Intrusion Detection System Market

Introduction of the Intrusion Detection System Market Report

An intrusion detection system is a device or software, which can be deployed to track any intruder attempting to breach the network or system. This technology includes monitoring policy violations, malicious activity, unauthorized access to the system, among others. Some intrusion detection systems have the ability to respond to detected intrusion upon discovery.

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Market Dynamic

Key Drivers and Emerging Trends

The major factor propelling the growth of the global intrusion detection system market is the growing number of security breaches and cyberattacks. Rising use of the internet for deliberate and politically influenced attacks on networks, endpoints, data, and other IT infrastructures is leading to data loss, thus increasing the usage of such systems. For instance, according to Microsoft, 200 organizations, which includes political campaigns, political consultants, parties, and advocacy groups were attacked by Strontium, operating from Russia, during the 2020 presidential election in the US. Additionally, increase in the frequency of cyberattacks owing to growing digital transactions worldwide have given rise to the need to installing these systems. These factors are significantly augmenting the growth of the global intrusion detection system market.

Impact of COVID-19 on the Intrusion Detection System Market

During the COVID-19 pandemic, most of the governments and regulatory authorities have mandated both public and private organizations to embrace new practices for working from home and maintaining social distance. This has given rise to digital methods of doing business and it has become the new business continuity plan (BCP) for various organizations. Moreover, organizations are implementing new concepts, such as bring your own device (BYOD), to modernize their work culture. This factor has increased the adoption of intrusion detection systems by various organizations to ensure safety from the threat of cybercrimes.

Restraint in the Intrusion Detection System Market

Large enterprises have suitable budget to set up an efficient and effective information security control environment. Cybersecurity expenses have been a major concern for small & medium-sized organizations. It becomes a challenge to invest huge capital in cybersecurity. This lack of budget might become a restraint in the growth of the global intrusion detection system market.

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Component – Segment Analysis

Based on the component, the solutions segment is anticipated to grow at a faster CAGR over the forecast period. The hardware and software components can be easily installed on the network and offer intrusion detection and prevention capabilities. These technologies are provided by security vendors as an independent solution or tool, which integrates with the existing security infrastructure of enterprises. All these factors are contributing to the growth of the solutions segment in the global intrusion detection system market.

Vertical – Segment Analysis

On the basis of the vertical, the BFSI segment is expected to grow at a higher CAGR over the forecast period. With the increasing malicious attacks through various networks, there is a rise in the need for safety and integrity of confidential information in several financial organizations. For instance, according to the Indian government, a total of 50 cyber-attacks have been reported across 19 financial organizations in 2016. With the help of intrusion detection systems, banking & financial organizations can block malicious and suspicious links and attacks. Implementation of intrusion detection systems allows the banking, financial & insurance sector to better monitor the various access to the networks seal their internal networking systems with safety. These benefits are likely to boost the growth of the BFSI segment in the global intrusion detection system market.

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Region – Segment Analysis

Based on the region, the North America region is projected to grow at a higher CAGR during the forecast period. This is mainly due to the well-established and sustainable economies in this region that are empowered to invest in research & development activities for the development of new technologies in intrusion detection systems. For instance, in 2019, FireEye introduced FireEye Endpoint Security 4.8 and FireEye Network Security 8.3, through which customers can more quickly triage and investigate lateral threats at the first sign of a breach. Furthermore, the presence of leading players in this market, such as McAfee, IBM, Cisco, FireEye, and other companies, play a crucial role in supplementing the growth of the intrusion detection system market in North America. 

Top Market Players

Various notable players operating in the market include Cisco, McAfee, LLC, IBM, Palo Alto Networks, Trend Micro Incorporated, AT&T Cybersecurity, FireEye, Inc., Darktrace, Fortinet, Inc., and Alert Logic, Inc., among others.

Key Developments:

• • In 2020, Palo Alto Networks announced the acquisition of Expanse Inc., a leader in attack surface management. This acquisition is aimed to bring a unique level of visibility to security by the continuous scanning of exposed assets.
  • In 2020, Darktrace partnered with Options, the leading provider of cloud-enabled managed services to the global capital market. This partnership is done to provide data analytics and threat detection capabilities to Options with the deployment of Darktrace’s Enterprise Immune System solution. 

Segments covered in the Report:

The global intrusion detection system market has been segmented on the basis of component, type, deployment type, vertical, and regions. Based on component, the market is segmented into solutions and services. The solutions segment is further segmented into hardware and software. The services segment is further segmented into planning & integration and support & maintenance. Based on type, the market is segmented into network-based, wireless-based, network behavior analysis, and host-based. Based on deployment type, the market is segmented into cloud and on-premises. Based on vertical the market is segmented into BFSI, government & defense, healthcare, IT & telecom, retail & ecommerce, manufacturing, and others. 

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Key questions answered in this research report:

• • At what pace is global intrusion detection system market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in intrusion detection system market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global intrusion detection system market?
  • Which component generated maximum revenues in 2019 and identify the most promising component during the forecast period?
  • What are the various type areas of global intrusion detection system market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Base Year	2019
Market Forecast Period	2020-2027
Market Revenues Currency	USD Million
Base Year & Forecast Units	Revenues (USD Million)
Market Segment	By Component, By Type, By Deployment Type, By Vertical, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Cisco, McAfee, LLC, IBM, Palo Alto Networks, Trend Micro Incorporated, AT&T Cybersecurity, FireEye, Inc., Darktrace, Fortinet, Inc., Alert Logic, Inc., among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Intrusion Detection System Market by Component

• • Solutions
    • Hardware
    • Software
  • Services
    • Planning & Integration
    • Support & Maintenance

Global Intrusion Detection System Market by Type

• • Network-Based
  • Wireless-Based
  • Network Behavior Analysis
  • Host-Based

Global Intrusion Detection Systems Market by Deployment Type

• • Cloud
  • On-Premises

Global Intrusion Detection Systems Market by Vertical

• • BFSI
  • Government & Defense
  • Healthcare
  • IT & Telecom
  • Retail & Ecommerce
  • Manufacturing
  • Others

Global Intrusion Detection Systems Market by Region

• • North America Intrusion Detection System Market (Option 1: As a part of the free 25% customization)
    • North America Market by Component
    • North America Market by Type
    • North America Market by Deployment Type
    • North America Market by Vertical
    • US Market All-Up
    • Canada Market All-Up
  • Europe Intrusion Detection System Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Component
    • Europe Market by Type
    • Europe Market by Deployment Type
    • Europe Market by Vertical
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Intrusion Detection System Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Component
    • Asia-Pacific Market by Type
    • Asia-Pacific Market by Deployment Type
    • Asia-Pacific Market by Vertical
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Intrusion Detection System Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Component
    • RoW Market by Type
    • RoW Market by Deployment Type
    • RoW Market by Vertical
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Intrusion Detection System (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Cisco
  • McAfee, LLC
  • IBM
  • Palo Alto Networks
  • Trend Micro Incorporated
  • AT&T Cybersecurity
  • FireEye, Inc.
  • Darktrace
  • Fortinet, Inc.
  • Alert Logic, Inc.