Alert Logic), Fortinet, Inc. (Fortinet), WatchGuard Technologies, Inc. (WatchGuard), Vectra AI, Inc. (Vectra), NSFOCUS (NSFOCUS), Armor Defense Inc. (Armor), BluVector, Inc. (BluVector), ExtraHop Networks (ExtraHop), Hillstone Networks (Hillstone Networks), Secureworks Inc. (Secureworks), Huawei Technologies Co. (Huawei), and Bricata, Inc. (Bricata). Research Coverage Key Topics Covered 5 Market Overview and Industry Trends 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Number of Security Breaches and Cyberattacks 5.2.1.2 Growing Need to Follow Data Protection Laws and Regulations 5.2.2 Restraints 5.2.2.1 Availability of Open Source and Substitute Solutions 5.2.2.2 Limited Security Budget Among SMES 5.2.3 Opportunities 5.2.3.1 Growing Market for Cloud-Based Businesses 5.2.3.2 Rapid Growth in Byod and Cyod Trends 5.2.4 Challenges 5.2.4.1 Lack of Skilled Security Professionals 5.3 Regulatory Implications 5.3.1 General Data Protection Regulation 5.3.2 Payment Card Industry Data Security Standard 5.3.3 Health Insurance Portability and Accountability Act 5.3.4 Federal Information Security Management Act 5.3.5 Gramm-Leach-Bliley Act 5.3.6 Sarbanes-Oxley Act 5.3.7 The International Organization for Standardization 27001 6 Intrusion Detection and Prevention Systems Market By Component 6.1 Introduction 6.2 Solutions 6.2.1 Hardware 6.2.1.1 Provision of Sandbox Execution to Help Organizations Stay Ahead of Zero-Day Threats 6.2.2 Software 6.2.2.1 Higher Efficiency, Availability and Low Cost to Drive Organizations to Deploy Software-Based IDPS 6.3 Services 6.3.1 Planning and Integration 6.3.1.1 Planning and Integration to Help Organizations in Drill Downing to Their Set of Requirements 6.3.2 Support and Maintenance 6.3.2.1 Support Services to Provide Additional Training and Awareness Required for IDPS Deployment 7 IDPS Market, By Type 7.1 Introduction 7.2 Network-Based 7.2.1 Helps in Monitoring Network Traffic for Particular Segments 7.3 Wireless-Based 7.3.1 Increased Usage of Personal Devices at Work to Push Organizations for Adopting This Technology 7.4 Network Behavior Analysis 7.4.1 Effectiveness in Identifying Dos Attack and at Reconstructing Major Malware Infections 7.5 Host-Based 7.5.1 Small Scale Businesses to use Host-Based IDPS for Its Efficiency 8 Market By Deployment Type 8.1 Introduction 8.2 Cloud 8.2.1 Subscription-Based Cloud Model to Boost the Overall Market Growth 8.3 On-Premises 8.3.1 On-Premises Deployment to Increase the Security and Privacy of Business Data 9 Intrusion Detection and Prevention Systems Market By Organization Size 9.1 Introduction 9.2 Small and Medium-Sized Enterprises 9.2.1 Rising Security Issues to Drive Adoption of IDPS Solution Among Small and Medium-Sized Enterprises 9.3 Large Enterprises 9.3.1 Increasing Cyberattacks and Hefty Fines for Regulatory Non-Compliance to Boost Adoption of IDPS Solutions Among Large Enterprises 10 IDPS Market, By Vertical 10.1 Introduction 10.2 Banking, Financial Services, and Insurance 10.2.1 Rising Adoption of Smart Banking and Already Existing Regulations to Drive Adoption of IDPS in Banking, Financial Services, and Insurance Organizations 10.3 Government and Defense 10.3.1 Increasing Need to Protect Sensitive Data of Citizens and Organizations Drives Adoption of IDPS in the Government and Defense Vertical 10.4 Healthcare 10.4.1 Need to Protect Patient Data and Payment Information to Drive Market Growth in Healthcare Vertical 10.5 IT and Telecom 10.5.1 Increased Attacks on Critical Infrastructure to Drive Market Growth in IT and Telecom Vertical 10.6 Retail and Ecommerce 10.6.1 Increasing Need to Manage Third-Party Relations to Fuel the Demand for IDPS in Retail and Ecommerce Vertical 10.7 Manufacturing 10.7.1 Growing Need for Effective Cyber Threats to Drive Adoption of IDPS in Manufacturing Vertical 10.8 Others 11 Intrusion Detection and Prevention Systems Market By Region 11.1 Introduction 11.2 North America 11.2.1 United States 11.2.1.1 Rapid Growth in Technological Innovations and Stringent Regulations to Drive Market Growth in the US 11.2.2 Canada 11.2.2.1 Government Initiatives Against Cyberattacks to Set the Market Growth of IDPS in Canada 11.3 Europe 11.3.1 United Kingdom 11.3.1.1 Increased Ddos Attacks on Enterprises to Boost the IDPS Market in the UK 91 11.3.2 Germany 11.3.2.1 Increased Government Spending Owing to Several Cyberattacks to Boost the IDPS Market in Germany 11.3.3 France 11.3.3.1 Increased Government Spending on Security to Boost the IDPS Market in France 11.3.4 Rest of Europe 11.4 Asia Pacific 11.4.1 China 11.4.1.1 Increased Cyberattacks to Boost the IDPS Market in China 11.4.2 Japan 11.4.2.1 Increased Government Spending on Cyberattacks to Boost the IDPS Market in Japan 11.4.3 Australia and New Zealand 11.4.3.1 Increased Government Initiatives and Spending to Boost the IDPS Market 11.4.4 Rest of APAC 11.5 Middle East and Africa 11.5.1 United Arab Emirates 11.5.1.1 Increased Government Initiatives and Cyberattacks in the Nation to Boost the Growth of IDPS Market 11.5.2 Kingdom of Saudi Arabia 11.5.2.1 Increased Cyberattacks in the Nation to Boost the Growth of IDPS Market in Ksa 11.5.3 South Africa 11.5.3.1 Government Initiatives to Bring Awareness About Cyberattacks to Boost the Growth of IDPS Market 11.5.4 Rest of Middle East and Africa 11.6 Latin America 11.6.1 Mexico 11.6.1.1 Government Initiatives to Bring Awareness About Cyberattacks to Boost the Growth of IDPS Market 11.6.2 Brazil 11.6.2.1 Increased Sophisticated Cyberattacks to Boost the Growth of IDPS Market in Brazil 11.6.3 Rest of Latin America 12 Competitive Landscape 12.1 Overview 12.2 Competitive Leadership Mapping 12.2.1 Visionary Leaders 12.2.2 Innovators 12.2.3 Dynamic Differentiators 12.2.4 Emerging Companies 12.3 Competitive Scenario 12.3.1 New Product Launches and Product Enhancements 12.3.2 Partnerships and Collaborations 12.3.3 Mergers and Acquisitions 13 Company Profiles 13.1 Introduction 13.2 Cisco Systems 13.3 IBM 13.4 McAfee 13.5 Trend Micro 13.6 Palo Alto Networks 13.7 AT&T Cybersecurity 13.8 DarKTrace 13.9 Fireeye 13.10 Alert Logic 13.11 Fortinet 13.12 WatchGuard 13.13 Vectra 13.14 NSFOCUS 13.15 Armor Defense 13.16 Bluvector 13.17 Extrahop Networks 13.18 Hilstone Networks 13.19 Secureworks 13.20 Huawei 13.21 Bricata 13.22 Right to Win For more 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