The Intrusion Detection System market is expected to double in value by 2032.

From GlobeNewswire: 2024-12-21 09:00:00

The Intrusion Detection System (IDS) Market was valued at USD 5.71 billion in 2023, expected to reach USD 11.43 billion by 2032, with a CAGR of 8.0%. Growing cyber threats are fueling demand for IDS in industries like healthcare, banking, and IT to protect networks and sensitive data from advanced attacks.

Cloud security is crucial as 85% of enterprises will operate on hybrid cloud infrastructures by 2025. Advanced IDS systems are necessary to monitor and mitigate risks in decentralized cloud environments. Organizations are prioritizing these systems to identify unauthorized activities and protect against security threats.

Integrating Artificial Intelligence and Machine Learning into IDS technology has revolutionized cybersecurity. AI-driven solutions can process vast data, detect anomalies, and respond to security breaches faster, reducing false positives and providing real-time insights. Research shows AI-based IDS can reduce detection times by up to 60% compared to traditional methods.

The solution segment dominates the IDS market, driven by the rising demand for automated threat detection in real time. Network-based and host-based IDS solutions are essential for defending sensitive information against cyber intrusions. AI and machine learning enhance the efficiency of these solutions, accelerating market growth.

The services segment is expected to grow at the fastest CAGR, fueled by increasing demand for installation, integration, and support through managed services. With the sophistication of cyber threats, businesses require constant monitoring and updates, leading to a surge in demand for IDS services.

North America led the IDS market in 2023, driven by the widespread adoption of next-generation cybersecurity technologies and the presence of significant IDS solution providers. The region’s growth is attributed to U.S. data protection regulations and the rising incidence of cyberattacks across industries like finance, healthcare, and IT.

The Asia-Pacific region is poised for rapid growth in the IDS market, fueled by digital transformation in countries like China, India, and Japan. The surge in demand for robust IDS solutions is driven by the need to secure networks and data amidst escalating cyber threats. Investment in cybersecurity infrastructure, cyber exhibitions, and data breaches drive market growth. Cloud and hybrid environments expand while government initiatives boost IDS adoption. Cisco unveils AI-powered intrusion detection platform in March 2024. Palo Alto Networks launches updated IDS system with enhanced deep packet inspection in April 2024. Purchase Enterprise-User PDF for more insights.



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