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Cloud IDS IPS Market Growing at CAGR of 24.04% | Key Players Trend Micro, Cisco Systems, Intel, Fortinet, Imperva

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Cloud IDS IPS Market Growing at CAGR of 24.04% | Key Players Trend Micro, Cisco Systems, Intel, Fortinet, Imperva

January 23
10:05 2020
Cloud IDS IPS Market Growing at CAGR of 24.04% | Key Players Trend Micro, Cisco Systems, Intel, Fortinet, Imperva

Check Point (Israel), NTT Communications (Japan), Trend Micro (Japan), Century Link (US), Cisco (US), Intel (US), Fortinet (US), Imperva (US), Metaflows (US), Hillstone Networks (US), and Alert Logic (US)
Cloud IDS IPS Market by Component (Solution Type (Signature-Based, Anomaly-Based Detection), and Services), Deployment Model (Public, Private, and Hybrid Cloud), Organization Size, Industry, and Region – Global Forecast to 2022

The global Cloud IDS IPS Market size is expected to grow at a Compound Annual Growth Rate (CAGR) of 24.04% during the forecast period to reach USD 1,764.7 million by 2022. Cloud IDS IPS solutions are witnessing widespread adoption across various industries, as they provide scalable advanced security cost effectively. The growing usage of cloud-based security solutions and the increasing number of security threats across the globe are some of the other factors contributing to the growth of the cloud IDS IPS market.

Cloud IDS IPS solutions are witnessing major technological changes and evolving with technological advancements. These solutions offer anomaly-based detection capabilities that can detect previously unknown threats. Moreover, cloud IDS IPS solutions support policy-based and protocol-based detection to provide an additional layer of security to a company’s security architecture.

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The anomaly-based detection segment is expected to hold the highest growth rate during the forecast period. Anomaly-based detection uses baseline network behavior for detecting intrusions. Behaviors that are not specified within the baseline are considered malicious. Anomaly-based detection can detect a large number of attacks including those that have not been known previously. Therefore, cloud IDS IPS vendors can tap the market opportunity by providing anomaly-based cloud IDS IPS offerings, which can provide advanced security against the increasing vulnerabilities.

The Small and Medium-sized Enterprises (SMEs) segment is expected to grow at a higher CAGR during the forecast period. SMEs are rapidly adopting cloud IDS IPS solutions, as these solutions provide increased scalability and enhanced security by detecting vulnerabilities. To improve their position in the cloud IDS IPS market, several vendors provide solutions based on the pay-per-use or subscription model targeted at SMEs. These capabilities are expected to drive the growth of the cloud IDS IPS market.

Asia Pacific (APAC) is expected to grow at the highest CAGR in the cloud IDS IPS market by region during the forecast period, as the region offers growth opportunities with the increasing investments in advanced technologies, rapid cloud adoption, and increasing government regulations for data storage.

Healthcare is projected to grow at the highest CAGR in the cloud IDS IPS market by vertical during the forecast period, as healthcare companies hold highly sensitive data usually remains unprotected and sometimes not even encrypted. Moreover, they face additional burden of compliance, such as Healthcare Information Portability and Accountability Act (HIPAA). Cloud IDS IPS solutions provide enhanced security for sensitive data and the necessary controls required for compliance from regulatory authorities. Vendors of cloud IDS IPS solutions and services can tap the growing demand for cloud IDS IPS in the healthcare industry.

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The cloud IDS IPS market includes various vendors, such as Check Point (Israel), NTT Communications (Japan), Trend Micro (Japan), Century Link (US), Cisco (US), Intel (US), Fortinet (US), Imperva (US), Metaflows (US), Hillstone Networks (US), and Alert Logic (US). These players have deployed different strategies to expand their global presence and increase their market shares. New product launches and partnerships/collaborations are some of the significant strategies embraced by the market players to accomplish developments in the cloud IDS IPS market. Trend Micro, Fortinet, Alert Logic, and Check Point have adopted these strategie

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