As per the market outlook foreseen by the IndustryARC business intelligence report titled “Intrusion Detection System/Intrusion Prevention System (IDS/IPS) Market - Industry Analysis, Market Size, Share, Trends, Application, Analysis, Growth and Forecast 2019 – 2024,” the market is forecast to be stroked with surplus demand by ongoing increasing sale of computers and electronic devices and growing awareness among consumers regarding cyber security and valuable data.
In fiscal 2018, Microsoft alone delivered $110.4 billion in revenue and $35.1 billion in operating income along with commercial cloud business exceeding $23billion. As the number of watchdogs will be determined by the number of houses, IDS/IPS market is directly proportional to the sales of computers, software and consumers electronics operating through internet and connectivity.
Intrusion Detection System/Intrusion Prevention System (IDS/IPS) are integral and active components of network security of an information system. It can monitor, detect, prevent, stop and report any malicious traffic before it makes to the rest of computer networks.
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Global IDS/IPS Market- Disruptive Trends:
- With the advent of information systems the entire business module has transformed. Assessments are created, collected, filtered, processed and delivered with the help of computers. Old institutions are rapidly dwelling and startups are initially digital. As per the 2018 statistics from Forbes, 55% of startups have already employed digital business stratagems and can increase their revenue by 34% by such implementations. As per Government e-Commerce (GEM) report, more than 100 million startups are launched every year. Owing to this stride of robust consumption of computers, the IDS/IPS market is poised to divert a substantial chunk of revenue to its own domain.
- As per the United Nations report, at least 2.3 billion people in 2011, the equivalent of more than one third of the world’s total population, had access to the internet. The year 2017 witnessed mobile broadband subscriptions approaching 70 per cent of the world’s total population and the estimation for 2020 is that the number of networked devices (the ‘internet of things’) will outnumber people by six to one. Such heavy usage of the internet outspreads cybercrime rates, eventually confidentiality and integrity of computer systems are at stake. With the advent and robust application of biometrics, e-banking, and e-commerce personal and valuable data has taken the shape of digital form. Hence, ongoing sophistication of the virtual terrorizations and hacking attempts are vital and effective drivers shaping the future of Intrusion Detection and Prevention Systems security market.
- Wall Street Journal stated in 2016 that the size of digital economy was $11.5 trillion, globally which accounted for 15.5% of global GDP. With such an enormous chunk of economy floating online, governments and organizations has enforced business entities to comply with certain norms of digital financial security. According to the United Nations, the scenario of cybercrime legislation worldwide is 72% countries with legislation, 9% countries with draft legislation, an alarming 18% countries with no legislation. Countries being enforced to comply with legislations are as consequence enforcing their business entities to install effective cyber security components such as IDS and IPS.
The phenomenon of internet and information systems and the parameter of its infusion and effects on human affairs are unprecedented. More than 70% of global population is under connectivity of the internet and computers, such direct reliance has empowered it with scopes for monetary fraud, unlawful detention of private data and other form of breaches. Thus the employment of IDS/IPS is quite inevitable in this network connected era.
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