December 12, 2019 by dheeraj Pawar
According to a research report "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", published by MarketsandMarkets, the global Intrusion Detection and Prevention Systems (IDPS) market size is projected to grow from USD 4.7 billion in 2019 to USD 7.1 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 8.3% from 2019 to 2024. The major growth drivers for the market include the increasing number of security breaches and cyberattacks.
Browse and in-depth TOC on “Intrusion Detection and Prevention Systems Market”
133 - Tables
28 - Figures
175 - Pages
Key market players profiled in the Intrusion Detection and Prevention Systems Market report include Cisco Systems (US), IBM (US), McAfee (US), Trend Micro (Japan), Palo Alto Networks (US), AT&T (US), Darktrace (US and UK), FireEye (US), AlertLogic (US), Fortinet (US). These players offer IDPS solutions to cater to the demands and needs of the market. Major growth strategies adopted by these players include partnerships, collaborations and agreements, and new product launches/product enhancements.
Download PDF Brochure @https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=199381457
By organization size, the large enterprise segment to lead the market in 2019
Large enterprises are organizations that have more than 1,000 employees. These organizations invest heavily in advanced technologies for increasing overall productivity and efficiency. To reduce CAPEX and OPEX of infrastructure, large enterprises are widely opting cloud IDPS solutions. Large enterprises are expected to invest significantly in implementing advanced cloud IDPS solutions that are capable of anomaly-based detection to provide optimum security to their enterprises’ intense competitive environment.
Large enterprises have adopted cloud security solutions, as they use a large number of cloud and Internet of Things (IoT)-based applications susceptible to cyberattacks. Moreover, as they face threats from targeted attacks to disrupt their Information Technology (IT) services, these organizations adopt cloud IDPS solutions to provide effective security.
North America is expected to hold the largest market size during the forecast period.
North American has sustainable and well-established economies, which empower it to invest significantly in Research and Development (R&D) activities, thereby contributing to the development of new technologies in the IDPS market. The presence of the majority of key players is expected to be the major factor driving the growth of the market in this region. Key players, such as Cisco Systems, Palo Alto Networks, FireEye, and Fortinet, along with several start-ups in the region offer IDPS solutions and services.
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their pain points around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledge Store" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Mr. Shelly Singh
630 Dundee Road
Northbrook, IL 60062
Visit Our Website: https://www.marketsandmarkets.com