Cloud Based IDS/IPS Market is expected to grow at a CAGR of 6.64%
According to TechSci Research
report, “Cloud Based IDS/IPS
Market - Global Industry Size, Share, Trends, Opportunity, and Forecast
2019-2029”, the Global Cloud Based IDS/IPS Market is expected to
register robust growth during the forecast period. The persistent rise in
cyber threats and attacks has led organizations to invest more in advanced
security solutions like cloud-based IDS/IPS to detect and prevent unauthorized
access, data breaches, and other cyber threats. The growing adoption of cloud
services by organizations worldwide has driven the demand for security
solutions that are specifically designed for cloud environments. Cloud-based
IDS/IPS provides scalable and flexible security measures suitable for dynamic
cloud infrastructures. Stringent regulatory requirements and
data protection laws have mandated organizations to implement robust security
measures. Cloud-based IDS/IPS solutions help businesses meet compliance
standards and protect sensitive data. Cloud-based IDS/IPS systems
often leverage collaborative threat intelligence, allowing organizations to
benefit from a collective knowledge base that helps in identifying and
mitigating emerging threats. Integration capabilities with other
security solutions and platforms provide a holistic approach to cybersecurity.
Cloud-based IDS/IPS solutions often integrate with SIEM (Security Information
and Event Management) systems and other security tools.
Cloud-based
security solutions offer cost-effective alternatives to traditional on-premises
infrastructure. Organizations can scale their security resources based on
demand, making it a more cost-efficient option. The growing adoption of cloud
services by organizations worldwide has driven the demand for security
solutions that are specifically designed for cloud environments. Cloud-based
IDS/IPS provides scalable and flexible security measures suitable for dynamic
cloud infrastructures.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global CloudBased IDS/IPS Market.”
The country section of the
cloud intrusion detection system (IDS) intrusion prevention system (IPS) market
report also provides individual market impacting factors and changes in
regulation in the market domestically that impacts the current and future trends
of the market. Data points such as consumption volumes, production sites and
volumes, import export analysis, price trend analysis, cost of raw materials,
down-stream and upstream value chain analysis are some of the major pointers
used to forecast the market scenario for individual countries. Also, presence
and availability of global brands and their challenges faced due to large or
scarce competition from local and domestic brands, impact of domestic tariffs
and trade routes are considered while providing forecast analysis of the
country data.
Key market players in the
Global Cloud Based IDS/IPS Market are: -
- Check Point
Software Technologies
- Trend Micro Inc.
- NTT
Communications
- Lumen
Technologies
- Cisco Systems,
Inc.
- Fortinet Fedral
Inc.
- Intel Corporation
- Hillstone
Networks
- Imperva, Inc.
- Metaflows, Inc.
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“Cloud Intrusion Detection
System / Intrusion Prevention System are methodology used to escalate the
security level of networks, by reviewing and scanning packets for suspicious
data and monitoring traffic. The Companies are adopting cloud IDS / IPS devices
to monitor their system and user activities, analyse system vulnerabilities and
configurations, and assess file and system track and integrity user policy
violations.
These companies are spending
in R&D to enhance the efficacy of these systems for transforming their
businesses and mitigating cyber threats. Many financial institutions,
government agencies, healthcare and IT & telecom are the major industries
spending in the cloud IDS / IPS applications with the cybersecurity expenditure
estimated to exceed USD 1 trillion during 2022-2029. Systems for detecting and
preventing intrusions have been suggested as an effective way to safeguard the
BFSI industry from cyberattacks and intrusions. In recent years, there has been
a significant rise in the amount of malicious applications that target online
banking transactions. A hacking attack on the Malta-based Bank of Valletta plc
in 2020 forced the company to shut down all of its IT systems and led to the
theft of USD 15.7 million from its reserves. Financial
institutions intend to invest a lot in cyber security systems due to the rising
frequency of electronic scams that target banks and harm their reputation.
Financial institutions are under intense pressure to increase security,
according to international cyber security company Kaspersky.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based global
management consulting firm.
“Cloud Based IDS/IPS Market - Global Industry Size, Share,
Trends, Opportunity, and Forecast Segmented By
Solution Type (Signature-based Detection, Anomaly-based Detection, and Others), By Service (Training and
Consulting, Integration, and Support and Maintenance), By Deployment Model
(Public Cloud, Private Cloud, and Hybrid Cloud), By Organization Size (Small
and Medium-sized Enterprises, and Large Enterprises) By Region, and By
Competition 2019-2029”
has evaluated the future growth potential of Global Cloud Based IDS/IPS Market
and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in Global Cloud Based IDS/IPS Market.
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