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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